Table of Contents
1. Global Life & Health Insurance Carriers
2. Global Car & Automobile Sales
3. Global Commercial Real Estate
4. Global Pension Funds
5. Global Oil & Gas Exploration & Production
6. Global Car & Automobile Manufacturing
7. Global Direct General Insurance Carriers
8. Global Auto Parts & Accessories Manufacturing
9. Global Wireless Telecommunications Carriers
10. Global Engineering Services
1. Global Life & Health Insurance Carriers
Revenue for 2025: $5,531,9B
The industry has decreased over the five years to 2023 despite the growth of global demand for insurance products. The industry provides essential risk management services to downstream consumers and is a vital part of the financial sector, particularly concerning the industry’s massive asset holdings. Industry operators protect individuals from current, immediate and long-term illness, injury and death costs. By merging various risks, life and health insurers protect a fraction of the potential loss. The role of life and health insurers has become increasingly important as the global population has aged.
2. Global Car & Automobile Sales
Revenue for 2025: $4,357,5B
In recent years, a slowdown in established economies like the United States, Canada and Europe has hampered the Global Car and Automobile Sales industry. Housing two of the world’s largest car dealers, these geographies grappled with diminishing car sales, overshadowing solid growth achieved in emerging economies. Supply chain disruptions following COVID-19 stalled new car production, driving up car prices in 2021 and 2022. Dealers benefited from a surge in used car demand as new vehicle prices became prohibitive for many consumers, supporting a global recovery in automobile sales.
3. Global Commercial Real Estate
Revenue for 2025: $4,329,8B
The Global Commercial Real Estate industry has declined over the past five years. Specifically, investor confidence slightly declined over the same period as COVID-19 severely constricted demand. As a result, industry revenue is expected to slightly decline an annualized 2.5% to $4.3 trillion over the five years to 2023, including an anticipated increase of 1.6% in 2023 as the economy recovers from the coronavirus pandemic.
The growth of a country’s economy tends to boost industry revenue since business expansions and higher consumer spending often creates demand for industry services, such as office leasing, sales and brokerage services.
4. Global Pension Funds
Revenue for 2025: $4,296,9B
Pension funds, composed of defined benefit (DB) and defined contribution (DC) plans, have been the primary means for meeting the retirement requirements of an aging global population. Industry revenue consists of contributions, investment income, net sales of securities and more. Positive investment returns from equities have driven the growth of revenue despite volatility in financial markets. Global pension funds revenue has been increasing at a CAGR of 1.3% over the past five years, including an estimated 2.7% in 2023 alone, and is expected to total $4.3 trillion in 2023, with profit set to drop to 38.4%.
5. Global Oil & Gas Exploration & Production
Revenue for 2025: $4,233,8B
The Global Oil and Gas Exploration and Production industry has gone through major turbulence over the five years to 2023. The COVID-19 pandemic and accompanying socioeconomic restrictions significantly disrupted macroeconomic activity, leading to tremendous volatility within global energy markets. Industry revenue fell to multi-decade lows in 2020 before reaching all-time highs in 2022 as production and prices of hydrocarbons were completely unstable. Industry revenue has increased at a CAGR of 9.6% to $5.3 trillion over the five years to 2023, despite a decline of 19.8% in 2023 alone.
6. Global Car & Automobile Manufacturing
Revenue for 2025: $2,876,1B
Global car and automobile manufacturers benefited from strong consumer, business and government spending on passenger vehicles amid stable macroeconomic growth and historically low interest rates before the pandemic. Significant technological improvements, particularly regarding hybrid and electric vehicles, internal combustion engine fuel efficiency, infotainment development and autonomous driving capabilities, have also spurred global demand from the growing middle class. Even so, the pandemic led to a monumental slowdown, slashing vehicle demand. As a result, automaker revenue contracted at an expected CAGR of 2.3% to $2.6 trillion through the current period, despite a 1.6% jump in 2023 as the economy heats up.
7. Global Direct General Insurance Carriers
Revenue for 2025: $2,858,5B
The Global Direct General Insurance Carriers industry has faced challenges over the past five years, with issues such as a soft insurance market, low interest rates and numerous catastrophes affecting all operators in major markets. However, the rapid growth of emerging markets has slightly offset stagnating mature markets. An expanding middle class in countries like China has increased demand for insurance, driving industry growth.
8. Global Auto Parts & Accessories Manufacturing
Revenue for 2025: $2,721,2B
Revenue for the Global Auto Parts and Accessories Manufacturing industry has decreased at a CAGR of 6.3% over the past five years – including stagnating in 2023 alone – and is expected to total $1.9 trillion in 2023, when profit is set to drop to 5.3%. The auto parts aftermarket has helped generate revenue as average vehicle ages have increased. Demand for this segment tends to rise with the number of vehicles in use, and therefore, as more individuals take to the roads, demand for replacement parts increases.
9. Global Wireless Telecommunications Carriers
Revenue for 2025: $2,007,3B
As a result of massive and diverse uses, demand for many individual telecom operators has grown, though industry revenue has not increased linearly at the global level due to rising competition among wireless telecommunications carriers in technologically pioneering nations. As a result, wireless telecommunications revenue is expected to only increase at a CAGR of 0.5% over the past five years to $1.7 trillion, including expected growth of 2.8% in 2023, as global 5G network deployments accelerate after the most volatile pandemic periods have wound down.
10. Global Engineering Services
Revenue for 2025: $1,984,4B
Engineering companies apply the physical laws and principles of engineering to design and develop structures, machines, materials, instruments and other processes and systems. Services also include providing advice, feasibility studies, designs and technical services for construction or development. The performance of the industry relies on investment trends and the overall health of the economy to fuel projects where engineering services are needed. Strong investment in major markets, such as the United States, Europe and East Asia, has driven industry growth in recent years.
Source from IBISWorld
Disclaimer: The information set forth above is provided by IBISWorld independently of Alibaba.com. Alibaba.com makes no representation and warranties as to the quality and reliability of the seller and products.
