The annual lists of the top-10 highest-grossing sectors vary, but the core categories of industry, such as retail and production, remain constant. Economic factors, including inflation and deflation, decrease industrial profits, but such financial disruptions appear to have an effect on all sectors, and the largest ones remain at the top of the industry list.
Highest Grossing Industries In The World:
Wholesale industries secured a spot on the top-10 highest-grossing list. Wholesale includes selling volumes of items without any alterations or improvements to the products. Retailers typically market products to customers for later resale. Samples of products sold by wholesalers include food, drinks, mining, and publishing, according to the Bureau of Labor Statistics. Fortune Magazine announced that Costco Wholesale had sales of $99.1 billion for 2012 and that it led companies in this top 10 industry category.
The place of the construction industry on the top 10 grossing industry list declines in revenue with economic downturns, but in 2013 the industry proved resilient and rebounded to win a top 10 ranking for highest grosses. Construction involves firms manufacturing construction materials and firms engaged in residential, industrial, and commercial building trades.
According to the Bureau of Economic Analysis, lasting products, a term used to characterize items manufactured for long-term use, such as vehicles, television sets, or farm equipment, remained fast in the top 10 positions of the highest-sized industries during 2011, 2012 and the first quarter of 2013. The office also noted that for the three years starting in 2010 sustainable products contributed the largest percentage for overall growth in the American economy.
Fuel And Energy:
Industries engaged in the manufacture of energy and fuel held top-10 honors that marked the highest size of American industries. Fortune ‘s top 500 companies in 2013 included the oil producers Exxon Mobil, Chevron, Phillips 66, General Electric, and Valero Oil among the biggest businesses in America, with total sales of over $991 billion in 2012. Fuel and energy producers routinely win top spots on Fortune ‘s list and usually rank among the 10 highest-sized industries in the Americas.
Training and consulting firms and computer software firms form the technology industry in America. Apple earned more than $156 billion in revenues in 2012, capturing a spot on Fortune ‘s list of top-10 companies, and helping the industry rank among the highest-sized industries, with revenues of $156.5 billion in 2012.
So, these are some of the highest-grossing industries in the world. We hope that the provided information has been of help to you.