Top 5 Global Growth Industries in 2017 - Examining the market drivers, opportunities and risks

Top 5 Global Growth Industries in 2017 - Examining the market drivers, opportunities and risks


In the world economy, the forces of growth and prosperity are complex and ever changing. New engines of growth emerge and decline rapidly and pinpointing their trajectory and long-term relevance can be elusive. The catalysts of change can be fundamental factors such an emerging technology, the needs of the global population, a change in regulation or a new method of monetization. In this report, we examine some of the most rapidly growing industries globally including: the construction industry, cloud computing, online retail, the marijuana industry and music streaming industries to look at why they are growing so quickly and what issues are emerging that might affect these industries long-term prospects.

Key Highlights

- The global construction industry has had a difficult period in recent years, after the global recession in 2007, the industry was directly affected by a huge drop in available investment from banks and financial institutions. It has become increasingly evident though those financial institutions have regained their confidence in the industry and such have been backing big projects.
- Once dismissed as a fad which, whilst appearing to have the qualities of revolutionary change, would fade with time as so many others have done, has morphed to become the catalyst for change across much of the economy early proponents promised.
- Even in mature economies which have enjoyed the benefits of online retail shopping since its inception in the 1990s continue to grow at rates most other markets are incapable of. Emerging consumer societies, such as those in China and India, have forged means of shopping online unique to their societal and geographical features, whilst latecomers such as Canada are experiencing rapid growth as technology gains influence over consumer habits and companies change strategies to take advantage of a changing business environment.


- learn just what is causing the large scale growth in our top five exciting industries
- Examine how companies are evolving in the industry to capitalise on high growth
- Just what pitfalls are waiting in our industries that could cause growth to stall

Reasons to buy

- The construction industry has been growing well, what has caused this and what does the future have in store for the industry?
- Why is music streaming suddenly become so successful and is this the for the music industry?
- What big opportunities are on the horizon in the legal cannabis industry and how well is it doing?

Executive Summary 2
Construction industry: Springing back into life but concerns over financing are troubling 2
Cloud computing: Industry has changed much, but challenges remain 2
Online retail: Different routes to development creating a global boom 3
Music industry: Saved by streaming services helping to remonetize the music business 3
Marijuana: The unusual growth industry displaying just how much potential it has 3
Construction industry has sprung back into life 8
US construction appears to be doing very well with a great year in 2016 8
Chinese construction industry is still producing double digit growth 9
UK construction industry shows a very mixed picture 11
India has enormous potential for growth in the construction sector 12
Cloud computing has changed much but challenges remain 14
Cloud computing is changing how major manufacturers operate, allowing the creation of new products 14
Cloud computing has changed how retail companies work, inciting major spending 15
Factory of the future made possible by cloud computing: Major companies now investing in long-term future of the cloud 16
Despite the potential gains, cloud computing also comes with problems 18
Amazon Web Services domination of market could stifle long-term innovation 18
Different routes to development create global online retail boom 20
Indian online retail growth predicated on mixing cash and cashless economies 20
Prolific online spending ensures healthy growth remains in UK market despite mature economy 22
Global growth helped by arrival of new countries to the market 23
Transformed by technology, Chinese online retail underpins global growth 24
Music industry saved by streaming Services 26
Paid subscriber growth in America has surged 26
Renting content has become much more popular than actually buying the content 27
Streaming music works best for chart-toppers but not for the mid-range artist 27
Other distribution methods are still popular amongst less established artists 27
App technology surges, so does the need for music streaming apps 28
Great for the industry, not so great for the streamer 28
Spotify fails to turn a profit, even to this day it records losses 28
Sound Cloud has gone through the ups but is now on the down and it is there to stay 30
Piracy still a mainstream problem worldwide despite legal methods to stream music 31
Marijuana: The unusual growth industry displaying just how much potential it has 32
The cannabis industry is believed to be the fastest growing US industry 32
Hemp and Marijuana are two very different products and this effects legality 34
Industrializing marijuana production is the main aim for players 34
The types of opportunities in this market are wide-ranging 35
Licensing is still unusual and alcohol companies are trying to muscle in 36
Black market cannabis and heavy regulation is a problem for the market players 37
Trump administration has been adversarial but wont stop the momentum 37
Canada is about to become a boom market for the cannabis industry 38
Points of Interest 39
Appendix 40
Further Reading 40
Sources 40
Ask the analyst 41
About MarketLine 41
Disclaimer 41

List Of Tables

Table 1: Largest US Cannabis companies in 2017 34

List Of Figures

Figure 1: Key global growth industries 2016, % growth YOY 2
Figure 2: Global construction industry world map by market value, 2015 8
Figure 3: Global construction industry market value 2011-2021 by region $ millions 9
Figure 4: Chinese Belt and Road program route map 10
Figure 5: UK demand for new homes and average homes built 11
Figure 6: UK housing affordability, median house prices to median earnings ratio 12
Figure 7: Economic growth index of Indian cities, 2000-2025, 2010=100 13
Figure 8: Value of Global Cloud Computing services 2011-2016 ($bn) 14
Figure 9: Value of Global Internet Retail 2008-2016 ($bn) 16
Figure 10: Nine sections of Industry 4.0 17
Figure 11: Revenues of Amazon 2008-2016 ($bn) 19
Figure 12: Indian online retail value ($bn) 20
Figure 13: Percentage of Indians with internet access 2005-2015 21
Figure 14: UK outstanding credit card balances ($bn) 22
Figure 15: Canadian online retail spending 2008-2016 ($bn) 23
Figure 16: Number of smartphones owned in China 2012-2016 (million) 25
Figure 17: Music streaming has enjoyed large growth over the last decade 26
Figure 18: Digital listening shifts from buying to renting 27
Figure 19: Spotify financials at the end of 2016 (000) 29
Figure 20: Spotify growth surges in the space of nine years 30
Figure 21: Cannabis legality US, by state 32
Figure 22: Global legislation towards cannabis use 33
Figure 23: North American legalized cannabis market growth 2016 and CAGR 2017-2021 33
Figure 24: Cannabis oil versus traditional flower products market share 2015 and 2016 35
Figure 25: Marijuana index three year price fluctuations 36
Figure 26: Cannabis sales North America, legal, illegal and global estimates ($bn) 37

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