Industries in Growth Stage of Life Cycle in Australia in 2024

1. Superannuation Funds in Australia

2024 Units *: 103.4

The Australian Superannuation Funds has been one of the fastest growing industries within the economy over the last decade and is now the biggest industry within the Finance and Insurance Division. In 2007-08, IBISWorld estimates that revenue, which is defined as contribution income and net investment income, will amount to $257.71 billion, which will be 14.9% higher than 2006-07. Of this total, IBISWorld estimates that contributions will amount to around $131 billion, with the remainder investment income. Industry value added is expected to amount to $83.99 billion, which will be 10.1% higher than 2006-07 and account for around 8.5%... Learn More

2. Telehealth in Australia

2024 Units *: 53.8

Telehealth has massively expanded in Australia in the wake of the COVID-19 pandemic, growing from niche services to a multi-billion-dollar industry. This has been largely due to the significant expansion of the Medicare Benefits Schedule (MBS) to support telehealth services during the COVID-19 pandemic. In addition, patients have been more likely to use telehealth services as a means to avoid contact and minimise the possibility of contracting COVID-19.

Prior to the outbreak of COVID-19, telehealth items on the MBS were severely restricted and were generally used only in limited circumstances. However, the Federal Government temporarily expanded the MBS to include telehealth... Learn More

3. Electric Vehicle Wholesaling in Australia

2024 Units *: 33.3

The Electric Vehicle Wholesaling industry has grown rapidly over the past five years. Increased charging infrastructure availability has supported demand, as has an increased range of electric vehicle (EV) models. Rising concern about environmental issues has also assisted the industry, as consumers have sought to lower their environmental footprint. A mostly positive consumer index, which indicates households are optimistic about their financial position and more likely to make expensive purchases, has further supported this trend. Despite these factors, EVs are still unaffordable for many consumers due to their high price point, limiting their consumer market. Additionally, minimal federal and state... Learn More

4. Rice Growing in Australia

2024 Units *: 32.9

The Rice Growing industry in Australia is largely confined to the Riverina region (located in southern New South Wales) and northern Victoria. As a water-intensive crop, rice production tends to fluctuate in response to seasonal conditions. In 2006-07, the industry was ravaged by drought, evidenced by the plunge in revenue over 2007-08. Moreover, production levels decreased dramatically and are yet to return to levels experienced prior to the beginning of the millennium. However, as seasonal conditions improved and rice growers returned to their paddocks, industry revenue rebounded significantly. Over the past five years to 2011-12, industry revenue rose at an... Learn More

5. Solar Electricity Generation in Australia

2024 Units *: 30.8

The Solar Electricity Generation industry has undergone a period of immense revenue growth over the past five years. Industry revenue is expected to grow at an annualised 163.4% over the five years through 2018-19, to reach $583.4 million. This growth has been driven by the development of a multitude of large-scale solar farms, which have increased industry generation capacity from less than 50 MW in 2014 to over 2,400 MW in 2018. Industry generation capacity is expected to continue growing in 2018-19, as a record number of solar projects come online. Industry revenue is expected to increase by 115.7% in... Learn More

6. Online Consumer Electronics Sales in Australia

2024 Units *: 19.3

The prevalence of online shopping has underpinned robust industry growth. Online retailers' ability to provide consumer electronic products at a lower price point than traditional retailers enabled the industry to better withstand the global financial crisis. Online purchases of computer electronic products were viewed as a cost-effective alternative to traditional bricks-and-mortar shopping. Growth in the number of internet subscribers has supported demand for consumer electronic products such as desktops, laptops, tablets and smartphones. In addition, growth in internet subscriptions has promoted higher technological literacy among the Australian population, which has boosted the popularity of shopping online. Industry revenue is forecast... Learn More

7. Battery Material Mining in Australia

2024 Units *: 17.2

The Battery Material Mining industry has grown significantly over the past five years, as battery manufacturers have sought to lock in supply while anticipating future growth in demand. Rising demand for electric vehicles has led global automakers to offer a growing range of electric vehicles, particularly in China. The supply of battery materials has become increasingly tight over the past five years, as indicated by significant growth in the prices of lithium and cobalt. Overall, industry revenue is expected to grow at an annualised 32.6% over the five years through 2018-19, to reach $1.6 billion. This includes an expected decline... Learn More

8. Personal Welfare Services in Australia

2024 Units *: 17.1

The Non Residential Care Services n.e.c. industry has experienced consistently strong revenue growth during the current performance period, in keeping with its status as a growth industry, as Government funding increases and minimal movement in the unemployment rate would indicate. Government initiatives to assist in getting unemployed Australians back to the workforce have also prompted growth in the industry. Firms engaged in residential care services are predominantly small, or non-employing, firms, with not-for-profit status, although there is an increasing incidence of firms entering the industry as profit-making entities. Also in 2007-08, the Non Residential Care Services n.e.c. industry:

• Is forecast to... Learn More

• 9. Sheep-Beef Cattle Farming in Australia

  2024 Units *: 17.0

  The Sheep and Beef Cattle Farming industry it expected to see red over the five years through 2012-13. Adverse weather conditions, subdued demand and lower prices are all expected to contribute to the industry's annualised 1.7% contraction over the period to reach $2.11 billion.

  The effects of drought severely reduced herd and flock numbers, while the arrival of the global financial crisis severely reduced demand for the industry's products. These two factors contributed to increased costs and lower farm gate prices, spelling disaster for industry revenue and profitability. A return to favourable weather conditions placed downward pressure on some input costs,... Learn More

• 10. Under Cover Floriculture Production in Australia

  2024 Units *: 17.0

  ... Learn More