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. Electric Vehicle Wholesaling in Australia

2024 Units *: 35.6

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

3. Cotton Growing in Australia

2024 Units *: 33.7

The Australian Cotton Growing industry contributes about 2.5% of the total value of agricultural commodities produced in Australia. The past five years have been very difficult for the industry - revenue in the five years to June 2007 is expected to fall by 16.5% annually to $703.8 million. The reasons behind this sharp fall have been:

• The area of cotton plantings in Australia has been contracting in the past five years, as farmers have found it increasingly difficult to find adequate water supplies. This has seen a reduction in volumes produced, down from 703.3 kilotonnes in 2001-02 to a forecasted 250 kilotonnes... 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. 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

• 6. Under Cover Floriculture Production in Australia

  2024 Units *: 17.0

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• 7. 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

• 8. Solar Electricity Generation in Australia

  2024 Units *: 16.1

  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

• 9. Organic Livestock and Poultry Farming in Australia

  2024 Units *: 16.1

  Originally considered alternative food only purchased in local markets, organic food is becoming increasingly popular with consumers. This has fuelled demand for the Organic Livestock and Poultry Farming industry. The popularity of organic meat has surged over the past five years, contributing to rapid growth and expansion at the farming level. Over the five years through 2014-15, industry revenue is projected to post exceptional annualised growth of 19.1%, to reach $239.7 million. Profit margins remain strong, but have fallen slightly over the period. This is due to increased competition caused by the entry of new players, which has pushed farmgate... Learn More

• 10. Zoological and Botanical Gardens in Australia

  2024 Units *: 15.8

  • IBISWorld estimates that, in constant 2006 prices, the Zoological and Botanic Gardens Industry will generate $359 million in revenue in 2007-08, which represents real revenue growth of 4.1%.
  • This industry will also contribute an estimated $192 million to the Australian economy in 2007-08, which represents 0.02% of total GDP.
  For 2007-08, IBISWorld also estimates that this industry;
  • Consists of approximately 180 establishments, which is 1.1% higher than in 2006-07.
  • Employs approximately 3,866, which is 3.1% higher than in 2006-07.
  • Pays total wages of $146 million, which is 3.6% higher than in the previous year.
  According to ABS survey results (catalogue... Learn More