What are the World's Biggest Emerging Industries?

If you’re the owner of a business that’s looking to expand, there are a wide number of emerging industries, offering you potential new avenues.

Naturally, not all of these industries will be something you can work with, but there may still be other opportunities for you to try and capitalise on or perhaps partner with. Equally, if you’re a small business owner or are looking at creating your own start-up, you may well find yourself getting involved or becoming part of some of these ever-growing sectors. So what exactly falls into the category of an ‘emerging industry’ and what’s the situation like for these both in the UK and abroad? Here, we take a closer look.

 

What is covered in ‘emerging industries’?

The definition of ‘emerging industries’ according to emergingindustries.eu – a service contract for the Enterprise and Industry Directorate-General of the European Commission – is as follows:

‘Emerging industries can be defined as the establishment of an entirely new industrial value chain, or the radical reconfiguration of an existing one, driven by a disruptive idea (or convergence of ideas), leading to turning these ideas/opportunities into new products/services with higher added value.’

In other words, these are the upcoming companies and businesses within new or revitalised sectors that subsequently become successful or highly sought-after. Within the UK, and indeed across the European continent, there have been many examples of such new and exciting ventures that have proved so far to be quite popular.