15 Fastest Growing Industries in the World

6. Automobile Engine and Parts Manufacturing

Revenue Growth 2019-2020: 13.9%

The automobile engine and parts manufacturing industry produces motor vehicle engines and other engine parts. These include valves, camshafts, crankshafts, fuel injectors, and pistons. This industry is linked with car production, and the increase or decrease of either will affect the other. In recent years, the industry has been focusing on engine efficiency, while simultaneously adapting to new industry standards as innovations such as electric and hybrid vehicles gain popularity. Operators in this industry manufacture and rebuild motor vehicle engines and engine parts. Industry activities include engine assembly, rebuilding, and parts manufacturing. Ford Motor Company (NYSE: F) is a top company in this industry based on size of market share.

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Disclosure: No position. 15 fastest growing industries in the world is originally published at Insider Monkey.