5 Fastest Growing Industries in the World

3. Deep Sea, Inland, and Coastal Water Transportation

Revenue Growth 2019-2020: 23.6%

The industry of Deep Sea, Inland, and Coastal water transportation is mainly responsible for the transportation of cargo and passengers across the world’s waterways. This industry has exhibited strong growth over the past five years, with increased global per capita income and production activity heavily supported by developed economies. Even with the recent pandemic cutting demands of the industry, the revenue has been sustained by cruise line operations and global consumer spending, primarily in first-world economies. Jobs in this industry include captains and pilots of water vessels, sailors and marine oilers, and ship engineers.

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