5 Most Competitive Industries in the World

In this piece, we will take a look at the five most competitive industries in the world. If you want to gain a deeper understanding of the determinants of competition in the corporate world, head on over to 10 Most Competitive Industries in the World.

5. General Electronics

Estimated Number of Firms:  1,457

General electronics are electronic devices that are made for use by the public. These include a wide variety of devices that are used in everyday life. Some examples include hair dryers, irons, induction cookers, shavers, and other products that most people use as a daily part of their lives. The growth of assembly operations, particularly in China, enables lots of firms to design their products and simply secure third party manufacturing for the products. This provides opportunities for lots of companies to enter the market and subsequently makes the industry quite competitive.