The Top 20 Fastest-Growing Retail Industries in 2022
October 28, 2022
Kentley Insights has compiled the top 20 fastest-growing retail industries. In 2022, many of the fastest-growing retail industries in the U.S. have benefited from the pandemic but are facing headwinds with the potential recession and elevated inflation. Below are the 20 fastest-growing retail industries based on their 5-year total revenue compound annual growth rate from 2017 to their 2022 forecast.
No surprise that e-commerce is at the top of the list. The pandemic gave a boost to retailers focused on the outdoors and recreation, and retailers focused on the home and backyard. The significant rise in oil prices has spurred the growth of fuel dealers and gas stations. It will be interesting to see how these retail industries perform over the next few years.
The Top 20 Fastest Growing Retail Industries