The Top 20 Fastest Growing Retail Sectors

December 14, 2023

Kentley Insights has compiled the top 20 fastest-growing retail industries. In 2023, many of the fastest-growing retail sectors in the U.S. continued to enjoy the post-pandemic spending spree but are facing headwinds entering 2024. Below are the 20 fastest-growing retail sectors based on their 5-year total revenue compound annual growth rate from 2018 to 2023.

No surprise that e-commerce and online auctions 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. All types of new and used motorized vehicles got a boost post-pandemic. It will be interesting to see how these retail industries perform over the next few years.

2024 will be a challenging year for the $30+ trillion global retail sector as retailers deal with pockets of stubborn inflation, a potential recession, waning demand, continued geopolitical issues. It's important to approach this year from a data-first perspective.

Kentley Insights covers 110 retail sectors with our U.S. industry market research reports and ~1000 retail product lines with our global market size & growth reports. Our 110 U.S. reports include 100+ data sets, trends, and forecasts covering retail sales, growth, companies, locations, state analyses, e-commerce, inflation, operating expense details, consolidation analysis, profitability, financial ratios, employee productivity, workforce composition, top jobs breakdown, wage and payroll analyses, and more. Many of the data sets have 9 years of historical data and 2024 and 5-year forecasts.

Our clients rely on us for the quality of our research, quarterly report updates, flat pricing of $295 per report, the industry's only 100% MoneyBack Guarantee, and our value-packed $495 All Access Membership.