growth industry

noun

: a business that has become increasingly popular or profitable
also : an interest or activity that is increasingly popular or trendy

Examples of growth industry in a Sentence

Recent Examples on the Web
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In 2024, this growth industry catapulted Graham King, who operates accommodation and transportation for asylum seekers, into the Sunday Times Rich List for the first time. Christine Ro, Forbes, 25 Mar. 2025 Countries that build comparative advantage in critical growth industries – for example, artificial intelligence, robotics, medical innovations, and services for aging populations – provide that hope and will succeed over the long term. Sarah Keohane Williamson, Forbes.com, 16 May 2025 On the flipside, global competition for access to finite resources and to dominate the next generation of growth industries—clean energy, grid resilience, electric vehicles, sustainable food solutions—is redrawing supply chains, trade agreements, and geopolitics. John W. Dean, MSNBC Newsweek, 7 Apr. 2025 Our aging population is creating more urgent needs for healthcare and social assistance/social service workers, an area that Jobs and Skills Australia cites as the largest growth industry. Aliza Knox, Forbes, 31 Dec. 2024 See All Example Sentences for growth industry

Word History

First Known Use

1954, in the meaning defined above

Time Traveler
The first known use of growth industry was in 1954

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Cite this Entry

“Growth industry.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/growth%20industry. Accessed 7 Jun. 2025.

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