In this article we are going to list the top 5 industries in the world heading into 2023. For a detailed coverage of this topic and a more comprehensive list please take a look at the top 20 industries in the world heading into 2023.
5. Drugs (Pharmaceutical)
Total market cap of the industry (in billions): $4,387
Total invested capital in the industry (in billions): $1,129
Total revenue of the industry (in billions): $1,114
The pharmaceutical drug industry is incredibly important and integral to the improved living conditions that we find ourselves in, especially considering how much the world has improved in this regard compared to just a few decades ago.
4. Auto & Truck
Total market cap of the industry (in billions): $2,662
Total invested capital in the industry (in billions): $2,032
Total revenue of the industry (in billions): $2,138
It is no surprise that the auto & truck industry is in our list, with the biggest companies in the sector including Ford Motor Company (NYSE:F) and Volkswagen.
3. Power
Total market cap of the industry (in billions): $2,437
Total invested capital in the industry (in billions): $3,577
Total revenue of the industry (in billions): $1,936
The power industry comprises of companies which engage in providing power to homes and businesses. The power industry isn’t just one of the top industries in the world heading into 2023 but is easily one of the most integral industries since without it, most other industries would struggle to function well. The biggest power companies in the world include NextEra Energy, Inc. (NYSE:NEE) and Equinor ASA (NYSE:EQNR).
2. Oil / Gas
Total market cap of the industry (in billions): $3,619
Total invested capital in the industry (in billions): $2,712
Total revenue of the industry (in billions): $2,897
The oil and gas industry has the highest revenue globally of any industry, which shouldn’t come as a surprise considering that only China National Petroleum Corporation has revenues higher than $400 billion while other giant such as Exxon Mobil Corporation (NYSE:XOM) and BP p.l.c. (NYSE:BP) have revenues well in excess of $200 billion.
1. Banks
Total market cap of the industry (in billions): $7,101
Total invested capital in the industry (in billions): $16,271
Total revenue of the industry (in billions): $2,414
Easily topping the list of the top 20 industries in the world heading into 2023 is the banking industry. The banking industry is home to some of the biggest companies in the world including Capital One Financial Corporation (NYSE:COF), Barclays PLC (NYSE:BCS), Banco Santander, S.A. (NYSE:SAN) and Bank of America Corporation (NYSE:BAC).
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out our articles on 10 Best Upside Stocks To Buy and 12 Most Advanced Countries in Robotics.
