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Industry Growth
The rate at which an industry is expanding or contracting.
Implications
The expansion or contraction of an industry over time, typically measured by metrics such as revenue growth, market size, or the number of active companies, often used to assess the attractiveness of a sector and guide investment or business strategy decisions.
Example
Example: An investment firm evaluates industry growth in the renewable energy sector, noting a significant increase in demand for solar and wind power, which informs its decision to invest in related companies.
Related Terms
Different from company growth, which focuses on the performance of a single entity, industry growth looks at the overall expansion or decline of an entire sector, providing a broader view of market opportunities.
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