Biggest Industries by Revenue in United States in 2025

• 1. Health & Medical Insurance in the US

  Revenue for 2025: $1542.2B

  Health and medical insurance companies experienced significant fluctuations in performance in recent years. The onset of COVID-19 led to a substantial increase in healthcare spending in 2020 and 2021, as demand for medical services surged. Consequently, investment in health insurance witnessed a dramatic rise, contributing to robust revenue growth during these years. However, with inflation peaking in 2022, consumer purchasing power diminished, causing households to reduce their spending on h...

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• 2. Hospitals in the US

  Revenue for 2025: $1517.3B

  Hospitals play a critical role in healthcare, offering specialized treatments and emergency services essential for public health, regardless of economic fluctuations or individuals' financial situations. Rising incomes and broader access to insurance have fueled demand for care in recent years, supporting hospitals' post-pandemic recovery initiated by federal policies and funding. The recovery for many hospitals was also promoted by mergers that lessened financial strains, especially in rural...

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• 3. Commercial Real Estate in the US

  Revenue for 2025: $1483.6B

  The Commercial Real Estate (CRE) industry is exhibiting significant variations across markets, with persistently high office vacancy rates juxtaposed against thriving prime office spaces. Hard hit by the widespread adoption of remote and hybrid work models, the overall office vacancy rate rose to 20.4% in Q4 2024 from the pre-pandemic rate of 16.8%. However, leasing volumes for prime office spaces are set to climb, providing opportunities for seasoned investors. On the other hand, the multifa...

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• 4. Commercial Banking in the US

  Revenue for 2025: $1418.0B

  Commercial Banks generate most of their revenue through loans to customers and businesses. Loans are set at interest rates that are influenced by different factors, including the federal funds rate (FFR), the prime rate, debtors' creditworthiness and overall macroeconomic performance. The Commercial Banking industry’s performance was mixed during the current period, which included both the postpandemic recovery and a strong economy amid high interest rates. At the onset of the period, volatil...

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• 5. Drug, Cosmetic & Toiletry Wholesaling in the US

  Revenue for 2025: $1416.1B

  The success of the drug, cosmetic and toiletry wholesalers is driven by demand for its primary product segment, pharmaceuticals. With several major brand-name drugs losing patent exclusivity, new opportunities have been created for less expensive generic drugs, slowing revenue growth but maintaining profit stable. Nonetheless, wholesalers have countered this trend by adjusting their prices and supplies accordingly. The federal government has invested in multiple plans to make healthcare and p...

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• 6. New Car Dealers in the US

  Revenue for 2025: $1255.5B

  New car dealers in the US have seen dramatic shifts in recent months, shaped by global supply chain woes, shifting consumer preferences and a rush to beat impending tariffs. March 2025 stood out as a particularly robust period, with new car sales hitting their highest monthly pace in nearly four years. However, this surge is likely to prove short-lived, with much of it attributed to customers moving up planned purchases. Revenue has climbed at a CAGR of 2.7% to an estimated $1.3 trillion thro...

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• 7. Public Schools in the US

  Revenue for 2025: $1034.8B

  Public schools have managed to maintain revenue growth despite significant shifts in funding, enrollment and parental preferences. Class sizes are shrinking every year as birth rates drop and the high school retention rate stagnates, straining revenue as smaller schools see lessened funding from governments. Public schools have contended with heightened competition from alternative education options, especially homeschooling and private institutions, as parents seek mor...

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• 8. Property, Casualty and Direct Insurance in the US

  Revenue for 2025: $1021.1B

  General insurers can provide industry services at a fraction of the potential loss by pooling premiums to pay for losses some policyholders incur. The industry is an indispensable part of risk management in the domestic economy. General insurers derive income from insurance premiums and investing in bonds, stocks and other assets. Most property and casualty premiums are obtained through renewing policies relating to existing risks. Changes in risk exposure and pricing conditions affect remain...

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• 9. Life Insurance & Annuities in the US

  Revenue for 2025: $999.4B

  Demand for life insurance and annuities has been volatile in recent years. When businesses shuttered in 2020 to curb the spread of COVID-19, consumer spending took a nosedive, causing a ripple effect that significantly impacted the industry. With rising unemployment and a drop in investment from households, both individual and group life insurance and annuity products saw decreased demand, severely hindering revenue growth. However, as pandemic-related restrictions eased, recovery began. 2021...

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• 10. Automobile Wholesaling in the US

  Revenue for 2025: $924.5B

  Automobile wholesalers are crucial in distributing vehicles, such as new and used automobiles, light and heavy trucks, SUVs, motorcycles, trailers, buses and motor homes. However, their scope excludes motor vehicle parts or tire sellers. Amidst this backdrop, wholesalers have navigated turbulent supply chains and fluctuating economic conditions. The complexity of managing these challenges has been significant, as they deal with disruptions in metal and electronic component supplies, leading t...

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