Many industries have been on a long-running upward trend over the last several years. Of course, 2020 led to certain unexpected difficulties for companies in some sectors and brought quite a few to a screeching halt. As everyone forges through 2021 with high hopes there won’t be any unpleasant surprises during the months to come, many are wondering which industries are poised to make comebacks and see unprecedented growth. Analysts expect good things to come for a few industries this year and beyond. Some may very well experience more significant upticks than others.
Automotives
Great strides have been made in the automotive realm lately. Each year, the latest models seem to include an entire range of advanced features and new designs while holding fast to some of the trademarks that have propelled the leading brands to fame. People are constantly seeking the latest innovations, and they’re trading in their current vehicles for new models more frequently than in the recent past. That means automotive manufacturers and companies like Webco Industries that supply them with essential components are sure to grow moving forward.
Airlines and Commercial Aircraft Manufacturing
Social distancing, shelter-in-place orders, and travel restrictions left countless people trapped at home during 2020 and the first few months of 2021. They’re suffering from severe cases of cabin fever and were ready to get out of the house. Since many of the restrictions and regulations brought on by the pandemic are being lifted, all those stir-crazy souls can now move about freely. Analysts expect those factors to lead to a major comeback for commercial airlines. Airlines are also getting ready to upgrade and expand their fleets, so the aircraft manufacturing sector is bound to see new levels of growth as well.
Oil and Gas
There’s no denying that the oil and gas industry has seen an ongoing upward trend over the last several decades. Despite growing efforts to find greener alternatives to fossil fuels, the demand for oil and gas continues to surge. It’s going to be further fueled by growth in the automotive sector and the airline industry during the months to come. After all, people are going to be traveling more. Increasing vehicle sales mean there will be more cars, trucks, vans, SUVs, 18-wheelers, and motorcycles on the roads that need to fuel up from time to time. All those additional flights and airplanes taking to the skies will drive up the demand for fuel as well.
Hospitality
As you might imagine, the increasing number of travelers getting out and about right now is going to have an impact on several businesses, not the least of which are clothing stores, luggage manufacturers, creators of beauty products, and restaurants. One of the most significantly affected will be the hospitality industry. Vacationers and adventure seekers the world over are going to start pouring back into hotels, resorts, and other facilities while they’re enjoying their rediscovered freedom.
Overall
Numerous industries are expected to experience upward trends and new developments in the near future in addition to the ones we’ve listed. Logistics, software development, technology, communications, and entertainment are only a few of them. In turn, all the sectors that help keep those industries on their feet will see considerable growth as well. Though some people fear that the remainder of 2021 and 2022 might bring about a repeat of 2020, most experts are fairly confident that the worst of the surprises are behind us for now.
