Companies are going under left and right. Even worse, people are investing more money into industries that are struggling.
We conducted in-depth research into businesses that have grown in these dire times.
While the companies and industries mentioned in this list are doing well, we cannot guarantee that you will succeed without the right strategic approach to reach customers, and Leafymark does precisely that. We help you navigate the chaos of online marketing through tried and tested methods creating lasting customers for you.
Here is the list of the most thriving industries after covid which will give you strong ROI:
- 🚀 Online Education
- 🚀 Jewellery, Gold & Diamond & Gemstone Industry
- 🚀 Electronic & Mobile Repair
- 🚀 Hospital & Clinics
- 🚀 Life Insurance
- 🚀 Life Coaching
- 🚀 Rentals
- 🚀 Web & App Development
- 🚀 Web & Graphic Design
- 🚀 E-Commerce Stores
- 🚀 Influencer Location Providers
- 🚀 Cleaning Services for home, cars, office
- 🚀 Car, Vehicle Repairs
- 🚀 Online Delivery Service
Online Education
Online courses and opportunities are growing at a fast rate. Online education was a stable industry before covid, but it has skyrocketed to a new level. As a result, E-Learning Market has grown by USD 315 billion in 2021, and it will grow at a CAGR of 20% within six years. The sector’s expansion will be fueled by the increasing use of the internet worldwide.
The rise of different platforms where you can sell and teach courses has increased. And because of that, possibilities are endless in the teaching sector. You can teach everything from cooking to mechanics on your teaching site.
Some of the best teaching platforms that are perfect for creating your course are:
https://teachable.com, https://www.thinkific.com, https://kajabi.com
Jewellery, Gold & Diamond & gemstone industry
The size of the world’s jewellery market was USD 249.02 billion in 2021 and is to grow to USD 269.19 billion in 2022. Despite the pandemic, watch and jewellery manufacturers saw only a 25% drop in sales in 2020. Luxury spending is now recovering. And this industry shows no indications of slowing down.
We all felt a sense of terror brought on by the pandemic—a fear of the unknown. This dread heightened the need to purchase basics or save money. However, with everything returning to normal and some limitations gone, we can see demand for jewellery growing, and things will only improve. Many consumers now prefer buying gold online because it is quick and secure. Additionally, it enables youngsters to explore more options and variety while at home. Since the pandemic, consumers have grown more at ease buying jewellery online and are more likely to make expensive purchases than they were five years ago. As a result, online jewellery sales grew by an average of 3.9 per cent annually between 2012 and 2021, with the market anticipated to reach £21.4 billion in 2022. In contrast to brick-and-mortar stores, online jewellery sales in the US and Western Europe doubled in 2019.
Electronic repair, mobile
The electronic repair industry has grown from USD 16.44 billion to USD 22.17 billion within five years. People have become more reliant on electronic devices due to being cooped up at home. As usage increased, so did their dependence on these devices. As a result, electronic equipment malfunctioned more frequently but servicing it was challenging because shops were closed. In addition, homeowners were wary of letting a stranger handle their equipment. Defective technology thus became a problem for many technology companies.
In India, over 5 million mobile phones, 70,000 refrigerators, and more than 50,000 television sets needed repair and service. And this was when the pandemic was at its highest. So when the lockdowns and restrictions got removed, people rushed to service their products. Thus creating this boom in the industry.
Hospitals, clinics
When it comes to the hospital industry, some areas boomed, and some areas cracked. But since I’m focusing on the growth areas, the list will have only growing parts. The healthcare industry is expected to develop by 15–18% annually after covid.
Here are the sectors that truly boomed during and after covid
1. Telehealth
2. Stand-Alone Healthcare Facilities
3. Laboratory Services
4. National Medical Tourism
5. Med Spas
Investment in virtual health keeps growing. According to Rock Health’s 2021 digital health financing report, venture capital investments in the sector reached $14.7 billion in the first half of 2021, which is higher than the total amount invested in 2020 ($14.6 billion) and almost twice the amount financed in 2019 ($7.7 billion). If this rate holds, the increase in 2021 will represent an annual investment of $25 billion to $30 billion. In addition, the top 60 virtual health players’ combined revenue climbed in 2020 from roughly $3 billion to $5.5 billion.
Life Insurance
As a result of the massive rush by people to protect themselves and their families from Covid, there has been a huge increase in the number of health insurance buyers. As a result, the total health insurance premium collected in India increased by a whopping 25% in just a year.
Life Coaching
The last two years have caused businesses across the country to reduce a wide range of customary activity. However, despite the COVID-19 pandemic, the global coaching sector ‘expanded’ last year and is now estimated to be worth close to $3 billion.
The International Coaching Federation (ICF) commissioned the research, The 2022 ICF Global Consumer Awareness Study (GCAS), which revealed that coaching has not only “survived” the epidemic but has also “evolved.” A wider range of people is now involved, learning a wider range of tools than when it was a one-to-one practice.
According to statistics, 70% of all respondents worldwide said they were aware of coaching in some way. However, the results also reveal one crucial fact: coaching is increasingly regarded as vital in times of great change and rising pressures and demands.
Rentals
According to industry analysts, rents in major Indian cities have increased by 10% to 20% as businesses have begun to promote hybrid work arrangements and schools have been set up in most urban areas.
The rental property market in major cities has begun to recover since January. This is due to businesses’ introduction of hybrid work arrangements and the opening of new schools in major cities.
The world market for holiday rentals, estimated at USD 74.64 billion in 2021, is anticipated to rise at a CAGR of 5.3%.
Web & App Development Agencies
Worldwide, there are 4.45 billion internet users and 1.58 billion active websites. Mobile devices generate nearly 70% of all internet traffic. In 2022, it is anticipated that the app market will generate US$465,655m in total revenue.
Web & Graphic Design
Employers are currently in great demand for web designers; by 2024, the industry is predicted to expand by 27%. Did you know that two of three individuals prefer to read information with an attractive layout? A website’s credibility is 75% influenced by its design.
eCommerce Stores
Global e-commerce has increased to $26.7 trillion as online sales are boosted by COVID-19. Online retail sales increased significantly across several nations, with the Republic of Korea having the largest proportion at 25.9% in 2020, up from 20.8% the previous year (Table 1). According to the most recent projections, worldwide e-commerce revenues increased by 4% from 2018 to $26.7 trillion in 2019. This accounts for business-to-business (B2B) and business-to-consumer (B2C) sales and represents 30% of the world’s GDP in that year.
Influencer Location Providers
Now, this is a new business model that came to our attention recently. You rent out beautiful places you own for influencers to create content.
The business is still in its early stages but I wanted to share that here because this is a solid business too.
Cleaning services Car, home, office
Since the beginning of the epidemic, cleaning companies have been on the front lines, sanitising and disinfecting workplaces to fight against the spread of COVID-19. As a result, the cleaning sector is brimming with prospects; according to an earlier prediction, the sector would generate over $46 billion in revenue in 2020 and experience 10% growth by 2026.
The cleaning industry has seen a considerable increase yearly as cleaning service orders continue to stream in from businesses and households, hoping to stop further infection. IBISWorld most recently reported that the number of cleaning service companies has expanded by 6.4% since 2021.
Car, Vehicle repairs
With an annual growth rate of 11.4%, the worldwide automobile repair and maintenance market is anticipated to increase from $750.84 billion in 2021 to $836.27 billion in 2022.
The industry’s positive trends are obvious to business owners and investors in the vehicle servicing and repair sector. Key underlying drivers of the sector had a slight pause in the first half of 2020 due to COVID-19, but they have since recovered and are predicted to continue rising well. Demand for service and repair will rise due to the two main factors driving this continued growth: increased annual mileage travelled and used automobile sales anticipated to occur by 2025.
Online Delivery Services
The market for online meal delivery services was worth USD 23,539.40 million in 2018; from 2019 to 2025, it is projected to increase at a CAGR of 15.4%. The market is growing due to rising smartphone usage and internet adoption. In addition, the expansion of the food delivery sector as a whole, which enables customers to order food from various restaurants, is a key factor in the market’s expansion.
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