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growth industry

growth industry

8 3.4
A business area where companies get bigger quickly and make more money
  • noun
  • /ɡroʊθ ˈɪndəstri/
translation icon : industria en crecimiento
  • Travel continues to be a growth industry, with travelers becoming more adventurous in their travel itineraries.
  • become a growth industry

Examples

  • Renewable energy has become a significant growth industry as countries seek sustainable energy sources.

  • A vast army of helpers surrounds the aging population, a veritable growth industry.

    Academic text (1999)
  • - It's a real growth industry.

  • Hey, we're in a growth industry.

  • As I say, it is a growth industry for young lawyers.

    Academic text (1995)
  • Listen, what's the largest growth industry in America?

  • You know, health was one of the growth industries even during the height of the, you know, the recession depression, if you will.

  • Tourism in Antarctica is also a growth industry.

    Academic text (1990)
  • Additionally, such environmentally related industries as waste management and pollution control are now among the leading growth industries in Japan.

    Academic text (1991)
  • Long-term care (LTC) is a growth industry in the United States, and demand for frontline paraprofessional workers is accelerating.

    Academic text (1994)

Synonyms

sunrise industry
vsgrowth industry
  • Literature
5.1

A new industry that is growing fast and bringing new ideas

is used for any fast growing sector valued for future profit potential

Antonyms

An industry in serious decline with little chance of recovery

How Fast

growth industry
8 3.4
sunset
7.5

Surface Forms

Morphology

growth + industry

The meaning is directly derivable from combining 'growth' (increase/development) with 'industry' (a sector producing goods or services): a 'growth industry' is literally an industry that is growing or expanding. This noun-modifier pattern is transparent and cross-linguistically common, so a B1 learner who knows both constituents would readily infer the intended meaning.

Etymology

Growth industry comes from a simple picture: growth is like a plant growing fast and industry is the field where businesses work. One popular image says when a business area is 'growing' or 'expanding' quickly, people call it a growth industry, which is why the phrase means a sector likely to bring new jobs and profit.