The COVID-19 pandemic was a historically major shock to the U.S. economy, accelerating market trends by several years and adding an unprecedented level of uncertainty to the global business environment. But while COVID-19 destroyed opportunities for entrepreneurs across some industries, economic trends in other areas created new ones. And who knows, maybe some of the newest entrepreneurs will one day rank among the 25 richest Americans of all time.
To determine the fastest growing small business opportunities, 24/7 Wall St. reviewed data on business establishment growth by industry from the U.S. Census Bureau’s County Business Patterns program. Detailed industries were ranked based on the percentage change in establishments from 2017 to 2021. Only industries in which the average establishment size was less than 20 employees were considered.
Many of the fastest growing business opportunities are in industries being shaped by changing consumer tastes. Shifts in preference towards small, locally-produced artisanal products, for example, have led to a boom in demand for small breweries, distilleries, and wineries. The increase in consumer demand has coincided with an easing of licensing requirements for businesses of this type in much of the country. The number of breweries, distilleries, and wineries in the U.S. grew 31.9% from 2017 to 2021, nearly 10 times the growth in establishments across all industries. (Unlike these small companies, these companies control over 50% of their industry.)
Other fast-growing businesses have benefited from social media marketing. Creative business owners have increasingly been able to showcase their work and share customer testimonials on platforms like Instagram and Facebook, helping to raise brand awareness and build reputation. This has led to a rapid increase in the number of establishments in businesses like nail salons, barbershops, and food trucks. The number of mobile food establishments in the U.S. rose 88.2% from 2017 to 2021, the largest increase of any small business industry.
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50. Coastal and Great Lakes Passenger Transportation
> Establishment growth, 2017 to 2021: +13.3%
> Total establishments, 2021: 170
> Total employees, 2021: 1,839
> Avg. annual pay, 2021: $89,059
The coastal and Great Lakes regions offer scenic beauty, vibrant marine ecosystems, and a range of recreational activities, attracting a growing number of tourists seeking unique travel experiences. This increasing popularity has driven the demand for passenger transportation services in these areas. The number of businesses in the industry rose by 13.3%, from 150 in 2017 to 170 in 2021, among the fastest expansions of any industry.
Additionally, established operators in the coastal and Great Lakes passenger transportation industry have expanded their fleets, offering more routes and services to cater to the growing demand.
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49. Used Household and Office Goods Moving
> Establishment growth, 2017 to 2021: +13.4%
> Total establishments, 2021: 9,547
> Total employees, 2021: 102,346
> Avg. annual pay, 2021: $42,468
The robust housing market in recent years, characterized by increased home sales and relocation activities, has driven the demand for moving services as more people move to new homes. Over the past few years, the number of businesses in the industry rose by 13.4% from 8,417 in 2017 to 9,547 in 2021.
Another factor behind growth in the industry may be technological advancements and efficiency in the moving industry. This includes the use of advanced tracking systems, online booking platforms, and optimized route planning. These advancements have enhanced the overall customer experience and allowed movers to handle more jobs effectively.
48. Glass and Glazing Contractors
> Establishment growth, 2017 to 2021: +13.7%
> Total establishments, 2021: 6,630
> Total employees, 2021: 65,913
> Avg. annual pay, 2021: $63,191
The robust growth in the construction industry has driven the demand for glass and glazing contractors. As new commercial and residential projects were initiated, the need for skilled contractors to install glass windows, doors, and facades increased significantly. Over the past few years, the number of businesses in the industry rose by 13.7% from 5,829 in 2017 to 6,630 in 2021.
Also, glass and glazing contractors have embraced technological advancements in the industry, including improved glass products and installation techniques. The use of advanced cutting and installation equipment, as well as innovative glass solutions, has increased efficiency and quality, attracting more customers and driving industry growth.
47. Convention and Trade Show Organizers
> Establishment growth, 2017 to 2021: +13.8%
> Total establishments, 2021: 6,021
> Total employees, 2021: 47,783
> Avg. annual pay, 2021: $57,958
Companies and professionals nationwide seek opportunities to connect, showcase products, and exchange ideas, likely contributing to the higher demand for event organizers. The number of businesses in the industry rose 13.8% from 5,292 in 2017 to 6,021 in 2021, among the fastest expansions of any industry.
One other factor behind growth in the industry may be the rise of industry-specific conferences and exhibitions. Industries such as technology, health care, and finance rely on conventions and trade shows to bring together experts, businesses, and stakeholders. The demand for industry-specific events has grown as organizations recognize the value of targeted conferences and exhibitions for knowledge sharing, business development, and staying updated with industry trends.
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46. Lessors of Miniwarehouses and Self-Storage Units
> Establishment growth, 2017 to 2021: +13.9%
> Total establishments, 2021: 18,715
> Total employees, 2021: 46,279
> Avg. annual pay, 2021: $38,547
The demand for miniwarehouses and self-storage units has grown due to various factors, including downsizing, relocation, and changing lifestyles. When people face limited space in their homes or businesses, they need secure and convenient storage options. The need for these facilities may have increased as the number of businesses in the industry rose 13.9% from 16,427 in 2017 to 18,715 in 2021, far greater than the national business establishment growth of 3.7%.
45. Siding Contractors
> Establishment growth, 2017 to 2021: +14.3%
> Total establishments, 2021: 8,954
> Total employees, 2021: 40,031
> Avg. annual pay, 2021: $54,014
The demand for siding contractors has increased due to a surge in home renovation and remodeling projects. Homeowners seeking to improve the aesthetics, energy efficiency, and durability of their homes have turned to siding contractors for installation or replacement services. Over the past few years, the number of businesses in the industry rose 14.3% from 7,832 in 2017 to 8,954 in 2021.
Also, the industry’s growth has been supported by the availability of skilled siding contractors and a trained workforce. Employment at siding contractors establishments has grown 17% from 2017 to 2021, one of the largest growth rates.
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44. Special Needs Transportation
> Establishment growth, 2017 to 2021: +14.4%
> Total establishments, 2021: 3,812
> Total employees, 2021: 61,165
> Avg. annual pay, 2021: $33,032
There has been a growing emphasis on inclusivity and equal access to transportation for individuals with special needs. The demand for special needs transportation services has risen as more individuals and organizations recognize the importance of providing safe and reliable transportation options for people with disabilities or special requirements. Over the past few years, the number of businesses in the industry rose 14.4% from 3,333 in 2017 to 3,812 in 2021.
43. Remediation Services
> Establishment growth, 2017 to 2021: +15.3%
> Total establishments, 2021: 5,576
> Total employees, 2021: 85,937
> Avg. annual pay, 2021: $68,879
Stricter environmental regulations and compliance requirements have increased the demand for remediation services. Industries, businesses, and government entities must adhere to environmental standards, leading to an increased need for remediation services to address pollution, contamination, and hazardous materials. The number of businesses in the industry rose 15.3% from 4,836 in 2017 to 5,576 in 2021, among the fastest expansions of any industry.
One other factor behind growth in the industry may be growing awareness of environmental risks from soil and water contamination. As communities and stakeholders become more conscious of the potential health and ecological consequences, there is a greater emphasis on addressing and remediating environmental issues.
42. Drive-In Motion Picture Theaters
> Establishment growth, 2017 to 2021: +15.3%
> Total establishments, 2021: 226
> Total employees, 2021: 991
> Avg. annual pay, 2021: $22,156
Drive-in motion picture theaters offer a nostalgic and unique movie-watching experience, attracting customers seeking a break from traditional indoor cinemas. The demand for this retro experience has increased as people seek novel ways to enjoy movies and create memorable outings with friends and family. Over the past few years, the number of businesses in the industry rose 15.3% from 196 in 2017 to 226 in 2021.
Also, the growth of the drive-in motion picture theaters industry has been fueled by the revival of existing theaters. Previously abandoned or underutilized drive-in theaters have been renovated, upgraded, and reopened.
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41. Human Rights Organizations
> Establishment growth, 2017 to 2021: +15.5%
> Total establishments, 2021: 3,927
> Total employees, 2021: 43,344
> Avg. annual pay, 2021: $66,889
Heightened social consciousness and activism around human rights issues have led to a surge in demand for organizations dedicated to promoting and protecting human rights. The number of businesses in the industry rose 15.5% from 3,400 in 2017 to 3,927 in 2021, among the fastest expansions of any industry.
Additionally, grassroots movements and community-based organizations have contributed to the growth of the human rights organizations industry. Local initiatives and activism have spurred the establishment of new organizations that focus on addressing human rights issues within specific communities or regions.
40. Wineries
> Establishment growth, 2017 to 2021: +15.5%
> Total establishments, 2021: 4,284
> Total employees, 2021: 57,939
> Avg. annual pay, 2021: $57,357
The demand for wine has been on the rise, driven by increasing consumer interest in wine culture, appreciation, and consumption. Wine has become more popular among diverse demographics, leading to a higher demand for wineries and their products. The number of businesses in the industry rose 15.5% from 3,708 in 2017 to 4,284 in 2021.
One other factor behind growth in the industry may be wine tourism and experiential travel. Wine tourism has gained traction as a popular form of experiential travel, with individuals seeking immersive experiences at wineries. Visitors enjoy wine tastings, vineyard tours, and events, leading to increased demand for wineries as destinations and attractions.
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39. Interior Design Services
> Establishment growth, 2017 to 2021: +16.2%
> Total establishments, 2021: 15,435
> Total employees, 2021: 46,872
> Avg. annual pay, 2021: $63,738
The demand for interior design services has been fueled by rising consumer spending on home improvement projects. Homeowners are investing in enhancing the aesthetic appeal and functionality of their living spaces, leading to an increased demand for interior design services. The number of businesses in the industry rose 16.2% from 13,284 in 2017 to 15,435 in 2021, among the fastest expansions of any industry.
One other factor behind growth in the industry may be growing awareness of interior design. There has been a growing awareness and appreciation for the role of interior design in creating visually pleasing and functional spaces. Consumers are seeking professional assistance to transform their homes, offices, and commercial spaces, driving the demand for interior design services.
38. Window Treatment Stores
> Establishment growth, 2017 to 2021: +16.3%
> Total establishments, 2021: 2,116
> Total employees, 2021: 7,961
> Avg. annual pay, 2021: $47,907
The demand for window treatment stores has been driven by the growing trend of home renovation and remodeling. Homeowners seeking to update their living spaces and improve the aesthetic appeal often include window treatments as part of their projects, boosting the demand for these specialized stores. The number of businesses in the industry rose 16.3% from 1,820 in 2017 to 2,116 in 2021, far greater than the national business establishment growth of 3.7%.
Another factor behind growth in the industry may be growing product variety and innovation, including new materials, designs, and technologies to meet the evolving consumer demands. This increased availability of diverse options has supported the growth of window treatment stores.
37. Scenic and Sightseeing Transportation, Water
> Establishment growth, 2017 to 2021: +16.6%
> Total establishments, 2021: 2,119
> Total employees, 2021: 9,841
> Avg. annual pay, 2021: $59,139
The growth of the scenic and sightseeing transportation, water industry has been driven by the increasing number of tourists and travelers seeking unique and memorable experiences. Sightseeing tours and water-based attractions have become popular among both domestic and international visitors, contributing to the demand for scenic and sightseeing transportation. The number of businesses in the industry rose 16.6% from 1,817 in 2017 to 2,119 in 2021, far greater than the national business establishment growth of 3.7%.
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36. Recreational Goods Rental
> Establishment growth, 2017 to 2021: +17.0%
> Total establishments, 2021: 2,740
> Total employees, 2021: 12,805
> Avg. annual pay, 2021: $48,588
The demand for recreational goods rental has been driven by the growing popularity of outdoor recreational activities. More individuals and families are engaging in activities such as camping, hiking, boating, and cycling, creating a higher demand for rental equipment. Over the past few years, the number of businesses in the industry rose 17.0% from 2,341 in 2017 to 2,740 in 2021.
Also, the recreational goods rental industry has witnessed an expansion in the availability and variety of rental inventory. Rental providers have invested in acquiring a diverse range of equipment, including camping gear, water sports equipment, bicycles, and more, to cater to the growing demand and offer a wider selection to customers.
35. Music Publishers
> Establishment growth, 2017 to 2021: +17.1%
> Total establishments, 2021: 815
> Total employees, 2021: 5,368
> Avg. annual pay, 2021: $109,344
The growth of the music publishers industry has been fueled by the increasing demand for music consumption across various platforms. With the rise of digital streaming services and online music platforms, there has been a surge in the consumption of recorded music, leading to a higher demand for music publishing services. The number of businesses in the industry rose 17.1% from 696 in 2017 to 815 in 2021, far greater than the national business establishment growth of 3.7%.
One other factor behind growth in the industry may be expansion of the global music market. The accessibility of music through digital platforms has expanded the reach of artists and their music, leading to a broader international audience. This increased demand for music from different regions and genres has created opportunities for music publishers to cater to a diverse range of artists and expand their operations.
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34. Appliance Repair and Maintenance
> Establishment growth, 2017 to 2021: +17.5%
> Total establishments, 2021: 5,380
> Total employees, 2021: 21,734
> Avg. annual pay, 2021: $43,744
The growth of the appliance repair and maintenance industry can be attributed to the increasing reliance of consumers on household appliances. Any breakdown or malfunction requires prompt repair, leading to a higher demand for repair and maintenance services. The number of businesses in the industry rose 17.5% from 4,579 in 2017 to 5,380 in 2021, among the fastest expansions of any industry.
With the growth in the industry, employment in the industry grew over the years. With proper training and expertise, technicians are able to diagnose and fix a wide range of appliance issues, meeting the demand for repair services.
33. New Single-Family Housing Construction (except For-Sale Builders)
> Establishment growth, 2017 to 2021: +17.5%
> Total establishments, 2021: 58,031
> Total employees, 2021: 220,809
> Avg. annual pay, 2021: $60,124
Population growth, along with demographic changes such as urbanization, has increased the demand for new single-family housing. The number of businesses in the industry rose 17.5% from 49,387 in 2017 to 58,031 in 2021.
One other factor behind growth in the industry from 2017 to 2021 may be the low mortgage interest rates of those years, which stimulated demand for new single-family housing.
32. Building Inspection Services
> Establishment growth, 2017 to 2021: +17.5%
> Total establishments, 2021: 7,717
> Total employees, 2021: 26,290
> Avg. annual pay, 2021: $53,765
The growth of the building inspection services industry can be attributed to the overall increase in construction activity. As construction projects have surged, there has been a greater demand for inspections to ensure compliance with building codes, safety regulations, and quality standards. The number of businesses in the industry rose 17.5% from 6,565 in 2017 to 7,717 in 2021, among the fastest expansions of any industry.
One other factor behind growth in the industry may be implementation of more stringent building regulations and safety requirements. Governments and regulatory bodies have become more vigilant in ensuring that construction projects meet the necessary standards, leading to an increased need for inspections.
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31. Flight Training
> Establishment growth, 2017 to 2021: +17.9%
> Total establishments, 2021: 1,148
> Total employees, 2021: 16,916
> Avg. annual pay, 2021: $68,450
The growth of the flight training industry can be attributed to the rising demand for pilots in the aviation sector. As the airline industry expands and older pilots retire, there is a need for new pilots to fill the vacancies. This demand has driven individuals to seek flight training services to pursue careers in aviation. The number of businesses in the industry rose 17.9% from 974 in 2017 to 1,148 in 2021.
One other factor behind growth in the industry may be growth in commercial aviation, including the expansion of airlines and the opening of new routes.
30. Dance Companies
> Establishment growth, 2017 to 2021: +17.9%
> Total establishments, 2021: 745
> Total employees, 2021: 8,170
> Avg. annual pay, 2021: $35,720
The growth of the dance companies industry can be attributed to the increasing interest and appreciation for dance as an art form. The popularity of dance shows, competitions, and events has led to a greater demand for dance companies to provide performances and entertainment. The number of businesses in the industry rose 17.9% from 632 in 2017 to 745 in 2021, among the fastest expansions of any industry.
Another factor behind growth in the industry may be availability of trained dancers and choreographers. Dance schools, conservatories, and training programs have produced a pool of talented performers who are ready to join professional dance companies, expanding the supply of skilled dancers.
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29. Sound Recording Studios
> Establishment growth, 2017 to 2021: +18.3%
> Total establishments, 2021: 2,177
> Total employees, 2021: 5,748
> Avg. annual pay, 2021: $78,097
The growth of the sound recording studios industry can be attributed to the rising demand for audio content in various forms, including music, podcasts, audiobooks, and voice-overs. The digital age has provided consumers with easier access to audio content, leading to a greater need for professional sound recording services. The number of businesses in the industry rose 18.3% from 1,840 in 2017 to 2,177 in 2021, among the fastest expansions of any industry.
One other factor behind growth in the industry may be growth of the music streaming industry. Streaming platforms have created opportunities for artists and musicians to reach a wider audience, resulting in a surge in music production and the need for high-quality recording facilities.
28. Wireless Telecommunications Carriers (except Satellite)
> Establishment growth, 2017 to 2021: +18.6%
> Total establishments, 2021: 25,485
> Total employees, 2021: 270,285
> Avg. annual pay, 2021: $71,324
The growth of the wireless telecommunications carriers industry can be attributed to the increasing adoption of mobile devices, including smartphones and tablets. As more individuals rely on mobile devices for communication, internet access, and various services, the demand for wireless telecommunications carriers to provide reliable and fast connectivity has surged. The number of businesses in the industry rose 18.6% from 21,482 in 2017 to 25,485 in 2021, far greater than the national business establishment growth of 3.7%.
Additionally, the growth of the wireless telecommunications carriers industry has been supported by significant investments in network infrastructure. Carriers have invested in expanding and upgrading their networks, deploying additional cell towers, and improving coverage to meet the increasing demand for wireless connectivity.
27. Farm Product Warehousing and Storage
> Establishment growth, 2017 to 2021: +19.1%
> Total establishments, 2021: 680
> Total employees, 2021: 8,174
> Avg. annual pay, 2021: $54,848
The growth of the farm product warehousing and storage industry can be attributed to the increased agricultural production. As agricultural activities have expanded to meet the rising global demand for food, there has been a need for adequate storage facilities to handle and preserve farm products. The number of businesses in the industry rose 19.1% from 571 in 2017 to 680 in 2021.
Also, the growth of the farm product warehousing and storage industry has been supported by the expansion of storage capacity. Storage facilities have been constructed or upgraded to meet the increasing demand for storage services. Investments in infrastructure and technology have enabled the industry to provide efficient and modern storage solutions.
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26. Administrative Management and General Management Consulting Services
> Establishment growth, 2017 to 2021: +20.0%
> Total establishments, 2021: 94,116
> Total employees, 2021: 706,811
> Avg. annual pay, 2021: $119,290
The growth of the administrative management and general management consulting services industry can be attributed to the increasing complexity of business operations. As businesses face ever-changing market dynamics, technological advancements, and regulatory complexities, there has been a growing demand for expert advice and consulting services to navigate these challenges and optimize their operations. The number of businesses in the industry rose 20.0% from 78,449 in 2017 to 94,116 in 2021, among the fastest expansions of any industry.
Another factor behind growth in the industry may be the growth in consulting experts. Consulting firms and professionals bring a wealth of industry-specific knowledge, management experience, and best practices to assist businesses in solving complex problems, improving operational efficiency, and driving strategic initiatives.
25. Motion Picture and Video Production
> Establishment growth, 2017 to 2021: +20.0%
> Total establishments, 2021: 17,269
> Total employees, 2021: 125,134
> Avg. annual pay, 2021: $105,946
The growth of the motion picture and video production industry can be attributed to the increased demand for content across various platforms, including streaming services, television, and online platforms. Over the past few years, the number of businesses in the industry rose 20.0% from 14,394 in 2017 to 17,269 in 2021.
One other factor behind growth in the industry may be expansion of the entertainment industry. The entertainment industry has experienced significant growth, with a greater focus on creating original content. This expansion has led to increased investments in motion picture and video production, as studios and production companies strive to meet the growing demand for films, television shows, documentaries, and online videos.
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24. Convenience Stores
> Establishment growth, 2017 to 2021: +20.2%
> Total establishments, 2021: 34,170
> Total employees, 2021: 153,456
> Avg. annual pay, 2021: $22,010
Convenience stores have experienced growth due to changing consumer preferences. Busy lifestyles and the need for quick and convenient shopping experiences have driven consumers to opt for easily accessible stores that offer a wide range of products and services. Over the past few years, the number of businesses in the industry rose 20.2% from 28,430 in 2017 to 34,170 in 2021.
Another factor behind growth in the industry may be diversification of product offerings. Convenience stores have expanded their product offerings to cater to a wider customer base. Many stores now provide not only basic groceries but also fresh food, ready-to-eat meals, and a variety of snacks and beverages. This diversification has attracted more customers and increased sales.
23. Educational Support Services
> Establishment growth, 2017 to 2021: +21.5%
> Total establishments, 2021: 10,729
> Total employees, 2021: 108,384
> Avg. annual pay, 2021: $62,408
The educational support services industry has experienced growth due to the rising demand for supplemental education. Parents and students seek additional academic support outside of traditional schooling, such as tutoring, test preparation, and enrichment programs, to enhance learning outcomes and improve academic performance. The number of businesses in the industry rose 21.5% from 8,834 in 2017 to 10,729 in 2021, among the fastest expansions of any industry.
One other factor behind growth in the industry may be focus on lifelong learning. There has been a growing emphasis on lifelong learning and continuous skill development. Individuals, including working professionals and adult learners, are turning to educational support services to acquire new skills, improve job prospects, and stay competitive in the ever-changing job market.
22. Pet Care (except Veterinary) Services
> Establishment growth, 2017 to 2021: +21.8%
> Total establishments, 2021: 22,622
> Total employees, 2021: 126,855
> Avg. annual pay, 2021: $27,186
The growing number of households owning pets has fueled the demand for pet care services. As more individuals and families choose to have pets, there is a greater need for services such as pet grooming, boarding, daycare, and training. The number of businesses in the industry rose 21.8% from 18,577 in 2017 to 22,622 in 2021.
Also, the pet care industry has expanded its range of services beyond traditional offerings. Pet care providers now offer specialized services such as luxury boarding facilities, pet spas, pet transportation, and personalized pet training. This diversification has attracted a wider customer base and contributed to industry growth.
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21. Roofing Contractors
> Establishment growth, 2017 to 2021: +22.1%
> Total establishments, 2021: 23,690
> Total employees, 2021: 201,727
> Avg. annual pay, 2021: $59,915
The growth in the construction industry, particularly in residential and commercial sectors, has created a higher demand for roofing contractors. The number of businesses in the industry rose 22.1% from 19,396 in 2017 to 23,690 in 2021.
With the industry growth, employment grew, attracting and training workers to meet the needs of the market.
20. Residential Remodelers
> Establishment growth, 2017 to 2021: +23.5%
> Total establishments, 2021: 127,824
> Total employees, 2021: 424,819
> Avg. annual pay, 2021: $52,310
The rise in homeownership rates has led to a higher demand for residential remodelers. As more individuals and families become homeowners, they often seek to personalize and improve their properties through remodeling projects. Over the past few years, the number of businesses in the industry rose 23.5% from 103,504 in 2017 to 127,824 in 2021.
One other factor behind growth in the industry may be aging housing stock, which has created a demand for remodeling services. Many existing homes require renovations and updates to modernize their design, improve functionality, and address maintenance issues. Homeowners turn to residential remodelers to carry out these projects.
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19. Retail Bakeries
> Establishment growth, 2017 to 2021: +24.8%
> Total establishments, 2021: 8,632
> Total employees, 2021: 88,182
> Avg. annual pay, 2021: $30,948
The increasing demand for artisanal and specialty baked goods has driven the growth of the retail bakeries industry. Consumers have shown a growing interest in unique and high-quality bakery products, including custom cakes, pastries, and bread, which has created opportunities for retail bakeries to expand their offerings. The number of businesses in the industry rose 24.8% from 6,915 in 2017 to 8,632 in 2021, far greater than the national business establishment growth of 3.7%.
One other factor behind growth in the industry may be convenience and indulgence. Busy lifestyles and a desire for convenience have led consumers to rely more on retail bakeries, which provide a convenient option for consumers without the need for extensive preparation.
18. Finfish Fishing
> Establishment growth, 2017 to 2021: +25.3%
> Total establishments, 2021: 1,516
> Total employees, 2021: 3,105
> Avg. annual pay, 2021: $88,305
The growing awareness of the health benefits associated with consuming seafood has driven the demand for finfish. Consumers are seeking out fresh, high-quality seafood products, including various finfish species, as part of their balanced diets. The number of businesses in the industry rose 25.3% from 1,210 in 2017 to 1,516 in 2021.
One other factor behind growth in the industry may be culinary trends and cultural preferences. The popularity of seafood dishes, such as sushi, ceviche, and grilled fish, has contributed to the demand for finfish in restaurants and households. Culinary trends that emphasize the use of fresh and sustainable ingredients have further boosted the demand for locally caught finfish.
17. Independent Artists, Writers, and Performers
> Establishment growth, 2017 to 2021: +25.4%
> Total establishments, 2021: 36,108
> Total employees, 2021: 51,041
> Avg. annual pay, 2021: $196,429
The rise of digital platforms and streaming services has provided independent artists, writers, and performers with greater opportunities to showcase and distribute their work. These platforms have expanded the reach of independent content, allowing artists to connect directly with their audience and bypass traditional gatekeepers. The number of businesses in the industry rose 25.4% from 28,786 in 2017 to 36,108 in 2021.
Also, advancements in technology have made it easier and more affordable for independent artists to create and produce their work. From digital recording equipment to editing software, artists now have access to professional-grade tools that were once exclusive to major studios. This has lowered barriers to entry and empowered artists to create and distribute their work independently.
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16. Motion Picture and Video Distribution
> Establishment growth, 2017 to 2021: +27.3%
> Total establishments, 2021: 461
> Total employees, 2021: 2,559
> Avg. annual pay, 2021: $132,069
The demand for a wide range of content, including films and videos of different genres, languages, and cultural backgrounds, has contributed to the growth of the motion picture and video distribution industry. Over the past few years, the number of businesses in the industry rose 27.3% from 362 in 2017 to 461 in 2021.
One other factor behind growth in the industry may be expansion of digital platforms. The rise of digital platforms, such as streaming services and online video-on-demand platforms, has created new opportunities for motion picture and video distribution. These platforms offer a convenient and accessible way for audiences to consume content, leading to increased demand for distribution companies to provide their titles on these platforms.
15. Marketing Consulting Services
> Establishment growth, 2017 to 2021: +28.2%
> Total establishments, 2021: 48,009
> Total employees, 2021: 262,204
> Avg. annual pay, 2021: $78,974
With the rise of digital technologies and the expansion of online platforms, marketing has become more complex. Businesses are seeking specialized expertise to navigate the evolving landscape and effectively reach their target audiences. This has led to a growing demand for marketing consulting services to provide strategic guidance and insights. The number of businesses in the industry rose 28.2% from 37,454 in 2017 to 48,009 in 2021, among the fastest expansions of any industry.
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14. Nail Salons
> Establishment growth, 2017 to 2021: +28.5%
> Total establishments, 2021: 32,078
> Total employees, 2021: 122,646
> Avg. annual pay, 2021: $25,034
There has been an increasing emphasis on personal grooming and self-care, with a particular focus on nail care and aesthetics, leading to greater demand for nail salons. The number of businesses in the industry rose 28.5% from 24,955 in 2017 to 32,078 in 2021, among the fastest expansions of any industry.
Additionally, nail salons have expanded their service offerings beyond basic manicures and pedicures. Many salons now provide additional services like nail extensions, gel polish, nail art, and spa treatments. This diversification has attracted a wider customer base and increased the appeal of nail salons as comprehensive beauty and pampering destinations.
13. Record Production and Distribution
> Establishment growth, 2017 to 2021: +28.6%
> Total establishments, 2021: 877
> Total employees, 2021: 10,079
> Avg. annual pay, 2021: $173,769
The increasing popularity of streaming platforms and digital music consumption has led to a surge in demand for recorded music. With the ease of accessing music through online platforms, consumers have shown a greater inclination towards streaming and downloading music, resulting in increased demand for record production and distribution. The number of businesses in the industry rose 28.6% from 682 in 2017 to 877 in 2021, far greater than the national business establishment growth of 3.7%.
Another factor behind growth in the industry may be technological advancements, which made it more accessible and affordable for artists and record producers to create high-quality recordings. This has led to an increase in the number of recording studios and production facilities, contributing to the growth of the industry.
12. Offices of Real Estate Agents and Brokers
> Establishment growth, 2017 to 2021: +30.1%
> Total establishments, 2021: 158,902
> Total employees, 2021: 383,471
> Avg. annual pay, 2021: $82,226
The robust growth of the housing market, driven by factors such as low mortgage rates and favorable economic conditions during the years considered, has led to more individuals and families seeking to buy or sell properties. This has led to a surge in demand for real estate agents and brokers.. Over the past few years, the number of businesses in the industry rose 30.1% from 122,154 in 2017 to 158,902 in 2021.
One other factor behind growth in the industry may be population growth and urbanization. The steady population growth, coupled with urbanization trends, has fueled the demand for real estate services. As cities expand and attract more residents, the need for real estate agents and brokers to assist in property transactions, relocation, and finding suitable housing options has grown.
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11. Refrigeration Equipment and Supplies Merchant Wholesalers
> Establishment growth, 2017 to 2021: +32.5%
> Total establishments, 2021: 1,199
> Total employees, 2021: 11,694
> Avg. annual pay, 2021: $74,531
The expansion of the food and beverage industry, including restaurants, cafes, grocery stores, and food processing facilities, has driven the demand for refrigeration equipment and supplies. These establishments require refrigeration systems to store and preserve perishable goods, creating a steady demand for products offered by refrigeration equipment and supplies merchant wholesalers. The number of businesses in the industry rose 32.5% from 905 in 2017 to 1,199 in 2021.
Also, advancements in refrigeration technology have improved energy efficiency, temperature control, and storage capacity of refrigeration equipment. These innovations have made refrigeration systems more appealing to businesses and industries, leading to an increased supply of refrigeration equipment and supplies from merchant wholesalers.
10. Electronic Shopping and Mail-Order Houses
> Establishment growth, 2017 to 2021: +32.8%
> Total establishments, 2021: 55,085
> Total employees, 2021: 734,096
> Avg. annual pay, 2021: $59,048
The rapid growth of e-commerce has been a significant driver for the electronic shopping and mail-order houses industry. Consumers’ preference for online shopping, convenience, and wider product selection has led to a surge in demand for electronic shopping platforms. Over the past few years, the number of businesses in the industry rose 32.8% from 41,490 in 2017 to 55,085 in 2021.
Also, advancements in technology have played a crucial role in the growth of the electronic shopping and mail-order houses industry. Improved website functionality, secure payment gateways, efficient inventory management systems, and enhanced logistics solutions have made online shopping more seamless and reliable. These technological advancements have allowed businesses in the industry to offer better services, attract more customers, and scale their operations.
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9. Barber Shops
> Establishment growth, 2017 to 2021: +32.8%
> Total establishments, 2021: 6,838
> Total employees, 2021: 26,118
> Avg. annual pay, 2021: $29,093
There has been a growing emphasis on personal grooming and self-care, leading to increased demand for barber shop services. Consumers are increasingly valuing well-maintained hairstyles, beard grooming, and overall grooming experiences. This trend has fueled the demand for barber shops as individuals seek professional services to achieve their desired look. The number of businesses in the industry rose 32.8% from 5,148 in 2017 to 6,838 in 2021.
8. General Freight Trucking, Local
> Establishment growth, 2017 to 2021: +33.0%
> Total establishments, 2021: 41,896
> Total employees, 2021: 294,834
> Avg. annual pay, 2021: $47,024
The rise of e-commerce has significantly impacted the demand for local freight trucking services. With the growth of online shopping, there has been a surge in the need for efficient transportation of goods from distribution centers to local customers, leading to growth in the freight trucking industry. Over the past few years, the number of businesses in the industry rose 33.0% from 31,490 in 2017 to 41,896 in 2021.
One other factor behind growth in the industry may be urbanization and population growth. As cities expand, so does the need for goods to be transported within these areas. Local freight trucking companies have capitalized on this trend by offering convenient and cost-effective transportation solutions to businesses and individuals in urban centers.
7. Tobacco Stores
> Establishment growth, 2017 to 2021: +36.7%
> Total establishments, 2021: 14,512
> Total employees, 2021: 50,153
> Avg. annual pay, 2021: $26,282
Despite growing awareness of the health risks associated with tobacco use, there has been a sustained demand for tobacco products. Factors such as addiction, social habits, and cultural influences contribute to the demand for tobacco products, driving the growth of the tobacco stores industry. The number of businesses in the industry rose 36.7% from 10,618 in 2017 to 14,512 in 2021, among the fastest expansions of any industry.
One other factor behind growth in the industry may be product diversification with the introduction of various tobacco-related products such as e-cigarettes, vaping devices, and smokeless tobacco. This diversification has expanded the range of offerings in tobacco stores, attracting a broader customer base and contributing to the growth of the industry.
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6. Document Preparation Services
> Establishment growth, 2017 to 2021: +40.7%
> Total establishments, 2021: 5,521
> Total employees, 2021: 39,087
> Avg. annual pay, 2021: $37,565
The growing complexity of legal and administrative procedures, such as immigration, estate planning, and business registrations, has created a higher demand for professional assistance in document preparation. Individuals and businesses seek specialized services to navigate the intricacies of paperwork and ensure compliance with regulations. Over the past few years, the number of businesses in the industry rose 40.7% from 3,923 in 2017 to 5,521 in 2021.
Another factor behind growth in the industry may be entrepreneurial opportunities. The relatively low barrier to entry, compared to other professional services, attracts individuals seeking to establish their own businesses. The availability of such opportunities has contributed to the growth of the industry as more entrepreneurs enter the market.
5. Breweries
> Establishment growth, 2017 to 2021: +46.0%
> Total establishments, 2021: 4,825
> Total employees, 2021: 81,483
> Avg. annual pay, 2021: $48,516
There has been a significant shift in consumer preferences towards craft beer and unique flavor profiles. Consumers are increasingly seeking high-quality, locally brewed beers with distinct characteristics, leading to higher demand for breweries that can offer a diverse range of craft beers to cater to the evolving tastes of consumers. Over the past few years, the number of businesses in the industry rose 46.0% from 3,305 in 2017 to 4,825 in 2021.
Also, the breweries industry offers attractive entrepreneurial opportunities, particularly for individuals passionate about craft beer. Favorable regulations, such as the easing of licensing requirements and the availability of specialized brewing equipment, have encouraged aspiring brewers to start their own breweries. The combination of entrepreneurial spirit and supportive regulations has contributed to the growth of the industry.
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4. Distilleries
> Establishment growth, 2017 to 2021: +49.6%
> Total establishments, 2021: 1,171
> Total employees, 2021: 19,068
> Avg. annual pay, 2021: $67,260
There has been a significant rise in consumer interest in craft spirits, driven by a desire for unique, high-quality, and locally produced alcoholic beverages. Consumers are seeking artisanal spirits with distinct flavors and production methods, which has led to a surge in demand for products from distilleries. Over the past few years, the number of businesses in the industry rose 49.6% from 783 in 2017 to 1,171 in 2021.
Also, the distilleries industry presents attractive entrepreneurial opportunities for individuals passionate about spirits and distilling. Favorable regulations, including the easing of licensing requirements and the growth of craft spirits legislation, have created a conducive environment for aspiring distillers to start their own operations. This has led to an increase in the number of distilleries.
3. General Freight Trucking, Long-Distance, Truckload
> Establishment growth, 2017 to 2021: +53.9%
> Total establishments, 2021: 57,000
> Total employees, 2021: 573,674
> Avg. annual pay, 2021: $55,213
The rapid growth of e-commerce has driven the demand for long-distance truckload transportation services. As online shopping continues to gain popularity, there is a greater need for efficient and reliable transportation of goods from distribution centers to consumers across the country. General freight trucking, long-distance, truckload companies play a crucial role in meeting this demand by providing timely and cost-effective delivery services. The number of businesses in the industry rose 53.9% from 37,029 in 2017 to 57,000 in 2021, far greater than the national business establishment growth of 3.7%.
Another factor behind growth in the industry may be expansion of fleet capacity to meet the growing demand for long-distance truckload services. This expansion includes adding new trucks and trailers to their fleets, investing in advanced logistics technologies, and hiring additional drivers and staff. Increased fleet capacity has allowed these companies to take on more shipments and fulfill the rising demand.
2. Advertising Material Distribution Services
> Establishment growth, 2017 to 2021: +73.1%
> Total establishments, 2021: 1,246
> Total employees, 2021: 10,599
> Avg. annual pay, 2021: $93,216
Businesses have been allocating more funds to marketing and advertising activities to reach their target audiences effectively. This has resulted in a higher demand for advertising material distribution services, which deliver promotional materials, such as brochures, flyers, and product samples, to targeted locations and demographics. Over the past few years, the number of businesses in the industry rose 73.1% from 720 in 2017 to 1,246 in 2021.
Also, advertising material distribution services have improved their distribution networks and logistics capabilities to meet the growing demand. They have invested in advanced tracking systems, efficient delivery routes, and optimized warehousing and storage facilities. These enhancements have allowed them to provide reliable and timely distribution services, attracting more clients and supporting industry growth.
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1. Mobile Food Services
> Establishment growth, 2017 to 2021: +88.2%
> Total establishments, 2021: 10,134
> Total employees, 2021: 26,594
> Avg. annual pay, 2021: $28,010
The demand for food trucks has been driven by shifting consumer preferences towards convenience, variety, and unique dining experiences. Consumers increasingly seek out diverse and innovative food options, and mobile food services provide a platform for food entrepreneurs to offer a wide range of cuisines and flavors in a convenient and accessible manner. Over the past few years, the number of businesses in the industry rose 88.2% from 5,386 in 2017 to 10,134 in 2021.
One other factor behind growth in the industry may be urbanization and population density. The growth of urban areas and increasing population density have created a favorable environment for mobile food services. Urban dwellers often have busy lifestyles and limited time for traditional sit-down dining experiences. Mobile food services cater to this demographic by providing quick and accessible food options, especially in locations such as office complexes, parks, and busy street corners.
Methodology
To determine the fastest growing small business opportunities, 24/7 Wall St. reviewed data on business establishment growth by industry from the U.S. Census Bureau’s County Business Patterns program. Detailed industries were ranked based on the percentage change in establishments from 2017 to 2021. Only industries in which the average establishment size was less than 20 employees were considered. Additionally, industries within the finance and insurance, health care and social assistance, mining, quarrying, and oil and gas extraction, or utilities sectors were excluded. Supplemental data on employee counts and average annual payroll also came from the CBP.
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