Skip to main content
A photo montage of small business owners.

What’s trending in small business?

2010 may not seem like that long ago, but in the past nine years we’ve seen some significant changes in the Australian business landscape, with some sectors trending upwards while others are in decline.

Back in 2010, we were eagerly awaiting the outcome to TV series Lost, Julia Gillard had replaced Kevin Rudd as the Prime Minister, and the AFL grand final resulted in a draw between Collingwood and St Kilda for only the third time in history.

ButcherIf you were looking to start a small business in 2010, according to the search data from our free online Business Licence Finder, the most popular sectors were:

  • Florists
  • Newsagencies
  • Butchers
  • Pool cleaning

Fast forward to 2019, and small businesses trending upwards have a much larger focus on information and professional services, with the most popular sectors now being:

  • Graphic designerConsulting services
  • Fitness and personal training
  • Vending machinery
  • Chiropractic services
  • Craft goods
  • Graphic design
  • Naturopathy
  • Tutoring
  • Solar
  • Tour guide operator

According to IBIS World data, the top growth industries in the Australian business sector during the past 12 months have been:

Industry Percentage growth
Solar electricity generation 116%
Ride sharing services 81%
Oil and gas extraction 50%
Liquefied natural gas production 39%
Railway track construction 27%

And the fastest moving business industries in Australia are:

  • Cryptocurrency exchange
  • Car sharing provider
  • Solar electricity generation
  • Online food ordering/delivery
  • Data storage

Looking for more information on business trends?

We provide a range of free information and services for current and aspiring business owners in Western Australia, including:

  • Access to market research information including IBISWorld industry reports that outline industry trends, market research and statistics to help you make better business decisions.
  • Help in finding information via the Australian Bureau of Statistics.
  • Australian benchmarking data and research reports so you can see how your net profit compares with industry averages.

Contact us if you’d like to access this information.

About the Business Licence Finder

If you’re looking to start a business, or are planning to make some changes to the products and services you provide, our free online Business Licence Finder can be used at any time to help you discover the licences and permits you need.

Last updated on:

Get the latest SBDC small business news