Top Industries For Small Businesses
Based on available data points on the estimated market sizes and the number of small businesses operating in the industry, five of the top industries for small businesses include laundry, animal production, funeral, pest control, and pet care. The section below shows the estimated number of small businesses and industry sales (expressed in market size values) for each of these industries. No data points were found on the percentage of product sales of these industries.
Laundry Facilities & Dry Cleaning
39,031-58 = 38,973 small businesses
Estimated Market Size: $851.4 billion
61,156-158 = 60,998 small businesses
Estimated Market Size: $451.4 billion
27,320-36 = 27, 284 small businesses
.Estimated Market Size: $15.7 billion
Pest Control Services
30,416-101 = 30, 315 small businesses
Estimated Market Size: $17.4 billion
Pet Care Services
52,777-19 = 52,758 small businesses
Estimated Market Size: $7.4 billion
To determine five of the top industries for small businesses, we searched lists that ranked industries based on the given parameters on industry sales and the number of small businesses. We looked through various industry publications, business publications, and other similar sources. Based on this search approach, we were not able to find lists of industries that were ranked based on the given criteria. What we found were several reports and articles that recommend the best industries for small businesses in general.
We then looked through various government databases such as SBA, Data Gov, and other similar sources to determine if there are databases or reports that we can sort to identify the top industries based on the data points of small businesses. However, we were not able to find a comprehensive report or table to determine the top industries based on the number of small businesses and the industries' market sizes.
We then searched various business directories such as Craft, DNB, ZoomInfo, and others to determine if we can use their filters to determine the top industries for small businesses based on the given criteria. We also searched market research reports such as those from Ibisworld, Statista, MarketsandMarkets, and others to find any relevant information to triangulate the required information. Based on this search approach, we were able to find some data points from DNB on the number of businesses for various industries in the U.S. We then filtered those companies who are earning $7.5 million and below to get an approximate number of small businesses for each of the industries we selected that can meet the given criteria. As for the industry sales, we found reports from IBISWorld on market sizes for each industry to represent the industry sales. We were not able to find the breakdown of the earnings from products versus services for each of these industries.