Growth Industry

What Does Growth Industry Mean?
A sector of the economy experiencing a higher-than-average growth rate.

Investopedia explains Growth Industry
If companies across an industry exhibit solid earnings and revenue figures, that industry may be showing signs that it is in its growth stage.

Growth industries tend to be composed of relatively volatile and risky stocks. Often investors must be willing to accept increased risk in order to take part in the potentially large gains offered by stocks within a particular growth industry.