Key Industries (2024)

Five focus sectors for the Frankfurt Rhine-Main region

Chemicals,Pharma,Life Science Financial Services IT, Telecommunications Creative Industry Logistics, Mobility

Chemicals, Pharma and Life Sciences

FrankfurtRhineMain ranks amongst Germany’s leading locations for medical, pharmaceutical and industrial biotechnology as well as pharmaceutical research and development.

With the highest density of industrial parks in the entire country, the aforementioned industry sector represents the largest business field in the metropolitan region of FrankfurtRhineMain. Aside from the so-called House of Pharma, the FiZ Frankfurter Innovationszentrum Biotechnologie also offers smaller companies of the life sciences sector laboratory and office space with the aim of promoting innovation and growth.

Financial Services

Frankfurt is one of the world’s leading financial centres. Nowhere in Germany does one find such a diversity of financial service providers as here in Europe’s smallest metropolis.

Aside from various leading German financial institutions, “Mainhattan” also has representations of the vast majority of global banks and credit institutes. Home to the Deutsche Bundesbank, the European Central Bank and the German Stock Exchange, Frankfurt is continental Europe’s most important finance capital.

IT and Telecommunications

Frankfurt has become the “digital heart” of Europe, a bustling national and international data hub.

With the second largest density of data centres in Europe, Frankfurt occupies an important position in the IT and telecommunications sector. Measured by data flow, the city is in fact the world’s largest Internet junction, a place where national and international data networks intersect. Aside from Deutsche Telekom’s proprietary network, the metropolis on the River Main also has an 800-km fibre-optic network that is continuously being expanded. What’s more, Frankfurt is also home to De-CIX, the world’s largest data exchange.The DE-CIX processes 90% of all domestic and 35% of all European internet traffic.

Creative Industry

Frankfurt is a creative hub.

The metropolis on the River Main is home to a number of leading international network agencies specialising in the areas of advertising and communication. From here, these agencies manage large-scale, global advertising budgets and develop media-effective campaigns. Countless smaller Frankfurt agencies, many of them owner-operated, dispose over high degrees of thematic specialisation. For example, the large concentration of game developers and publishers based in Frankfurt Rhine-Main is second to none in Germany.

Logistics and Mobility

Frankfurt is known as the centre of the German logistics and mobility industries.

With one of Europe’s largest airports, Germany’s busiest train station and a well-developed motorway network, Frankfurt disposes over an ideal traffic and transport infrastructure, one that has expanded significantly over time. Meanwhile, the positive development of the logistics and mobility industries based in the region has led many leading national and international research centres and training institutions to establish themselves in FrankfurtRheinMain.

Key Industries (2024)

FAQs

What are key industries? ›

: an industry (as the production of machine tools or chemicals) whose output is essential to the successful operation of many other industries.

What are the basic or key industries? ›

Basic or key industries are those which supply their products or raw materials to manufacture other goods. Examples — iron and steel industry aluminium smelting industry.

What is the best industry to get into right now? ›

Understanding what industries can meet your expectations and provide positive career results will help you anticipate a successful career in your chosen field.
  • What are the best industries to work in? Information Technology (IT) ...
  • Tech. ...
  • Education. ...
  • Accounting. ...
  • Finance. ...
  • Engineering. ...
  • Real Estate. ...
  • Government.

How do you figure out what industry you want to work in? ›

By reflecting on your values and interests, researching different industries, and considering your skills and experience, you can make an informed decision about which industry is the right fit for you. Don't be afraid to take some time to explore your options and try out different industries before making a decision.

What are the 4 main industries? ›

Financial services, such as banks and insurance companies. Real Estate, such as residential and commercial real estate. Industrials, such as manufacturing, machinery, and construction. Energy, which includes the production and supply of energy.

What are the 5 main types of industries? ›

Studying the 5 types of industries: primary, secondary, tertiary, quaternary, and quinery, is essential to understand the economic landscape. It helps identify growth sectors, job opportunities, and resource utilisation.

What industry is booming in 2024? ›

Fastest Growing Industries in the US in 2024
  • Major Smart Appliance Manufacturing in the US. ...
  • Fruit & Nut Farming in the US. ...
  • Solar Power in the US. ...
  • Kombucha Production in the US. ...
  • Online Gambling Services in the US. ...
  • Hybrid & Electric Vehicle Manufacturing in the US. ...
  • 3D Printing & Rapid Prototyping Services in the US.

What's the next booming industry? ›

According to Bureau of Labor Statistics data collected by our research team, industries in the leisure and hospitality sector and the health-care and social assistance sector are projected to have the biggest increase in employment in the U.S. between 2022 and 2032.

What is the #1 industry? ›

Manufacturing Industry

The manufacturing industry is one of the oldest industries in the world. It involves the production of goods and products. It is still a significant player in the global economy, costing $44.5 trillion. China, the United States, Japan, and Germany have the largest manufacturing industries.

Which industry has the most job openings? ›

1-Education and Health Services

According to Bramwell, this sector encompasses a wide range of job opportunities.

Why did you choose this industry best answer? ›

When answering “Why did you choose this career?” you can point out factors like growth prospects, job security, scope, etc to help make a valid explanation. A possible answer to this HR interview question can be, “I have always found a certain satisfaction in writing and knew I wanted to make a career in content.

How do I find an industry I love? ›

10 Tips for Finding a Job You Love
  1. Ask Self-Reflection Questions. ...
  2. Talk to Your Friends and Family. ...
  3. Understand Your Strengths and Weaknesses. ...
  4. Explore Different Careers. ...
  5. Learn Your Ideal Work Style. ...
  6. Find a Career Coach. ...
  7. Learn a New Skill. ...
  8. Identify Your Dealbreakers.
Sep 3, 2024

What are the 8 major industries? ›

The ICI measures the combined and individual performance of production of eight core industries viz. Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products and Steel. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

What are the 3 most important industries? ›

  • Most Critical Industries.
  • Utilities.
  • Mass Transit (Air and Rail)
  • Telecommunications.

What are key and footloose industries? ›

(i) A footloose industry is an industry which can be located anywhere like electronics, garments manufacturing, etc. A key industry is one that can be located in the areas of location of raw materials like iron and steel.

What are the 3 types of industry? ›

The 3 major types of industries are primary industry, secondary industry and tertiary industry. The industries which are involved in extraction of raw materials like the mining industry are categorized as the primary industry.

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