Data Releases

Sageworks is the leading source of current industry data on privately held companies. To receive our latest data by email, sign up for our data releases. Before using Sageworks' data please view our citation guidelines.

Industries to watch in 2013


January 3 , 2013 –Sageworks, a financial information company, conducted a financial statement analysis of private companies to identify the fastest growing industries during the last 12 months. These industries had dramatically higher growth than the average growth rate for private companies, which was at 9 percent, according to current data by Sageworks.

Since manufacturing played a pivotal role in the economic recovery, it’s no surprise that several manufacturing industries are among the fastest-growing over the last 12 months, based on current estimates. Machinery equipment wholesalers (NAICS 4238), machine shops (NAICS 3327), architectural and structural metals manufacturing (NAICS 3323) and industrial machinery manufacturing (NAICS 3332) are among the top 10 fastest growers.
“It’s possible that those are tied together, as businesses have started to use some of their cash to invest in needed equipment and upgrades,” said Sageworks analyst Brad Schaefer. “All of those took really big hits in 2009 because companies weren’t investing in a lot of equipment.”
Of the other industries in the top 10 strongest growing industries over the last 12 months, several are related to petroleum and other forms of energy. Schaefer noted that the oil boom in the Northwest Plains, increased shallow water drilling in the Gulf of Mexico and other operations are providing new opportunities for these companies to expand their drilling operations.
Support activities for mining (NAICS code 2131), which includes drilling and making geological observations at prospective mineral, oil and gas sites, grew almost 32 percent over the last 12 months. Meanwhile, the high price of oil during 2012 has contributed to 27 percent revenue growth among petroleum and petroleum product wholesalers (NAICS 4247) and 18 percent growth among gasoline stations (NAICS 4471).
An industry with strong growth for the past 12 months is not guaranteed to grow at the same rate going forward, Schaefer noted. Nonetheless, drivers of this recent growth may yield clues on where future growth might be seen.
Schaefer noted that the increasing dependence U.S. companies have on computers could have contributed to the nearly 18 percent growth seen by computer systems design and related services (NAICS 5415) during the last 12 months. It might also be a reason why this industry has performed well for the last several years.
“It’s been steady since 2010,” Schaefer said of revenue growth for this industry. “Even in 2009, when almost all industries had sales declines, computer systems design grew about 4 percent, which usually signifies a stable industry.”
Employment services (NAICS 5613), which grew sales by almost 18 percent over the last 12 months, is another industry that could have benefited from some of the same revenue drivers, Schaefer said.
“I see the employment services industry doing fairly well again, just because a lot of people are still uncertain about the economy and the political atmosphere, which contributes to businesses hiring temporary or contract workers instead of full-time employees,” he said. “I don’t think that’s something that’ll go away for the next year.”
 Fastest growing industries (private companies only)
NAICS code – Industry
Sales Growth
Last 12 mo.
2131 - Support Activities for Mining
4247 - Petroleum and Petroleum Products Merchant Wholesalers
3332 - Industrial Machinery Manufacturing
1121 - Cattle Ranching and Farming
3323 - Architectural and Structural Metals Manufacturing
3335 - Metalworking Machinery Manufacturing
3327 - Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing
5613 - Employment Services
4471 - Gasoline Stations
5415 - Computer Systems Design and Related Services
4238 - Machinery, Equipment, and Supplies Merchant Wholesalers
About the Data
Sageworks aggregates private-company financial statements from accounting firms, banks, and credit unions through a cooperative data model with their clients.The data is segmented and can be queried by 1,200 industry codes, 70 financial metrics, company size, and ’geographic location.
About Sageworks, Inc.
Raleigh, NC-based Sageworks is a financial information company. Sageworks’ data and applications are used by thousands of accounting firms and banks across North America. The company has been named to the Inc. 500 list of the fastest growing privately held companies in the U.S. and to the Deloitte Technology Fast 500. 
Media Contact
Media Relations / Email: / Phone: 919.851.7474 ext. 590 / Twitter: @sageworks