Definition of growth area in English:

growth area

noun

  • 1A commercial field that is developing rapidly.

    ‘advertising on devices is now the key growth area for every publisher’
    • ‘Retail warehousing is expected to be a major growth area over the next decade.’
    • ‘Wireless communications is still a growth area.’
    • ‘One of the growth areas in the fraud scene is credit card skimming or cloning.’
    • ‘Look for metrics in the revenue growth areas of customer-facing applications.’
    • ‘E-commerce is the biggest growth area for the company.’
    • ‘We feel that sales is going to be the growth area in 2002.’
    • ‘One of its largest growth area lies in the flavored milk category.’
    • ‘Moving upmarket, there is Irish provincial silver, the single growth area in this field.’
    • ‘One of the biggest growth areas for tech companies has been in new identity cards.’
    • ‘Yogurt is one of the biggest growth areas in the consumer goods food channel.’
    1. 1.1 A geographical area that is designated for or is experiencing an increase in economic activity.
      ‘the plan identifies Edgbaston and Selly Oak as a major growth area’
      • ‘US banks are rumoured to be examining Ireland as a growth area for private client business.’
      • ‘The brewing company was looking at strengthening its presence in growth areas such as Zambia.’
      • ‘The major growth area of the world, the Far East, is a buoyant source of demand for German capital goods.’
      • ‘The hottest growth area has been China, which clocked sizzling year-on-year increases of more than 20 per cent in April and May.’
      • ‘Asia is a very attractive and strong growth area.’
      • ‘The survey highlighted the Midlands as a potential growth area for retailers, but it did expect this growth rate to ease over the next six months.’
      • ‘It went to high growth areas such as Ireland, the US, South East Asia, and Latin America.’
      • ‘The group is developing economic ties in the Asia Pacific region—a potential growth area that is rapidly garnering interest among Ireland's business community.’
      • ‘We supply couture houses throughout the world, including Latin America—which represents the largest growth area for our business.’
      • ‘At the same time, the 1,022-acre Flagler Center is in a growth area and will become more accessible with the interchange.’