evergreen industry

English

Noun

evergreen industry (plural evergreen industries)

1. (business) A business in a market that is always viable.
   • 1998, ENR - Volume 240, Issues 21-26, page 3:

     Parking is an evergreen industry with plenty of projects projected and underway.

   • 2012, Anthony Scaramucci, The Little Book of Hedge Funds, →ISBN, page 3:

     Granted, it is a small, young industry that is still undergoing a maturation process, but this is an evergreen industry that has a big impact on the market and investors.

   • 2013, Robert Ash, Christopher Howe, Y Y Kueh, China's Economic Reform: A Study with Documents, →ISBN:

     But a traditional industry is not a sunset industry. The textile industry is both an old industry and an evergreen industry.