Based on the expert analysis and our database of 1,300+ US industries, IBISWorld presents a list of the Industries with Least Risky Business Environments in the US in 2024
Want to see more industries with least risky business environments?
View a list of the Top 25 industries with least risky business environmentsBusiness Environment Risk for 2024: 2.16
The industry, which includes establishments that grow marijuana for medical and recreational use, flourished over the five years to 2023. Legislative victories over recent years, proved that the cannabis industry is one of the fastest growing industries in the US. Consumer attitudes are also accelerating legalization efforts at the state level. Gallup reports that an estimated 80.0% of US citizens approve of legal access to medical marijuana, while 60.0% approve of full adult use legalization. The growing acceptance of medical marijuana is providing growers and investors with unprecedented opportunities. As a result, industry revenue increased at a CAGR of 30.5%... Learn More
Business Environment Risk for 2024: 2.30
The Medical and Recreational Marijuana Stores industry, which includes stores that retail medical marijuana (by prescription only) and recreational marijuana, has expanded dramatically over the past five years. The legalization of marijuana for medical and/or recreational purposes and the growing acceptance of legal marijuana use provided operators and investors with unprecedented opportunities. There has been no shortage of demand over recent years, and the cannabis industry has become one of the fastest-growing in the United States.
The legalization of recreational marijuana sales in several states has fueled revenue growth. Furthermore, the licensing of commercial recreational marijuana retailers has caused new entrants... Learn More
Business Environment Risk for 2024: 2.98
Shipbuilders design, build and repair ships and other vessels for military and commercial clients. Long project lead times, primarily for defense contracts, have led to a consistent flow of revenue, keeping shipyards busy with work. Defense budgets are set in advance and have increased yearly because of rising geopolitical tensions.
Shipbuilders are protected from foreign competition through protectionist policies like the Jones Act, which prohibits using foreign-built vessels on routes between US ports. While some military shipbuilders receive contracts from foreign countries, commercial shipbuilding is mainly domestic. An increase in US oil and gas production throughout the period has provided a... Learn More
Business Environment Risk for 2024: 3.18
Autonomous underwater vehicle (AUV) manufacturers serve several markets, with the most notable being the US government, more specifically, the Department of Defense (DoD). The DoD is an essential downstream client for AUV manufacturers since they provide manufacturers with stability through contracts. The other two clients are research and oil and gas companies, which use AUVs for more commercial applications. During the period, AUV manufacturers have experienced strong demand from all downstream clients, but government contracts and oil and gas companies stood out the most. 2020 was a roadblock for many industries. However, a massive influx of government funds helped revenue... Learn More
Business Environment Risk for 2024: 3.38
Wired telecommunications carriers offer local and long-distance voice services using the public switched telephone network and wholesale access to networks for use by companies that provide voice communication services to customers. Once the principal provider of voice communication services, numerous substitutes have siphoned revenue away such as wireless telephony and Voice over Internet Protocol (VoIP) technology. Carriers have also suffered due to the growing demand for fiber-optic broadband internet access. Shifting consumer preferences for newer technologies are estimated to hurt industry revenue. Industry-wide revenue has been declining at an average annualized 2.6% over the past five years and is expected... Learn More
Business Environment Risk for 2024: 3.38
Cell therapy isn't a new field, but only recent tech and medical advances have made cell therapies commercially available for patients. Since the first cell therapy received FDA approval just over a decade ago, cell therapy developers have been at the forefront of life sciences innovation, with interest and investment pouring into the field. But, the current regulatory environment hasn't kept up with the rapidly evolving cell therapy field. A lack of clarity in the regulatory guidelines for cell therapies creates confusion and uncertainty for manufacturers and developers. At the same time, a lengthy approval process delays patients' access to... Learn More
Business Environment Risk for 2024: 3.39
The Wind Power industry generates revenue from owning and operating wind farms and selling the energy they produce to downstream customers. Government tax credit assistance and state renewable portfolio standards (RPS) have supported the growth of renewable energy. Turbine technology has continued to advance, lowering the cost of equipment and allowing producers to generate high profit. Overall, industry revenue is set to grow at a CAGR of 11.8% to $136.2 billion through 2023, including a 9.6% increase in 2023 alone.
Production tax credits (PTC) offer renewable power generation a tax credit based on the kilowatt-hour of energy produced and have been... Learn More
Business Environment Risk for 2024: 3.41
The Solar Power industry owns and operates solar power-generating facilities in the form of either photovoltaic (PV) panels or solar thermal power stations. Solar power companies have gone through significant growth, propelled by improvements in the technologies used for electricity generation and government incentives, like the renewable portfolio standard (RPS) targets. RPS legislation requires local utility companies to diversify their portfolio and generate percentages of their energy production through renewable resources. Increases in public support for green energy led to tax incentives and grants to encourage investment in solar power. This has resulted in more companies powering facilities with solar... Learn More
Business Environment Risk for 2024: 3.42
The Hydroponic Growing Equipment Stores industry has exhibited strong growth through 2023. Increased consumer focus on healthy eating and the benefits of organic produce have aided hydroponic food crop farmers that use this industry's equipment for small-scale, regional growing operations. Produce that is grown hydroponically often meets organic standards, and its contained indoor process reduces the need for genetically modified pesticides. Consequently, industry retailers experienced a spike in demand because of small farms and individuals seeking to set up hydroponic greenhouses to grow organic foods early in the period. Later in the period, demand for growth equipment has skyrocketed by... Learn More
Business Environment Risk for 2024: 3.50
The Video Conferencing Software Developers industry has become indispensable over the past five years, transformed extensively by extreme digitization pressures during the COVID-19 pandemic, particularly at large corporations. This trend has been encouraged by several key factors shaping the corporate landscape, including highly globalized workforces, work-from-home policies and flatter organizational structures. The functionality and accessibility of video conferencing software were also forced to improve dramatically during the pandemic, as consumers spent more on webcams, microphones and laptops than ever. Seamless functionality and greater integration have popularized the unified communications as a service (UCaaS) designation for more robust, enterprise-level platforms serviced... Learn More
Based on the expert analysis and our database of 1,300+ US industries, IBISWorld presents a list of the Most Profitable Industries in the US in 2024
VIEW ARTICLEBased on the expert analysis and our database of 1,300+ US industries, IBISWorld presents a list of the Fastest Growing Industries in the US by Revenue Growth (%) in 2024
VIEW ARTICLEDownload a free sample report today to discover the breadth and depth of information available at your fingertips!
GET SAMPLE REPORT