Fastest Declining Industries in China by Revenue Growth (%) in 2020

1. Movie Production in China

2019-2020 Revenue Growth: -39.3%

The Movie Production industry in China is estimated to generate $4.8 billion in 2020. Revenue is expected to decrease at an annualized 5.7% over the five years through 2020. The rapidly rising in the previous years was due to consumption of power, and desire for cultural and entertainment products have fueled the industry's growth. In 2020, revenue is anticipated to decrease by 40.3% due to the negative influence of the COVID-19 pandemic.

The domestic production of feature films for the Chinese market has grown strongly from 838 films in 2015 to 1,082 in 2018. However, it then decreased to 1,037, and... Learn More

2. Amusement Parks in China

2019-2020 Revenue Growth: -16.2%

The number of amusement parks in China has been steadily increasing over the past five years, as households have looked for new and exciting ways to spend their leisure time and operators have improved their marketing and advertising strategies. However, due to the outbreak of COVID-19 at the end of 2019, all amusement parks had to cease operations in the first quarter of 2020, which could lead to a sharp decline in industry revenue in 2020. As a result, revenue for the Amusement Parks industry is forecast to decrease to $4.2 billion in 2020, down by 17.5% from 2019. Overall,... Learn More

3. Travel Agencies in China

2019-2020 Revenue Growth: -15.9%

As China's economy has rapidly developed over the past five years, the tourism sector in China has also experienced strong growth. As more people have been travelling, demand for travel services has increased. Revenue for the Travel Agencies industry in China is expected to increase at an annualized 0.8% over the five years through 2020, to $90.0 billion. Industry revenue has increased due to rising demand over the four years through 2019. However, revenue is anticipated to decrease by 17.3% in 2020 due to the COVID-19 outbreak. ACMR-IBISWorld forecasts that revenue will increase by an annualized 5.1% over the five... Learn More

4. Apparel Manufacturing in China

2019-2020 Revenue Growth: -14.2%

The Apparel Manufacturing industry had performed well from 2015 to 2019. Industry revenue is expected to decrease at an annualized 0.4% over the five years through 2020, to total $319.8 billion. This trend includes a 15.6% reduction in the current year. With new consumer groups of post-90 and post-00, individualized, fine-differentiated and young clothes have become the mainstream for the industry. In addition, big data, cloud computing, and artificial intelligence have brought big changes to the industry over the past five years.

The industry currently has 19,047 enterprises, employing 4.4 million workers with an estimated payroll of $45.6 billion. The rising... Learn More

5. Car Dealers in China

2019-2020 Revenue Growth: -12.6%

Revenue for the Car Dealers industry in China is expected to decrease at an annualized rate of 3.0% over the five years through 2020, to $398.0 billion. Industry revenue has declined due to a slowdown in the economy, rising emission standards and the outbreak of COVID-19 in 2018, 2019 and 2020 respectively.

In 2014, sales volume growth slowed to 6.9%, and industry revenue growth declined to 8.3%. In 2015, automobile sales increased to 24.6 million units and industry revenue increased to an estimated $463.0 billion, up 6.1% from 2014. In 2016, industry revenue increased to an estimated $508.3 billion, up 9.8%... Learn More

6. Auto Parts Manufacturing in China

2019-2020 Revenue Growth: -12.1%

From 2004 to 2016, the growing Automobile Manufacturing industry and the growing number of automobiles in use across China supported growth in the Auto Parts Manufacturing industry in China. However, sales revenue from the downstream automobile manufacturing industry has declined since 2018, and revenue growth in the Auto Parts Manufacturing industry has been slow. In 2019, the sales volume of automobiles, especially the sales volume of passenger vehicles, declined dramatically. This trend has negatively affected sales revenue in the industry. Overall, industry revenue is expected to decline at an annualized 1.3% over the five years through 2020, to total $549.6... Learn More

7. Hotels in China

2019-2020 Revenue Growth: -11.8%

Rising tourist activity over the four years through 2019 has supported the industry's performance. Revenue for the Hotels industry in China is expected to increase at an annualized 2.8% over the five years through 2020, to $68.0 billion. However, this trend includes an expected decline of 13.2% in the current year. The outbreak of COVID-19 at the end of 2019 in China caused many hotels to close operations in the first quarter of 2020, strongly affecting industry revenue in the current year.

Foreign enterprises, which have a significant influence on the industry's development, have introduced brand and chain management concepts, along... Learn More

8. Mining Equipment Manufacturing in China

2019-2020 Revenue Growth: -11.1%

The Mining Equipment Manufacturing industry in China mainly provides mine excavation equipment, underground transportation equipment and mineral washing and screening equipment to coal mines, nonferrous metal mines, ferrous metal mines, non-metallic mines and other mines.

As China's economy heavily relies on the manufacturing and the energy sectors, demand for natural resources drives the need for mining equipment. The industry has rapidly expanded over the past five years due to high domestic demand from China's Coal Mining (IBISWorld industry report 0610) and metal mining industries (0810, 0911, and 0916). Although China imports large volumes of coal, iron ore, bauxite and other resources,... Learn More

9. Traditional Chinese Medicine Manufacturing in China

2019-2020 Revenue Growth: -10.7%

Revenue for the Traditional Chinese Medicine Manufacturing industry is expected to decrease at an annualized 4.0% over the five years through 2020. Due to cost controls on traditional Chinese medicines for medical insurance and reduced prices for centralized procurement in China, industry revenue decreased by 22.9% in 2019, to total $28.4 billion. In 2020, industry revenue is expected to fall by a further 12.2% to total $25.0 billion, due to the negative effects of the COVID-19 pandemic. The industry has an estimated 1,238 enterprises, which employ 157,422 workers with a total payroll of $1.7 billion.

Traditional Chinese medicine pills are the... Learn More

10. Motels in China

2019-2020 Revenue Growth: -10.7%

Industry revenue for the Motel industry in China is expected to decrease at an annualized 6.3% over the five years through 2020 to $16.9 billion. This trend includes an expected decline of 12.1% in the current year. The industry has approximately 62,326 motel establishments in China, employing about 1.9 million people with an estimated payroll of $4.1 billion.

Currently, the industry accounts for an estimated 33% of China's accommodation sector. Half of the sector's revenue is generated by hotels (IBISWorld industry report 6610), which provide higher quality services and surroundings than motels. The ongoing establishment of hotel chains and family hotels... Learn More