Based on the expert analysis and our database of 70+ Global industries, IBISWorld presents a list of the Fastest Declining Industries Global by Revenue Growth (%) in 2020
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View a list of the Top 25 fastest declining industries2019-2020 Revenue Growth: -11.0%
Over the five years to 2020, revenue for the Global Automobile Engine and Parts Manufacturing industry, which produces motor vehicle engines and other engine parts such as valves, crankshafts, camshafts, fuel injectors and pistons, is expected to fall at an annualized rate of 0.1% to $276.7 billion. Ultimately, the industry is tethered to that of global car production, thus leaving operators vulnerable to a myriad of macroeconomic and political factors that affect the automotive sector in aggregate. During most of the period, an emphasis on engine efficiency and economic growth supported industry expansion. However, the rapid spread of COVID-19 (coronavirus)... Learn More
2019-2020 Revenue Growth: -9.8%
The Global Deep-Sea, Coastal and Inland Water Transportation industry, which transports cargo and passengers across the world's waterways, has experienced strong growth over most of the five years to 2020. Rising global per capita income and increased production activity among the world's most developed economies has increased demand for industry services, though COVID-19 (coronavirus) is forecast to severely constrain demand in 2020. These strong market conditions have offset an excess of maritime carrying capacity relative to downstream demand, which has constrained international freight rates and hindered industry growth. Additionally, industry revenue has been sustained by the strong performance of the... Learn More
2019-2020 Revenue Growth: -8.4%
Over the five years to 2020, the Global Hotels and Resorts industry experienced strong growth as both consumers and businesses became more confident about their finances and spent more liberally on luxuries, including travel. This culminated in a substantial increase in both travel rates and hotel room and occupancy rates, two indicators of a hotel's performance. Travel spending has also picked up quickly, especially in emerging economies where tourism is on the rise. Global tourist arrivals were steadily increasing between 2015 and 2019 until a drastic drop in 2020 due to the global spread of COVID-19 (coronavirus). As a result... Learn More
2019-2020 Revenue Growth: -6.4%
The Global Iron Ore Mining industry's financial performance has been weak over the five years to 2019. Industry revenue is a function of global demand conditions, and the volatility in the world price of iron ore during the reporting period has led to several years of double-digit declines. Iron ore prices and industry revenue reached record peaks during the previous five-year period before softening due to decelerating demand from emerging markets. Alongside increased production, this caused an imbalance between supply and demand that resulted in plummeting prices in 2014 and 2015. Despite steady growth in global production, industry revenue is... Learn More
2019-2020 Revenue Growth: -5.4%
Coal mined by the Global Coal Mining industry plays a vital role in the world's ability to generate electricity and manufacture steel. Coal's position in global electricity markets stems from its relative accessibility, affordability and distribution across the globe. The world's largest coal producers are China, the United States and India, with these countries expected to retain their positions. Industry revenue is a function of global production of industry products alongside their prices, with prices being closely tied to global demand and supply conditions. Over the five years to 2019, the prices of thermal and coking coal have fluctuated wildly,... Learn More
2019-2020 Revenue Growth: -3.2%
Operators in the Global Oil and Gas Exploration and Production industry find and extract crude oil and natural gas from oil and gas reserves throughout the world. Over the five years to 2019, the prices of crude oil and natural gas have fluctuated sharply despite steady growth in production, and this has caused wild revenue fluctuations. Prices rose significantly in the years leading up to the reporting period, peaking in 2012. Slowing global demand alongside continually rising supply caused prices to plummet in 2015 and 2016, although they have since recovered. Overall, declining prices have cut into profit margins and... Learn More
2019-2020 Revenue Growth: -2.8%
The Global Computer Hardware Manufacturing industry produces a range of products, including desktop and laptop personal computers (PCs), computer peripherals and storage devices. Over the five years to 2019, competing trends have defined the industry's performance. Growing competition from tablet devices and mobile phones has eroded demand for traditional PCs worldwide, culminating in a decline in PC shipments globally during the five-year period. Furthermore, the industry's notorious price competition has limited manufacturers' revenue potential, with prices expected to fall at an annualized rate of 2.8% during the same period. Compounded, these trends have led to a decline in demand at... Learn More
2019-2020 Revenue Growth: -1.0%
The Global Magazine Publishing industry has struggled to adapt to the challenges and opportunities presented by digital disruption and economic shifts over the five years to 2019. While there is no shortage of consumer demand for magazines' core offerings of news and information, the proliferation of new forms of media, with many of them available online and for free, has threatened the traditional position of magazines. In addition to competition from online media, operators have struggled to adopt successful digital monetization strategies. Furthermore, while magazine circulation has remained relatively steady, newsstand sales have declined in developed economies, leaving publishers to... Learn More
2019-2020 Revenue Growth: -0.7%
The Global Commercial Real Estate (CRE) industry has grown tepidly over the five years to 2019. Early during the period, revenue thrived as global investor confidence and aggregate investment flourished. However, in 2015, investor confidence took a hit, which continued into 2016 largely due to global political uncertainty and low oil prices. This negatively affected investment in the industry, and revenue declined 1.2% in 2016. Global investment has since rebounded strongly amid strong global economic growth, which propelled industry revenue to recover. In 2018, global CRE investment grew to the highest level since the financial crisis of 2008, which aided... Learn More
2019-2020 Revenue Growth: -0.6%
The value of the Global Cheese Manufacturing industry has shrunk over the five years to 2019, despite stable demand for dairy products, improved per capita consumption of cheese worldwide and continued product innovation. Overall, IBISWorld estimates that industry revenue has declined an annualized 2.4% to $109.3 billion over the five years to 2019. While the industry performed well in the years leading up to the reporting period, a sharp decline in the price of milk beginning in 2015 placed significant downward pressure on cheese prices. In addition, a depreciating euro cut into the value of cheese produced in Europe, which... Learn More
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