Global Fastest Declining Industries by Revenue Growth (%) in 2021

1. Global Respiratory Ventilator Manufacturing

2019-2020 Revenue Growth: -13.3%

Products produced by the Global Respiratory Ventilator Manufacturing industry have long been a staple of the global healthcare sector. Demand for ventilators has historically been stable since they are a life-saving device for patients with limited breathing function. While hospitals do not usually need a significant number of ventilators, the COVID-19 (coronavirus) pandemic has caused demand for ventilators to skyrocket in 2020. Patients with severe coronavirus symptoms often need to be ventilated because their lungs become so inflamed that they are unable to provide the body with enough oxygen. While ventilation is not always successful, at this stage of the... Learn More

2. Global Magazine Publishing

2019-2020 Revenue Growth: -1.7%

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

3. Global Cheese Manufacturing

2019-2020 Revenue Growth: -1.0%

The value of the Global Cheese Manufacturing industry has grown over the five years to 2020, primarily as a result of stable demand for dairy products, improved per capita consumption of cheese worldwide and continued product innovation. Overall, IBISWorld estimates that industry revenue has increased an annualized 2.6% to $119.0 billion over the five years to 2020. While the industry has performed well over the years leading up to the reporting period, a steady rise in the price of milk has placed upward pressures on cheese prices. In addition, a depreciating euro during the majority of the period cut into... Learn More

4. Global Computer Hardware Manufacturing

2019-2020 Revenue Growth: -0.5%

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 2020, 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 over the past five years. Furthermore, the industry's price competition has limited manufacturers' revenue potential. Compounded, industry revenue is projected to decline at an annualized rate of 8.7% to $220.3 billion over the five years to 2020, with an expected 11.3%... Learn More

5. Global Newspaper Publishing

2019-2020 Revenue Growth: -0.4%

The Global Newspaper Publishing industry has endured rising external competition from digital media formats, which has lowered the industry's revenue base over the five years to 2020. The explosion of online entertainment and news, fueled by the rapid adoption of mobile devices and high-speed internet the world over, has attracted a greater share of advertising spending, which until recently was the industry's principal revenue stream. Readers are also opting for free news articles that have been able to capture younger demographics, particularly in mature economies. Over the five years to 2020, industry revenue is expected to decline an annualized 7.6%... Learn More

6. Global Commercial Printing

2019-2020 Revenue Growth: -0.1%

Over the five years to 2020, revenue for the Global Commercial Printing industry has experienced steady growth, with poor performance in the world's developed markets counteracted by strong performance in developing markets. Developed markets have contended with high levels of market saturation and an increased preference among consumers for digital media, which has cut into demand for publishing, a key downstream industry for printers. While a growing global economy over the past five years has improved demand conditions, online adoption and new technologies such as smartphones and tablet devices have constrained potential gains and diminished profitability. However, continued growth in... Learn More

7. Global Cigarette & Tobacco Manufacturing

2019-2020 Revenue Growth: 0.2%

Operators in the Global Cigarette and Tobacco Manufacturing industry have contended with declining tobacco consumption in many developed countries across the world over the five years to 2019. This has been the main threat to the industry's performance as awareness of the effects of tobacco consumption has intensified. Despite lower global volume sales in developed countries, industry operators have been able to maintain revenue growth by successfully raising prices on tobacco products. Furthermore, rising consumption in certain emerging markets has helped drive revenue and maintain increase profit. As a result, the industry is anticipated to grow an annualized 0.5% to... Learn More

8. Global Heavy-Duty Truck Manufacturing

2019-2020 Revenue Growth: 0.5%

The Global Heavy-Duty Truck Manufacturing industry has experienced an eventful time during the five-year period. Governments across the globe have imposed new regulations aimed at reducing truck emissions. When new standards are introduced, truck prices typically increase due to higher research and development costs to make truck emissions compliant. Truck buyers are aware of this trend, and when legislation change is announced, buyers tend to purchase vehicles in anticipation of rising prices once the new law is implemented.

Over the five years to 2019, in addition to rising regulations, truck manufacturers have also been at the mercy of volatile prices of... Learn More

9. Global Life & Health Insurance Carriers

2019-2020 Revenue Growth: 0.7%

The Global Life and Health Insurance Carriers industry has decreased over the five years to 2020 despite growth in global demand for insurance products. The industry provides crucial risk management services to downstream consumers and is a vital part of the financial sector, particularly with respect to the industry's massive asset holdings. Industry operators protect individuals from current, immediate and long-term costs arising from illness, injury and death. Life and health insurers provide protection at a fraction of the potential loss by merging various risks. The role of life and health insurers has become increasingly important as the global population... Learn More

10. Global Management Consultants

2019-2020 Revenue Growth: 0.8%

Operators in the Global Management Consultants industry provide advisory services to a range of clients to help improve organizational performance. Consultants focus on topics such as organizational design, process management and corporate strategy. Over the five years to 2019, demand for management consulting services has increased as stronger corporate profitability has increased global aggregate private investment. Furthermore, the emergence of China, India and other growing economies has opened new doors for consultants. Consequently, industry revenue is projected to expand at an annualized rate of 3.3% to $680.0 billion over the five years to 2019, including revenue growing 3.1% in 2019... Learn More