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: -24.4%
The Global Commercial Real Estate industry grew over much of the five years to 2020 after a slow start. Investor confidence took a hit in 2015, which continued into 2016 largely due to global political uncertainty and low oil prices. This negatively affected investment in the industry and revenue declined 0.6% in 2016. Global investment has since rebounded strongly amid strong global economic growth, which propelled industry revenue to recover. However, the outbreak of COVID-19 (coronavirus) is expected to severely constrict demand as economic uncertainty skyrockets. As a result, industry revenue is expected to fall at an annualized rate of... Learn More
2019-2020 Revenue Growth: -14.5%
Over the five years to 2020, revenue for the Global Car and Automobile Sales industry is expected to fall, mainly due to the economic fallout as a result of the COVID-19 (coronavirus) pandemic. The industry experienced growth during the beginning of the period as rising global per capita income and increased global consumer spending encouraged global auto sales, primarily in emerging economies. However, several factors have limited industry expansion. For example, several European nations experienced weak economic growth. The United States also experienced a slump in auto sales going into 2020 after previously posting strong sales between 2009 and 2016.... Learn More
2019-2020 Revenue Growth: -14.5%
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 for the foreseeable future. Industry revenue is a function of global production of industry products alongside global coal prices, with prices being closely tied to global economic conditions. Over the five years to 2020, prices of thermal and coking coal have... Learn More
2019-2020 Revenue Growth: -13.9%
Ongoing trade liberalization, global economic expansion and growth in Asian economies have been the main factors propelling growth for the Global Marine and Container Terminal Operation industry. However, stagnating growth in many developed economies, supply chain disruptions, the appreciation of the US dollar and the recent slowdown in emerging market growth have tempered industry performance in recent years, with industry revenue declining in both 2015 and 2016. Furthermore, the COVID-19 (coronavirus) pandemic is expected to hinder demand due to trade restrictions and supply chain disruptions. As a result, IBISWorld projects industry revenue will increase at an annualized rate of 1.9%... Learn More
2019-2020 Revenue Growth: -13.2%
Over the five years to 2020, the Global Auto Parts and Accessories Manufacturing industry is expected to decline, as automakers, the industry's largest customers, have been hurt by the economic fallout stemming from the COVID-19 (coronavirus) pandemic. Barring 2020, per capita income levels climbed across the globe and the burgeoning middle classes in emerging economies were able to purchase their own cars. As demand for new automobiles has risen, original equipment manufacturers have demanded more components from industry operators. Additionally, the auto parts aftermarket has helped generate revenue as average vehicle ages moved higher. Demand for this segment tends to... Learn More
2019-2020 Revenue Growth: -12.8%
Despite rising levels of airborne passenger and cargo traffic, revenue for the Global Airlines industry has declined over the five years to 2020 as volatile fuel prices and growing competition, as well as the COVID-19 (coronavirus) pandemic, have placed downward pressure on airline ticket prices and freight shipping rates. Moreover, the total value of world trade has increased slowly over the past five years, limiting demand for cargo transportation services. At the same time, recent growth in global per capita income has fueled demand for airline passenger transportation. Overall, industry revenue is estimated to decrease an annualized 1.8% to $686.0... Learn More
2019-2020 Revenue Growth: -11.7%
Over the five years to 2020, the center of the Global Casinos and Online Gambling industry has shifted from the United States, specifically Las Vegas and Atlantic City, to China, more specifically, Macau. A wave of recent casino openings in Macau has propelled this shift. As of 2020, there were 50 casinos located on the island. Additionally, casino openings in other parts of Asia are expected over the five years to 2025. Two mega casino developments in Singapore already rival casinos in Las Vegas, and Japan recently legalized casinos, raising the potential for billions of dollars in new investment. However,... Learn More
2019-2020 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: -10.6%
The Global Commercial Aircraft Manufacturing industry is expected to decline over the five years to 2020. Industry operators design, manufacture, overhaul and rebuild planes, helicopters, aircraft engines and various aircraft components and subsystems for the commercial and civil markets. The industry primarily depends on downstream demand from airlines, which make up the bulk of the major markets for operators. The global rise in disposable income levels has driven major growth in demand for air travel, although investment in new aircraft has fallen as many airlines have been using older aircraft. Despite a decrease in the production of widebody and single-aisle... Learn More
2019-2020 Revenue Growth: -10.6%
The Global HR and Recruitment Services industry relies on an organizations' demand for outsourcing its recruitment processes and human resource management activities. Industry performance largely depends on economic conditions in major markets and the effect these conditions have on demand for labor worldwide. Labor market regulation, particularly relating to temporary employees, is also important to industry performance. While the liberalization of labor laws in developed nations has historically been essential to industry growth, large players have now focused on emerging markets. Industry growth in these regions has expanded as the industry's largest companies expand into developing economies to connect employers... Learn More
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