Fastest Declining Industries in the US by Revenue Growth (%) in 2026

1. Hybrid & Electric Vehicle Manufacturing in the US

2026-2027 Revenue Growth: -21.9%

The Hybrid and Electric Vehicle Manufacturing industry has boomed as the use of renewable energy sources surged in popularity. Hybrid electric vehicles (HEV) and electric vehicles (EV), including plug-in electric vehicles (PEV) and plug-in hybrid electric vehicles (PHEV), have seen a dramatic rise in sales amid elevated oil and gas prices. With concerns about the environment, new entrants continue to flood in looking to establish market share. New government incentives and infrastructure funding have increased the accessibility of electric and hybrid vehicles domestically. Industry-wide revenue has increased at an annualized 29.6% to $88.8 billion over the past five years, including... Learn More

2. Chicken Egg Production in the US

2026-2027 Revenue Growth: -12.6%

Over the past five years, chicken egg producers have had to contend with severe revenue volatility. While per capita egg consumption has remained stable, a severe drought across most of the United States pushed the price of feed upward. This, combined with lingering challenges from supply chain bottlenecks and highly pathogenic avian influenza (HPAI), have pushed the price of eggs upward. Widespread inflation in 2022 also contributed to surging egg prices, and while the industry benefited from an upswing in revenue that year, price spikes set the stage for plummeting prices in 2023. As a result, industry-wide revenue has dropped... Learn More

3. Pottery, Ceramics & Plumbing Fixture Manufacturing in the US

2026-2027 Revenue Growth: -11.3%

The ceramics manufacturing industry produces various products, including advanced and technical ceramics, plumbing fixtures, kitchenware, pottery products and lightweight body armor. This industry has contended with high import competition, which has been exasperated by increases in the trade-weighted index and weakened demand from residential and nonresidential construction. Although overall, revenue has been growing at a CAGR of 0.5% to $3.0 billion over the past five years, including an expected 3.3% decline in 2023. Profit is also expected to fall to 4.7% of revenue in 2023 from 4.9% in 2018.

During the current period, large multinational manufacturers focused their efforts on foreign... Learn More

4. Solar Panel Installation in the US

2026-2027 Revenue Growth: -10.4%

Solar panel installation services install solar panels as part of general residential and commercial contracting services. The surging popularity of solar power amid environmental concerns has led to an uptick in installations. Revenue grew at a CAGR of 2.9% to $14.9 billion over the past five years, including a 0.9% increase in 2023 alone.

The introduction of the investment tax credit (ITC), which offered a 30.0% tax credit, became a catalyst for installations. Initially, the tax credit was set to decline and expire in 2024. The recent inflation reduction act reverted the credit to 30.0% and extended it until 2032. State... Learn More

5. Database & Directory Publishing in the US

2026-2027 Revenue Growth: -8.0%

The era of the phone book is dead. The catastrophic fall of the Database and Directory Publishing industry between 2018 and 2023 has been driven by the sustained migration from print to digital advertising, as publishers historically generated the majority of their revenue from the sale of advertisement space in printed publications. Forced to focus on digital presence, the industry has experienced immovable competition from online search engines and social media platforms, limiting the industry's digital advertisement sales. As a result, industry revenue has been eroding at a CAGR of 7.9% over the past five years, and is expected to... Learn More

6. Petrochemical Manufacturing in the US

2026-2027 Revenue Growth: -7.7%

The industry produces goods that make up the fundamental building blocks of a wide range of consumer and industrial products, including detergents and pharmaceuticals. Since petrochemicals are essential to the production of many products, demand for petrochemicals is relatively stable. Industry revenue has been volatile due to the industry's sensitivity to changes in prices of its key inputs, primarily crude oil and natural gas. With commodity prices falling dramatically in 2020, oil and gas prices collapsed due to the pandemic. As the economy recovered from the pandemic in 2021, and as a byproduct of the ongoing Russia-Ukraine conflict, oil and... Learn More

7. Newsprint Paper Manufacturing in the US

2026-2027 Revenue Growth: -7.4%

The industry produces newsprint, a type of paper packaged in long rolls for use in printing presses. Newspapers and advertisements are most commonly printed on newsprint paper, which is primarily composed of wood pulp. The shift to digital platforms has significantly affected the newsprint industry, with demand for traditional print media plummeting and COVID-19 accelerating the push toward digitalization. Trade tensions and tariffs, notably between the US and Canada, have impacted the industry, increasing costs and affecting imported newsprint availability, causing uncertainty for future operations. Alongside these challenges, companies have had to navigate supply chain disruptions and form flexible strategies... Learn More

8. Egg & Poultry Wholesaling in the US

2026-2027 Revenue Growth: -6.1%

Shifting health trends have challenged the Egg and Poultry Wholesaling industry in 2023. Egg and poultry products' popularity has gone down due to changing health-conscious trends, including more consumers move toward plant-based diets. For example, between 2004 and 2019, there was a 30-fold increase in the number of vegans in the United States, according to an Ipsos Retail Performance study.

As many egg and poultry wholesalers operated at a loss during the current period, many were forced to close distribution facilities in an effort to consolidate operators. Several other operators were forced out of the market entirely due to intense competition... Learn More

9. Paper Mills in the US

2026-2027 Revenue Growth: -5.8%

The Paper Mills industry, which produces a range of communication papers and personal care products, has contended with many obstacles to success. Rising foreign competition from industry frontrunners and developing economies – which can produce and export at lower costs – plus a persistent decline in downstream demand for paper and paper products have hindered the industry in recent years. Due to these ongoing factors, industry-wide revenue shrunk at a CAGR of 4.0% to $36.1 billion over the past five years, including a decrease of 0.2% in 2023 even as the economy recovers from the pandemic.

Major industry operators have had... Learn More

10. Oil & Gas Drilling Equipment Manufacturing in the US

2026-2027 Revenue Growth: -5.2%

The Oil and Gas Drilling Equipment Manufacturing industry provides machinery and equipment to oil and gas extractors. Major global events, such as the pandemic and the Ukraine war, have negatively impacted machinery manufacturers by creating significant volatility in commodity prices. Major production and travel slowdowns harmed demand for oil and gas, resulting in fewer extraction projects and lowering the need for machinery. Although prices bounced back as the economy re-opened, many oil and gas companies turned to imported machinery, which is more affordable. The Ukraine war, however, disrupted the global oil and gas supply chain, boosting demand for domestic production.... Learn More