Based on the expert analysis and our database of 1,300+ US industries, IBISWorld presents a list of the Fastest Declining Industries in the US by Revenue Growth (%) in 2020
Want to see more fastest declining industries?
View a list of the Top 25 fastest declining industries2019-2020 Revenue Growth: -42.1%
The Wind Turbine Manufacturing industry has benefited from state and federal renewable energy policies over the five years to 2019. A majority of states require utilities to generate a portion of their electricity from renewable sources, including wind. In addition, the federal renewable electricity production tax credit (PTC) subsidizes energy producers based on the amount of renewable energy they generate. This program has led to an increase in new wind power capacity since 2014. However, turbine purchases have been timed to benefit from federal tax incentives, which have been inconsistent and caused significant volatility during the current period. Since investments... Learn More
2019-2020 Revenue Growth: -41.6%
The Wind Turbine Installation industry provides services related to the construction of wind power farms, including site planning, turbine transportation and component assembly. Industry operators generate the vast majority of their revenue from services related to the installation of new wind capacity. Wind energy generation has grown strongly over the past five years, largely due to favorable government mandates and incentives for renewable energy. However, federal incentives have been inconsistent, leading to uneven growth in turbine installations between years. For example, the industry hit a trough in 2013 due to the temporary expiration of a key federal tax incentive. Consequently,... Learn More
2019-2020 Revenue Growth: -11.9%
Over the five years to 2019, the Unmanned Aerial Vehicles (UAV) Manufacturing industry fared well, despite government budget cuts. Industry companies produce and develop UAVs, or drones, which are remotely piloted or autonomously operated aircraft. Since the vast majority of demand for drones comes from the US military, the overall decline in defense funding before and slow growth during the five-year period led to a reduction of funding for industry products. Moreover, demand for new UAVs was further reduced because the industry supplied the military with an enormous fleet in the previous decade. Over the five years to 2019, demand... Learn More
2019-2020 Revenue Growth: -11.1%
The Sign and Banner Manufacturing Franchises industry has exhibited a steep decline over the past five years. The industry's struggles have had little to do with demand for signage, which has actually increased steadily during the five-year period. Strong growth in advertising spending as well as steady investment in nonresidential construction have boosted demand for signs, since advertisers and most businesses exhibit some level of demand for signage. These two trends have pushed up US demand for signage over the past five years. However, franchises have had a greatly diminished role in providing industry products. As a result, over the... Learn More
2019-2020 Revenue Growth: -9.6%
The DVD, Game and Video Rental industry includes operators that primarily engage in renting DVD, videos and computer and video games. Over the past five years, the growing popularity and dominance of Video on Demand (VOD) and streaming services have hampered demand for traditional DVD renting services, forcing brick-and-mortar operators such as Blockbuster, into bankruptcy. Furthermore, as online streaming services are able to competitively price their products, they have forced industry operators to accept lower rental prices. As a result, industry operators have been struggling with a consistent fall in demand for their services. IBISWorld expects industry revenue to fall... Learn More
2019-2020 Revenue Growth: -7.3%
The US Postal Service (USPS), the sole operator in the Postal Service industry, handles 47.0% of the world's mail and boasts the country's largest retail network. Despite its size, the industry has historically suffered revenue losses. Over the past five years, internet services such as online banking and e-mail have increasingly replaced traditional mail. In addition, since USPS is highly regulated, it is subject to government-mandated expenses, which have dramatically raised costs for the industry. Over the five years to 2019, IBISWorld expects revenue to decline at an annualized rate of 2.1% to $66.6 billion. The decline in revenue would... Learn More
2019-2020 Revenue Growth: -7.2%
Rapid advances in computer technology have enabled consumers and small businesses to complete tasks previously performed by the Quick Printing industry from the convenience of their homes and offices. The availability of this technology, combined with swift declines in the price of computer software and peripheral equipment, has posed a significant challenge to the industry over the past decade and especially over the five years to 2019. Moreover, consumers are increasingly favoring alternative mediums, such as online media and digital communications, over printed materials, leeching away industry demand. Due to these trends, industry revenue has declined, despite a modest increase... Learn More
2019-2020 Revenue Growth: -7.0%
The Office Supply Stores industry has experienced tough conditions over the five years to 2019. Traditional office supply stores have long been under pressure from the changing digital landscape and fierce external competition. The changing nature of how information is presented, consumed and disseminated has led to declining demand for many of the industry’s core products. Moreover, industry operators have contended with strong pressure from discount stores, supercenters, warehouse clubs and online retailers. As a result, industry has declined an annualized 8.0% to $11.4 billion over the five years to 2019, including an estimated decrease of 6.8% in 2019 alone.The industry has been negatively affected... Learn More
2019-2020 Revenue Growth: -7.0%
The Credit Repair Services industry largely performs countercyclical to the overarching business cycle; therefore, the currently favorable economic environment, characterized by rising disposable income and low unemployment, has proved unfavorable for the industry. Additionally, many debt-ridden consumers have chosen not to seek out industry services and instead file for bankruptcy or take advantage of free online services. Consequently, industry revenue is expected to decline at an annualized rate of 7.1% to $3.0 billion over the five years to 2019, including a 10.1% decrease in 2019 alone.
Factors influencing demand for credit repair services include rising incomes in the United States, increasing... Learn More
2019-2020 Revenue Growth: -6.8%
The Weight Loss Service Franchises industry operates franchised weight loss centers where customers can receive a variety of products and services. The industry includes weight loss counseling, menu and exercise planning, food supplements, workshops and fitness centers. Over the five years to 2019, the number of overweight and obese Americans and per capita disposable income increased, boosting the number of potential industry customers. Despite this opportunity, industry revenue has trended down, falling at an annualized rate of 1.2% to $908.9 million over the five years to 2019. This includes an anticipated 3.3% decline in 2019 alone.
As the prevalence of obesity... Learn More
Assess the current performance and outlook of key drivers, while comparing numerical data going back years or decades to identify patterns and trends.
Easily see what other industries are affected by the selected key external driver, to understand upstream and downstream ramifications.
Download a free sample report today to discover the breadth and depth of information available at your fingertips!
GET SAMPLE REPORT