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
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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: -26.0%
The Department Stores industry has continued its long-term decline over the five years to 2020, with revenue expected to fall at an annualized rate of 11.0% to $100.0 billion. The industry's continued decline has been accentuated by a 27.4% fall in 2020 alone as operators shut facilities amid the COVID-19 (coronavirus) pandemic. Additionally, while rising competition from e-commerce has accelerated declines, revenue contraction is primarily attributable to the increasing number of major players that have expanded their product ranges to include groceries, which transitions their revenue to the Warehouse Clubs and Supercenters industry (IBISWorld report 45291), a trend that is... Learn More
2019-2020 Revenue Growth: -21.2%
The Sign and Banner Manufacturing Franchises industry has exhibited a steep decline over the five years to 2020. For most years throughout the period, the industry's struggles have had little to do with demand for signage, which had increased steadily up to 2019. 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.... Learn More
2019-2020 Revenue Growth: -21.0%
The Petroleum Refining industry has experienced volatile conditions over the five years to 2020. Crude oil is the primary input cost for refiners, and due to its sensitivity to microeconomic and macroeconomic factors, such as supply and demand and the health of economies domestic and overseas, crude oil is a highly volatile commodity. The US oil and gas production index has increased at an annualized rate of 5.9% over the five years to 2020, contributing to the world price of crude oil to decline an annualized 6.5% during the same period. Industry revenue is estimated to decrease at an annualized... Learn More
2019-2020 Revenue Growth: -18.7%
Operators in the Used Car Dealers industry sell a variety of used passenger vehicles and may provide repair and maintenance services, along with financing and insurance services. Over the five years to 2020, industry revenue grew, as rises in disposable income and greater access to credit enabled more consumers to afford industry products. Moreover, as economic conditions were generally favorable over the past five years, operators sought out new opportunities to generate higher returns. Thus, operators have been targeting individuals with below-average credit scores. Not only did this expand the market for the industry, it also generated more revenue as... Learn More
2019-2020 Revenue Growth: -18.0%
The Oil Drilling and Gas Extraction industry's performance has been extremely volatile in recent years, despite rising domestic oil and gas production. Over the five years to 2020, revenue has fluctuated primarily due to substantial swings in commodity prices, including an estimated decline of 47.2% in world crude oil prices and a 34.4% drop in natural gas prices in 2015. World prices moderately recovered in the middle of the period before tumbling again in 2019 and 2020 due to lower aggregate demand for oil stemming from the COVID-19 (coronavirus) outbreak. Profit, measured as earnings before interest and taxes, has exhibited... Learn More
2019-2020 Revenue Growth: -14.1%
The Metal Tank Manufacturing industry has experienced some volatility over the five years to 2020. Revenue declined in 2015 and 2016 as collapsing oil prices halted new drilling, which decreased demand for many of the industry's heavy-gauge products. In 2017, the trend reversed as the price of oil recovered, contributing to revenue growth, before falling steel and oil prices pushed revenue down once again in 2019. Overall, the industry is expected to decrease at an annualized rate of 4.3% to $8.1 billion over the five years to 2020, including an expected decrease of 15.7% in 2020 fueled by the adverse... Learn More
2019-2020 Revenue Growth: -13.1%
The Private Equity, Hedge Funds and Investment Vehicles industry consists of funds that raise capital to invest in various asset classes. Industry assets have become increasingly integral to institutional investors' portfolios and the larger asset-management market. Institutional investors are individuals or organizations that trade securities in such substantial volumes that they qualify for lower commissions and fewer protective regulations since they are assumed to be knowledgeable enough to protect themselves. Increasing demand from institutional investors has contributed to the surge in the industry's assets under management (AUM) and revenue during the early portion of the period. To a lesser extent,... Learn More
2019-2020 Revenue Growth: -12.5%
The Women's, Girls' and Infants' Apparel Manufacturing industry is in a state of decline, as low levels of domestic product innovation and a falling number of industry operators have caused revenue to decrease over the five years to 2020. Largely as a result of overwhelming import competition, industry revenue is expected to fall at an annualized rate of 7.2% to $3.4 billion during the current period as apparel production is moved overseas to low-cost manufacturers. Labor costs are significantly lower in developing countries and, due to the varying nature of garments produced each season, automation for apparel manufacturing is limited.... Learn More
2019-2020 Revenue Growth: -12.2%
The Printing Services industry has experienced challenges over the five years to 2020 due to waning demand for printing. The industry provides prepress work such as typesetting, tradebinding, mounting and print-plate creation. Operators also carry out postpress work, including gilding, embossing and foil stamping for specialty books. Demand for printing services is linked to the performance of the Printing industry (IBISWorld report 32311) and demand for book, newspaper and magazine publishing, all of which contracted or experienced minimal growth over the past five years. This contraction occurred because competition from online media, which reduced print advertising expenditure. Demand for industry... Learn More
Based on the expert analysis and our database of 1,300+ US industries, IBISWorld presents a list of the Riskiest Industries in the US in 2020
VIEW ARTICLEBased on the expert analysis and our database of 1,300+ US industries, IBISWorld presents a list of the Least Risky Industries in the US in 2020
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