This website uses cookies to improve your user experience while you navigate through the website. We also use third-party cookies that help us analyze and understand how you use this website. By continuing to use this website you agree to the use of these technologies. LEARN MORE

1
IBISWorld
account_circle
  • CONTACT US
  • REQUEST DEMO
  • Log In
  • IBISWorld
  • Industry Reports expand_more
    By Sector
    • Accommodation & Food Services
    • Administration & Business Support Services
    • Agriculture, Forestry, Fishing & Hunting
    • Arts, Entertainment & Recreation
    • Construction
    • Educational Services
    • Finance & Insurance
    • Healthcare & Social Assistance
    • Information
    • Manufacturing
    • Mining
    • Personal Services
    • Professional, Scientific & Technical Services
    • Public Administration & Safety
    • Real Estate, Rental & Leasing
    • Retail Trade
    • Transportation & Warehousing
    • Thematic Reports
    • Utilities
    • Wholesale Trade
    Other Sectors
    • Advisory & Financial Services
    • Business Franchises
    • Consumer Goods & Services
    • Industrial Machinery, Gas & Chemicals
    • Life Sciences
    • Online Retail
    • Retail Market
    • Specialist Engineering, Infrastructure & Contractors
    • Technology
    • Water Supply; Sewerage, Waste Management and Remediation Activities
    By Country
    • North America
    • United States
    • Canada
    • Mexico
    • Asia & Oceania
    • Australia
    • New Zealand
    • China
    • Europe
    • Pan-Europe
    • France
    • Germany
    • Italy
    • Ireland
    • Spain
    • United Kingdom
    View All Industry Reports
  • Research Solutions expand_more
    IBISWorld Products
    • Products Overview
    • Industry Research Reports
    • iExpert Summary Reports
    • Early Warning System
    • Business Environment Profiles
    • Industry Financial Ratios
    • Industry Risk Rating Reports
    • Industry Data Wizard
    • US Segment Benchmarking
    • US Company Benchmarking
    • US Benchmarking Pro
    • Salesforce App
    • API Solutions
    • Australia SME Industry Reports
    • AU & NZ Enterprise Profiles
    IBISWorld For Your Role
    • Academics
    • Accounting
    • Business Valuations
    • Commercial Banking
    • Consulting
    • Government Agencies
    • Investment Banks
    • Law Firms
    • Marketing
    • Private Equity
    • Sales
    • Specialized Librarians
    AU & NZ Enterprise Profiles
    • View by Sector
    US Company Benchmarking
    • View by Sector
  • About Us expand_more
    Company
    • Our Story
    • Our Team
    • Client Success Stories
    • Phil Ruthven - the Founder
    • Careers
    • Contact Us
    • FAQ - Help Center
    • Modern Slavery Statement
    Membership
    • Membership Inquiry
    • Free Demo
    • Free Sample Report
    • Newsletter
    By Country
    • Australia
    • Canada
    • China
    • Germany
    • Mexico
    • New Zealand
    • United Kingdom
    • United States
    • Europe
  • Resources expand_more
    News & Insights
    • Industry Insider Blog
    • Analyst Insights
    • Special Reports
    • From the Founder
    • Coronavirus Insights
    Resources
    • Applying Industry Research
    • Industry Classifications
    Trends & Statistics
    • Industry Statistics
    • Industry Trends
    • US State Economic Profiles
    • Business Environment Profiles
    Media
    • Press Releases

Least Risky Industries in the US in 2022

Based 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 2022

The 10 Least Risky Industries in the US

Industry
2022 Overall Risk Score
1.

Laboratory Supply Wholesaling in the US

2.54
2.

Medical & Recreational Marijuana Growing

2.54
3.

3D Printer Manufacturing

2.70
4.

Cryogenic Biobanking Services

2.75
5.

Solar Power in the US

2.86
6.

Medical & Recreational Marijuana Stores

2.97
7.

Hybrid & Electric Vehicle Manufacturing

3.01
8.

Rail Transportation in the US

3.04
9.

Hose & Belt Manufacturing in the US

3.06
10.

Flying Schools

3.10

Want to see more least risky industries?

View a list of the Top 25 least risky industries

Least Risky Industries in the US in 2022

  • 1. Laboratory Supply Wholesaling in the US

    2022 Overall Risk Score: 2.54

    The Laboratory Supply Wholesaling industry distributes professional equipment and supplies to laboratories, schools, government facilities and other private companies. The need for higher quality standards and regulations have driven companies to conduct more tests, promoting demand for industry products. Additionally, increased research and development (R&D) expenditure has supported industry revenue growth over the five years to 2022; however, rising e-commerce sales have hindered it, as manufacturers can bypass wholesalers to sell directly online.

    The COVID-19 (coronavirus) pandemic in 2020 and 2021 caused a significant spike in demand for industry products for the use of testing and vaccine development. Additionally, laboratory supply... Learn More

  • 2. Medical & Recreational Marijuana Growing

    2022 Overall Risk Score: 2.54

    The Medical and Recreational Marijuana Growing industry, which includes both employer and nonemployer establishments that grow marijuana for medical and recreational use, flourished over the five years to 2021. Watershed legalization victories over recent years, most notably during the 2016 and 2020 election cycles, proved that the cannabis industry is one of the fastest growing industries in the US. In 2020 alone, Arizona, Montana, New Jersey and South Dakota passed legislation to legalize recreational marijuana. Consumer attitudes are also accelerating legalization efforts at the state level. Gallup reports that an estimated 80.0% of US citizens approve of legal access to... Learn More

  • 3. 3D Printer Manufacturing

    2022 Overall Risk Score: 2.70

    Operators in the 3D Printer Manufacturing industry manufacture three-dimensional (3D) printers. 3D printing is considered a form of additive manufacturing, which involves taking a raw material and melting it into microscopic layers until it creates a 3D object. It differs from subtractive manufacturing, which removes material from an object to achieve the desired shape. While the 3D printing industry is nearly three decades old, it has surged ahead over recent years. The industry has been driven by rapid technological developments, falling costs and new applications for 3D-printing technology. Thus, over the five years to 2021, industry revenue is expected to... Learn More

  • 4. Cryogenic Biobanking Services

    2022 Overall Risk Score: 2.75

    The Cryogenic Biobanking Services industry is a critical resource for modern scientific research, particularly with respect to disease researchers, pharmaceutical companies and biotechnology researchers. Using cryogenic storage facilities to house samples, operators in this industry catalog biospecimens by genetic or environmental characteristics for use by researchers who require specimens with these traits. Cryogenic storage refers to placing biospecimens in a controlled environment at temperatures between -80.0 Celsius and -196.0 Celsius, which requires liquid nitrogen, in order to preserve cellular information and structures. Additionally, industry services have spiked in demand in response to the COVID-19 (coronavirus) pandemic, as scientists store samples... Learn More

  • 5. Solar Power in the US

    2022 Overall Risk Score: 2.86

    The Solar Power industry has experienced significant growth over the five years to 2021, propelled by favorable government incentives in the form of renewable portfolio standard (RPS) targets and vast improvements in the technologies used for electricity generation. RPS legislation, currently implemented in 29 states and territories, requires local utilities to generate a percentage of their total energy portfolio from renewable sources. Meanwhile, increased public support for green energy has led to tax incentives and grants to encourage investments in solar power. In light of these trends, industry revenue is expected to grow an annualized 21.8% to $10.8 billion over... Learn More

  • 6. Medical & Recreational Marijuana Stores

    2022 Overall Risk Score: 2.97

    The Medical and Recreational Marijuana Stores industry, which includes stores that retail medical marijuana (by prescription only) and recreational marijuana, has expanded dramatically over the five years to 2021. The legalization of marijuana for medical and/or recreational purposes and the growing acceptance of legal marijuana use provided operators and investors with unprecedented opportunities. There has been no shortage of demand over recent years, and the cannabis industry has become one of the fastest-growing in the United States.

    The legalization of recreational marijuana sales in several states has fueled revenue growth. Furthermore, the licensing of commercial recreational marijuana retailers has caused new... Learn More

  • 7. Hybrid & Electric Vehicle Manufacturing

    2022 Overall Risk Score: 3.01

    The Hybrid and Electric Vehicle Manufacturing industry primarily produces hybrid electric vehicles (HEV) and electric vehicles (EV), including plug-in electric vehicles (PEV) and plug-in hybrid electric vehicles (PHEV). Over the five years to 2022, industry revenue is expected to significantly expand, as technology continues to advance and long-term environmental concerns grow. Furthermore, as the price of batteries falls and industry products become increasingly competitive based on price, demand from downstream markets has continued to fuel growth at the manufacturing level. As a result, industry revenue has risen at an annualized rate of 19.1% to $26.6 billion over the five years... Learn More

  • 8. Rail Transportation in the US

    2022 Overall Risk Score: 3.04

    Companies in the Rail Transportation industry operate railroads across the United States, including both large (Class 1) railroads, regional railroads and local line-haul railroads that carry freight or passengers. Positive economic conditions boost demand for domestic and foreign goods alike, necessitating freight transportation. Further, as shippers seek environmentally friendly practices or low-cost transportation for bulk goods, fuel-efficient rail transporters receive high demand.

    The prices of crude oil and natural gas collapsed in 2020, culminating in lost revenue from fuel surcharges. Surcharges are commonly used by industry operators to limit the effects of volatile changes in fuel costs and protect profitability. While... Learn More

  • 9. Hose & Belt Manufacturing in the US

    2022 Overall Risk Score: 3.06

    The Hose and Belt Manufacturing industry produces a range of products, such as automotive v-belts, hydraulic hoses and belts for conveyers. These products are used by transportation, automotive and general industrial manufacturers, oil, gas and food service industries. A key market for this industry is the automotive sector, which purchases vehicle hoses and transmission belts for automobile manufacturing and repair. Industry operators are also dependent on other original equipment manufacturers, including manufacturers of agricultural, construction, mining and other machinery and equipment. Additionally, this industry also relies on the oil and natural gas exploration and production (E&P) market, which purchases belts... Learn More

  • 10. Flying Schools

    2022 Overall Risk Score: 3.10

    Over the five years to 2021, the Flight School industry is expected to grow an annualized 2.2% to $3.6 billion, including a projected 32.0% increase in 2021 alone. In 2020, revenue is expected to decline dramatically due to the adverse effects of the COVID-19 (coronavirus) pandemic on the travel sector, reducing demand for flying schools. As many airlines reduced the number of flights or completely halted all flights amid the pandemic, they furloughed a large number of employees, including pilots. Therefore, this placed negative pressure on the industry as fewer students enroll at flight schools when job prospects are low.... Learn More

More Industry Trends

Most Profitable Industries in the US in 2022

Based on the expert analysis and our database of 1,300+ US industries, IBISWorld presents a list of the Most Profitable Industries in the US in 2022

VIEW ARTICLE

Fastest Growing Industries in the US in 2022

Based on the expert analysis and our database of 1,300+ US industries, IBISWorld presents a list of the Fastest Growing Industries in the US by Revenue Growth (%) in 2022

VIEW ARTICLE

Want to see what a full IBISWorld report looks like?

Download a free sample report today to discover the breadth and depth of information available at your fingertips!

GET SAMPLE REPORT

Modal Header









GLOBAL
Australia
Canada
China
Europe
Germany
Mexico
New Zealand
United Kingdom
United States
chat_bubbleDeutsch
PRODUCTS
API Solutions
AU & NZ Enterprise Profiles
Business Environment Profiles
Call Prep Insights for Salesforce
Early Warning System
iExpert Summary Reports
Industry Research Reports
Industry Risk Rating Reports
Industry Financial Ratios
Industry Data Wizard
US Segment Benchmarking
US Company Benchmarking
US Benchmarking Pro
Industry Insider
SME Industry Reports
COMPANY
Our Story
Our Team
Client Success Stories
Careers
Contact Us
FAQ - Help Center
Industry Classifications
Modern Slavery Statement
MEMBERSHIP
Membership Inquiry
Request a Demo
Free Sample Report
Newsletter
Login
FOLLOW US
FOLLOW US
Copyright © 1999-2022 IBISWorld
Terms of Use | Cookie Policy | Privacy Policy | Sitemap