IBISWorld - Industry Market Research, Reports, and Statistics (2024)

1.

2024-2025 Revenue Growth: -21.2%

Iron and steel manufacturers melt and refine iron ore into pig iron, which is processed into steel and shaped in various shapes for downstream construction- and manufacturing-related industries. Manufacturers are directly affected by the fluctuating price of steel, which has become more volatile since the beginning of COVID-19. As input prices are highly volatile, the average profit margin varies yearly. COVID resulted in losses across multiple downstream markets, including vehicles, construction and containers, as consumer confidence fell. Some trends have spilled over to 2023, as inflationary fears placed pressure on consumers and companies.

Revenue for manufacturers follows a variety of factors,... Learn More

2. Unmanned Aerial Vehicle (UAV) Manufacturing in the US

2024-2025 Revenue Growth: -18.8%

The Unmanned Aerial Vehicles (UAV) Manufacturing industry has declined slightly, contending with government budget cuts. Industry companies produce and develop UAVs, or drones, which are remotely piloted or autonomously operated aircraft. Since most demand for drones comes from the US military, a decline in defense funding for UAVs has led the industry to decline, despite expected increased civil demand. Demand for new UAVs fell as the industry has supplied the military with an enormous fleet over the past decade. Industry revenue has declined at a CAGR of 1.4% to an estimated $4.5 billion over the five years to 2023, including... Learn More

3. Chicken Egg Production in the US

2024-2025 Revenue Growth: -10.0%

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

4. Wedding Planners in the US

2024-2025 Revenue Growth: -10.0%

Wedding planners organize and design marriage ceremonies and receptions. Over the five years to 2023, revenue for the Wedding Planners industry has declined as more couples have opted to plan their weddings themselves rather than hire industry operators. According to 2021 data from the Wedding Planning Institute, 27.0% of couples are using wedding planners. This contraction in demand for industry services mainly stems from an increase in the number of do-it-yourself (DIY) weddings. Consumers that do opt to hire wedding planners are spending more money than ever before. Over the years to 2023, industry revenue is expected to decline at... Learn More

5. Communication Equipment Manufacturing in the US

2024-2025 Revenue Growth: -9.4%

The Communication Equipment Manufacturing industry produces smartphones, radio and TV broadcasting equipment, satellites, antennas, global positioning systems (GPS) and mobile communications equipment. Manufacturers have endured multiple challenges and have struggled to maintain profit levels. This trend is mainly driven by high research and development (R&D) costs and falling equipment prices caused by lower-priced imports. Since the industry is diverse, specific product segments may perform better than others and large companies with contracts in place will be less affected than smaller manufacturers. The sector benefited from the 2020 pandemic as businesses were required to increase investment in equipment to support work-from-home... Learn More

6.

2024-2025 Revenue Growth: -9.1%

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 advertisem*nt 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 advertisem*nt 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

7.

2024-2025 Revenue Growth: -9.0%

The Oil Drilling and Gas Extraction Industry includes companies that profit from extracting and selling fossil fuels. Producers have experienced a high degree of volatility in recent years. Steady growth was ripped away when COVID-19 halted the economy, as restrictions limited the need for oil and gas. The conflict in Ukraine added to the uncertainty, as the reliance on Russian oil and gas was distributed between domestic producers and other sources. Although, as the economy recovered demand shot up quicker than supply could match, causing prices to surge and generate substantial returns. Revenue has grown at a CAGR of 10.6%... Learn More

8.

2024-2025 Revenue Growth: -8.2%

Offshore oil rig and platform construction plays an important role in the United States' energy sector. Growing oil production caused industry revenue to increase at the beginning of the five-year period to 2023. Still, oil price weakness started shortly thereafter and weighed heavily on industry performance, resulting in revenue declines which persisted several years. Also, the COVID-19 pandemic caused all types of travel activity to slump, further lowering oil prices and hampering the purchasing power from upstream oil companies. Offshore oil rig and platform construction revenue has plummeted at a CAGR of 6.7% over the past five years and is... Learn More

9. Computer Peripheral Manufacturing in the US

2024-2025 Revenue Growth: -7.7%

The industry relies heavily on its performance in the international markets, since an overwhelming amount of downstream demand comes from exports. An appreciation of the US dollar during the current period has certainly depressed growth. As COVID loomed and US businesses closed, consumers were forced inside for the better part of a year. Further decreases in revenue were offset by consumers purchasing from the industry for personal entertainment purposes. Revenue ultimately increased at a CAGR of 0.6% to $14.3 billion over the five years to 2023, with an increase of 1.8% in 2023 alone as profit reached 4.3%.

Demand for computer... Learn More

10.

2024-2025 Revenue Growth: -7.2%

Billboard and outdoor advertising companies generate revenue through leasing advertisem*nt space on display faces, including billboards, public transit and street furniture. Demand for the industry's services depends on trends in advertising expenditure, which makes the industry sensitive to fluctuations in consumer spending, retail sales, corporate profit and overall economic conditions. Operators face competition from various advertising media, with the most significant competitor being online advertisem*nts.

COVID-19 caused states to shut down most of the US economy in 2020, which resulted in a massive plunge in consumer spending. Since many industries that use outdoor advertisem*nts (e.g., manufacturers, retailers, restaurants) rely heavily on... Learn More