[Vision2020] 10 industries that will decline

[Kenneth Marcy]

While the US economy is headed further into recovery, not every industry is
performing well. Industries go through life cycles, and largely speaking, 
these are growth, maturity and decline. Even in a recovery, declining 
industries continue to underperform, and within IBISWorld’s database of close 
to 700 industries, about 200 are in their decline phase. Of these 200, 
IBISWorld has identified 10 that may be on the verge of extinction in the 
United States.

The 10 dying industries

The 10 chosen industries all needed to be in the decline phase of their life 
cycle. Furthermore, during the 10 years from 2000 to 2010, the industries 
needed to experience a sizable contraction in revenue and establishments. 
Finally, to be in the list of 10, they needed to forecast further 
deterioration for revenue growth and establishments over the five years to 
2016.

From these basic boundaries, 10 industries were standouts:

Wired Telecommunications Carriers;
Mills;
Newspaper Publishing;
Apparel Manufacturing;
DVD Game and Video Rental;
Manufactured Home Dealers;
Video Postproduction Services;
Record Stores;
Photofinishing; and
Formal Wear and Costume Rental.


The entire four-page article is at:

http://www.ibisworld.com/Common/MediaCenter/Dying%20Industries.pdf 


Ken