Ten Key Industries That Will Decline, Even After the Economy Revives
While the U.S. economy is moving 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 under-perform, and within IBISWorld’s database of close to 700 industries, about 200 are in their decline phase. Of these 200, IBIS World has identified 10 that may be on the verge of extinction in the United States.
While the U.S. economy is moving 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 under-perform, and within IBISWorld’s database of close to 700 industries, about 200 are in their decline phase. Of these 200, IBIS World has identified 10 that may be on the verge of extinction in the United States.