1.
Business Environment Risk for 2024: 7.38
Operators in the Sawmills and Wood Production industry cut and treat lumber, boards, beams and other wood products. As the national desire for wood relies heavily on overall construction activity, rising housing starts and the value of nonresidential construction caused industry revenue to grow strongly until 2022, especially during the COVID-19 (coronavirus) pandemic. Consumers spending more time at home and switching to single-use paperware both supported wood processing companies. Still, nonresidential construction declined during the same period; wood is used less frequently in industrial and office structures, but slowing economic activity still cut deep. Despite swaying in the gales of... Learn More
2. Metal Wholesaling in the US
Business Environment Risk for 2024: 7.23
See AlsoIndustries That Have Thrived During RecessionsSafe investments with high returns: 9 strategies to boost your portfolioIBISWorld - Industry Market Research, Reports, and StatisticsA Guide to 10 of the Fastest-Growing Industries to Watch in 2023Metal wholesalers purchase primary metal products in bulk from manufacturers and distribute them to markets on a customized basis. The primary metals they deal with are iron, steel and nonferrous metals including copper or aluminum. Success in this industry hinges on downstream production and the prices of metals. Shifts in the prices of metals have a mixed impact on the industry, as higher prices increase purchase costs, but make up for it by having a higher resale value. Low prices reduce the cost of stocking up but come with the chance of not providing a sufficient return to turn a... Learn More
3. Telecommunication Networking Equipment Manufacturing in the US
Business Environment Risk for 2024: 7.21
The Telecommunications Networking Equipment Manufacturing industry produces wired telecommunication equipment including network switches, routers, modems and gateways. This industry has experienced consistent declines in revenue over the years to 2023 despite an increasing number of broadband connections and a rising number of consumers that have acquired computers. Domestic demand for telecommunication network equipment products has greatly declined in the period, with a significant amount of demand satisfied by imports. The industry also experienced significant declines in revenue in 2020 because of volatility in the global economic environment brought on by the COVID-19 (coronavirus) pandemic. Revenue has plummeted, declining at a... Learn More
4.
Business Environment Risk for 2024: 7.20
The Copper, Nickel, Lead and Zinc Mining industry consists of companies that mine metal-bearing ores and sell them in raw form or as concentrates. Since the United States only contains one nickel mine, industry performance mainly depends on copper, lead and zinc production and prices. These minerals are key inputs in construction, electronics, and automobiles. Accordingly, demand fluctuates in unison with growth in global activity. China's vast appetite for copper and other metals creates a robust and direct relationship between Chinese demand and global market conditions. Industry performance has been stymied by waning global growth, particularly due to the ongoing... Learn More
5. Coal Mining in the US
Business Environment Risk for 2024: 6.94
Coal miners faced a highly volatile operating environment over the past five years. Wildly fluctuating commodity prices, declining mine output and the gradual transition toward cleaner and less-expensive energy alternatives have constrained domestic coal demand. Also, coal mining companies suffered from severe economic and supply chain disruptions that emerged following the outbreak of COVID-19 in 2020. Despite lower output, surging coal prices enabled coal miners to rebound in the latter half of the period. Industry-wide revenue has been growing at a CAGR of 1.5% over the past five years and is expected to total $35.4 billion in 2023, when revenue... Learn More
6. Oil and Gas Drilling Equipment Manufacturing in the US
Business Environment Risk for 2024: 6.92
The Oil and Gas Drilling Equipment Manufacturing industry provides machinery and equipment to oil and gas extractors. Major global events, such as the pandemic and the Ukraine war, have negatively impacted machinery manufacturers by creating significant volatility in commodity prices. Major production and travel slowdowns harmed demand for oil and gas, resulting in fewer extraction projects and lowering the need for machinery. Although prices bounced back as the economy re-opened, many oil and gas companies turned to imported machinery, which is more affordable. The Ukraine war, however, disrupted the global oil and gas supply chain, boosting demand for domestic production.... Learn More
7. Chicken Egg Production in the US
Business Environment Risk for 2024: 6.91
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
8. Oil Field Drilling Services in the US
Business Environment Risk for 2024: 6.85
The industry provides support services on a fee or contract basis to companies involved in oil extraction, mining and quarrying. Since the extraction of hydrocarbons dwarves that of any other mineral or energy source in the United States, most oil field drilling service companies are concerned with providing support services strictly to oil companies. Due to this relationship, the industry is exposed to numerous endogenous and exogenous factors that factor into the success of the Oil Drilling and Gas Extraction industry (IBISWorld report 21111). For example, rising hydrocarbon prices often yield an increase in demand for oil field drilling services... Learn More
9. Fuel Dealers in the US
Business Environment Risk for 2024: 6.83
The industry comprises dealers that supply gasoline, diesel, coal and other heating and vehicular fuels to households and businesses. Most industry revenue is derived from heating oil and propane sales for home heating purposes. During harsh winters, households and businesses will purchase more heating oil and propane, driving demand for fuel and increasing industry revenue. Moreover, industry fuel prices raise dealers' purchase costs when oil and natural gas prices rise. Given that demand for heating oil and propane is inflexible in the short term, fuel dealers can pass on much of these costs to downstream customers, increasing industry revenue and... Learn More
10. Cooking Oil Recycling in the US
Business Environment Risk for 2024: 6.80
Cooking oil recycling companies have been challenged over the five years to 2023 despite increased demand over the past decade. As biodiesel production has continued to expand, demand for used cooking oil has followed suit. While most biodiesel fuel is manufactured with virgin vegetable oil, used cooking oil can also be used to produce biodiesel after it has been filtered to remove food and other contaminants. However, demand for recycled oil has been undercut by affordable substitutes that are simply easier to source and transport in an environment riddled with supply chain issues. Despite also being used as an input... Learn More
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