Based on the expert analysis and our database of 1,300+ US industries, IBISWorld presents a list of the Industries in Growth Stage of Life Cycle in the US in 2023
Want to see more industries in growth stage of life cycle?
View a list of the Top 25 industries in growth stage of life cycle2023 Units *: 59.2
The Online Gambling Services industry in the United States is home to operators that host internet platforms which enable consumers to wager on events such as digital table games and other sporting events, including horse racing. Overall, this is a small industry, with players such as MGM Resorts International, among others, which has sought to capture more consumer demand for gambling services by branching out into hosting online platforms. Other players in the sports betting segment are new, online-based endeavors, such as DraftKings Inc., which entered the industry in 2018. In 2020, the outbreak of the COVID-19 (coronavirus) pandemic is... Learn More
2023 Units *: 50.9
The CBD Product Manufacturing industry comprises manufacturers that produce CBD products such as supplements, foods and concentrates. Over the five years to 2022, the industry has experienced substantial growth, primarily driven by advances in industry regulation and increasingly favorable consumer attitudes to industry products. Most notably, The Agriculture Improvement Act of 2018 (Farm Bill) authorized the production of hemp and removed hemp and hemp seeds from the Drug Enforcement Administration (DEA)'s schedule of Controlled Substances. Therefore, the bill provided further legitimization for the industry. Overall, industry revenue is expected to increase an annualized 45.9% to $2.4 billion over the five... Learn More
2023 Units *: 31.5
For decades, all marijuana transactions in the United States were conducted under implicit or explicit prohibition. States have increasingly moved to legalize marijuana for medical purposes, though, as well as to implement regulations for organizations that produce and distribute cannabis. The growing acceptance of medical marijuana is providing operators and investors with unprecedented opportunities. Furthermore, the federal government has signaled its tacit acceptance of these state actions. Consequently, the Medical Marijuana Growing industry is expected to experience annualized revenue growth of 13.8% to $1.7 billion in the five years to 2013.
Revenue growth did slow in 2011, though, due to aggressive... Learn More
2023 Units *: 31.4
The Telehealth Services industry uses digital technology to deliver medical services and health education by connecting multiple users in different locations. Telehealth services include diagnosis, treatment, assessment, monitoring, communication and education. The industry includes a wide range of information, networking and digital imaging technologies, delivered primarily in three ways: videoconferencing, which provides real-time patient-provider consultations and provider-to-provider discussions; remote patient monitoring, in which electronic devices transmit patient health information to healthcare providers; and store-and-forward technologies, which transmit digital images, such as X rays, computerized tomography (CT) scans and video clips between primary care providers and medical specialists. Technology serves as... Learn More
2023 Units *: 29.6
The Hybrid and Electric Vehicle Manufacturing industry has expanded over the five years to 2011. Revenue is anticipated to grow 2.5% per year to $3.1 billion in the five years to 2011. High oil prices before and after the recession prompted consumers to purchase hybrid and electric vehicles at accelerating rates to stave off rising fuel expenses. Consumer tax credits for hybrid and electric vehicles also led to industry demand growth as more consumers could afford the industry's product (by letting consumers write off certain taxes associated with the purchase of a hybrid or electric vehicle). Rising environmental awareness among... Learn More
2023 Units *: 26.7
The RTD Mixed Spirit Production industry is focusing on innovation, as consumers consider cheaper substitutes and input prices shoot up. Firms are expected to expand their product lines and emphasize marketing in order to draw in new consumers in the five years to 2011, causing revenue to decline at a moderate average annualized rate of 1.6%. In 2011, IBISWorld anticipates revenue to recover by 2.6% to $715.6 million. Profit before interest and taxes is expected to total 15.0% of revenue, boosted by significant price increases and the exit of weaker players during the recession.
A weak US dollar has contributed to... Learn More
2023 Units *: 26.6
The Meal Kit Delivery Services industry has exhibited robust growth over the five years to 2020, propelled by the rise of consumers' healthier lifestyles and supported by sustained increases in the percentage of services conducted online. Consumers' affinity for the internet has driven the industry's growth during the period, particularly as ordering meal kits online saves time and provides for an easier way to purchase, prepare and cook meals. As rising disposable income levels have enabled consumers to pay premiums for meal kits with pre-portioned ingredients and a no-hassle shopping experience, the industry has surged. Over the five years to... Learn More
2023 Units *: 25.8
The Digital Advertising Agencies industry has enjoyed strong growth from an improving economy and new trends in online media. Over the past five years, industry revenue increased at an average annual rate of 6.3% to $12.6 billion in 2013. The recovering economy and labor market over the past five years have provided consumers with buying power and businesses with higher profit, allowing them to invest in future growth through digital advertising. Consumers are switching from newspapers, magazines, radio and TV to online news outlets, websites, podcasts and video streaming services, providing an opportunity for digital advertising agencies to promote products... Learn More
2023 Units *: 25.5
As a nearly brand-new industry, the Industrial Hemp Production industry is currently in a period of explosive growth. Hemp is the common name for cannabis sativa, a flowering plant used to produce marijuana. Industrial hemp, which has become synonymous with the name hemp, is a variety of cannabis that has only trace amounts of tetrahydrocannabinol (THC). With few exceptions, until 2018, hemp production was illegal in the US. However, the 2018 Farm Bill legalized hemp growing, on the grounds that the hemp grown have a THC content of less than 0.3% by weight. Upon legalization, the Industrial Hemp Production industry... Learn More
2023 Units *: 25.5
The Solar Power Generation industry generates electricity from the sun, using either solar collectors (arrays of mirrors) or photovoltaic panels. The production of solar power expanding strongly, albeit from a low base. Output is expected to be about 848 million kilowatt hours in 2010, compared with 550 kilowatt hours five years earlier. Despite the strong growth, solar electricity production accounts for only about 0.02% of total US electricity output.
The industry is expected to earn revenue of about $57.98 million in 2010 compared with $45.40 billion in 2005, yielding average annual growth of 4.7%. The increase reflects higher levels of electricity... Learn More
Based on the expert analysis and our database of 1,300+ US industries, IBISWorld presents a list of the Biggest Industries by Employment in the US in 2023
VIEW ARTICLEBased on the expert analysis and our database of 1,300+ US industries, IBISWorld presents a list of the Biggest Industries By Revenue in the US in 2023
VIEW ARTICLEDownload a free sample report today to discover the breadth and depth of information available at your fingertips!
GET SAMPLE REPORT