Table of Contents
Peer-to-Peer Lending Platforms in the US
Investment Banking & Securities Intermediation in the US
Subprime Auto Loans in the US
3D Printing & Rapid Prototyping Services in the US
Solar Power in the US
International Airlines in the US
Tour Operators in the US
3D Printer Manufacturing in the US
Unmanned Aerial Vehicle (UAV) Manufacturing in the US
Hotels & Motels in the US
1. Peer-to-Peer Lending Platforms in the US
2023-2024 Revenue Growth: 30.5%
Peer-to-peer (P2P) lenders’ revenue has been dropping at an annualized 0.2% over the past five years, including an estimated 25.3% increase in the current year, and is expected to total $1.5 billion in 2023, with profit set to reach negative 0.4%. Pioneered and introduced in the United Kingdom in 2005, P2P lending platforms facilitate loans from individual investors that pool their money via operators’ online platforms to loan money to consumers and small businesses. The industry’s competitive advantage lies in its proprietary credit evaluation algorithms, which go beyond FICO credit scores used by traditional lending institutions.
2. Investment Banking & Securities Intermediation in the US
2023-2024 Revenue Growth: 27.4%
Strong returns in various financial markets and increased trading volumes have benefited businesses in the industry. Companies provide underwriting, brokering and market-making services for a range of financial instruments, including bonds, stocks and derivatives. Businesses benefited from improving macroeconomic conditions and interest rates remaining below historical averages. Overall, industry revenue has been growing at a CAGR of 11.5% over the past five years and is expected to total $492.1 billion in 2023, when revenue will jump by an estimated 22.3%.While many industries struggled in 2020 as a result of COVID-19, businesses benefited from the volatility caused by the pandemic.
3. Subprime Auto Loans in the US
2023-2024 Revenue Growth: 26.3%
Companies in the Subprime Auto Loans industry have contended with rising interest rates and significant economic volatility. Several small, specialized creditors have been pushed to bankruptcy because of diminishing profit and growing subprime auto loan delinquencies. According to Fitch Ratings Inc., the index of the 60-day delinquency rate of subprime auto loans reached 5.8% in February 2018 (latest data available), a worse rating than during the great financial crisis. As a result, many businesses have exited the industry.
4. 3D Printing & Rapid Prototyping Services in the US
2023-2024 Revenue Growth: 26.2%
The industry has grown over the past five years, driven by rapid technological development and new applications for 3D printing technology. While the falling price of 3D printing machines encouraged many companies to purchase their own machines and bypass outsourced services, demand has flourished. Additionally, as development and design services could be done remotely, the industry was one of the few which could continue operations unabated during the height of COVID-19 in 2020, resulting in 7.0% revenue growth in that year.
5. Solar Power in the US
2023-2024 Revenue Growth: 25.5%
The Solar Power industry owns and operates solar power-generating facilities in the form of either photovoltaic (PV) panels or solar thermal power stations. Solar power companies have gone through significant growth, propelled by improvements in the technologies used for electricity generation and government incentives, like the renewable portfolio standard (RPS) targets. RPS legislation requires local utility companies to diversify their portfolio and generate percentages of their energy production through renewable resources. Increases in public support for green energy led to tax incentives and grants to encourage investment in solar power.
6. International Airlines in the US
2023-2024 Revenue Growth: 24.9%
Demand for the International Airlines industry has experienced significant volatility over the past five years. During the beginning of the current period, mounting competition from foreign competitors and chronic overcapacity within the industry’s cargo transportation segment forced industry operators to slash ticket prices and reduce freight shipping rates, causing industry revenue to decline. Unprecedented disruption from the COVID-19 (coronavirus) pandemic generated the most substantial revenue decline in industry history. As global economies and health recover, pent-up consumer demand is anticipated to drive industry recovery toward the end of the period.
7. Tour Operators in the US
2023-2024 Revenue Growth: 24.4%
Tour operators encountered growth over most of the five years to 2023 and immense volatility in recent years. The industry is highly susceptible to geopolitical and global health events, which can dampen demand for tour packages in specific countries or regions. The pandemic led to mandatory government lockdowns and travel restrictions to curb the spread of the virus. This resulted in consumer confidence declining severely and inbound trips by non-US residents and domestic trips by US residents to plunge, causing revenue to plummet.
8. 3D Printer Manufacturing in the US
2023-2024 Revenue Growth: 24.1%
The 3D printer manufacturing industry has seen significant growth over the past five years, increasing at a CAGR of 14.6% to $7.7 billion, which includes 19.1% growth in 2023 alone. As prices for 3D printers declined, additive manufacturing has become more attractive to both businesses and consumers. The outbreak of COVID-19, which led to massive supply disruptions, has led the public and the government to consider new applications of 3D printing. The Additive Manufacturing (AM) Forward program, launched by the Biden Administration in 2022, focuses on advancing the development and adoption of 3D printing technologies in the US.
9. Unmanned Aerial Vehicle (UAV) Manufacturing in the US
2023-2024 Revenue Growth: 23.0%
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.
10. Hotels & Motels in the US
2023-2024 Revenue Growth: 22.8%
The Hotels and Motels industry offers short-term lodging in hotels, motels and resorts. The need for hotels and motels relies heavily on domestic and international tourism levels, making them dependent on the overall economic environment. Travel trends were impacted by the 2020 pandemic, as travel restrictions mostly paused tourism in the United States, causing hotels and motels to be one of the hardest hit industries by the pandemic. Lifting travel regulations resulted in skyrocketing hotel revenue. However, rising inflation has pushed some consumers to reduce spending on leisure activities, causing revenue to slow down.
Source from IBISWorld
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