Fastest Declining Industries in United States by Revenue Growth (%) in 2025

• 1. Autonomous Underwater Vehicle Manufacturing in the US

  2025 Revenue Growth: -17.9%

  Manufacturing autonomous underwater vehicles (AUVs) depends on government contracts and commercial viability. The Department of Defense (DoD) and other government entities have been major clients, developing projects such as Orca and Knifefish that highlight the potential of AUVs by enhancing payloads and facilitating naval integration. Similarly, research and commercial sectors have increasingly embraced AUV technology due to its cost-effectiveness and efficiency in data collection compared ...

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• 2. Tractors & Agricultural Machinery Manufacturing in the US

  2025 Revenue Growth: -15.0%

  The agricultural machinery manufacturing industry in the US is facing significant hurdles due to high crop stocks and persistent interest rates. While strong crop prices expanded machinery sales early in the current period, record-high production levels have since led to an oversupply, causing crop prices to plummet. Consequently, farmers' incomes have fallen, resulting in tightened budgets and deferred machinery purchases. Additionally, the market has been impacted by high interest rates, ma...

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• 3. Oilseed Farming in the US

  2025 Revenue Growth: -10.6%

  The oilseed industry has seen an overall revenue decline, dropping at a CAGR of 0.4% over the current period, reaching an estimated $1.372 billion by the end of 2025. This downturn is heavily influenced by global production trends, where record oilseed outputs and rising stock levels apply sustained price pressure. In the biofuel sector, volatile policies in the US and abroad have introduced uncertainty, but strong consumption continues to provide crucial demand support as international manda...

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• 4. Digital Music Downloads in the US

  2025 Revenue Growth: -10.3%

  The digital music download industry in the United States has witnessed substantial changes in recent years. With the proliferation of streaming services, demand for digital downloads has noticeably declined. Platforms like Spotify, Apple Music and Amazon Music have gained a significant foothold, providing consumers with expansive music libraries through subscription services. This shift signifies a consumer trend toward convenience and cost-effectiveness as the need to ...

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• 5. Tobacco Growing in the US

  2025 Revenue Growth: -9.5%

  The tobacco industry is undergoing significant transformation, marked by a steep decline in smoking rates. Currently, US adult cigarette smoking has reached a historic low of 10.8% in 2023, driven by the rising popularity of nicotine substitutes like vapes and pouches. This shift in consumer preference has sharply curtailed domestic tobacco demand, echoed by fragmented international demand where pockets of Asia and Eastern Europe maintain some interest. Overall industry revenue has been adver...

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• 6. Soybean Farming in the US

  2025 Revenue Growth: -8.7%

  The US soybean farming industry is navigating significant changes in the current period, with soybean prices determining the initial rise and recent decline in industry performance. These prices have been influenced by several key factors, including the growing demand for biofuels and mixed consumer perceptions regarding soy products. The demand for soybean oil in biofuel production surged due to supportive policies like the Renewable Fuel Standard and rising crude oil prices, creating a lucr...

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• 7. Sugarcane Harvesting in the US

  2025 Revenue Growth: -8.7%

  In the current period, the sugarcane industry has experienced robust price growth, bolstered by global supply constraints, driving revenue up at a CAGR of 4.7% since 2020, reaching $1.9 billion despite a 10.8% drop in 2025. The closure of Texas's last sugar mill amid persistent water shortages has impacted domestic production capacity, further concentrating operations in Florida and Louisiana. Sugar prices have surged considerably since 2020, providing a cushion for revenues even as hurricane...

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• 8. Inorganic Chemical Manufacturing in the US

  2025 Revenue Growth: -8.2%

  The industry has grown over the past five years, which has been marked by several influencing factors. One factor contributing to this growth has been the implementation of advanced manufacturing technologies, such as catalytic reaction innovations, which have enhanced production efficiencies. Regulatory changes, particularly the 2018 Toxic Substances Control Act amendments, have compelled companies to adapt their processes, leading to a shift towards environmentally sa...

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• 9. Copier & Office Equipment Wholesaling in the US

  2025 Revenue Growth: -7.7%

  Digitalization has steadily diverted demand from the Copier and Office Equipment Wholesalers industry. Traditional office equipment has faced mounting pressure from the evolving digital landscape, altering how information is presented, consumed and shared, reducing the need for many products distributed by wholesalers. The COVID-19 pandemic hastened this shift, with numerous offices adopting remote or hybrid work policies. Though recent corporate profit growth temporarily cushioned the declin...

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• 10. Paper Wholesaling in the US

  2025 Revenue Growth: -7.6%

  Digitalization has deteriorated demand for traditional paper products. Demand for paper products has fallen as individuals, retailers, other wholesalers and corporate clients have adopted digital technology to perform tasks more efficiently and at a lower cost, reducing the need for paper. Moreover, as sales have moved online, wholesalers have been further cut out of the paper supply chain as more customers purchase directly from superstores and manufacturers. As the move toward hybrid-work a...

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