Industry Economics

The Aerial Work Platform is a type of aerial work platform.

The manufacturing sector has risen moderately over the five years to 2020, but with considerable year-to-year fluctuations.

Construction operation drives market demand and aerial work platforms are used by almost all construction industries.

Construction equipment leasing agencies are among the main buyers of business products.

As the five-year era began, leasing firms sought to expand their inventory in order to raise sales.

However, declining steel prices and a lack of demand from the oil and gas construction industries dampened revenue growth.

For the next five years, market income is forecast to grow at an annualized rate of 1.3 percent to $4.8 billion, including an 11.3 percent drop in 2020 due to the negative economic effects of the COVID-19 (coronavirus) pandemic.

After-School Activities Youth activities that take place outside of the conventional school day are organized by the providers sector.

After-school activities can be used in a multitude of settings, such as colleges, community centres, museums, and parks.

Games, homework aid, and opportunities for creative expression are typical practices.

The number of students engaging in after-school programs has grown over the five years to 2019, owing to increased demand, a considerable portion of which remains unmet.

Rising per capita disposable income and increased workforce involvement by two-parent households have fueled industry demand development.

However, federal support for the US Department of Education initiative 21st Century Community Learning Centers, which is a significant source of income for the sector, has decreased over the last five years.

As a result, market income is expected to fall by an annualized 0.5 percent to $22.4 billion over the next five years, including 1.4 percent in 2019.

The Agribusiness sector is made up of businesses that operate at the production, wholesale, and manufacturing stages of the food supply chain, all the way up to the point of retail sale.

Food processors and grain wholesalers, as well as farming equipment producers and growers, are also part of the industry.

As the market grows and diversifies, major multinational corporations are becoming more interested in agribusiness.

These multinational companies have aggressively promoted vertical integration and merger and acquisition operation in the market, as well as actively increased industry profitability.

However, the sector has faced a number of problems, including low and unpredictable agricultural prices, worsening trade disputes with China, increasing levels of farm debt, and farm bankruptcy.

For the five years to 2020, industry sales increased by an annualized 0.1 percent to $2.7 trillion, including a 0.4 percent growth in 2020 alone as farm prices rose.

Over the next five years, the Agricultural Banks industry is expected to grow as a stressed agricultural sector adds to its debt load.

Farm income has been decreasing since 2014 as a result of severe drought, disease, fluctuating food prices, and retaliatory Chinese tariffs.

When agricultural operators struggled with viability, agricultural banks jumped in with short-term loans and debt refinancing to include a lifeline.

The industry has benefited from increased loan activity.

Research forecasts market sales to rise at a 2.4 percent annualized pace to $15.7 billion over the next five years, with a 0.3 percent boost in 2019.

Despite growth in covered acreage, revenue from collected premiums for the Agricultural Insurance sector fell over the five years to 2020.

Premiums in the industry fell as the prices of main goods, such as soybeans and maize, fell.

Crop insurance is mainly provided by industry producers, and it protects against crop damage due to natural disasters as well as sales loss due to drops in agricultural product prices.

The federal government is actively active in the sector, subsidized insurance rates for growers and supplying reinsurance to industry operators.

Losses from different crops and geographies are often highly correlated, resulting in large structural consequences from natural disasters such as drought and storms.

As a result, government aid encourages producers to maintain crop productivity while also allowing market participants to continue providing agricultural insurance.