Industry Economics

Animal Food Production is the manufacture of food for animals such as cattle and pets.

Revenue in the sector is predicted to slip marginally over the next five years due to declining input costs.

However, some favorable developments have driven market demand, including expanded pet adoption, with the number of domestic cats and dogs increasing at an annualized rate of 1.8 percent over the five years to 2021.

Since the prices of industry goods are determined by domestic grain supplies, animal feed costs, and livestock prices, decreases in the prices of these inputs have stifled industry revenue growth.

As a result of these developments, market income is forecast to fall slowly at an annualized rate of 0.1 percent to $61.6 billion over the next five years, reaching $61.6 billion in 2021.

This involves an uptick of 2.3 percent in 2020 and 1.7 percent in 2021, respectively, due to the COVID-19 (coronavirus) pandemic, as increased pet ownership balances supply chain delays and declining market spending.

Over the last five years, the Amusement Parks industry has grown rapidly, owing primarily to a rise in foreign and domestic tourist numbers as well as increasing customer spending.

Amusement and theme park businesses provide customer entertainment by operating mechanical slides, water rides, sports, displays, themed exhibitions, refreshment stands, and other attractions.

The Walt Disney Company, Universal Parks & Resorts, SeaWorld Entertainment Inc.

Six Flags Entertainment Corporation, and Cedar Fair LP are the industry’s dominant players.

Despite the industry’s high level of competition, major theme park companies have used intellectual property rights to major film franchises and entertainment to gain customer bases.

As a result, Research predicts that gross market sales will fall by 6.1 percent on an annualized basis over the next five years, reaching $12.8 billion.

Operators in the Ambulatory Surgery Centers sector offer outpatient medical and emergency care services.

Ambulatory surgery centers (ASCs) increase patient safety and quality while lowering healthcare costs.

ASCs offer a cost-effective solution to hospitals that are dealing with scheduling problems, restricted operating room capacities, financial challenges, and inefficient operating room turnovers.

Furthermore, as medical science advances, certain surgical approaches have become less invasive, allowing a large amount of inpatient operations to now be conducted in outpatient environments.

According to the Ambulatory Surgery Center Association (ASCA), the industry’s landscape has shifted significantly, with hospital ownership now joining surgeon ownership.

Revenue for the Ambulance Manufacturing sector has grown over the five years to 2020.

Changing populations have contributed to the industry’s comparatively strong growth over this time period.

According to the Centers for Disease Control and Prevention (CDC), an ambulance is used in 15.7 percent of overall emergency room (ED) visits, with an ambulance being used in 35.2 percent of ED visits by people aged 65 and over.

The number of people aged 65 and older has increased over this period, bode well for operators.

Furthermore, the industry’s income has increased in tandem with rising healthcare spending and the number of individuals with private health insurance.

This has resulted in higher sales for hospitals and other emergency care providers, which has increased their proclivity to buy industry products.

The Ambulance Services sector has grown over the next five years, owing largely to demographic changes.

According to the most recent figures available from the Centers for Disease Control and Prevention (CDC), an ambulance is used in 14.5 percent of overall emergency room (ED) visits, with people aged 65 and over responsible for 32.6 percent of ED visits requiring an ambulance.

State budgetary concerns, especially in rural areas where tax revenue may be insufficient to support unified ambulance services, have prompted industry providers to shift to a corporate, for-profit business model.

Both Envision Healthcare Corporation and Air Methods Corporation recently completed divestitures of their medical transportation operations to private equity firms, indicating a market transition.

Furthermore, the industry has seen increased demand as a result of the COVID-19 (coronavirus) pandemic, which has resulted in a high number of hospitalizations.

The Aluminum Manufacturing industry has experienced considerable uncertainty in the five years leading up to 2020, owing primarily to increases in aluminum prices, which represent global supply and demand.

Although higher costs boost the expense of manufacturing purchased aluminum, operators normally pass on cost increases to consumers, resulting in increased industry sales.

Aluminum prices have been especially volatile over the last five years, coinciding with more sluggish demand from major markets.

As a result, revenue has fallen an annualized 3.7 percent to $34.2 billion over the five years to 2020, including a 15.0 percent drop in 2020 alone, as problems related to the COVID-19 (coronavirus) pandemic have triggered major market slowdowns and compounded business results.

Furthermore, profit in the sector is projected to slip in 2020.