Tips for Selling Your Business

Athletic and Sporting Goods Manufacturing

Over the five years to 2020, the Athletic and Sporting Goods Manufacturing industry’s performance has been somewhat volatile due to currency and exchange rate dynamics.

The trade-weighted index (TWI) is expected to rise an annualized 2.0% during the current period, representing an appreciation that has led domestic manufacturers to struggle to compete with lower-cost imports.

Additionally, international demand for industry products has been hindered as domestically produced goods became comparatively more expensive in foreign markets, decreasing export sales volumes.

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Asphalt Manufacturing

The Asphalt Manufacturing industry mainly produces manufacture paving and roofing materials, including asphalt and tar-paving mixtures and blocks, shingles, roofing cements and coatings.

Industry performance closely follows developments in construction and road infrastructure building.

Consequently, industry revenue moves in line with the overall construction market and changes in prices of raw materials.

In 2020, COVID-19 (coronavirus) spread globally, including all 50 states in the United States.

Consequently, the spread of the virus has led to major fluctuations in the global macroeconomic environment.

This, coupled with key macroeconomic economic catalysts, has resulted in industry revenue declining 3.0% in 2020 alone.

However, industry revenue has increased overall during the period, rising at an annualized rate of 0.7% to $25.7 billion over the five years to 2020.

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Arts Entertainment and Recreation

The Arts, Entertainment and Recreation sector comprises nine different subsectors of the US economy, from performing arts companies to gambling industries.

The enterprises and organizations within this sector operate establishments or provide services to satisfy the diverse recreational, cultural and entertainment needs of US consumers and foreign visitors.

Since the experiences provided by operators in this sector are considered discretionary, sector revenue is highly dependent upon available levels of household incomes, discretionary spending and leisure time.

Prior to the COVID-19 (coronavirus) pandemic, the sector benefited from growth in per capita disposable income and consumer spending.

However, sector revenue is expected to take a hard hit by the outbreak, causing sector revenue to decline 33.0% in 2020 alone.

Ultimately, Research expects sector revenue to fall an annualized 6.1% to $215.3 billion over the five years to 2020.

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Artificial Grass Turf Installation

The Artificial Grass Turf Installation industry includes contractors that install synthetic or artificial grass for sport applications, residential lawns or other commercial properties.

Technological improvements at the manufacturing level and an increasing focus on water conservation efforts have driven revenue growth for the industry over the five years to 2020.

Moreover, the industry has been supported by increased activity in construction markets for most of the current period, before the COVID-19 (coronavirus) pandemic decimated nonresidential construction markets in 2020.

Through 2019, an increase in sports turf installation and an expanding residential construction market have driven industry growth.

As a result, industry revenue is anticipated to increase overall at an annualized rate of 1.1% to $2.6 billion over the five years to 2020.

This growth is despite an 11.0% decrease estimated in 2020, largely due to the coronavirus pandemic and resulting economic downturn.

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Auto Parts Remanufacturing

Operators in the Auto Parts Remanufacturing industry acquire disassembled used components and combine several pieces to reassemble or remanufacture automotive parts, including alternators, starters, steering parts and electrical units.

The industry is unique due to its cyclical and countercyclical characteristics.

For example, during times of economic weakness, consumers tend to purchase remanufactured parts instead of newer, more expensive counterparts.

As a result, products in this industry are classified as inferior products, and demand tends to ebb and flow countercyclical to the business cycle.

But as industry product quality and durability continue to improve, remanufactured auto parts are gradually becoming more competitive substitutes for new auto parts.

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Auto Parts Manufacturing

Auto Parts Manufacturing industry operators manufacture various items, including exhaust systems and airbags, as well as heating, ventilation and air conditioning systems.

Exports of products such as these have seen an average annual decline of 13.7% to just $8.4 billion over the five years to 2020.

Meanwhile, an increase in consumer confidence and spending within the domestic market was able to partially offset losses in export sales for much of the period.

Profit within the industry has also been somewhat volatile over the five years leading to 2020 due to factors such as the high volatility of the price of inputs such as steel.

These declines were further exacerbated following the outbreak of COVID-19 (coronavirus), which significantly weakened demand for new cars in both domestic and international markets.

As a result of the lower demand for exports from the US market, revenue has lagged in recent years leading to 2020.

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