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.

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.

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.

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.

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.

The Auto Maintenance and Repair Franchises industry has experienced steady growth over the five years to 2020.

The national unemployment rate declined significantly over the past five years.As a result, many consumers returned to commuting to work, which ultimately increased the number of cars on the road, leading to a rise in total vehicle miles.

As consumers used their vehicles more frequently, general wear and tear resulted in the vehicles requiring more regular repair and maintenance work.

These factors, coupled with rising disposable income, resulted in a rise in demand for industry services over the past five years.

Operators in the Auto Mechanics industry provide mechanical and electrical repair and maintenance for a variety of vehicles, including cars, trucks, vans and trailers.

Over the five years to 2021, the industry largely experienced healthy growth.The number of vehicles on the road expanded, along with the average age of the vehicle fleet.

As a result, demand from consumers and businesses rose.

Moreover, disposable income levels grew during much of the period, enabling more consumers to forego do-it-yourself repairs and enlist industry operators to complete the necessary repairs and maintenance for their vehicle.

However, over the five years to 2021, industry revenue is expected to decline an annualized 0.7% to $65.3 billion due to significant revenue declines experienced in 2020 amid the COVID-19 (coronavirus) pandemic.

Sustained macroeconomic growth over the early portion of the five years to 2020 has led to increased demand for the Auto Leasing, Loans and Sales Financing industry.

Consumers are most active in this industry when they anticipate future income stability.In addition, a decrease in interest rates reduces financing costs and incentivizes larger purchases, thereby fueling industry demand.

Rising consumer sentiment and declining unemployment translated into higher auto sales and steady car prices during the majority of the five-year period.

Historically low interest rates and the availability of lengthier loan terms aided consumers’ purchasing power, resulting in record automobile sales in the United States in 2016.

According to Cox Automotive Inc. automakers sold 17.0 million new cars and light trucks in 2019, representing a slight decline from all-time highs reached in 2016.

The Auto Glass Repair and Replacement Franchises industry has experienced strong demand over the five years to 2019.Broken or damaged windows in cars and trucks often must be repaired fairly quickly because the damaged glass may interfere with the safety of the driver and the vehicle.

The costs of these repairs are often covered by auto insurance providers, which helps shield the industry from sudden declines in its customers’ disposable income levels.

Nevertheless, the industry still tends to benefit from a stronger economy as individuals are less inclined to put off repairs when they feel more confident in their wallets.

Moreover, as the number of registered vehicles on the road has increased and the average age of vehicle fleets increased, the number of accidents has gone up, benefiting industry operators.

Overall, industry revenue is expected to increase at an annualized rate of 4.2% to $658.3 million over the five years to 2019, including an estimated 1.9% jump in 2019 alone.