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Outlook: Employment in the Manufacturing Sector

Though much of the manufacturing sector is shedding employees, several key production industries are doing just the oppositeBy IBISWorld Analyst Lauren Setar The story is familiar: Overall employment suffered during the recession, adding to the already accelerating trend of outsourcing manufacturing jobs or replacing them with machinery. Nevertheless, there are a handful of manufacturing industries that IBISWorld projects will bolster their workforces during the next five years. Ranging from millwork to prefabricated home manufacturing, IBISWorld has compiled five manufacturing

Election Spotlight: Environment & Energy

Both candidates promise more domestic energy production, but the election will determine which energy industries stand to benefit the most.By IBISWorld Analysts Antonio Danova & Lauren Setar Growing awareness in the American public about energy and environmental issues has put related topics in the spotlight during election season, with each political party championing its own strategies for improving how the United States handles its environmental resources. Increasing demand for transportation and industrial production are driving up US consumption of oil and alternative energy, making

Fitness Industries Pump Up Revenue

Companies have nothing to sweat as exercise has become a priority for many consumersBy IBISWorld Analysts Americans are in the middle of a fitness craze. This movement is seeping into popular culture, as brightly colored yoga mats and fitness clothes fly off the shelves at retail stores, TV shows about weight loss grow more popular and spinning classes are fill up fast. More Americans are heading to the gym than ever before as they desperately desire washboard abs and chiseled biceps. In the midst of this growing enthusiasm, the fitness industries are becoming the biggest beneficiaries.

Restructuring and Car Sales Drive Employment Growth

Despite a rough few years with massive job losses, the auto industry is slowly beefing up production and workforces.By IBISWorld Analyst Antonio Danova  Although the automotive industry has been a hot topic over the past five years, discussions have focused more on the monetary losses and bailouts while somewhat overlooking industry employment trends. Fortunately, auto industry employment is expected to improve in the long run, and the restructured business models of the Big Three domestic automakers (GM, Ford and Chrysler) will prevent the domestic industry from reverting back to the

Industries Consolidate to Stay Competitive

Mergers and acquisitions help the big get bigger in an effort to reduce costs, reach more customers and expand product lines.By IBISWorld Lead Industry Analysts Agata Kaczanowska and Mary Nanfelt Big companies are getting even bigger, mainly through mergers and acquisitions (M&A), resulting in fast-paced consolidation in various industries. The main driver for M&A is economies of scale, which means that companies earn a higher margin on each additional unit produced. Economies of scale are most prominent when an industry has high input costs, which can diminish when inputs are bought in

US Wind Power Industry Picks up Speed

The Wind Power industry is growing quickly, making it a very low risk levelBy IBISWorld Senior Analyst Justin MolaviAs Seen in the ABA Journal  Favorable federal and state government incentives for the Wind Power industry  have been vital to its overall performance. Without these incentives, the industry would have difficulty competing with established forms of energy generation. Fortunately, growing interest in environmentally friendly technologies and renewable energy has also benefited firms. The

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