Paper Example - American Industries

In the United States of America, the healthcare industry is a rapidly growing industry. Statistically, the national healthcare spending in the country is expected to grow at an average yearly growth rate of 5.4% from the year 2019 to 2020. Besides, according to 2018 statistics, the healthcare sector in the country was worth $8.45 trillion (Galvani et al., 2020). It also had an annual growth rate of 7.3% since 2014: a fast pace of growth. The government of the United States of America also spends substantially in the sector than any other country across the globe. The 2017 healthcare spending by the government is $3.5 trillion, representing 18% of the gross domestic product (Galvani et al., 2020). There are also statistical agencies commenting that the healthcare industry is one of the largest as well as the fastest-growing sectors in the country. Therefore, it can safely be concluded that the healthcare sector is experiencing rapid growth.

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For the dry cleaning industry, it is declining. Following the projections of this year 2020, the market size growth for dry cleaners is -0.4%. Further, the annualized market size growth of dry cleaners in the country from 2015 to 2020 is -0.8% (Zaichenko & Shterenberg, 2019). As such, it can be observed that in either case, there is negative growth in the market of dry cleaners, a clear indication of a declining industry.

There is also the energy drinks, sports drinks, and vitamin-enhanced beverage industry in the country. The industry is registering slow growth. Such can be substantiated by the available data on its performance from 2014 to 2019. It grew at 5% over the period (Bhadekar & Bhola, 2019). Following the rate, the revenue from the sector increased by $9.5 billion from 2014 to 2019. In 2019, it was anticipated that it would grow at 1.2%, an indication of its slow growth rate.

The camera film and film-developing industry, in the country, is declining. From 2015 to 2020, the industry had an average growth rate of -3.9%. The negative growth rate serves as an indication of waning fortunes of the sector (Troop & Anchell, 2019). The sector is projected to further decline based on the reducing customer base. The decline can be attributed to the introduction and wide usage of high-quality cameras in smartphones (Troop & Anchell, 2019). Further, there is a reduction in the demand for analog cameras and films, where digital cameras are preferred instead.

Moreover, there is wine, beer, and liquor retailing industry in the country, having a slow growth. From 2015 to 2020, it had an average growth rate of 2.5%. In the year 2020, the industry is expected to grow at 2.2%, leading to the growth of cumulative revenue estimates of the past five years to $62.5 billion (Blanchette, Ross, & Naimi, 2020). Therefore, the growth rate is making the industry to experience slow growth.

The U.S domestic airline industry has slow growth. It turns out that the revenue from the industry has been increasing yearly from 2015 to 2020. The increase rate is 0.3%, making the revenue to total $138.3 billion over the five years to 2020: making the worth of the airline to be $138.3 billion in 2020 (Ciliberto, Cook, & Williams, 2019).

For the retail banking industry in the country, is experiencing rapid growth. Such can be observed in the American deposit banks that registered the high average growth rate of 5.2% from 2014 to 2018 (Poudel, Zhang, & Simon, 2019). The growth can be attributed to the large population of the American population preferring to save their funds for the future according to the 2019 banking and payments survey. Between 2019 and 2023, the United States deposits market is expected to grow by 4.1%. By the end of -2018, the United States banking system had a total of $17.9 trillion as assets alongside the net income of $236.8 billion (Poudel, Zhang, & Simon, 2019). The sector is considered to support the world’s largest economy that has the greatest diversity in banking institutions as well as the concentration of private credit in the country.

For the case of the retail bookstore industry in the United States of America, it is declining. From 2015 to 2020, the average growth rate of the industry is -2.8%. Thus, the bookstore's industry has kept on declining over the past five years. Currently, it can be valued at a cumulative revenue of $11.3 billion (Baidis et al., 2019). Moreover, the revenue is expected to decline by 1.6% in 2020, with the decline being accelerated by the outbreak of coronavirus pandemic.

Additionally, there is a computer video games industry with turbulent growth. It can be observed that from 2014 to 2019, it had an annual growth rate of 14.4%. The industry has been experiencing strong returns to spending on its products in the five years to 2019 (Egenfeldt-Nielsen, Smith, & Tosca, 2019). The growth is contributed by low-cost games for mobile devices, raising the sales of games, downloadable content, and consoles. Thus, the move is motivated by the digital nature of sites used to access videoss.

Finally, the newspaper industry is fragmented. It can be observed from the statistics of 2014 where there were 1,331 daily newspapers in the country. They offer similar services for advertisement, and there is no specific giant newspaper entity in the country (Giuliano, 2019). The industry had total estimated revenue of $14.3 billion, with the total circulation being $11 billion. The revenue is the combination of individual revenues for all the newspapers in their respective jurisdictions.

References

Baidis, S., Greco, A. N., Kontolios, M. D., McCullen, M., Rittenhouse, N., & Wharton, R. M. (2019). Creating Competitive Advantage: The Growth of Independent Bookstores in the US 2009–2018. Publishing Research Quarterly, 35(4), 670-684.

Bhadekar, R., & Bhola, J. (2019). 4.1 Beverages. Preservatives and Preservation Approaches in Beverages: Volume 15: The Science of Beverages, 115.

Blanchette, J. G., Ross, C. S., & Naimi, T. S. (2020). The Rise and Fall of Alcohol Excise Taxes in the US States, 1933–2018. Journal of Studies on Alcohol and Drugs, 81(3), 331-338.

Ciliberto, F., Cook, E. E., & Williams, J. W. (2019). Network Structure and Consolidation in the US Airline Industry, 1990–2015. Review of Industrial Organization, 54(1), 3-36. https://link.springer.com/content/pdf/10.1007/s11151-018-9635-y.pdf

Egenfeldt-Nielsen, S., Smith, J. H., & Tosca, S. P. (2019). Understanding video games: The essential introduction. Routledge. http://www.revistacomunicacion.org/pdf/n7/resenas/r1_Understanding_Videogames.pdf

Galvani, A. P., Parpia, A. S., Foster, E. M., Singer, B. H., & Fitzpatrick, M. C. (2020). Improving the prognosis of health care in the USA. The Lancet, 395(10223), 524-533. https://www.sciencedirect.com/science/article/pii/S0140673619330193

Giuliano, E. (2019). Strategy and business model: the digital revolution in the newspaper industry. https://tesi.luiss.it/id/eprint/26023Poudel, J., Zhang, D., & Simon, B. (2019). Habitat conservation banking trends in the United States. Biodiversity and Conservation, 28(6), 1629-1646.

Troop, B., & Anchell, S. (2019). The Film Developing Cookbook. Routledge.

Zaichenko, V. M., & Shterenberg, V. Y. (2019). The capture of CO2 at Thermal Power Stations as One of the Main Trends toward Reducing Anthropogenic Carbon Dioxide Emissions. Thermal Engineering, 66(6), 440-449. https://link.springer.com/article/10.1134/S0040601519060107