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Industries on their way UP in 2010

Posted on: December 30, 2009

With the economy showing signs of recovery, industry research firm IBISWorld analyzed more than 700 industries to identify the winning sectors in the coming year.

Many of the biggest industry losers during the recession are expecting a massive rebound in revenue growth and are on their way up in 2010:

Finance
The financial system, which was brought to its knees over the past two years, is showing signs of life. The biggest winners in the upcoming year will be:

However, these industries have a long way to go before they return to pre-recession conditions.

Oil & Gas
Much like the finance sector, oil-related industries are expected to rebound strongly in 2010:

Demand for crude oil and gas will rise substantially in 2010.  With the recovery in the world economy and increasing revenue prospects for fuel distributors and retailers, operating conditions will be more favorable.

Automotive
Virtually the entire automotive supply chain in 2010 will be in far better shape than the disasters of the past two years:

In fact, these industries and New Car Dealers are the top three growth industries in terms of employment for 2010 – all of which will grow their employee size by more than 16 percent.

Telecommunications
The telecommunications sector has remained resilient in the face of the recession, and is set to thrive during the recovery:

This sector is poised to prosper from a recovery with the government’s allocation of $7.2 billion in stimulus funds. Throughout the recovery, M&A activity is expected to continue as telecoms attempt to position themselves to make the most of the converged communications world that will emerge over the next decade.

Retail
Following a dismal year of retail demand over 2008 and much of 2009, the coming year is set to be far more positive for retailers:

Although spending in 2010 will not mirror the highs experienced throughout the economic boom, it will be significantly better than that of the past two years. eCommerce-related businesses will outperform the broader retail market, while women’s and children’s clothing sales will also experience favorable gains. However, men’s clothing will take longer to recover.

Health
Operators that provide elective treatments had some trouble during the first half of 2009, as the labor market has deteriorated and consumer sentiments remained weak.  But, demand should intensify for these industries from mid-2010 onwards:

Other Winners
Other industries expected to experience solid growth during the recovery period include Donations, Grants and Endowments, Water Well Drilling, Mining Support, and Biotechnology.

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