Declining Industry

Declining Industry

An industry producing one or more products that are declining in demand, profitability, or both. A declining industry may be suffering losses, or it may still be making a profit that has been shrinking consistently. An industry may go into decline for a number of reasons. The economy may decline and the industry's products may suddenly be considered luxuries. Alternatively, a new technology may be developed that renders an industry obsolete. For example, the video cassette recording (VCR) industry was performing well for approximately 20 years. However, the introduction of DVDs, which are more efficient and of higher quality, turned the VCR industry into a declining industry. See also: Industry Life Cycle.
References in periodicals archive ?
Not a word about strikes, declining industry or the Militant Tendency, not a single tired joke about disappearing hubcaps, shell suits or frightful perms.
We are ambivalent to owning stock of the Company if it continues to operate as an independent entity in a declining industry niche.
It blamed declining industry volumes in Europe, which have been hit by increasing regulation and taxation and the growth in illicit trade.
It blamed declining industry volumes in Europe, which have been impacted by increasing regulation and taxation and the growth in illicit trade.
Both are a microcosm of upstate communities: declining population, declining tax revenue, declining industry, decaying infrastructure, 10% state income tax, etc.
Concern at the fast declining industry in the province, coppersmiths and residents cite the constantly rising utensil imports as a principal reason for declining demand for local copper products.
But voters might ask whether the future of a declining industry is what really matters to Scotland's future.
Responding to claims that the country's economy would be too reliant on a declining industry, the First Minister said oil taxes would merely be a "bonus".
Yet here in the North East, our politicians blindly plough on with grants to fund more capacity in a declining industry.
According to Ahmed, it would be difficult to break away from declining industry trends on the back of maturation.
statistics are far bleaker, especially since government employment is considered a declining industry in the U.
Successive US ambassadors in India have laboured to stress the need for a "level playing field" for a declining industry that saw deliverance in the deal.