U.S. businesses are very different today than they were even as recently as ten years ago. A number of manufacturing industries are no longer as dominant as they once were, with large portions of production moving overseas or the product simply becoming obsolete. Other traditionally strong industries have also changed dramatically as digital and online technologies have continued to proliferate.
At the same time, other industries have had meteoric growth. Using data from market research company IBISWorld, 24/7 Wall St. reviewed U.S. industries to find the fastest growing — and the fastest shrinking — industries over the past five years.