10.14.24

As an investor, consultant, or marketing professional evaluating the U.S. employment landscape, it’s important to stay informed on key trends shaping the job market. Whether advising a company on talent strategies, or helping individuals position themselves for success, understanding the latest shifts in employment trends is crucial for identifying growth opportunities and optimizing operational decisions. Below are the most significant trends affecting job seekers today, as well as broader economic and technological factors that are reshaping the way companies hire and retain talent.

Even more information on job seeking is available.  Check out our Major Employers Market Research center!

Plunkett’s Jobs: Major American Employers Industry eBook, latest edition.

1. Economic Pressures on Employment

The overall U.S. economy has faced major shifts in recent years, and economic conditions continue to play a central role in determining job market trends. Interest rate fluctuations, for example, have had a profound impact. Following years of exceptionally low interest rates, the Federal Reserve’s recent tightening cycle led to increased borrowing costs, slowing business expansions and triggering layoffs in some sectors.

As of late 2024, the job market is in a state of flux, with many major employers either announcing layoffs or imposing hiring freezes. Despite these challenges, select sectors—such as cloud computing, e-commerce, and consumer services—continue to experience growth and remain resilient. For businesses, this calls for a delicate balance between managing costs and ensuring access to top talent.

2. Shift to Hybrid and Remote Work

The pandemic accelerated the transition to remote and hybrid work environments, and while some firms are pulling back on full-time remote roles, hybrid models are expected to persist across industries. This new norm has led to a rethinking of job performance evaluations and career growth. Workers who maintain more visibility in the office may be better positioned for promotions, creating potential friction as companies navigate productivity expectations.

For consultants advising businesses, this ongoing shift presents an opportunity to help organizations optimize hybrid working models. Encouraging transparency in performance metrics and fostering strong communication channels will be essential for ensuring long-term success in a hybrid world.

3. Sector-Specific Opportunities

Even as some industries face hiring freezes, others are experiencing above-average growth and job creation. Investors and consultants should take note of high-growth sectors such as:

• Cybersecurity
• Health care technology
• Internet of Things (IoT)
• E-commerce and cloud computing
• Payments technologies

For example, companies specializing in artificial intelligence (AI), robotics, and mobile applications are expanding rapidly. These sectors not only present significant opportunities for job seekers but also offer lucrative investment potential, given their expected long-term growth.

4. Technology’s Role in Transforming the Workplace

Technology continues to revolutionize the workplace, particularly through automation, artificial intelligence, and data analytics. Robotics and AI are becoming key drivers of productivity in industries ranging from manufacturing to retail. This has broad implications for the future of work, as more roles are expected to be impacted or even displaced by technological advancements.

For businesses, the challenge is twofold: balancing automation with the need for skilled human workers, and continuously retraining employees to stay current with technological advancements. Workforce training programs will be critical in ensuring that employees are prepared for emerging roles, such as data scientists, AI specialists, and automation engineers. For investors, these areas of technology present ripe opportunities for growth and innovation.

5. The Growing Importance of Outsourcing

Outsourcing remains a powerful trend across numerous industries. From IT services to supply chain management, businesses are increasingly turning to third-party providers for efficiency gains and cost savings. This trend is especially prominent in logistics, with third-party logistics (3PL) companies such as FedEx and UPS playing an important role in automating and optimizing supply chains.

The outsourcing boom also extends to corporate services like food distribution, maintenance, and even computing via cloud services. Investors and businesses alike should focus on companies that are leveraging outsourcing to streamline operations and enhance profitability.

6. The Impact of the Gig Economy

The gig economy continues to disrupt traditional employment models, with millions of Americans working as independent contractors for platforms like Uber, Lyft, and TaskRabbit. The flexibility of gig work appeals to many, particularly students, part-time workers, and retirees. However, it comes with downsides, including the lack of employee benefits like healthcare and retirement plans.

One key issue for the gig economy is the ongoing debate over worker classification. If governments rule that gig workers should be treated as employees, companies in this space could face significant regulatory and financial burdens, such as higher payroll taxes and increased labor protections. For consultants and businesses, it will be critical to keep an eye on regulatory developments in this space, as they could dramatically reshape business models and cost structures.

7. Reshoring and U.S. Manufacturing

Reshoring—the return of manufacturing operations to the U.S.—has gained momentum in recent years, accelerated by supply chain disruptions during the pandemic. Rising wages in traditional outsourcing hubs like China have made American manufacturing more attractive, especially in industries that benefit from proximity to their customer base and lower U.S. energy costs.

Though reshoring has yet to result in a large number of new manufacturing jobs, the trend presents opportunities for companies focused on advanced manufacturing technologies, such as robotics and 3D printing. These innovations allow companies to produce goods with fewer workers, boosting productivity while keeping labor costs in check.

8. Older Americans Staying in the Workforce

The aging of the Baby Boomer generation is another major trend affecting the labor market. Many older workers are choosing to delay retirement, creating increased competition for younger job seekers. However, employers in industries like retail and engineering often find older workers desirable due to their experience and reliability.

For businesses and investors, retaining experienced employees can offer a significant competitive advantage. Companies that implement strategies to engage older workers and transfer their institutional knowledge will be better positioned to maintain operational stability and continue driving growth.

Strategic Takeaways for Businesses and Investors

Navigating the U.S. job market in 2024 requires businesses and investors to be acutely aware of the rapidly changing economic, technological, and regulatory landscape. Key strategies for success include:

• Focusing on high-growth sectors: Investors should look for opportunities in technology-driven industries such as cybersecurity, AI, and e-commerce.
• Adapting to hybrid work models: Consultants and businesses must find ways to optimize hybrid working arrangements, ensuring both productivity and employee satisfaction.
• Leveraging outsourcing: Companies should continue to explore outsourcing options to streamline operations and reduce costs, particularly in logistics and IT.
• Embracing technology: From AI to robotics, businesses must stay ahead of technological innovations that are reshaping industries and job roles.

By understanding these trends and positioning themselves accordingly, businesses and investors can capitalize on emerging opportunities while helping workers navigate the evolving employment landscape.

For investors, consultants, and marketing professionals!

Key Concepts:  Jobs, careers, employers, interviewing, job hunting, job search, industries, business, economics, investing, marketing, manufacturers, services, finance, recruiting

Source: Plunkett Research, Ltd., Copyright © 2024

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on American Employers.  (See: https://www.plunkettresearch.com/industries/major-employers-jobs-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete report by Plunkett Research analyzing both America’s top employers and the major trends sweeping through business and the economy that affect job seekers of all types.  THE ALMANAC OF AMERICAN EMPLOYERS is the premier guide to 500 of the largest, most successful corporate employers in the nation (those with 2,500+ employee count), their employment practices, benefits and financial performance.

Key Features:

• Job market trends analysis, data and competitive intelligence
• Statistical tables
• Employment forecasts and statistics
• Important Contacts for Job Seekers
• In-Depth Profiles of 500 of the largest, fastest-growing corporate employers
  
  

Gather Key Insights, Such As:

• How is each industry evolving?
• How is employment being shaped by new technologies?
• How is demand growing?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

The Almanac of American Employers and the related online Major Employers Research Center are designed to be time-saving business tools for job seekers, marketers, sales directors, consultants, and strategists seeking to understand vibrant American corporate employers.  It will also be of great use to placement, recruiting and human resources professionals, as well as professionals working in economic development, lending, and media.  This feature rich almanac includes:

Contents, Statistics and Analysis Include:

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting Job Seekers

1. The U.S. Job Market Overview
2. Cost Control Remains a Major Concern at Employers/Consolidation Through Mergers Continues
3. The Sharing & Gig Economy’s Effect on Employment, Work Life and Careers
4. Technology Continues to Create Sweeping Changes in the Workplace
5. Continued Growth in Outsourcing, Including Supply Chain and Logistics Services
6. Offshoring and the Reshoring of American Manufacturing
7. Older Americans Will Delay Retirement and Work Longer/Many Employers Find Older Employees Desirable
8. Employment Sectors that Will Offer an Above-Average Number of Job Opportunities

Plunkett Research Provides In-Depth Tables for the Following Statistics

1. U.S. Employment Statistics Overview: 2023-2024
2. U.S. Civilian Labor Force: 1998 – July 2023
3. Employment by Major Industry Sector: 2012, 2022 & Projected 2032
4. Number of People Employed and Unemployed, U.S.: July 2023 vs. July 2024
5. U.S. Labor Force Ages 16 to 24 Years Old by School Enrollment, Educational Attainment, Sex, Race & Ethnicity: October 2023
6. Retirement Benefits in the U.S.: Access, Participation and Take-Up Rates, March 2023
7. Top 30 U.S. Fastest Growing Occupations by Percent Change in Job Growth: 2022-2032
8. Occupations with the Largest Expected Employment Increases, U.S.: 2022-2032
9. Occupations with the Fastest Expected Decline, U.S.: 2022-2032

10.3.24

The automobile industry is undergoing a transformative phase, driven by technological advancements, shifting consumer preferences, and evolving environmental regulations. As an investor, consultant, or marketing professional, understanding these trends is crucial for identifying opportunities and challenges in this dynamic sector. Here are the most significant trends shaping the future of the automobile industry.

Even more information on this industry is available! Check out our Automobile Industry Center!

Plunkett’s Automobile Industry eBook, latest edition.

1. Electrification of Vehicles (EVs and Hybrids)

The rise of electric vehicles (EVs) is a central theme in the automobile industry. Both fully electric cars and plug-in hybrid electric vehicles (PHEVs) have seen significant investments and interest globally. According to Plunkett’s Automobile Industry Almanac, sales of EVs in the U.S. have grown steadily from 490,456 units in 2021 to over 1.1 million in 2023. However, despite this growth, EVs still account for a relatively modest 7.1% of total vehicle sales in the U.S. by 2023.

This electrification trend presents both opportunities and challenges. Opportunities include the rapid expansion of battery technology and infrastructure development, such as the U.S. government’s $5 billion investment in expanding EV charging stations. Major car manufacturers like Ford, GM, and Tesla are leading this shift, with Tesla being a dominant player in the EV space.

However, there are challenges that remain. One key issue is range anxiety—the fear that EVs will run out of battery before reaching a charging station. Additionally, the high cost of batteries continues to impact EV production profitability. Ford, for instance, reported substantial losses in its EV division, with each unit costing the company around $130,000 in the first quarter of 2024. These factors indicate that while EVs are a major growth area, the road to profitability for manufacturers remains fraught with hurdles.

2. Technological Advancements in Battery and Power Storage

Battery technology is at the heart of the EV revolution. Major investments are being made to improve battery capacity, reduce costs, and enhance safety. Innovations like lithiumferrophosphate(LFP) batteries, which use iron instead of cobalt or nickel, are gaining traction due to their lower production costs and enhanced safety features.

Several companies, including Tesla and Rivian, are embracing this technology, and advancements in battery efficiency are expected to reduce costs by 40%. Additionally, startups are working on next-generation batteries that can increase vehicle range and decrease reliance on rare materials like cobalt.

For investors, the development of battery factories and the growing demand for power storage solutions represent a significant area for long-term growth. Investing in companies focused on battery technology, such as Tesla and battery manufacturing firms like Panasonic or LG Chem, could yield strong returns as EV adoption increases.

3. Shift Toward Autonomous and Connected Vehicles

The automobile industry is seeing massive investments in autonomous vehicle (AV) technology. Companies like Uber, Lyft, and Tesla are at the forefront of autonomous driving research. According to Plunkett Research, major auto manufacturers worldwide are heavily investing in developing self-driving technologies that allow vehicles to communicate with each other and operate autonomously in real-time.

The connected vehicle trend, driven by advances in telematics and onboard software, is another major shift. Technologies like vehicle-to-vehicle (V2V) communication and intelligenttransportation systems (ITS) are becoming more widespread. These systems enable cars to communicate with infrastructure and other vehicles, improving safety and efficiency.

From a marketing and investment perspective, autonomous and connected vehicle technologies open up new revenue streams and business models. For instance, ride-hailing companies could benefit greatly from autonomous cars, significantly reducing labor costs and offering more affordable services. Additionally, there are opportunities to invest in companies specializing in AI, telematics, and ITS technologies.

4. Challenges in the EV Supply Chain and Global Competition

The EV supply chain, particularly for batteries, is highly dependent on China, which controls a significant portion of the global EV battery market. China produced about 75% of the batteries used in EVs worldwide by 2023, giving it a dominant position in the industry. This creates risks for manufacturers and investors due to geopolitical tensions and supply chain disruptions.

The U.S. government is actively working to reduce dependence on Chinese manufacturing, offering incentives for domestic battery production. This shift opens up opportunities for investing in American-based battery production facilities or companies focused on EV infrastructure development.

In addition, China is not only a key player in battery production but also a growing exporter of EVs. Chinese companies like BYD and Geely are entering global markets, offering competitively priced EVs. However, their success in advanced markets like the U.S. will depend on overcoming safety and reliability perceptions.

5. Sustainability and Fuel Efficiency

Environmental concerns are pushing the industry toward sustainability, with regulatory pressures increasing globally. The U.S. and European Union have set aggressive fuel efficiency standards for automakers, requiring them to reduce emissions and improve fuel economy across their fleets.

These regulations are forcing automakers to invest in lightweight materials, hybrid technologies, and electric powertrains. For instance, Ford has developed an aluminum-bodied F-150 truck that is both fuel-efficient and popular among consumers.

As an investor, the trend toward fuel efficiency creates opportunities in companies focusing on sustainable technologies such as lightweight materials, hybrid engines, and fuel-saving innovations. Additionally, automakers that adapt quickly to these environmental regulations are likely to gain a competitive edge.

6. Changing Consumer Preferences and Ownership Models

One of the most disruptive trends in the automobile industry is the shift in consumer preferences, particularly among younger generations. A growing number of consumers are opting for sharedmobility services like Uber and Lyft instead of purchasing personal vehicles. Additionally, there has been a noticeable decline in interest in car ownership among young adults.

This shift is fueled by the convenience and affordability of ride-hailing services and the high costs associated with vehicle ownership, such as insurance and maintenance. The rise of the gig economy and the increasing adoption of subscription models for vehicle usage are also reshaping the automotive landscape.

For investors, these changes present opportunities in mobility-as-a-service (MaaS) platforms and related technologies. Companies that can successfully navigate the transition from traditional car sales to providing “mobility solutions” will likely emerge as industry leaders.

Conclusion

The automobile industry is undergoing a period of significant transformation, driven by advancements in electric vehicles, autonomous driving technologies, and changing consumer behaviors. For investors, understanding these trends is crucial to making informed decisions. Key growth areas include the EV market, battery technology, autonomous driving systems, and shared mobility platforms. However, challenges such as supply chain dependencies, regulatory pressures, and profitability concerns remain. By staying ahead of these trends, investors and consultants can capitalize on the opportunities and mitigate the risks inherent in this evolving industry.

For investors, consultants and marketing professionals!

Key Concepts: Cars, business, trucks, economics, transportation, entrepreneurship, finance, highways, globalization, hybrids, innovation, investing, marketing, research, companies

Source: Plunkett Research, Ltd., Copyright © 2024

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Automobile Industry.  (See: https://www.plunkettresearch.com/industries/automobiles-trucks-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Automobile Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Automobile Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Automobile Industry

1. Automobile Industry Introduction
2. U.S. Auto Manufacturers Ford, Stellantis and GM Compete Head-On with Foreign Manufacturers
3. U.S. Automobile Manufacturers Drop Sedans/Face Electric Vehicle (EV) Challenges and Massive EV Losses
4. Electric Cars (EVs) and Plug-in Hybrids (PHEVs) Spur Changes at Auto Makers/Hybrid Sales See Sharp Growth
5. Major Technology Research in Batteries/Major Investments in Battery Factories and Power Storage
6. Natural Gas-Powered Vehicles Gain in Popularity/Long Term Potential Is Bright Thanks to Low Shale Gas Prices
7. Fuel Efficiency Continues to Improve
8. Ethanol Production Soared, But U.S. Federal Subsidy Expired
9. Cellulosic Ethanol Makes Slow Commercial Progress
10. Fuel Cell and Hydrogen Power Research Continue/Fuel Cell Cars Enter Market
11. China Is the World’s Largest Auto Market/Becomes a Major Auto Exporter and EV Supply Chain Player
12. India Has a Significant Automobile Market, with Great Long-Term Potential
13. Mexico Is a Leading Automotive Maker and Exporter
14. Focus on Safety Improvements by Automakers
15. Wireless Information Systems Surge Ahead in Vehicles: Telematics, Intelligent Transportation (ITS) and Real-Time Traffic Information
16. Embedded LTE Wi-Fi and Onboard Apps Incorporated by Auto Makers in New Car Infotainment Systems
17. Insurance Underwriting Uses Artificial Intelligence (AI)/Policy Holders Allow Their Habits to Be Tracked for Lower Insurance Rates
18. Uber, Lyft and Didi Dominate the Car on Demand (Ride Hailing) Industry
19. Self-Driving, Autonomous Cars Receive Massive Investments in Research and Development Worldwide
20. Gig Economy and Self-Driving Cars Pose Insurance Challenges and Underwriting Opportunities

Plunkett Research Provides In-Depth Tables for the Following Automobile Industry Statistics

1. Automobile Industry Statistics and Market Size Overview
2. General Motors Corporation Overview
3. Ford Motor Company Overview
4. Volkswagen Group Overview
5. Toyota Motor Corporation Overview
6. Mercedes-Benz Group Overview
7. Hyundai Motor Group Overview
8. Honda Motor Co. Overview
9. Licensed Drivers, Vehicle Registrations & Resident Population, U.S.: 1960-2022
10. Highest Fuel Economy by Vehicle Class: 2024 Model Year
11. Lowest Fuel Economy by Vehicle Class: 2024 Model Year
12. Gross Output in the Motor Vehicles & Transportation Equipment Manufacturing Industries:
13. Selected Years, 2017-2023
14. Personal Transportation Expenditures, U.S.: 2015-2023
15. Average Miles Per Gallon vs. Horsepower, U.S.: 1975-2023
16. Motor Vehicle Traffic Accidents in the U.S. by Type of Vehicle & Person: 2021-2012
17. Value of Imports of Vehicles to the U.S.: 2017-2023
18. Value of Exports of U.S. Vehicles: 2018-2023
19. Occupational Employment and Wages for Automotive Service Technicians and Mechanics:
20. May 2023
21. Employment in the Automobile Industry, U.S.: 2018 – June 2024

9.11.24

As the landscape of manufacturing continues to evolve, key trends in automation and robotics are transforming industries worldwide. From factory floors to logistics centers, advanced robotics, artificial intelligence (AI), and global shifts in labor markets are reshaping operations and driving efficiencies across sectors. For investors, consultants, and marketing professionals, understanding these trends is essential for leveraging opportunities and guiding clients or companies through a rapidly changing environment.

Even more information on this industry is available.  Check out our Manufacturing Industry Center!

Plunkett’s Manufacturing, Automation & Robotics Industry eBook, latest edition.

1. Automation and Robotics: Expanding Horizons

Automation and robotics have been pivotal in manufacturing for decades. Today, advancements in artificial intelligence and machine learning are taking these technologies to new levels. Industrial robots, first introduced in the 1960s, now possess capabilities that extend far beyond simple mechanical tasks. Modern robots, driven by AI, are used for precision welding, electronics assembly, and even complex logistics tasks.

According to the International Federation of Robotics (IFR), the global base of operational industrial robots grew to approximately 4.1 million by the end of 2023, with key markets in China, the U.S., Japan, South Korea, and Germany. This trend is fueled by increasing demands for efficiency, consistency, and the ability to operate in environments with limited human intervention, such as during pandemics or in hazardous conditions.

For businesses, the integration of robots into operations offers distinct advantages. From precision tasks in automobile and electronics manufacturing to the optimization of supply chain processes, robots are enabling higher productivity. Additionally, the rise of collaborative robots (or “cobots”) that work alongside human workers is a significant development. These machines help businesses enhance productivity without completely replacing human labor, making it easier to manage complex workflows.

2. AI and Smart Factories

AI is reshaping the way factories operate. Through intelligent automation, machine learning, and predictive analytics, AI-driven manufacturing is leading to the rise of “smart factories.” These factories utilize interconnected systems, often referred to as the Internet of Things (IoT), to monitor and optimize processes in real-time.

For example, in automotive plants, AI systems can monitor environmental factors such as temperature and humidity, as well as machine performance, to predict maintenance needs and reduce downtime. Companies like General Motors are already partnering with robotics leaders like Fanuc and technology giants such as Cisco to employ such systems.

From an investment perspective, the rise of AI-powered automation offers a robust growth opportunity. AI is not only reducing labor costs but also improving production quality and speed, thereby increasing profitability. Companies that invest in AI and smart manufacturing technologies stand to gain a competitive edge by delivering superior products faster and more cost-effectively.

3. Reshoring and Nearshoring Trends

Global manufacturing is experiencing a significant shift as companies reevaluate their reliance on offshore production. The COVID-19 pandemic highlighted vulnerabilities in global supply chains, leading many manufacturers to adopt strategies such as reshoring and nearshoring—moving operations back to their home countries or closer to primary markets.

In the U.S., reshoring has become increasingly popular, with 287,299 jobs returning in 2023 alone. This shift is driven by several factors, including rising wages in China, the need to diversify supply chains, and favorable government policies promoting domestic production. Additionally, nearshoring to countries like Mexico offers geographic advantages and reduced logistics costs, particularly for U.S. companies.

For consultants and investors, this presents a substantial opportunity. By capitalizing on government incentives and focusing on high-tech manufacturing industries, businesses can take advantage of lower energy costs and closer proximity to markets. The U.S., for example, has seen significant investment in industries such as electric vehicles (EVs), semiconductors, and advanced manufacturing systems.

4. Service Robots and Logistics Automation

While industrial robots dominate factory floors, service robots are gaining ground in sectors such as healthcare, warehousing, and logistics. Service robots are typically mobile and perform a wide range of tasks, from picking and packing products in warehouses to assisting elderly individuals in healthcare settings.

The logistics industry has seen some of the most impressive applications of robotics. Companies like Amazon, which acquired Kiva Systems, have transformed their warehouses into automated hubs where robots pick, pack, and move products more efficiently than human workers ever could. This automation trend is spreading rapidly, with startups like Boston Dynamics and Ambi Robotics pushing the envelope on what warehouse robots can achieve.

For marketing professionals, this trend offers a growing market for services and products tailored to businesses seeking to optimize their supply chains. Companies offering warehouse robotics solutions or logistics automation can position themselves as essential partners to businesses grappling with labor shortages and growing e-commerce demands.

5. Challenges and Opportunities in Workforce and Labor Markets

Despite the clear benefits of robotics and automation, there are significant challenges associated with the displacement of jobs. Some experts, like AI authority Kai-Fu Lee, predict that up to 40% of global jobs could be automated within the next 15 years. This potential disruption necessitates significant investment in retraining programs to ensure workers have the skills required for an increasingly automated world.

On the positive side, automation is expected to create new job opportunities in sectors such as robotics maintenance, AI development, and advanced manufacturing. According to Deloitte Consulting, 2 million new jobs in the manufacturing sector could emerge by 2025.

For consultants and investors, supporting workforce development through strategic partnerships with educational institutions and government initiatives is crucial. By ensuring access to training programs in automation and robotics, companies can foster a skilled labor pool ready to meet the demands of a high-tech manufacturing future.

6. Sustainability and Additive Manufacturing

Sustainability is becoming an integral part of modern manufacturing. Companies are increasingly adopting green manufacturing practices, focusing on reducing waste and improving energy efficiency. A key driver of this trend is the growth of additive manufacturing (3D printing), which enables rapid prototyping and production of complex parts with minimal waste.

Industries such as aerospace and automotive are particularly interested in 3D printing, as it allows for the creation of lightweight, high-performance components. Rolls-Royce and GE are among the companies utilizing this technology to produce engine parts and reduce overall production costs. For investors, the growing market for additive manufacturing represents a dynamic space with high potential for innovation and returns.

7. Conclusion

The manufacturing, automation, and robotics industries are poised for transformative growth in the coming years. With advances in AI, the expansion of service robotics, and shifts in global manufacturing strategies like reshoring, businesses have a unique opportunity to improve efficiencies, lower costs, and adapt to new market conditions. However, these developments also come with challenges, particularly in terms of workforce displacement and the need for retraining. For investors, consultants, and marketing professionals, understanding and navigating these trends will be key to driving success in an increasingly automated world.

For investors, consultants and marketing professionals!

Key Concepts:  Manufacturing, factories, robotics, factory automation, auto makers, China, machine tools, additive (“3D”) manufacturing, OEM – Original Equipment Manufacturing, ODM – Original design manufacturing

Source: Plunkett Research, Ltd., Copyright © 2024

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Manufacturing, Automation & Robotics Industry.  (See: https://www.plunkettresearch.com/industries/manufacturing-automation-robotics-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Manufacturing, Automation & Robotics Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Manufacturing, Automation & Robotics Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Manufacturing, Automation & Robotics Industry

1. Introduction to the Manufacturing, Automation & Robotics Industry
2. Industrial Robots and Factory Automation Advance Through Artificial Intelligence (AI)
3. Service Robots Are Applied in a Variety of Industries/Rapid Growth in Robotics for Warehousing & Logistics
4. U.S. Automobile Manufacturers Drop Sedans/Face Electric Vehicle (EV) Challenges and Massive EV Losses
5. Global Growth in Manufacturing and Trade Require Investment by Emerging Nations
6. Introduction to the Outsourcing & Offshoring Industry
7. Pros and Cons of Outsourcing & Offshoring
8. Nearshoring and Reshoring Keep Operations Closer to Home
9. U.S. Apparel and Textile Jobs Reshore to Some Extent
10. Scarcity of Manufacturing Workers in China/Vietnam, India and Other Countries Gain Manufacturing Market Share
11. The Vast Majority of Shoes Sold in the U.S. Are Made Elsewhere
12. 3-D Printing and Robotics Revolutionize Manufacture of Shoes and Fabrics
13. Original Design Manufacturing (ODM) Adds Value to Contract Electronics Manufacturing
14. Trends in Manufacturing, such as Original Design Manufacturers (ODMs), Lead to Collaboration and Consulting-Like Services
15. 3D Printing (Additive Manufacturing), Rapid Prototyping and Computer Aided Design
16. 3PL Logistics Services and Supply Chain Management Services Evolve and Consolidate
17. Manufacturers Focus on High Performance Plastics and Specialty Chemicals
18. Refineries Along with Chemicals and Plastics Plants Expand in the U.S.
19. Telecom Equipment Makers Face Intense Competition from Manufacturers in China
20. Boeing and Airbus Compete for New Orders
21. U.S. Auto Manufacturers Ford, Stellantis and GM Compete Head-On with Foreign Manufacturers
22. India Has a Significant Automobile Market, with Great Long-Term Potential
23. Mexico Is a Leading Automotive Maker and Exporter
24. Designers and Manufacturers Bypass the Middleman with Direct-to-Consumer Online Business Models
25. Artificial Intelligence (AI), Deep Learning and Machine Learning Advance into Commercial Applications, Including Health Care and Robotics
26. The Internet of Things (IoT) in Factories, Robotics and Equipment
27. Health Care Robotics
28. Robotics in Retailing and Ecommerce Fulfillment

Plunkett Research Provides In-Depth Tables for the Following Manufacturing, Automation & Robotics Industry Statistics

 I. Overview of the Manufacturing, Automation & Robotics Industry

1. Manufacturing, Automation & Robotics Industry Statistics and Market Size Overview
2. Sales & Net Income After-Tax, U.S. Manufacturing Corporations: 2012-June 2024
3. Sales & Operating Profits, U.S. Manufacturing Corporations, by Industry: 1st Quarter 2023- 1st Quarter 2024

II. Output & Employment

1. Value Added to U.S. Economy by Manufacturing Sector, as a Percentage of GDP: 1997-2023
2. Employment in the U.S. Manufacturing Sector, as a Percentage of all Private Industry Employment: 1950 – Feb. 2024
3. Employment in the U.S. Manufacturing Sector, by Industry: 2018 – April 2024
4. Manufacturing Output vs. Employment, U.S.: 1980-2024
5. Gross Output in the Wood & Nonmetallic Mineral Products Manufacturing Industries: Selected Years, 2017-2022
6. Gross Output in the Primary Metals & Fabricated Metal Products Manufacturing Industries: Selected Years, 2017-2022
7. Gross Output in the Machinery Manufacturing Industry, U.S.: Selected Years, 2017-2022
8. Gross Output in the Computer & Electronic Product Manufacturing Industries: Selected Years, 2017-2022
9. Gross Output in the Electrical Equipment, Appliances & Components Manufacturing Industries: Selected Years, 2017-2022
10. Gross Output in the Motor Vehicles & Transportation Equipment Manufacturing Industries: Selected Years, 2016-2022
11. Gross Output in the Food, Beverage & Tobacco Product Manufacturing Industries, U.S.: Selected Years, 2017-2022
12. Gross Output in the Textile & Apparel Manufacturing Industries, U.S.: Selected Years, 2017-2022
13. Gross Output in the Chemicals, Plastics & Rubber Products Manufacturing Industries, U.S.: Selected Years, 2017-2022

III. Shipments

1. Annual Value of Manufacturers’ Shipments for Industry Groups, U.S.: 2017-2023

IV. Exports

1. Value of Exports of All Manufactured Goods, U.S.: 2017 – 2023
2. Exports of Durable & Nondurable Manufactured Goods, U.S.: 2017 – 2023
3. Value of Exports of U.S. Vehicles: 2018-2023
4. Exports, Imports & Trade Balance of Computers & Electronic Products, U.S.: 2017-2023
5. Exports, Imports & Trade Balance of Chemicals, U.S.: 2017 – 2023
6. Top 50 Destinations of U.S. Textiles & Apparel Exports: 2022-2023
7. Top Ten Suppliers & Destinations of U.S. Computers & Electronic Products: 2017- 2023

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What’s behind the massive licensing deals that are suddenly popping up between major publishers, such as News Corp., and the largest generative AI firms, such as OpenAI?  (The News Corp. OpenAI deal is said to be worth about $250 million to News Corp. for certain content rights over five years.  Similar recent deals include those with Associated Press, Conde’ Nast, LeMonde and Dotdash Meredith.) 

Two Key Ways in Which Aritificial Intelligence Uses Third-Party Content

Understanding these developments can help you understand the future of both Gen AI and AI-based search tools, and how these booming technologies may assist, impede or contour your own work if you are a researcher, writer, analyst or publisher. 

First, I believe an understanding of two nuances in AI’s use of content is vital.  I’ll keep this simple:

1. As you know by now, Gen AI is based on large language models (LLMs).  This means that the technology can “generate” summaries, articles, responses, blog posts, etc., based on the text (written by others) that has been ingested into the LLMs.  (The larger the language model, the better, and the more well-crafted the question, the better.)  You might reasonably say that a brilliantly designed Gen AI system can write original materials based on background text that it has studied beforehand—in a somewhat human manner.  Eventually, when meticulously engineered, and when trained on an extremely wide variety and depth of content, Gen AI systems may not need to directly plagiarize content, but instead will write very original responses.  This is why the minimum investment needed to establish a LLM is considered to be $100 million plus, and I feel that even that amount is being found to be woefully inadequate by underfunded startups.
2. AI can also be utilized to display (not create) full-text answers to search queries.  This is not “generative,” it is AI-assisted search.  Despite all of the buzz we hear about Gen AI, this amped-up search is one of the most powerful capabilities of AI when dealing with the written word, and I believe it will disrupt and redefine the way we all use search over the very near future.

AI-Driven Search Effects on Small to Mid-Size Data and Content Firms

Authors and publishers may or may not have significant rights that would enable them to stop Gen AI platforms from ingesting their works for the purpose of training their LLMs.  Intellectual property attorneys and the courts of law in which they operate are in for many, many years of sorting this out.  I am reminded of the uproar ignited when Google Books began scanning huge numbers of volumes with the intent of enabling Google-based search of the books’ contents.  Plunkett Research happily participated initially, submitting certain of our Plunkett’s industry Almanacs in ebook format.  However, before long we decided this was not a good business practice for us, as extensive and important segments of text were being displayed for free, negating the need for readers to access the books through normal commercial channels. 

On the other hand, content owners may have existing rights to control the extent (beyond fair use) to which words and images from their publications can be directly quoted and displayed in search results.  A desire by search companies to directly quote news, in-depth articles and up-to-the-minute images in their platforms is specifically driving the big checks that are being written to publishers.  OpenAI is testing a beta of a SearchGPT tool, exactly to power the next generation of search results. 

Today, we remain in Wild West-like days of competition in AI platforms and related law.  Authors and publishers may add “No AI Training Without a License” notices to their works, which we now do with Plunkett’s Industry Almanacs.  This may be of little force and effect.  Also, the robots.txt section of a website’s HTML can hold similar restrictions.

Platforms and Services Emerge to Manage Content Licensing

On the other hand, many website owners may want to encourage AI platform referrals (hopefully with links) to their content, in which case they can design their pages with layers of subheads (e.g., H2 and H3 segments in HTML) that help guide AI software to a rapid understanding of the category of the blocks of text that are displayed.  Meanwhile, not surprisingly, at least a few web-based services have sprung up to act as brokers between publishers (large and small) and AI companies.  Their services may include model licenses and assistance in building API connections to publishers’ data—behind paywalls.  Such companies include Tollbit and ScalePost.  Getty, owners of iStock and other digital image platforms, has taken things further by entering into multiple major contracts enabling Gen AI companies to train on the photos, videos and art that are contained in Getty platforms—thus enabling participating photographers and artists who created the images to be paid automatic (and modest) royalties for AI usage. 

Near-Term Trends in the Relationship Between Content Providers, Search Engines and AI Engines

OpenAI and its competitors are moving with blinding speed in launching disruptive AI tools.  While the use of AI tools such as Perplexity and ChatGPT for business, creative and schoolwork purposes on desktops and laptops is already very common, smart phone makers are scrambling to determine the best way to serve the needs of billions of everyday consumers while on their phones. 

The low-hanging fruit here includes:

• Better photo editing and mobile vide making through AI
• Improved text creation and email writing
• Writing mobile emails with more clarity and fewer mistakes 

More importantly from a commercialization perspective, vastly better mobile search has arrived. Apple recently launched a respectable number of AI tools for its latest iPhones that include the ability for a user to leave the Applesphere and go to ChatGPT for complex AI data searches.  Mobile advertising will rapidly change as well, thanks to AI-driven analysis of users’ real-time searches.  Protection of consumer privacy has become an enormous issue, particularly in the E.U. While major players in search advertising are being forced by government regulators to rely less on tracking of consumers through the planting of cookies, AI offers entirely new possibilities of understanding the interests of internet users and serving up relevant ads on-the-fly as well as relevant content.  Search users may benefit from better results, while content creators can benefit from website traffic and advertising income.

For the latest Plunkett Research coverage of the Artificial intelligence and Ecommerce industries, visit www.plunkettresearch.com .

Copyright © 2024, Plunkett Research, Ltd., All Rights Reserved

8.28.24

The travel, airline, and hotel industries are undergoing significant transformation driven by technological advancements, changing consumer preferences, and evolving market dynamics. As an investor, consultant, or marketing professional, staying ahead of these trends is crucial for making informed decisions and crafting effective strategies. This article explores some of the most critical trends reshaping these industries, offering insights into opportunities and challenges in this rapidly evolving landscape.

Even more information on this industry is available!  Check out our Travel, Airline, Hotel & Tourism Industry Center!

Plunkett’s Airline, Hotel & Tourism Industry eBook, latest edition.

1. The Blurring Lines Between Discount and Legacy Airlines

Traditionally, discount airlines like Southwest and JetBlue differentiated themselves from legacy carriers by offering no-frills, cost-effective services. However, the lines between these two models are increasingly blurring. Southwest, once a quintessential discount airline, has grown to become one of the largest carriers in the U.S., with operating expenses and ticket prices reflecting its scale. Similarly, JetBlue, initially a budget carrier, has introduced premium services such as its “Mint” business class, pushing it closer to the legacy airline category.

The competition has driven legacy airlines to adopt strategies traditionally associated with discount carriers, such as unbundling services and charging for extras like checked baggage and premium seating. For investors, this trend highlights the need to evaluate airlines based on their adaptability and ability to balance cost-efficiency with customer satisfaction. Marketing professionals should focus on targeting specific customer segments with tailored offerings, emphasizing value over frills.

2. The Evolution of Airline Revenue Models

The airline industry has seen a significant shift in revenue generation strategies, moving away from solely relying on ticket sales. Airlines are increasingly focusing on ancillary fees, such as charges for checked bags, priority boarding, and in-flight meals, which have become substantial contributors to profitability. Delta’s “Comfort+” and similar packages from other airlines exemplify how bundled services can enhance customer experience while boosting revenue.

This trend offers opportunities for consultants and marketers to advise airlines on optimizing these revenue streams. Investors should look at airlines that effectively leverage ancillary revenue without alienating customers, as this balance is crucial for long-term sustainability.

3. The Rise of Sustainable and Adventure Tourism

Sustainability has become a cornerstone in the travel and hotel industries. Eco-conscious travelers are driving demand for sustainable tourism options, including eco-friendly hotels, adventure tourism, and volunteerism. Hotels are increasingly adopting green practices, from energy conservation to sourcing local, organic ingredients. Certification programs like Green Globe and Costa Rica’s Certification for Sustainable Tourism are gaining prominence, helping travelers identify genuinely sustainable options.

For investors, sustainability represents a growing market segment with significant potential for returns, especially as global awareness of environmental issues increases. Marketing professionals should emphasize sustainability credentials in their campaigns, appealing to the growing demographic of eco-conscious travelers.

4. The Impact of Technology on Travel and Hospitality

Technological advancements continue to disrupt the travel and hospitality industries. Online Travel Agencies (OTAs) like Expedia and Booking.com have revolutionized the way people book travel, providing consumers with extensive choices and competitive pricing. However, this has also intensified the battle between OTAs and traditional hotels for control over customer relationships.

Hotels are responding by enhancing their direct booking channels, offering exclusive perks to loyalty members, and implementing advanced digital tools for personalized experiences. For consultants, the key is to help clients leverage technology to improve customer engagement and loyalty. Investors should consider companies that are effectively integrating technology into their operations, as this will be a critical factor in future success.

5. The Growth of Private Jet Sharing and Semi-Private Airlines

The private aviation sector is experiencing growth, driven by increasing demand for exclusive, flexible travel options. Companies like NetJets and Flexjet offer fractional ownership and membership plans that make private jet travel more accessible. Additionally, semi-private airlines like JSX are catering to a niche market, offering a blend of private jet convenience with commercial airline pricing.

This trend presents a unique investment opportunity in a sector traditionally reserved for the ultra-wealthy. Marketing professionals can capitalize on this by highlighting the exclusivity and convenience of private and semi-private air travel, targeting affluent consumers who value time and privacy.

6. The Shift in Hotel Strategies to Attract Millennials

Millennials, characterized by their desire for unique, social, and environmentally conscious experiences, are becoming a dominant force in the travel market. Hotels are adapting to these preferences by offering micro-rooms, hostels with upscale amenities, and localized experiences. Brands like 1 Hotels, Moxy, and Graduate Hotels are leading the way, focusing on sustainability, affordability, and community-based experiences.

For consultants and marketing professionals, the focus should be on helping hotel brands develop offerings that resonate with millennial values. Investors should look for hotel chains that are successfully attracting this demographic, as they will likely see sustained growth.

7. The Expansion of the Sharing Economy in Travel

Platforms like Airbnb and Vrbo have transformed the accommodation sector, offering travelers alternatives to traditional hotels. The sharing economy allows property owners to monetize their assets, providing travelers with unique, often more affordable lodging options. However, this sector also faces challenges, including regulatory scrutiny and competition from traditional hotel chains.

Investors should consider the long-term viability of sharing economy platforms, especially those that are successfully navigating regulatory challenges. Marketing strategies should focus on highlighting the unique experiences and value offered by shared accommodations, appealing to travelers seeking more personalized and authentic stays.

8. The Continued Growth of the Cruise Industry

The cruise industry has shown remarkable resilience and growth, with high occupancy rates and the launch of new ships catering to diverse consumer segments. From luxury liners like those of Viking and Regent to small adventure-focused vessels, cruises offer a range of experiences that attract different types of travelers.

For investors, the cruise industry presents a stable growth opportunity, especially in emerging markets like Asia. Consultants should advise cruise lines on differentiating their offerings to cater to specific niches, while marketers can focus on promoting the unique experiences that cruises offer, from exotic destinations to all-inclusive luxury.

9. China’s Infrastructure Investments and Their Impact on Global Travel

China’s massive investments in transportation infrastructure, including airports, railways, and highways, are set to significantly influence global travel patterns. The development of projects like the Silk Road initiative and the expansion of major airports like Beijing Daxing International Airport will enhance connectivity and drive tourism growth in and out of China.

Investors should consider the opportunities presented by China’s infrastructure expansion, particularly in sectors like aviation and hospitality. Marketing professionals can capitalize on the increased travel flows by targeting Chinese tourists, who represent a growing and lucrative market segment.

10. The Future of Air Travel: Supersonic Jets and Sustainable Aviation

The future of air travel is being shaped by advancements in technology, including the development of supersonic jets and sustainable aviation options like hydrogen and electric-powered aircraft. Companies like Boom Supersonic and ZeroAvia are at the forefront of these innovations, promising faster, more environmentally friendly air travel.

For investors, these technologies represent long-term opportunities, though they come with significant risks and uncertainties. Consultants and marketing professionals should keep an eye on these developments, as they have the potential to revolutionize the aviation industry and create new market segments.

Conclusion

The airline, hotel, and travel industries are undergoing profound changes driven by technological innovation, shifting consumer preferences, and global market dynamics. For investors, consultants, and marketing professionals, staying informed about these trends is essential for capitalizing on emerging opportunities and navigating the challenges ahead. By focusing on adaptability, sustainability, and technological integration, businesses in these sectors can position themselves for long-term success in an increasingly competitive landscape.

For investors, consultants, and marketing professionals!

Key Concepts: Airlines, business, hotels, economics, resorts, entrepreneurship, finance, travel, globalization, tourism, innovation, investing, marketing, cruises, trains

Source: Plunkett Research, Ltd., Copyright © 2024

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Airline, Hotel & Travel Industry.  (See: https://www.plunkettresearch.com/industries/travel-tourism-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Airline, Hotel & Travel Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Airline, Hotel & Travel Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Airline, Hotel & Travel Industry

1. Introduction to the Travel Industry
2. Discount Airlines Compete with Legacy Airlines, but the Differences Are Beginning to Blur
3. Major Airlines Change Strategy, Charge Fees
4. Some International Airlines Cut First-Class Seats and Add to Business Class/Premium Economy Now Widely Available
5. Private Jet Sharing and Rentals Are Big Business/Semi-Private Airlines Compete
6. Boeing and Airbus Compete for New Orders
7. New Aircraft Designs Offer Greater Passenger Comfort/More Efficient Engines
8. Supersonic Jets Fly Again
9. Hydrogen and Electric Powered Airplanes Are Under Research and Development
10. Airports Expand
11. China Makes Immense Investments in Railroads, Highways, Airports & Silk Road
12. Online Travel Agencies (OTAs)/Hotels Fight to Keep Control of the Customer
13. Ecotourism, Sustainable Tourism, Adventure Tourism and Volunteerism Gained Popularity as Certification Standards Are Set
14. Luxury Hotel Chains Expanded Globally
15. What Millennials and Mobile-Savvy Consumers Want as Tourists and Travelers
16. Hotels Target Young Customers with Strategies Ranging from Micro Rooms and Hostels, to Hip Hotels that Encourage Mingling to Fitness Options
17. Localization Will Drive Hotel Features, Marketing
18. Dog-Friendly Hotels Will Gain Market Share
19. Sharing Economy Gains Market Share in Travel with Online Sites Like Airbnb, Vrbo and Many Global Competitors
20. Cruise Industry Enjoys High Occupancy and Launches New Ships
21. Small Cruise Ships Feature Adventure, Luxury, Intimacy or Access to More Places
22. River Cruise Lines Reap the Benefits of Low Capital Investment and High Fares
23. Chinese Tourists Create Growth Opportunities for the Cruise and Hotel Industries
24. New Technologies Show Promise for Port and Airport Security
25. High Speed Passenger Trains, Including Maglev, Advance in China and Europe
26. U.S. Passenger Train Projects Receive Funding, Including Light Rail and All Aboard Florida
27. Aging Baby Boomers Will Cause Significant Changes in the Leisure Sector, Including Sports and Activity-Based Travel
28. The Future of Travel

Plunkett Research Provides In-Depth Tables for the Following Airline, Hotel & Travel Industry Statistics

1. Airline, Hotel & Travel Industry Statistics and Market Size Overview
2. Air Carrier Traffic Statistics, U.S.: 2000 – April 2024
3. Consolidation in U.S. Airlines
4. U.S. Airline Passenger Activity: 2010-2044
5. Top Regions of U.S. Residents Traveling Abroad (Outbound): 2022-2023
6. Top 10 U.S. Airlines & Airports Ranked by 2024 System Scheduled Enplanements
7. Cruise Line Industry Overview, U.S.: 2016-2023
8. Estimated U.S. Hotel & Accommodations Sector Quarterly Revenues: 2021-4th Quarter 2023
9. Employment in the Airline, Hotel & Travel Industry, U.S.: 2018 – April 2024