Fastest Growing Industries by Imports in the US in 2025

1. Audio & Video Equipment Manufacturing in the US

Growth in Imports for 2025: 26.3%

Volatile returns for audio and video equipment manufacturing are in part due to supply chain inefficiencies, global chip shortages and poor macroeconomic conditions associated with COVID-19. These have all challenged the industry's growth during the period. Despite this situation, industry-wide revenue has taken a step forward at a CAGR of 0.6% to $4.0 billion over the past five years, including a 4.3% decrease in 2023.

Domestic operators have focused on cost-cutting strategies and product differentiation to better compete with competitors. For example, Samsung holds the majority of its manufacturing operations in countries with lower labor costs, resulting in sustained profit. Due... Learn More

2. Brand Name Pharmaceutical Manufacturing in the US

Growth in Imports for 2025: 23.4%

Over the past five years, the Brand Name Pharmaceutical Manufacturing industry has experienced several new drug launches, with over 28 novel drugs approved in 2022 (latest data available). Given increasing price scrutiny, competition from generics, intensifying market competition among brand-name producers and rising research and development expenses, many manufacturers have shifted their strategic focus to more lucrative therapy areas, such as rare diseases and oncology. As a result, many companies pivoted their pipelines to rare diseases, in which low prescription volumes can be offset by high per-unit costs and benefit from orphan drug exclusivity, which grants longer patent exclusivity in... Learn More

3. Medical Adhesives & Sealants Manufacturing in the US

Growth in Imports for 2025: 21.3%

The Medical Adhesives and Sealants Manufacturing industry is made up of companies that manufacture glues and other adhesives used for sealing wounds, repairing ligaments and other medical purposes. Industry products compete with traditional bandages, stitches and other medical supplies. Typically, one of the most significant determinants of demand for medical supplies like these is price. Hospitals will likely choose stitches for sealing a wound if that will be more affordable than a medical adhesive. As a result, industry revenue can be volatile depending on the volatility of input costs. In recent years, industry purchases costs have shifted significantly, creating revenue... Learn More

4. 3D Printer Manufacturing in the US

Growth in Imports for 2025: 16.5%

The 3D printer manufacturing industry has seen significant growth over the past five years, increasing at a CAGR of 14.6% to $7.7 billion, which includes 19.1% growth in 2023 alone. As prices for 3D printers declined, additive manufacturing has become more attractive to both businesses and consumers. The outbreak of COVID-19, which led to massive supply disruptions, has led the public and the government to consider new applications of 3D printing. The Additive Manufacturing (AM) Forward program, launched by the Biden Administration in 2022, focuses on advancing the development and adoption of 3D printing technologies in the US.

Additive manufacturing has... Learn More

5. Hybrid & Electric Vehicle Manufacturing in the US

Growth in Imports for 2025: 15.7%

The Hybrid and Electric Vehicle Manufacturing industry has boomed as the use of renewable energy sources surged in popularity. Hybrid electric vehicles (HEV) and electric vehicles (EV), including plug-in electric vehicles (PEV) and plug-in hybrid electric vehicles (PHEV), have seen a dramatic rise in sales amid elevated oil and gas prices. With concerns about the environment, new entrants continue to flood in looking to establish market share. New government incentives and infrastructure funding have increased the accessibility of electric and hybrid vehicles domestically. Industry-wide revenue has increased at an annualized 29.6% to $88.8 billion over the past five years, including... Learn More

6. Nonferrous Metal Refining in the US

Growth in Imports for 2025: 13.1%

Nonferrous metal refining is highly globalized and closely linked to activity in the construction and manufacturing sectors, along with being heavily influenced by fluctuations in the price of copper and other nonferrous metals, which often reflect cyclical changes in both domestic and global demand. Despite fluctuating demand from downstream markets, the price of copper and nonferrous metals benefited from significant increases for the majority of the five years to 2023, which has benefited the industry as nonferrous metal refiners increased selling prices. Nonferrous metal refining revenue has been expanding at a CAGR of 2.7% over the past five years and... Learn More

7. Essential Oil Manufacturing in the US

Growth in Imports for 2025: 10.8%

Volatile shifts in consumer demand and market conditions have hurt the Essential Oil Manufacturing industry's expansion through the end of 2023. Essential oils have seen a revival in their popularity amid a growing consumer shift to natural, eco-friendly alternatives of everyday products, aiding industry revenue. However, falling disposable income in the year marked by rising inflationary pressures, along with decreasing demand from cosmetic and beauty products manufacturers, have dampened industry demand. Similarly, the rising costs that come with manufacturers, which include having a consistent line of workers and many machineries to process these plant extracts, have continually pressured profit. Revenue... Learn More

8. RTD Coffee Production in the US

Growth in Imports for 2025: 10.5%

The relatively nascent Ready-to-Drink (RTD) Coffee Production industry, which makes canned and bottled coffee and espresso drinks, has experienced a surge in demand as US consumers' fast-paced lifestyles have created a need for quick options, especially in the morning. Large producers and new entrants have rushed to meet the swell in demand driven largely by millennials, who make up the largest consumer group for ready-to-drink coffee products. Companies have rolled out countless new products, from new varieties in the dominant RTD cold brew segment to niche options catering to a variety of health, dietary and sustainability conscious preferences. With consumers... Learn More

9. Personal Watercraft Manufacturing in the US

Growth in Imports for 2025: 10.2%

The Personal Watercraft Manufacturing industry has navigated turbulent waters as the COVID-19 pandemic and its aftereffects created challenging conditions. Personal watercrafts are highly discretionary purchases, with demand flowing in line with trends in discretionary income and consumer confidence. The industry grew steadily during heady economic times prior to the outbreak of COVID-19 and boomed throughout the pandemic as consumer spending rose, interest rates dropped to record-low levels and consumers found themselves with more leisure time as a result of pandemic-era restrictions. However, the high interests rate environment enacted by the Federal Reserve in an effort to stamp out high inflation... Learn More

10. Helium Production in the US

Growth in Imports for 2025: 8.9%

This Helium Production industry is comprised of small number of operators that produce helium in compressed, liquid and solid forms, supplying it to a diverse range of downstream customers across chemical, metals and energy refining, manufacturing, healthcare and food and beverage industries. Over the five years to 2022, industry operators have relied on strong demand from these downstream markets in addition to international demand to weather volatile conditions. In particular, demand from high-tech manufacturing operations that use helium in components such as semiconductors has buoyed demand, with exports increasing an annualized 1.2% to $446.2 million over the five years to... Learn More