sunset industry
Dying economic field
A sunset industry is one in declining phase, typically due to technological change, shifting consumer preferences, or global competition.
The metaphor captures a sector whose best days are behind it, heading toward darkness rather than dawn: Coal mining has become a sunset industry in many developed nations.
Contrast with sunrise industry.
- deindustrializationLoss of industrial capacity
- factory closuresManufacturing facilities ending operations
- uncompetitiveUnable to rival others
- matureFully grown or developed
- declineDecrease or refuse
economic decline · job losses · obsolete · rust belt · outsourcing · automation · saturation · contraction · stagnation · unemployment · offshoring · diversification · upskilling · innovation · digitalization · retraining programs · modernization · trade barriers
sunset industryemerging market
Industrializing nation's financial system
tech sector · green economy · knowledge economy · digital economy · startup ecosystem
sunset, sunsets, suns, sunny, sunshine, sunlight, sunlit, sundown, sunrise