For example, building materials, doors and windows, household hardware, whole house customization and other industries, as well as home appliances such as air conditioners, refrigerators and range hoods.

Second, the luxury brand industry

The recession is mainly in the middle class, and it has little impact on the rich and the poor. The main customer group of luxury brands is the middle class. When the economy was in recession, the middle class lost its spending power and began to downgrade consumption. It is no longer willing to pay a brand premium for these luxury brands, so luxury brands will decline with the decline of the middle class.

Third, non-essential services.

For example, beauty salons plus service industries such as justice, catering and training, the real profits of these industries are generally relatively large, not those industries that need services like haircuts with low customer prices, but some non-essential services, so these service industries will not be too easy in the economic recession, let alone tourism. Global economic governance and development!

Fourth, various production equipment industries.

Because when the incremental market disappears and the stock game becomes stronger, the elimination rate of market participants will also increase, and the competitors of equipment manufacturers will also shift from other manufacturers to the second-hand market. After all, there are many machines used. About 90% of them are new every year, and the price of the second-hand market may be only half of that of the new one.

Fifth, all kinds of middlemen and dealer industries.

Now is the incremental era, the brand hopes to rely on the local potential of each dealer to help them open the market quickly, so it will give dealers enough profit space. However, in the era of stock, in order to stabilize their own income, brands will face consumers online and form a competitive pattern with dealers.