Based on the expert analysis and our database of 440+ UK industries, IBISWorld presents a list of the Industries with Least Risky Business Environments in the UK in 2024
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View a list of the Top 25 industries with least risky business environmentsBusiness Environment Risk for 2024: 1.99
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Business Environment Risk for 2024: 2.86
Increased awareness about the effects of climate change has driven an aggressive decarbonising strategy, spearheaded by renewables. Government targets and incentives spur major investment in renewable assets among UK energy giants, while technology developments boost potential generating capacity, particularly in offshore wind, which has grown the fastest of all renewable energy sources. Government data shows that the share of electricity generated from renewables surged from 29.2% in 2017 to 39.6% in 2021.
Renewable generators' revenue has increased at a compound annual rate of 6.9% over the five years through 2022-23, reaching £8.5 billion. Growth has been underpinned by the unrelenting expansion... Learn More
Business Environment Risk for 2024: 2.95
The Waste-to-Energy Plant Operation industry is growing. The industry focuses on the disposal and recovery of municipal waste and energy generation. This energy comes in the form of electricity exported to the national grid and consumers along private wires. The industry also exports its heat, usually in the form of steam that can be used in industrial processes or to heat homes. It also collects and sells recyclates from the waste, which is often metals recovered from sorting and bottom ash processing. Revenue is expected to expand at a compound annual rate of 4.6% to reach £1.5 billion over the... Learn More
Business Environment Risk for 2024: 3.30
From undertaking businesses online to transferring financial information via online data packets, the Internet of Things has changed how society operates. However, the digital age has also allowed for cyber-attacks and the use malware to gain unauthorised access to computer networks for financial gain or personal data, threatening businesses and public resources. According to specialised global insurer Hiscox, small UK businesses are the target of an estimated 65,000 cyber-attacks every day.
High-profile cyber breaches have accelerated investment in intrusion prevention systems and given rise to innovation-led cyber start-ups that are pioneering a new era of security software. Over the five years... Learn More
Business Environment Risk for 2024: 3.41
Over the five years through 2022-23, revenue is expected to increase at a compound annual rate of 9.5% to £19.8 billion. The Biotechnology industry is fast becoming a prominent part of the UK life science sector, alongside pharmaceutical and medical technology companies. The convergence of these three technologies makes it increasingly difficult to identify the boundaries between them. High demand for biotechnology products that help solve medical, agricultural and industrial issues has boosted revenue. Biotechnology can make agriculture more efficient and sustainable, broadening its appeal and economic value. The industry relies heavily on funding from investors and significant government assistance.
Following... Learn More
Business Environment Risk for 2024: 3.49
The rising adoption of 3D printing from the automotive aftermarket, aircraft manufacturers and a wide range of sectors is boosting performance. 3D printing and rapid prototyping enhance the product development process while producing highly complex parts at a lower cost. Many start-ups and consumers are using 3D printing to develop prototypes and different product versions.
Revenue is forecast to rise at a compound annual rate of 9.2% over the five years through 2023-24 to £653 million, including forecast growth of 14.4% in 2023-24. Travel and supply chain disruption following the COVID-19 outbreak slumped automotive and aircraft component production using 3D printing... Learn More
Business Environment Risk for 2024: 3.53
Wind power is a rapidly growing force in UK electricity generation, with the number and size of UK wind farms increasing in recent years. As the UK strives for net-zero emissions, abundant natural resources make wind energy the highest yielding option. Government support for renewables has boosted investment in wind-generating assets, with most of the capacity expansion coming from offshore wind. According to government data, the share of electricity generated from wind power increased from 17.1% in 2018 to 24.7% in 2022.
Revenue is forecast to increase at a compound annual rate of 9.6% to £4.9 billion over the five years... Learn More
Business Environment Risk for 2024: 3.78
Shipbuilding revenue is forecast to expand at a compound annual rate of 1.2% to £6.6 billion over the five years through 2023-24, including a projected growth of 1.3% in 2023-24. Shipbuilders produce military vessels for the Royal Navy and foreign governments, providing a steady revenue stream. Import competition in the passenger ship segment is intensifying due to lower production costs in Europe and Asia, leading to the demise of this segment. Despite this, exports account for a large share of revenue thanks to warships built for foreign militaries.
Contracts to build the Type 26 and Type 31e General Purpose Frigates awarded... Learn More
Business Environment Risk for 2024: 3.78
Actuarial consulting firms provide various services to businesses, including pension, insurance, enterprise risk, financial advice and organisational design consulting. Actuarial consulting services are sought after by businesses across all sectors of the economy, providing firms with a steady demand and limiting revenue volatility. Revenue in the Actuarial Consulting Services is expected to swell at a compound annual rate of 4.1% over the five years through 2023-24, including a 3.3% rise in 2023-24 to reach £4.5 billion.
Continued pension enrolment through the Automatic Enrolment Scheme and other regulatory pension reforms have benefited demand for actuarial services. However, this has been somewhat dampened... Learn More
Business Environment Risk for 2024: 3.78
The Motor Vehicle Parts Retailers industry's performance has been restricted in recent years. Falling new car sales and declining car production activity have lowered demand for premium parts, squeezing revenue growth. The total number of vehicles on UK roads is rising, sustaining downstream demand. The cost-of-living crisis means customers are shunning new car sales for used cars, raising the average age of the UK fleet. Lower production volumes are reducing parts sold for car assembly. Revenue is projected to swell at a compound annual rate of 0.3% to £17.6 billion over the five years through 2022-23, including an expected growth... Learn More
Based on the expert analysis and our database of 440+ UK industries, IBISWorld presents a list of the Most Profitable Industries in the UK in 2024
VIEW ARTICLEBased on the expert analysis and our database of 440+ UK industries, IBISWorld presents a list of the Fastest Growing Industries in the UK by Revenue Growth (%) in 2024
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