Based on the expert analysis and our database of 440+ UK industries, IBISWorld presents a list of the Biggest Industries by Revenue in the UK in 2020
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View a list of the Top 25 biggest industries by revenueRevenue for 2020: $181,7B
The Supermarkets industry has undergone radical change over the past five years. Changing shopping habits, the aggressive expansion of discount supermarkets and increased external competition have all influenced industry performance. Prices have been cut by the largest operators since the start of the price war in a highly competitive environment. In addition, the industry’s largest player, Tesco, became embroiled in an accounting scandal in 2014, which resulted in large-scale management changes within both Tesco and the wider industry. The combination of these factors has contributed to a fairly poor revenue performance over the past five years. Industry revenue is expected... Learn More
Revenue for 2020: $162,9B
Revenue in the Pension Funding industry, which is calculated by combining contributions and investment returns, has increased over the past five years. The increase in contributions was fuelled by the phased introduction of automatic enrolment in pension schemes, which began in October 2012 and was fully phased in by February 2018. Record high levels of employment increased contributions to occupational pension schemes. Investment income grew over the period, despite some volatility, aided by low interest rates and significant quantitative easing activity. The fall in value of the pound also boosted equity values in 2016-17. Revenue is expected to increase at... Learn More
Revenue for 2020: $137,0B
Over the five years through 2019-20, revenue for the Banks industry is expected to increase at a compound annual rate of 3.2% to reach £137 billion. Improving economic conditions, as the lingering effects of the financial crisis wear off, have supported growth over the period. Rising retail lending activity, prompted by an upturn in the housing market at the beginning of the period, further supported the industry. Personal lending has also grown as consumers have become increasingly reliant on debt to fund spending. Tight regulations and strict lending criteria, however, have restricted lending activity and curtailed expansion. Furthermore, the low interest... Learn More
Revenue for 2020: $113,8B
The industry performed strongly at the beginning of the five-year period through 2019-20. Rising incomes and low fuel prices encouraged motorists to purchase new cars, with new car registrations reaching record levels in 2016. Cheap finance deals, the wider availability of new technologies in new cars and the improved fuel economy offered by new models contributed to the industry's strong revenue performance. However, falling consumer confidence and business capital expenditure due to economic uncertainty following the EU referendum have caused new car sales to fall significantly since. Total new car registrations declined by 5.7% in 2017, according to the Society... Learn More
Revenue for 2020: $97,8B
Open-ended investment companies (OEICs) and unit trusts are both types of collective investment schemes that can constantly adjust their portfolios to maximise returns, given a specific investment remit. The size of the fund depends on demand for fund shares, which are created and cancelled upon purchase and redemption. Therefore, the fund size is proportional to its investment performance. OEICs are priced to reflect the net asset value (assets less liabilities) of their investments and may have multiple share classes. Funds invest in a range of assets, including domestic and global equities, government and corporate fixed-income securities, and a range of derivatives. While fund... Learn More
Revenue for 2020: $88,1B
Operators in the Hospitals industry provide medical, diagnostic and treatment services at both general and specialised hospitals. They have benefited from a growing and ageing population over the past five years, increasing demand for health care. However, public health-care budgets have failed to keep pace with ballooning demand and the NHS has consistently fallen below targets, with waiting times increasing over the period. This has caused the private sector to expand, as frustration at NHS shortcomings has led to a greater number of patients seeking private treatment. Over the five years through 2019-20, industry revenue is expected to fall at a... Learn More
Revenue for 2020: $75,3B
The Residential Building Construction industry has performed well over the past five-year period, supported by a range of government policy initiatives intended to stimulate the housing market. During the economic downturn, revenue declined rapidly as tight lending criteria and dwindling equity made it difficult for many people to obtain mortgages and discouraged home improvement. However, demand for housing has since risen as economic conditions have improved, indicative of the procyclical nature of the industry. Sharp house price inflation encouraged spending on renovation and maintenance, while the construction of new properties has only been limited by supply constraints, such as a... Learn More
Revenue for 2020: $69,7B
Businesses in this industry underwrite general insurance policies relating to property, casualty, liability, motor vehicles and other general risks. The premiums they earn from these activities are then invested to generate additional income. The industry provides services to both private and commercial clients. Underwriting life and disability does not fall within this industry, although general health insurance does.Over the five years through 2019-20, industry revenue is expected to decline at a compound annual rate of 4.8%, although revenue is expected to rise by 1.6% in 2019-20, to £69.7 billion. The declines were caused by a large stock market sell off... Learn More
Revenue for 2020: $58,8B
Industry operators sell a range of fuel products, including automotive petroleum and diesel, jet fuel, heating oil, liquefied petroleum gases and lubricants. The industry’s performance has been heavily affected by volatile crude oil prices over the past five years, which have caused shifts in revenue and equally large movements in costs, weighing on margins. IBISWorld expects industry revenue to fall at a compound annual rate of 5.1% to £58.8 billion over the five years through 2018-19. Revenue is expected to fall by 0.8% in 2018-19, with rising oil prices expected to limit current-year decline.The industry’s overall decline in revenue has been... Learn More
Revenue for 2020: $57,2B
The Consultant Engineering Services industry’s revenue is expected to increase at a compound annual rate of 3% over the five years through 2019-20 to £57.3 billion. Various types of infrastructure construction activity, such as electricity and telecommunications infrastructure construction, gained momentum and enhanced demand over the past five years. Government capital spending also increased mildly, and contributed positively. However, growth in industrial production activity remained weak, limiting the industry’s expansion. Commercial building construction activity also began to tumble from 2016-17, fuelled by uncertainties caused by the referendum result, and caused revenue growth to ease. Similarly, businesses investment was adversely affected following the EU... Learn More
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