Fastest Growing Industries in the UK by Revenue Growth (%) in 2019

1. App Development in the UK

2018-2019 Revenue Growth: 30.1%

The App Developers industry comprises companies that write, design and test mobile applications software. Since the release of the first iPhone in 2008, and with it the launch of Apple’s App Store, the App Development industry has gone from practically non-existent to an established segment of software development. The rapid penetration of smartphones equipped with internet connectivity and powerful processors has facilitated industry expansion. In the space of a decade, apps have integrated themselves into a variety of functions, becoming an indispensable feature of modern life. Industry revenue is expected to grow at a compound annual rate of 28.1% over the... Learn More

2. Electricity & Telecommunications Infrastructure Construction in the UK

2018-2019 Revenue Growth: 24.8%

Operators in the Electricity and Telecommunications Infrastructure Construction industry construct and maintain electricity generating capacity, power transmission lines and communications infrastructure, in addition to related facilities. The power generation market has performed well relative to other industries in the construction sector and buoyant demand is expected to support industry growth. The convergence of telecommunications and utility transmission technologies has resulted in structural changes for the industry and its clientele. Downstream technological developments and environmental concerns have resulted in unprecedented investment into the industry. Over the five years through 2019-20, industry revenue is forecast to increase at a compound annual rate of 22.8%.The replacement of coal-fired power... Learn More

3. Demolition in the UK

2018-2019 Revenue Growth: 21.2%

Services provided by contractors in the Demolition industry are required by general building firms and property developers that plan redevelopments on land where obsolete structures still exist. Demolition firms are contracted to either completely demolish or selectively dismantle structures during the pre-construction development phase. Consequently, the industry's performance is procyclical, characteristically running in tandem with downstream investment in new construction. Specialist operators may offer decommissioning services which relate to the decontamination and deconstruction of nuclear power and pharmaceutical facilities.

Over the five-year period through 2019-20, industry revenue is forecast to grow at a compound annual rate of 19.3% to reach £1.4... Learn More

4. Open-Ended Investment Company Activities in the UK

2018-2019 Revenue Growth: 19.7%

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

5. Serviced Offices in the UK

2018-2019 Revenue Growth: 19.5%

Operators in the Serviced Offices industry rent or lease fully furnished and fully operational workspaces to businesses on a short- or long-term basis. Key industry products include private serviced offices, co-working spaces, office spaces that offer hot-desking facilities, virtual offices, and meeting and conference rooms. Clients range from start-ups to international corporations, particularly those in the professional, scientific and technical sectors. The industry is comprised of large global firms serving numerous regions around the country, as well as smaller operators that tend to operate from a single building or even a few floors of a building.The industry has grown rapidly over... Learn More

6. Wine Production in the UK

2018-2019 Revenue Growth: 18.7%

Between May 2008 and May 2018, the number of acres planted with grapevines in the United Kingdom grew by over 150%, according to trade association Wine GB. In recent years, rising domestic and international interest in British wine has been supported by major international awards for UK-produced wines. Wine is mostly produced in the South of England and is predominantly sparkling. Warmer-than-average weather in recent years has improved grape yields and wine quality, supporting the reputation of the UK Wine Production industry. Over the five years through 2019-20, revenue is forecast to grow at a compound annual rate of 16.8%... Learn More

7. Plastering in the UK

2018-2019 Revenue Growth: 16.5%

The Plastering industry plays an essential role in the completion of most buildings. The industry's performance is contingent on cyclical demand trends from downstream building construction markets, particularly the new residential construction market, which generates the largest share of industry revenue. The industry has been persistently challenged by a shortage of skilled labour across the UK construction sector, limiting productivity.

Over the five years through 2019-20, industry revenue is forecast to grow at a compound annual rate of 14.7%, to reach £2.9 billion. Early in the period, the industry recovered from waning consumer confidence, a depressed housing market and economic downturn... Learn More

8. Search Engines in the UK

2018-2019 Revenue Growth: 16.4%

The Search Engine industry is highly concentrated, with three companies controlling almost the entire industry; the largest company in the industry, Alphabet Inc, has a market share greater than 90% in 2019-20. Industry operators provide web portals that generate and maintain extensive databases of internet addresses. Industry participants generate the majority, if not all, of their revenue from advertising. Technological growth has resulted in more households being connected to the internet, and a boom in e-commerce has made the industry increasingly innovative.Over the past decade, an increase in the percentage of households with internet access has supported revenue growth, while... Learn More

9. Test Drilling & Boring in the UK

2018-2019 Revenue Growth: 15.9%

Operators in the Test Drilling and Boring industry drill into the ground to examine the attributes of soils, measure ground heat, test for water reserves and monitor the accumulation of gas under reclaimed land. These services are typically required to ensure the safety of brownfield, greenfield and industrial sites prior to construction work. The industry is one of the smallest in the UK construction sector and its performance is contingent on investment and demand cycles in downstream construction markets.

Industry revenue is expected to grow at a compound annual rate of 14.1% over the five years through 2019-20, reaching £224 million.... Learn More

10. Site Preparation in the UK

2018-2019 Revenue Growth: 15.7%

Industry operators provide services that facilitate activity in the construction sector, including excavation and land drainage. The industry’s main clients are developers in residential and commercial construction, infrastructure and public-sector markets. The performance of these markets was hindered by the effects of the financial crisis, and subsequent constraints on government spending. This placed the industry on a relatively low base just prior to the beginning of the past five-year period. However, performance has since been more positive. Following the 2013 Spending Review, the government accelerated several initiatives to stimulate both residential and commercial investment, through the Help to Buy and... Learn More