Based 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 2020
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View a list of the Top 25 fastest growing industries2019-2020 Revenue Growth: 60.5%
Immersive technologies, such as virtual reality (VR), augmented reality (AR), mixed reality (MR) and haptics, integrate visual content with the physical environment, thus ‘immersing’ the user of associated devises, such as head-mounted display (HMD) units, in a simulated setting. Operators in the Immersive Technology industry design and develop immersive visualisation software programs, systems and networks. Operators subsequently sell these solutions and the intellectual property to clients under licence, and may also undertake bespoke projects related to the development of immersive tech and related content on behalf of clients, generating revenue and profit by charging clients a fee. The manufacturing of... Learn More
2019-2020 Revenue Growth: 43.1%
The CRM System Providers industry sells software or platforms for customer relationship management (CRM). CRM is a widely implemented strategy for managing a company’s interactions with customers, clients and sales prospects. Industry services have expanded to include the automation of many back-office roles, sales procedures and marketing personalisation. CRM system providers may also offer training to customers on the use of software and consultations to see the best implementation of CRM software.Over the five years through 2019-20, the CRM System Providers industry’s revenue is expected to rise at a compound annual rate of 56.5%. This is primarily due to the meteoric rise of Salesforce, which has grown to dominate... Learn More
2019-2020 Revenue Growth: 26.2%
Industry operators can be broadly split into two categories: aggregators and new delivery platforms. Aggregators offer consumers access to a range of food outlets through a single online portal, and generate revenue through a restaurant sign-up fee and commission on an order. Traditionally, aggregators do not operate a delivery fleet, with the food outlet instead handling delivery. On the other hand, new delivery platforms such as Deliveroo and Uber Eats allow consumers access to a wide variety of cuisines and order options but also offer delivery logistics. For new delivery operators, revenue is usually composed of restaurant sign-up fees, commission... Learn More
2019-2020 Revenue Growth: 22.0%
The rapid growth of the Peer-to-Peer Lending Platforms industry has begun to slow as the industry matures and the initial wave of firms entering the industry stabilises. Nevertheless, over the five years through 2019-20, industry revenue is expected to grow at a compound annual rate of 43.1%. Three firms have emerged as dominant players in the industry and together account for the overwhelming majority of revenue. The most major development in the industry has been the introduction of regulation which has changed the operating procedures of firms. During the base year of the past five year-period, 2014-15, it became mandatory for the... Learn More
2019-2020 Revenue Growth: 19.4%
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
2019-2020 Revenue Growth: 19.2%
Operators in this industry produce dairy milk substitute beverages. These products are usually plant-based and may be made from soybeans, coconut, almonds, oats or rice. The manufacture of non-dairy food products, such as vegan cheese or yoghurt, are not included in the industry.Over the five years through 2019-20, IBISWorld expects industry revenue to increase at compound annual rate of 17% as consumers have increasingly diversified their diets swapping animal- based products with plant-based alternatives. The trend has largely been supported by rising health consciousness and concerns over environmental and animal welfare issues. Shifting demographic and migration trends have also been integral to driving demand due to the rising... Learn More
2019-2020 Revenue Growth: 18.6%
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
2019-2020 Revenue Growth: 18.0%
The industry relies heavily on long-term rolling stock replacement contracts. These contracts have long lead times and involve periodic payments throughout the manufacturing process, followed by a balloon payment when the project reaches completion. This creates revenue and profit volatility. Over the five years through 2019-20, industry revenue is forecast to increase at a compound annual rate of 13.7% to reach £2.8 billion.The industry’s performance is heavily dependent on the performance of Bombardier and Hitachi, as in 2019-20, these two firms are estimated to account for 54.8% of industry revenue between them. Bombardier managed to secure some important contracts, especially a £1 billion Crossrail... Learn More
2019-2020 Revenue Growth: 16.7%
The LED Manufacturing industry includes companies that produce whole and parts of light-emitting diodes (LEDs) for both private customers and businesses. However, the industry excludes the manufactures luminaries, LED fixtures and tertiary products. The industry is expected to be in the growth stage of its life cycle, with revenue anticipated to rise at a compound annual rate of 8.5% over the five years through 2019-20.In the current year, industry revenue is expected to increase by 15.5% to reach £55.8 million. However, industry revenue has been subject to medium degree of volatility over the past five years. In the year of the period,... Learn More
2019-2020 Revenue Growth: 16.6%
The performance of the Gin Production industry is contingent on demand for gin from downstream on-trade and off-trade outlets, which in turn is influenced by income levels, societal trends and consumer preferences. Alcohol consumption per capita has been constrained over the past five years, amid rising pressures on household income levels and campaigns highlighting the negative health effects associated with alcohol. Despite this, sales of gin have soared, with strong demand largely underpinned by an influx of craft distillers in premium segments of the market. Industry revenue is expected to increase at a compound annual rate of 19.9% over the five years through 2019-20,... Learn More
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