Fastest Growing Industries in the UK by Revenue Growth (%) in 2021

1. Safety Equipment & Supplies Wholesaling in the UK

2019-2020 Revenue Growth: 78.0%

Over the past decade, the tightening of workplace health and safety regulations has supported demand for industry goods. Industry operators must ensure that products adhere to occupational health and safety regulations to avoid fines and reduce the likelihood of lawsuits being brought against them by injured employees. Over the five years through 2020-21, industry revenue is expected to increase at a compound annual rate of 15.1% to reach £2.3 billion.

Strong levels of business and consumer confidence boosted demand for housing, infrastructure and commercial developments in 2015-16. However, more subdued economic conditions since the EU referendum have slowed activity in downstream... Learn More

2. CRM System Providers in the UK

2019-2020 Revenue Growth: 49.1%

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

3. Online Food Ordering & Delivery Platforms in the UK

2019-2020 Revenue Growth: 45.1%

Players in the Online Food Ordering and Delivery Platforms industry can be split into two categories: aggregators and new delivery platforms. Aggregators offer 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. New delivery platforms such as Deliveroo and Uber Eats offer delivery logistics. For new delivery operators, revenue is usually composed of restaurant sign-up fees, commission on orders, and delivery and service fees paid by the consumer.

Over the... Learn More

4. Language Learning Software Developers in the UK

2019-2020 Revenue Growth: 39.5%

Industry operators create language-learning software, which includes features such as language-learning games, speech-recognition technology, online practice sessions with native speakers and language exchange platforms. Over the past five years, the industry has expanded substantially, with revenue estimated to grow at a compound annual rate of 26.4%. This impressive result is in part explained by the fact that the industry is relatively young, as the majority of its companies have been operating for less than 10 years. Language learning applications have grown massively in popularity among consumers, providing a cheaper alternative to traditional face-to-face courses, while allowing greater flexibility to users... Learn More

5. Online Greetings Card Retailers in the UK

2019-2020 Revenue Growth: 36.5%

The industry has benefited from strong expansion in the wider online market as consumers have searched for cheaper deals and often preferred the convenience of the online platform. Demand for personalised cards has further supported growth. This has given operators an edge over traditional bricks-and-mortar retailers, as they are able to offer consumers cards for all occasions and allow consumers to design cards to their liking. Competition from physical stores is expected to have been significantly curbed from the beginning of 2020-21 as non-essential stores have been forced to close for weeks at a time as part of COVID-19 (coronavirus)... Learn More

6. Precious Metals Production in the UK

2019-2020 Revenue Growth: 35.9%

Industry operators recycle gold, silver and platinum group metals from a range of materials. Sales of platinum group metals are heavily influenced by the performance of the automotive sector, as the commodity is used to manufacture catalytic converters. In general, platinum is more prevalent in diesel vehicles and palladium in petrol vehicles, although all catalysts contain a proportion of platinum, palladium and rhodium. Gold and silver are both used to make jewellery and have a variety of industrial uses, but they are also popular with investors, who consider them a safe investment for their wealth. This investment demand means gold... Learn More

7. E-Commerce & Online Auctions in the UK

2019-2020 Revenue Growth: 29.5%

Firms in the E-Commerce and Online Auctions industry sell a wide variety of goods through online portals. Over the past decade, the industry has undergone considerable change. Formerly a declining industry that focused on mail orders and direct sales via TV, radio and telephone, the industry has been reinvigorated by the growth of internet services and rising online spending. The increasingly integrated nature of the internet and smartphones in everyday life has been pivotal to the industry's growth. Industry revenue is expected to increase at a compound annual rate of 13.5% over the five years through 2020-21 to reach £48.2... Learn More

8. Respiratory Protection Equipment Manufacturing in the UK

2019-2020 Revenue Growth: 28.4%

Companies in this industry manufacture respiratory protection equipment for use in workplaces where employees are exposed to potentially harmful substances in the atmosphere. High-risk work includes the cutting, drilling, sanding and welding of materials in construction and manufacturing industries, as well as quarry work, and chemical manufacturing. According to the Labour Force Survey, the incidence of work-related ill-health per 100,000 workers has remained fairly steady over the past five years, compared with a largely downward trend recorded prior to the start of the period. This increased prevalence of work-related respiratory disease is expected to supported industry demand over the past... Learn More

9. Audiobook Publishing in the UK

2019-2020 Revenue Growth: 27.7%

The Audiobook Publishing industry includes businesses involved in the design, marketing and distribution of audiobooks. Audiobook publishers hold rights to book titles and may publish content in solely audio form or, more commonly, in conjunction with print and e-book editions of the work. The industry is growing and its progress in over the past five years is encouraging when taking into account the difficult conditions that have characterised the wider UK Book Publishing industry (IBISWorld report J58.110). Over the five years through 2020-21, industry revenue is expected to grow at a strong compound annual rate of 19%. IBISWorld expects that... Learn More

10. Peer-to-Peer Lending Platforms in the UK

2019-2020 Revenue Growth: 27.5%

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