Based on the expert analysis and our database of 440+ UK industries, IBISWorld presents a list of the Industries with the Highest Growth in Employment in the UK in 2024
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View a list of the Top 25 industries with the highest growth in employmentEmployment Growth for 2024: 40.5%
Lithium battery manufacturing is ramping up in the UK following substantial support from government-backed R&D investment. Manufacturers are increasingly focused on producing high-quality, low-volume batteries – often to spec – for the defence, medical and automotive industries. Business confidence is a key driver of investment in lithium battery manufacturing, which is driven by the state of the economy. Exports are a key source of revenue; the sustained weakness of the pound has made UK-manufactured batteries more competitively priced, helping to raise export levels. Over the five years through 2023-24, lithium battery manufacturers' revenue is forecast to grow at a compound... Learn More
Employment Growth for 2024: 23.1%
The language learning software industry has boomed, with revenue estimated to hike at a compound annual rate of 17% over the five years through 2023-24. Its successful performance is partially due to the infancy of the industry, with the majority of language learning platforms being less than 10 years old. Language learning apps surged in popularity among consumers, providing a cheaper alternative to traditional face-to-face courses while offering greater flexibility to users with regard to the time they are willing or able to dedicate to language learning. The number of start-up developers has increased markedly, with many companies having attracted... Learn More
Employment Growth for 2024: 17.6%
The industry relies on public sector investment towards maintaining and expanding electricity and telecommunications infrastructure. The essential nature of this infrastructure ensures a consistent stream of work repair and maintenance work. At the same time, the government has pumped significant funds into the energy value chain in pursuit of decarbonisation objectives, boosting opportunities in the renewable energy generation market. Over the five years through 2023-24, the electricity and telecommunication infrastructure construction industry is expected to climb at a compound annual rate of 1.9% to £7.3 billion.
Contractors have capitalised on significant expansion of the UK's renewable generating capacity in recent years,... Learn More
Employment Growth for 2024: 17.4%
Over the five years through 2023-24, revenue is projected to contract at a compound annual rate of 4.9%. Taxi operations have faced challenging operating conditions due to increased competition and volatile demand. The COVID-19 outbreak took a huge hit on the industry's performance, with revenue collapsing by more than half in 2020-21. The industry has struggled to fully recover from the COVID-19 outbreak, as ridesharing erodes much of the industry's customer base.
Taxi operations have struggled to maintain steady demand due to increased internal and external competition. Technological advances have reduced the barriers to entering the industry because drivers require less... Learn More
Employment Growth for 2024: 16.3%
The number of activities conducted on the web, including online commerce and online banking, has surged, triggering an explosion of data tools and software, including software designed to ensure that sensitive personal information and payment card information is kept safe. As organised crime schemes have become increasingly sophisticated, fraud detection software has followed suit. The growth in artificial intelligence has shifted industry interest from rule-based systems to systems powered by machine learning software.
The industry has boomed over the past decade, with revenue estimated to surge at a compound annual rate of 17.5% over the five years through 2023-24 to reach... Learn More
Employment Growth for 2024: 13.9%
Over the five years through 2023-24, Online Recruitment Site industry revenue is anticipated to increase at a compound annual rate of 7.3%. Online recruitment sites have become increasingly popular and a mainstream way to find a job. While site operators can't charge candidates, having more registered CVs and website visitors allows online recruitment companies to command a higher fee from businesses for their services. Sites have prioritised expanding ancillary services to attract more clients and ensure successful placements. Regarding employment trends, government, healthcare, education, IT and technology, and the hospitality and tourism markets have been the driving force for demand... Learn More
Employment Growth for 2024: 11.8%
The Venture Capital industry has seen healthy growth over the past decade, as investors increasingly turn to private markets, seeing the benefits of greater returns and portfolio diversification that a venture capitalist can offer. From being a niche area of finance consisting of old-school investors and investment bankers, venture capital has evolved to allow investors to capitalise on new technologies and innovations that could disrupt and shape the future. This phenomenon has become all too common in recent years, with the rapid pace of technological change giving rise to exciting advancements like generative AI.
Venture capital revenue is projected to grow... Learn More
Employment Growth for 2024: 11.8%
Corporate housing providers are constantly entering the industry by renting apartments from landlords, fully fitting them out with furniture, appliances and décor, and subletting them for a profit. This model, combined with significant tech and online marketing investments, is driving industry growth.
Although the industry is considered a fast growing one, Brexit cast a shadow of uncertainty over the UK business economy, with international business travel inflows exhibiting a downward trend in recent years. Travel restrictions following the COVID-19 outbreak exacerbated this trend, with international corporate travel grounding to a halt, depressing occupancy rates across the industry while taking a toll... Learn More
Employment Growth for 2024: 11.5%
Grocery wholesalers have faced challenging conditions over the past five years, with downward pricing pressures and wholesale bypass constraining revenue. They've also had to adapt to changing consumer trends (e.g. rising health consciousness) and buying patterns (especially during COVID-19) and cater to increasingly time-poor consumers. Over the five years through 2023-24, industry revenue is forecast to contract at a compound annual rate of 2.2% to £34.4 billion, including an expected dip of 0.1% in 2023-24 due to rising inflation limiting sales volumes.
The COVID-19 outbreak led to the closure of hospitality establishments – a key market for grocery wholesalers. With restaurants... Learn More
Employment Growth for 2024: 11.1%
Building society revenue is anticipated to increase at a compound annual rate of 9% over the five years through 2023-24 to £26 billion. Low interest rates prior to the COVID-19 outbreak aided demand, as residential mortgage repayments became more affordable and the number of mortgage approvals picked up. Building societies have also benefited from an influx of re-mortgaging activity, as homeowners have sought to lock in lower rates before expected interest rate rises. However, societies faced challenging operating conditions, including intense competition from other financial institutions like retail banks, and a tightening regulatory environment.
The COVID-19 outbreak hurt revenue in 2020-21... Learn More
Based on the expert analysis and our database of 440+ UK industries, IBISWorld presents a list of the Biggest Industries by Employment in the UK in 2024
VIEW ARTICLEBased 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 2024
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