Table of Contents
Hard Coal Mining in the UK
Video & Game Rental in the UK
Paint, Coatings & Printing Ink Manufacturing in the UK
Fuels, Industrial Chemicals & Metals Agents in the UK
Residential Real Estate Agents in the UK
Tax Consultants in the UK
Garden Centres & Pet Shops in the UK
Online Home Furnishing Retailing in the UK
Breakfast Cereals & Cereal-Based Foods Production in the UK
Healthcare Construction in the UK
1. Hard Coal Mining in the UK
2023-2024 Revenue Growth: -30.0%
Over the five years through 2022-23, hard coal mining revenue is forecast to fall at a compound annual rate of 26.2%. Before COVID-19 hit, coal prices were inching downwards as demand for coal from electricity generators fell. The drop in sales and revenue has contributed to a sharp drop in the number of UK coal mines in the UK, with numerous mining licences expiring.The COVID-19 outbreak accelerated the closure of coal mines in the UK; however, as the pandemic started to wind down, coal prices rose in response to supply chain disruptions.
2. Video & Game Rental in the UK
2023-2024 Revenue Growth: -11.9%
Industry operators rent physical copies of films, TV programmes and games in stores or over the internet to be delivered by post. The industry does not include the provision of media through streaming services (see IBISWorld report SP0.017), such as subscription video on demand providers, or downloadable games. Following the shift in consumer preference towards streaming services and the subsequent exit of major industry players, the industry has undergone massive structural change and is now highly fragmented.Industry revenue is forecast to decline at a compound annual rate of 28.3% over the five years through 2022-23 to £13.5 million.
3. Paint, Coatings & Printing Ink Manufacturing in the UK
2023-2024 Revenue Growth: -10.2%
The Paint, Coatings and Printing Ink Manufacturing industry’s revenue has remained steady over the five years through 2023-24, with falling demand from end-user industries limiting sales volumes. Rising prices of key commodities and inputs have underpinned revenue as manufacturers can pass on these cost rises to customers. The industry’s most prominent players are subsidiaries of major international operators with strong national, regional and global brand names for various paint products. Several businesses are also vertically integrated, meaning that competition occurs throughout the supply chain rather than just at the manufacturing level.
4. Fuels, Industrial Chemicals & Metals Agents in the UK
2023-2024 Revenue Growth: -9.9%
Fuel, chemical and metal agents contend with highly volatile global commodity prices and industrial production and construction output fluctuations. The COVID-19 outbreak severely pressured global economic growth causing production levels to tumble and stymieing oil demand. Oil prices collapsed and fell into negative territory for the first time, with producers paying clients to take the surplus off their hands. Record-low oil prices had a substantial contractionary effect on revenue as most agents work off a commission basis.
5. Residential Real Estate Agents in the UK
2023-2024 Revenue Growth: -9.4%
Companies in the Residential Estate Agents industry act as intermediaries when a residential property is bought, sold, rented or leased in the UK. Typically, estate agents earn income via fixed flat rates or commissions and transaction fees related to the selling price charged to interested parties. Estate agents also provide clients with value-added ancillary services through which they can earn sufficient income, including specialist advisory services, contract appraisals, property valuation and escrow services. Legal activities and financial services are not considered relevant to this industry.
6. Tax Consultants in the UK
2023-2024 Revenue Growth: -8.5%
Over the five years through 2023-24, tax consultant’s revenue is expected to contract at a compound annual rate of 3.5% to £4.5 billion. Before the COVID-19 outbreak, operating conditions had been generally favourable, as a falling unemployment rate and a rising number of businesses have increased the potential client base for tax consultancies. The industry has a high level of market share concentration, with the four largest firms collectively accounting for 82.4% of industry revenue in 2023-24.
7. Garden Centres & Pet Shops in the UK
2023-2024 Revenue Growth: -7.6%
Over the five years through 2022-23, the Garden Centres & Pet Shops industry is expected to decrease at a compound annual rate of 1.6% to reach £4.7 billion. In the current year, industry revenue is expected to decline by 4%. Pet ownership increased over the COVID-19 (coronavirus) pandemic lockdowns, but as individuals return to work and the cost-of-living crisis constrains disposable income throughout 2022-23, more pets are being put up for adoption, reducing pet supplies demand. Additionally, more people are choosing to use adoption centres.
8. Online Home Furnishing Retailing in the UK
2023-2024 Revenue Growth: -6.7%
Over the five years through 2022-23, revenue will increase at a compound annual rate of 1.8%. Government assistance has helped drive online home furnishing retailers’ sales, particularly during the peak-pandemic and lockdown periods. The growing proportion of rented households has also shaken up the homeware and furnishing market, while the industry faces intense competition from bricks-and-mortar furnishing retailers and clothing retailers expanding into the homeware arena.In 2022-23, revenue will plunge by 10.4% to £2.2 billion.
9. Breakfast Cereals & Cereal-Based Foods Production in the UK
2023-2024 Revenue Growth: -6.5%
Companies in the Breakfast cereal and Cereal-Based Foods Production industry manufacture mainly supply supermarkets and grocery stores. Changing consumer tastes have weighed on the industry’s performance, with health concerns playing a much more substantial role in consumers’ food choices. Media scrutiny of the high sugar content of many processed kinds of cereal has slashed sales. At the same time, healthier alternatives, like porridge, muesli and granola and Weetabix, have grown in popularity thanks to their perceived health benefits compared to traditional cereals.
10. Healthcare Construction in the UK
2023-2024 Revenue Growth: -6.2%
Companies in the Healthcare Construction industry construct, repair, maintain and alter health and social care buildings and facilities on behalf of private and public-sector entities. While private finance plays a vital role in the funding of healthcare real estate and infrastructure development, the capital departmental expenditure limit (DEL) of the Department of Health and Social Care (DHSC) underpins healthcare construction procurement in the National Health Service (NHS) and among NHS trusts. Healthcare estate provides the foundations for good health and social care delivery.
Source from IBISWorld
Disclaimer: The information set forth above is provided by IBISWorld independently of Alibaba.com. Alibaba.com makes no representation and warranties as to the quality and reliability of the seller and products.
