Based on the expert analysis and our database of 440+ UK industries, 麻豆区 presents a list of the Industries with the Biggest Increase in Profit Margin in the UK in 2024
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View a list of the Top 25 industries with the biggest increase in profit marginPercentage Point Increase for 2024: 22.3pp
Over the five years through 2022-23, industry revenue is expected to contract at a compound annual rate of 3.7%. The industry's largest downstream markets, motor vehicle and aerospace manufacturers, significantly influence light metal casting demand due to both sectors' inherent need for light metal casting in their production.
In 2022-23, revenue is forecast to rise by 6.1% to £552 million, driven by the recovery of major downstream markets as the pandemic winds down. Declining car production has weighed on industry revenue over the past five years. Before COVID-19, car registrations had fallen steeply, limiting demand for automotive components. The Boeing 737... Learn More
Percentage Point Increase for 2024: 18.7pp
Cinemas earn their income primarily through box office sales, with blockbuster films being incredibly lucrative, but food and beverage sales and screen advertising also offer relatively strong revenue streams. The industry is dominated by the top four chains holding most of the market shares. Non-chain cinemas typically operate within niche sectors of the industry.
High cinema admissions and a strong film slate helped UK cinemas grow throughout the years. The release of highly anticipated films and the popularity of major film franchises (think the Marvel Cinematic Universe) pushed admission numbers to a decades-long peak of 177 million in 2018, according to... Learn More
Percentage Point Increase for 2024: 16.8pp
Over the five years through 2022-23, revenue is expected to contract at a compound annual rate of 1.7% to £3.7 billion. COVID-19 disruptions decimated urban rail traffic, driving this revenue loss. London is the largest market for urban rail services, accounting for more than 90% of passengers. Consequently, Transport for London (TfL) dominates the industry through its ownership of the London Underground, the Docklands Light Railway and the London Overground. Industry performance is predominately contingent on the number of passengers using these services, which is determined by several demographic and social factors, including the size of the urban population, the... Learn More
Percentage Point Increase for 2024: 12.7pp
The Budget Airlines industry has benefitted from consumers increasingly seeking value for money. The industry is highly concentrated, consisting of only four airlines. External factors, including business and consumer confidence, household disposable income, and outbound and international tourist numbers, determine demand for budget airlines. Shocks like natural disasters, terrorist attacks and disease outbreaks also affect demand. Revenue is expected to rise at a compound annual rate of 0.3% over the five years through 2023-24 to £10.1 billion.
Before the COVID-19 outbreak, subdued confidence and weak growth in household disposable income due to Brexit supported demand for budget airlines' services from... Learn More
Percentage Point Increase for 2024: 10.3pp
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. Russia's invasion of Ukraine has also played a... Learn More
Percentage Point Increase for 2024: 8.7pp
Over the five years through 2023-24, scheduled passenger air transport revenue is anticipated to contract at a compound annual rate of 3.6% to £24.1 billion. The COVID-19 outbreak has had a devastating effect on airlines. Strict public health restrictions significantly cut demand for air travel during the first quarter of 2020-21. Despite showing signs of recovery during the second quarter of 2020-21 with the easing of travel restrictions, the re-implementation of domestic and international restrictions spurred a renewed slump in passenger numbers in the latter half of 2020-21.
Although passenger numbers remain fairly robust during weak economic conditions, changes in consumers'... Learn More
Percentage Point Increase for 2024: 8.5pp
Large companies IWG and WeWork have a strong foothold in the serviced office industry, as they can afford to lease prime Central London locations and expand rapidly. Packages vary from daily access, monthly memberships, yearly desk area rental and whole floors with the main value add being cancellation flexibility and low monthly prices.
The industry grew rapidly until the outbreak of COVID-19, which resulted in everyone being stuck at home. The expansion of tech start-ups and consultancies fuelled growth – flexible workspace providers were quickly expanding, perhaps too quickly. The pandemic took a hit on new memberships and occupancy levels, draining... Learn More
Percentage Point Increase for 2024: 8.4pp
Over the five years through 2023-24, sea and coastal passenger water transport revenue is anticipated to drop at a compound annual rate of 6.6% to £2.3 billion. The industry is heavily reliant on domestic and international tourism. Cruise ships have performed robustly over most of the period and have expanded by marketing value, including all-inclusive holidays. However, demand for international ferry services has wavered as a result of intense competition from air and rail transport. Travel restrictions in response to the COVID-19 outbreak caused passenger numbers to plummet during 2020-21.
Changing tourist trends and technological developments have maintained a strong demand... Learn More
Percentage Point Increase for 2024: 7.6pp
Revenue is accumulated from membership fees, which are typically on a contract basis. Gyms can be low-market, mid-market and high-market based on their membership fees and the facilities they offer. Despite the presence of several large players, there are still many small independent gyms operating across the UK.
Over the five years through 2023-24, industry revenue is expected to decrease at a compound annual rate of 4.2% to £1.9 billion. Strong growth over the two years through 2019-20 was underpinned by a number of public health initiatives. The industry's structure has also undergone a shift in favour of budget operators, such... Learn More
Percentage Point Increase for 2024: 7.1pp
Over the five years through 2023-24, revenue is projected to contract at a compound annual rate of 2.8% to £778.5 million. This contraction was mostly driven by COVID-19 disruptions causing revenue to plummet, which conference centres are yet to fully bounce back from. The EU referendum drove volatility in business markets, with many companies holding off on spending while market conditions were uncertain. However, conference centres continued to attract bookings; they drew in demand by investing in improving venues (renovating spaces, introducing new technologies, etc.). At the same time, the government was promoting the UK's reputation for hosting quality events... Learn More
Based on the expert analysis and our database of 440+ UK industries, 麻豆区 presents a list of the Most Profitable Industries in the UK in 2024
VIEW ARTICLEBased on the expert analysis and our database of 440+ UK industries, 麻豆区 presents a list of the Fastest Growing Industries in the UK by Revenue Growth (%) in 2024
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