Research by Utility Bidder has analysed the latest ONS UK business activity data to reveal the most common industries around the country.
The UK’s Top 10 Most Common Industries
Rank | Industry | Number of Companies | %of Companies | Percentage change from 2019 |
1 | Professional, scientific & technical | 467,595 | 17.01% | -0.87% |
2 | Construction | 351,250 | 12.77% | 2.19% |
3 | Business administration & support services | 235,755 | 8.57% | 3.06% |
4 | Information & communication | 225,745 | 8.21% | -0.21% |
5 | Retail | 208,795 | 7.59% | 0.02% |
6 | Arts, entertainment, recreation & other services | 175,720 | 6.39% | 0.98% |
7 | Accommodation & food services | 161,695 | 5.88% | 2.97% |
8 | Production | 152,675 | 5.55% | 0.43% |
9 | Agriculture, forestry & fishing | 148,845 | 5.41% | -0.46% |
10 | Transport & Storage (inc postal) | 123,075 | 4.48% | 10.52% |
The experts at Utility Bidder have commented on the research saying:
“It is unsurprising to see that the ‘professional, scientific and technical’ industry is the UK’s most common industry, as this has been the case for over the last 10 years through which the industry has seen stable growth.
“For the 6.39% of UK’s businesses who make up the ‘arts, entertainment, recreation & other services’ industry and the 5.88% of those who account for the ‘accommodation and food’ industry, it will be a tough year due to the coronavirus pandemic, which will impact heavily upon the number of these businesses operating in the economy in the future. Despite the 3.95% growth across these industries from 2019 to 2020, we will likely see a significant decrease in the number of businesses in these industries over the next year if the necessary investment is not provided.
“The ‘Transport & Storage’ industry has seen huge growth in the last year. This is likely to be due to the increase in popularity of online shopping and the globalisation of retail industries and it is likely that the industry will continue to grow over the next year, with the coronavirus pandemic encouraging more people to shop online.”
You can view the full research here: https://www.utilitybidder.co.uk/compare-business-energy/the-uks-most-common-industries/
For more information visit: www.utilitybidder.co.uk
For more Trending news follow i-invest Online.
- BlueSnap appoints Bill Christensen as SVP of Acquiring & RiskBlueSnap, a global payment orchestration platform for leading B2B and B2C businesses, has appointed Bill Christensen as SVP, of Acquiring & Risk.
- Jitterbit Unveils AI-Infused PlatformJitterbit Unveils AI-Infused Harmony Platform to Accelerate Business Transformation
- Spotify founders’ £299 Full Body Scan, Neko Health, launches in the UKNeko Health Brings a First-of-Its-Kind £299 Body Scanner to the UK, Helping Doctors Find and Prevent Disease Neko Health, the preventative healthcare technology company co-founded by Hjalmar Nilsonne and Daniel Ek (founder of Spotify & Prima Materia), announced today the opening of its Health Centre in Marylebone, 9 St Vincent St, London. From today, people will… Read more: Spotify founders’ £299 Full Body Scan, Neko Health, launches in the UK
- UK FinTech vacancies on the rise amid investment reboundLondon is at the centre of a rapid increase in UK FinTech recruitment, new figures show. According to data shared with City A.M, FinTech is the top performing category within the country’s financial services industry when it comes to job vacancies in 2024, as investor confidence rises after a dip in recent years. A report by recruiter… Read more: UK FinTech vacancies on the rise amid investment rebound
- Ørsted shuts down its last coal-fired heat and power plantOn 31 August 2024, Ørsted will shut down its last coal-fired combined heat and power plant, Esbjerg Power Station, located in the Western part of Denmark. Today, Ørsted is one of the largest renewable energy companies in the world and the global leader in offshore wind power. Earlier, Ørsted was one of the most coal-intensive… Read more: Ørsted shuts down its last coal-fired heat and power plant