Summary
Government Spending in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Government spending refers to the money spent by the government of a country to provide goods and services to its citizens. It helps to drive economic growth, create employment opportunities, and improve the standard of living for its citizens.
- The UK government spending market recorded expenditure of $1,634.7 billion in 2024, representing a compound annual growth rate (CAGR) of 7.0% between 2019 and 2024.
- The social protection segment accounted for the market's largest proportion in 2024, with a total expenditure of $526.1 billion, equivalent to 32.2% of the market's overall expenditure.
- The expansion of the UK government spending market in 2024 was driven by continued efforts to support post-pandemic recovery and address rising social welfare demands. According to the Office for National Statistics, the youth unemployment rate in the UK increased to 12.7% in September 2024 from 11.6% in September 2023, hampering labor market and increasing pressure on public welfare services.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the government spending market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in the United Kingdom
- Leading company profiles reveal details of key government spending market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom government spending market with five year forecasts
Reasons to Buy
- What was the size of the United Kingdom government spending market by value in 2024?
- What will be the size of the United Kingdom government spending market in 2029?
- What factors are affecting the strength of competition in the United Kingdom government spending market?
- How has the market performed over the last five years?
- How large is the United Kingdom’s government spending market in relation to its regional counterparts?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the recent developments in the market?
8 Company Profiles
8.1. Balfour Beatty Plc
8.2. BAE Systems Plc
8.3. Network Rail Ltd
8.4. Capita Plc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: United Kingdom government spending sector value: $ billion, 2019-24
Table 2: United Kingdom government spending sector category segmentation: % share, by value, 2019-24
Table 3: United Kingdom government spending sector category segmentation: $ billion, 2019-24
Table 4: United Kingdom government spending sector geography segmentation: $ billion, 2024
Table 5: United Kingdom government spending sector value forecast: $ billion, 2024-29
Table 6: Balfour Beatty Plc: Key Facts
Table 7: Balfour Beatty Plc: Annual Financial Ratios
Table 8: Balfour Beatty Plc: Key Employees
Table 9: BAE Systems Plc: Key Facts
Table 10: BAE Systems Plc: Annual Financial Ratios
Table 11: BAE Systems Plc: Key Employees
Table 12: Network Rail Ltd: Key Facts
Table 13: Network Rail Ltd: Key Employees
Table 14: Capita Plc: Key Facts
Table 15: Capita Plc: Annual Financial Ratios
Table 16: Capita Plc: Key Employees
Table 17: United Kingdom Size of Population (Million), 2020-24
Table 18: United Kingdom Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 19: United Kingdom GDP (Current Prices, $ Billion), 2020-24
Table 20: United Kingdom Inflation, 2020-24
Table 21: United Kingdom Consumer Price Index (Absolute), 2020-24
Table 22: United Kingdom Exchange Rate, 2019-24
List of Figures
Figure 1: United Kingdom government spending sector value: $ billion, 2019-24
Figure 2: United Kingdom government spending sector category segmentation: $ billion, 2019-24
Figure 3: United Kingdom government spending sector geography segmentation: % share, by value, 2024
Figure 4: United Kingdom government spending sector value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the government spending sector in the United Kingdom, 2024
Figure 6: Drivers of buyer power in the government spending sector in the United Kingdom, 2024
Figure 7: Drivers of supplier power in the government spending sector in the United Kingdom, 2024
Figure 8: Factors influencing the likelihood of new entrants in the government spending sector in the United Kingdom, 2024
Figure 9: Factors influencing the threat of substitutes in the government spending sector in the United Kingdom, 2024
Figure 10: Drivers of degree of rivalry in the government spending sector in the United Kingdom, 2024
