Verified Market Size

How we work

Every figure on this site is an official statistic, or is calculated directly from official statistics, and links to the exact table and cell it came from. This page explains what the figures measure and the checks they pass before they're published.

Sources

All of these are published under open licences that allow reuse with attribution. We don't use figures from paywalled reports or market research sellers.

What "market size" means here

A market size on this site is the total turnover of the businesses whose main activity is the industry, in the latest year official statisticians have published. It's the industry's sales, including exports and excluding VAT. It isn't the same as what customers in the country spend, which would also include imports. Industries are defined by the official European classification (NACE Rev. 2) and its UK equivalent (SIC 2007).

For a few industries, official turnover isn't what people usually mean by market size: gambling, where turnover can include total stakes, or staffing agencies, whose turnover includes the pay of temporary workers. Those pages carry a note directly under the headline figure.

Two kinds of number

We don't publish estimates. We tested a model that projects the latest official figures forward a year, checked it against years that had already been published, and fewer than half of its projections came within five per cent. That isn't good enough to put next to official figures, so we show the latest official number and, separately, the latest official growth signal for the wider industry.

Checks before anything is published

Comparing countries

UK figures are the ONS's "total turnover"; other countries show Eurostat's "net turnover". The two measures are close but not identical, and countries sometimes classify the same kind of business differently. Pages flag this where it matters.

Corrections

If you think a figure is wrong, email [email protected]with the page. We check it against the source and correct it, or explain why it stands.