United Kingdom Video Production Market Insights Forecasts to 2033

• The U.K. Video Production Market Size was valued at USD 5,812.3 Million in 2023.
• The Market is Growing at a CAGR of 27.53% from 2023 to 2033
• The UK Video Production Market Size is Expected to Reach USD 66,131.2 Million by 2033

The U.K. Video Production Market is Anticipated to Reach USD 66,131.2 Million by 2033, growing at a CAGR of 27.53% from 2023 to 2033.  

Market Overview

The technique and art of creating video material is known as video production. It is comparable to making movies, but instead of using film stock, images are captured digitally. Fundamentally, video production turns an idea or concept into a visual narrative that is appropriate for the target audience and is interesting and educational. A video production business offers all-inclusive services, managing every part of the video production procedure, from ideation to distribution. Whether the company is creating a social media campaign, commercial, or business presentation, these experts make sure that every sound and visual element supports its goals. Additionally, in the UK, there is an increasing need for content due to a variety of demands from the business, consumer, and digital platform sectors. At the same time, companies in the UK are using video to promote, advertise, and communicate internally, which is driving up the cost of professional production services.

Report Coverage

This research report categorizes the market for the UK video production market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom video production market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.K. video production market.

Driving Factors

Film studios, dynamic towns, breathtaking natural scenery, and an abundance of skilled industry personnel make the UK film business well-positioned for success. In 2022, the United Kingdom spent USD 1.97 billion on film production. In 2020, the film and television industries saw about 16,000 enterprises engaged in post-production and editing of videos. The UK video production market is expanding significantly, as seen by the rising number of production companies and the increasing amount of investment. Additionally, the UK government has put in place a number of tax breaks to promote film production in the nation. One such program is the Film Tax Relief scheme, which allows businesses to receive a cash refund of up to 25% of their expenditure.

Restraining Factors

Film and video production firms in the UK are facing more competition from outside markets, especially from China and the US, which have larger and more established film industries.

Market Segmentation

The UK video production market share is classified into genre and end-use.

• The fantasy & science fiction segment is expected to hold the greatest market share through the forecast period.    

The U.K. video production market is segmented by genre into action & adventure, thriller & horror, fantasy & science fiction, and drama. Among these, the fantasy & science fiction segment is expected to hold the greatest market share through the forecast period. The committed fan base of these genres is something that streaming services and studios aim to satisfy. Studio and streaming platform investment in these genres is generally reliant on substantial expenditures for the creation of immersive spaces.

• The consumer segment is anticipated to hold a significant share of the United Kingdom video production market during the forecast period.

Based on the end-use, the UK video production market is divided into enterprise and consumer. Among these, the consumer segment is anticipated to hold a significant share of the United Kingdom video production market during the forecast period. People are increasingly adopting video as a medium to build personal brands and interact with their audiences. This includes influencers and content creators. Demand for lifestyle and vlogging material increased.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. video production market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• LiveUP Media
• Allan Rowland
• InPlayer Limited
• MediaGuruTV
• Theory Films
• Creative Video Production
• UpCity
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In December 2023, a Memorandum of Understanding was signed by VisitBritain and the British Film Commission with the aim of increasing screen tourism across the UK's nations and regions.

Market Segment

This study forecasts revenue at the UK, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Video Production Market based on the below-mentioned segments:

United Kingdom Video Production Market, By Genre

• Action & Adventure
• Thriller & Horror
• Fantasy & Science Fiction
• Drama

United Kingdom Video Production Market, By End-use

• Enterprise
• Consumer