Below are the most relevant reports on Ireland’s most important small business sectors.
Irish agri-food exports were worth €10.8 billion to the Irish economy in 2015. 105,900 people are employed in Irish agriculture, forestry and fishing. Dairy farms, if they are to achieve a 50% increase in production need a €1.5 billion investment in their sector. Here’s what you need to know about farming in Ireland. THE REPORT.
The motor sector
The outlook for growth in the car industry for 2016 is very positive for people working in the area. The market has started off stronger than expected and some dealerships are predicting over 160,000 cars in total will be sold in Ireland this year. The increase in sales is driven by some key factors. THE REPORT.
The hotel sector
The number of overseas visitors to Ireland, as reported by Fáilte Ireland, grew to 7.9 million in 2015 and 11% growth on 2014. This surpassed industry expectations. Hotels are feeling more confident about the future, and there is a 2025 target of 10 million overseas visitors to Ireland, which is expected to yield an additional 50,000 jobs. THE REPORT.
The number of stores in Ireland is over 1,800, a 40% increase in the 2003 numbers. 94% of people would like pharmacists to be able to prescribe for minor ailments. 80% of people above the age of 50 regularly shop in owner-run pharmacies. The population of Ireland is expected to increase to 5.7m by 2026 and the number of individuals aged 75+ years will more than double in that time. THE REPORT.
The pub sector
Within Dublin, particularly Dublin city centre, there are clear signs of a sustained recovery in the pub industry. The same cannot be said about rural pubs. THE REPORT.
There is stiff competition in this sector and the grocery market in general. The grocery market share in December 2015 was Supervalu (24.6%), Tesco (24.1%) and Dunnes (23.8%). THE REPORT.
The technology sector
Irish technology companies raised €415m by Q3 2015, an increase of 32% over the same period last year. The tech industry is experiencing a skills shortage but is still investing in software and apps. THE REPORT.
The gap between the demand and supply of nursing home beds in Ireland is increasing. The long-term care sector is facing significant challenges to meet the expected demand for beds by 2021.
Primary care centres
A lot of investment is going into this important sector. It is estimated that up to 100 PCCs will be completed over the next three years, with a potential capital investment of c.€700m. THE REPORT.
Main image by Honey Cloverz / Shutterstock.com.