UK Construction Sector Trends & Opportunities Analysed in New Timetric Report Published at MarketPublishers.com24 Apr 2014 • by Natalie Aster
LONDON – The construction industry in the UK went through a difficult period during 2012. Consumer expenditure was relatively moderate, due to minimal real wage growth, escalating rates of unemployment, and concerns over the UK’s economic outlook. However, in 2013, the situation showed signs of improvement. During 2014-2018, the national construction industry is forecast to post a CAGR of 4.2% and reach over USD 241 billion by the end of the period, underpinned by the Government’s infrastructure investments and affordable housing initiatives.
The commercial construction sector is expected to grow at a CAGR of more than 3% to be valued at just over USD 76 billion by 2018-end. The demand in the residential construction market will be supported by improvements in the country's economic conditions, the fall in unemployment rates, and Government-led affordable housing incentives. In January 2014, the British Government announced its plan to build 165,000 affordable homes countrywide in the next five years, requiring an investment of over USD 36 billion. The plan is also targeted to attracting private investment to fund the project. The growth in the industrial construction output during the forecasted period is anticipated to be supported by the expansion of the automotive sector and manufacturing facilities.
New market research report “Construction in the UK – Key Trends and Opportunities to 2018” developed by Timetric provides an exhaustive understanding of key trends and opportunities in the construction industry in the United Kingdom.
The research study gives true and detailed insights into the major drivers of the national construction industry, which enables to peep into the market dynamics and identify the most promising opportunities for growth in the sector. It offers an up-close look at the 5 major segments (commercial, industrial, infrastructure, residential and institutional) and also segments the market by project type; offers breakdown of values within a specific project type, by construction activity and the type of costs. An insightful examination of key construction market related issues, including cost management, regulation, pricing and funding, is provided. Furthermore, the report contains extensive profiles of the leading domestic construction firms, along with granular data on the major projects across the country.
Construction in the UK – Key Trends and Opportunities to 2018
Published: April, 2014
Price: US$ 1,950.00
More new studies by the publisher can be found at Timetric page.