United Kingdom Construction Industry Databook Series – Market Size & Forecast by Value and Volume (area and units) across 40+ Market Segments in Residential, Commercial, Industrial, Institutional and Infrastructure Construction, Q1 2022 Update

United Kingdom Construction Industry Databook Series – Market Size & Forecast by Value and Volume (area and units) across 40+ Market Segments in Residential, Commercial, Industrial, Institutional and Infrastructure Construction, Q1 2022 Update

Report Description

According to ConsTrack360's Q4 2021 Global Construction Survey, construction industry in United Kingdom is expected to grow by 14.1% to reach GBP 1,66,765 million in 2022.

Despite near-term challenges in certain construction sectors, medium to long term growth story in United Kingdom remains intact. The construction industry in United Kingdom is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 8.1% during 2022-2026. The construction output in the country is expected to reach GBP 2,27,627.2 million by 2026.

The construction industry is growing rapidly in the United Kingdom

A sharp increase in business activity was seen across all areas of the construction industry, including the residential, commercial, and infrastructure sectors. However, the housebuilding sector remains one of the fastest-growing in the United Kingdom construction industry.

ConsTrack360 expects the growth in the housebuilding sector to be spurred by the stamp duty exemption. Notably, the stamp duty exemption has fueled the demand for housing among buyers in 2021. With the pandemic measures easing and the economy reopening again for business, as usual, ConsTrack360 expects the demand to continue in the housing sector over the next four to eight quarters. However, rising costs and material shortages could have a severe impact on the overall projected growth in the residential construction sector in the near term.

About the growth prospects of the overall construction industry in the country, ConsTrack360 remains optimistic over the next four to eight quarters.

Increasing spending on infrastructure projects to boost the industry growth

In September 2021, the government announced the National Infrastructure and Construction Pipeline, thereby setting out a plan for GBP 650 billion of investment in various infrastructure projects over the next ten years. Of these GBP 650 billion, the largest share of investment has been allocated for the transport sector. Notably, the sector is expected to receive nearly ~GBP 68 billion from 2022 to 2025. The energy-related construction projects are expected to account for over ~GBP 50 billion during the same period.

Some of the major infrastructure projects currently undertaken by the United Kingdom also fall within these categories. These projects include the High Speed 2 rail network, the Hinkley Point C nuclear power plant, and the Lower Thames Crossing Road tunnel in London. The National Infrastructure and Construction Pipeline document released by the government states that over ~GBP 29 billion will be given to social and economic projects, which are expected to be launched this year. Notably, these projects are part of the Build Back Better program of the government, which is expected to account for a total investment of ~GBP 195 million.

ConsTrack360 expects this increased spending by the government on the infrastructure development projects to support the growth of the industry from the short to medium-term perspective.

Sustainability driven innovation is expected to further boost growth in the construction industry

The UK Green Building Council is promoting a net-zero carbon buildings framework in the country. With this framework in mind, businesses are building new stores that are built using natural or recycled materials. For instance,
• In December 2021, McDonald's announced that the firm had opened UK's first net-zero restaurant building in the country. Notably, the restaurant store is built using natural or recycled materials and is powered by a combination of wind turbines and solar panels.
• Notably, the restaurant has been designed to meet net-zero standards in both its construction as well as its everyday operations. The firm has announced that the net-zero restaurant in the Market Drayton is the first in the country and will be used as a blueprint to build more new net-zero restaurants around the United Kingdom in 2022.

ConsTrack360, therefore, expects the green construction activities in the country to boost further growth in the overall construction market over the next four to eight quarters in the United Kingdom.

This report from ConsTrack360 provides data and trend analyses on construction industry in the United Kingdom, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 140+ charts and 110+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 40 segments in residential, commercial, industrial, institutional, and infrastructure construction sectors.

It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.

Scope
• Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025 in United Kingdom. KPIs covered include the following:
• Market size by value
• Market size by volume of construction
• Number of units
• United Kingdom Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Housing type (multi family, single family)
• Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
• Price point / income level (luxury, mid-tier, affordable)
• Construction stage (new construction, re-development & maintenance)
• United Kingdom Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Green building by Housing type (multi family, single family)
• Green building by Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
• Green building by Price point / income level (luxury, mid-tier, affordable)
• United Kingdom Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Office (further broken down by Grade A, Grade B, and Grade C)
• Retail (further broken down by Grade A, Grade B, and Grade C)
• Hospitality (further broken down by Grade A, Grade B, and Grade C)
• Restaurant (further broken down by Grade A, Grade B, and Grade C)
• Entertainment
• Sports facility
• Construction stage (new construction, re-development & maintenance)

• United Kingdom Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Office green building construction
• Retail green building construction
• Hospitality green building construction
• Restaurant green building construction
• Entertainment green building construction
• Sports facility green building construction
• Other commercial green building construction
• United Kingdom Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)
• United Kingdom Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Healthcare construction
• Educational construction
• Public sector
• Construction stage (new construction, re-development & maintenance)
• United Kingdom Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Healthcare green building construction
• Educational green building construction
• United Kingdom Infrastructure Construction Sectors: 10- year market size & forecast in value terms by
• Marine and inland water infrastructure
• Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
• Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
• Construction stage (new construction, re-development & maintenance)
• United Kingdom Green Infrastructure Construction: 10- year market size & forecast in value terms

Reasons to buy
• In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 40+ market segments and sub-segments of building and infrastructure construction industry in United Kingdom.
• Volume and Value Data: Get detailed understanding of the market both from value and volume (both by activity and units) perspective for historical as well as forecast period
• Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in construction industry.
• City Level Insights: Get city level trend analyses by tier-1, tier-2, and tier-3 cities.