Commercial Building Construction in the UK - Industry Market Research Report

Commercial Building Construction in the UK - Industry Market Research Report

Commercial Building Construction in the UK

Various economic events have spurred a degree of instability in the UK economy in recent years, with economic fluctuations dictating the fortunes of commercial building contractors. Market uncertainties spurred a reluctance among private investors to dedicate significant spending towards capital ventures, weighing on lead generation. Heightened economic disruption has spurred a greater degree of volatility since the pandemic, with investors lacking the capital and incentive for commercial expansion. Revenue is forecast to increase at a compound annual rate of 0.1% to reach £21 billion over the five years through 2023-24.

This industry consists of firms that construct non-residential buildings to sell on their own account or on a fee or contract basis. This includes schools, hospitals, stores and airport buildings. The assembly and erection of prefabricated buildings is also covered. Repairs and maintenance are also included in the industry. Part or all of the construction process may be outsourced.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."