Industry Analysis & Industry Trends
The Commercial Building Construction industry has been recovering from a tumultuous period during the economic downturn, when private investment in commercial and industrial premises slumped in response to adverse trends in company profitability, employment and household spending. In the public sector, the government's spending cuts affected demand for institutional buildings like schools and hospitals. However, the Olympic Games and some landmark office developments provided some support for those operators based in or near London.
Increased business confidence stemming from a stabilising of the economy helped demand to recover from the recession-induced low in 2011-12... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry has a low concentration of ownership, since the four largest contractors are estimated to generate just 17.8% industry revenue in 2014-15. Relatively few firms are capable of constructing large-scale landmark projects such as stadiums and multistorey office complexes. Since work on these projects tends to have a disproportionate effect on industry revenue, a few large firms exercise some degree of influence, despite the fact that market concentration is low. The leading players are multi-establishment companies with locations across the United Kingdom and, occasionally, in foreign markets. However, roughly 90% of industry operators are estimated to have fewer than five employees and only a small percentage have annual revenue of more than £5 million... purchase to read more