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Commercial Building Construction in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Commercial Building Construction Market Research Report | SIC F41.201 | Jun 2015

Build it up: Higher business expenditure will prompt greater investment in new building projects

IBISWorld’s Commercial Building Construction market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Kier Construction Limited Kier Construction Limited market share
Industry Statistics & Market Size
Revenue
£20bn
Annual Growth 11-16
5.9%
Annual Growth 16-21
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Profit
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Employment
90,414
Businesses
15,614
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 such as 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 SWOT Analysis Chapter

The industry is in a mature stage of its life cycle. Industry value added (IVA), which measures the amount the industry adds to the economy, is forecast to grow at a compound annual rate of 2.7% over the 10 years through 2020-21. In comparison, UK GDP is projected to rise at a compound annual rate of 2.1% over the same period. Although industry revenue is estimated to increase somewhat faster than this over the decade, pressure on profit margins is likely to limit any expansions in IVA in the next five years.

New construction techniques and advances in the materials used have improved the productivity of the industry. One of the biggest changes has been the wider use of prefabricated or precast sections, which can then be quickly assembled once on-site... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Commercial Building Construction Industry?

This industry includes firms that construct non-residential buildings to sell on their own account or on a fee or contract basis. The assembly and erection of prefabricated buildings is also covered. Sometimes, part or all of the construction process is outsourced.

Industry Products
OfficesEducational buildingsHealth-related buildingsRetail buildingsEntertainment and recreation buildingsIndustrial buildingsOther non-residential buildings
 
Industry Activities
Constructing industrial buildings Constructing institutional buildings Constructing offices, hotels, shopping malls, restaurants and other commercial buildingsConstructing recreation and entertainment facilitiesAssembling and erecting prefabricated non-residential buildings


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