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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 | Feb 2016

Constructing growth: Higher spending on health facilities has supported industry resurgence

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
£19bn
Annual Growth 11-16
4.9%
Annual Growth 16-21
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Profit
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Employment
85,036
Businesses
12,761
Industry Analysis & Industry Trends

The Commercial Building Construction industry has recovered well over the past five years. It had previously endured a period of decline when private investment in commercial and industrial premises slumped in response to adverse trends in employment, company profitability and household spending. In the public sector, government spending cuts affected demand for institutional buildings such as schools and hospitals. However, landmark office developments, rising demand for office space and increased spending on public health and educational facilities has supported resurgence in industry activity.

Increased spending on capital as a result of the stabilising of the economy has boosted revenue growth for the majority of the past five years... 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 4% 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 at a faster rate than this over the decade, pressure on profit margins is likely to limit any expansions in IVA in the next five years.

Demand continues to outweigh supply for many segments in the industry as a lack of skilled workers, available construction sites and rising material prices have restricted the output of contractors... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Commercial Building Construction Industry?

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. Part or all of the construction process may be outsourced.

Industry Products
OfficesEducational buildingsHealth-related buildingsRetail buildingsEntertainment and recreation buildingsIndustrial buildingsOther non-residential buildings
 
Industry Activities
Constructing industrial buildings Constructing institutional buildings Constructing, office and other commercial buildingsConstructing recreation and entertainment facilitiesConstructing educational and health related facilitiesAssembling and erecting prefabricated non-residential buildings


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