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