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