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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 | Sep 2014

Building upwards: Higher consumer spending is providing a strong foundation for growth

IBISWorld’s Commercial Building Construction market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Balfour Beatty Group Limited Balfour Beatty Group Limited market share
Kier Construction Limited Kier Construction Limited market share
Industry Statistics & Market Size
Revenue
£17bn
Annual Growth 10-15
2.7%
Annual Growth 15-20
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Profit
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Employment
73,639
Businesses
10,756
Industry Analysis & Industry Trends

The Commercial Building Construction industry has endured a tumultuous period over the past five years because its primary markets plummeted and took industry operators down with them. 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 fiscal austerity measures involved cuts to funding for institutional buildings like schools and hospitals. Many companies went bust as business profit plummeted, retailers were hit by online competition and consumer spending fell. Various retailers, including supermarkets and department stores, scaled back their expansion plans, and lack of demand for offices caused property developers to halt investment too... purchase to read more

Industry Report - Industry Analysis Chapter

Commercial building contractors have been among those most severely affected by the economic downturn kick-started by the 2008 financial crisis. Conditions in downstream markets have been bleak and many declined sharply. Private investment in commercial building markets dropped because a high rate of vacancies deterred property developers from investing. In addition to this, a slowdown in manufacturing affected the industrial market. The industry was temporarily boosted by a number of factors over 2011-12. For example, PFIs in the education market spurred the rebuilding of up to 300 schools and a momentary increase in business confidence helped to raise demand in the office segment. However, demand dipped again in the two subsequent years as consumer confidence floundered... 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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