Industry Analysis & Industry Trends
The Commercial Building Construction industry has endured a sustained decline over the past five years, as its primary markets plummeted into a recession brought on by the financial crisis and took industry operators down with them. Private investment in commercial and industrial premises has 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, notably schools and hospitals. Over the five years through 2013-14, industry revenue is expected to decline at a compound annual rate of 5.6% to £15.6 billion... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry has a low concentration of ownership, with the four largest contractors generating about 20.1% of annual industry revenue. However, relatively few firms are capable of constructing large-scale landmark projects such as sporting stadiums and multistorey office complexes. Nonetheless, since work on these projects tends to have a disproportionate effect on general market trends, a few large firms exercise some degree of influence even though market concentration is low.
The bulk of industry establishments (92.5%) employ fewer than 10 people, and only 0.5% of businesses employ more than 100. Two-thirds of contracting firms generate annual revenue of less than £250,000, and just 2.3% have annual revenue of more than £5 million... purchase to read more