Industry Analysis & Industry Trends
The past five years have been very inconsistent for concrete construction product manufacturers. If not for the spending on infrastructure centred on providing stadiums and facilities for the 2012 London Olympics and Cross Rail, it is estimated that the slight recovery experienced after the massive declines due to the credit crunch may never have eventuated, and the industry would have been stuck in ongoing freefall.
Over the five years through 2011-12, industry revenue is expected to contract 4.5% per annum to a value of $2.90 billion. The slight recovery experienced during 2008-09 and 2009-10 came off a very low base and was overshadowed by a decline of 15.7% in 2007-08 and an expected contraction of 9.7% in 2011-12, as government spending declines as many projects end... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is at a decline stage of its life cycle. The industry is expected to grow its share of the construction market, but the industry's contribution to the economy is not expected to exceed the pace of UK GDP growth. The industry will underperform the economy due to the devastating effect of the recession on the industry's downstream markets.
Technological developments in concrete products and construction led to concrete products capturing an increasing share of the total construction material market. Concrete products' popularity came at the detriment of traditional building products such as ceramics, steel and timber. The substitution trend is slowing as the concrete penetration into the construction market approaches saturation... purchase to read more