Industry Analysis & Industry Trends
The Commercial Building Construction industry has performed well in recent years, after weak economic conditions weighed on private investment in commercial and industrial premises into the start of the five-year period through 2016-17. However, landmark office developments, rising demand for office space and renewed spending on public health and educational facilities have supported a resurgence in industry activity and consistent expansion in industry revenue since 2013-14.
The expansion of the economy over the past five years has supported rising capital expenditure, which has led to overall revenue growth. Nevertheless, revenue did dip significantly in 2012-13, which was indicative of a lingering degree of uncertainty in the economy... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry has a low concentration of ownership, since the four largest contractors are estimated to generate just 18.5% industry revenue in 2016-17. Relatively few firms are capable of constructing large-scale landmark projects such as stadiums and multistorey office complexes. Since work on these projects tends to have a disproportionate effect on industry revenue, a few large firms exercise some degree of influence, despite the fact that market concentration is low. The leading players are multi-establishment companies with locations across the United Kingdom and, occasionally, in foreign markets. However, over 90% of industry operators are estimated to have fewer than 10 employees and only a small percentage have annual revenue of more than £5 million... purchase to read more