Key Trends and Opportunities in the UK Construction Market Through 2025 – ResearchAndMarkets.com

DUBLIN – (BUSINESS WIRE) – The UK Construction – Key Trends and Opportunities to 2025 (Q3 2021) report has been added. ResearchAndMarkets.com to offer.

The UK construction industry saw a better than expected recovery in the first half of 2021, with data from the Office for National Statistics (ONS) showing the construction industry grew 20.4% year over year (YoY) in the first half of 2021. This was due to strong growth of 53.3% in the second quarter, mainly due to base effects after the sharp decline (from 36.2% yoy) over the corresponding period in 2020 when most of the country’s economy, including the construction sites, was affected by the lockdown measures. The publisher expects the industry to continue to recover in the remainder of 2021, growing by 13.5% – up from the previous forecast of 10.6%, aided by the resumption of major infrastructure and residential construction projects. However, the surge in material demand amid global supply chain disruptions has resulted in a shortage of key materials and a sharp rise in prices, which has a major impact on the delivery of projects in all sectors.

For the remainder of the forecast period, the industry is expected to see an average annual growth of 4.1% between 2022 and 2025. Industry manufacturing is supported by improved investor confidence and investments in transport, renewable energy and housing projects. Commercial construction will also recover steadily; In January 2021, Chancellor Rishi Sunak announced a £ 4.6 billion ($ 5.5 billion) spending package that will allow retail, hospitality and leisure businesses to apply for grants if they are affected by the lockdown measures.

In September 2021, the UK government released its National Infrastructure and Construction Pipeline, which includes investments in infrastructure projects worth £ 548.3 billion (US $ 762 billion) over the next 10 years. Most of the investment plan is for the transport sector, which includes flagship projects such as HS2 and the Lower Thames Crossing road tunnel. The energy and utilities sector will receive the second largest portion of the investment package at £ 50.4 billion (US $ 70 billion) between 2021 and 2025 and includes major projects such as the Hinkley Point C nuclear power plant. The project pipeline is also expected to support 425,000 jobs between 2021 and 2025 .

The report offers in-depth market analysis, information and insights into the UK construction industry including:

  • UK construction industry growth prospects by market, project type and construction activity

  • Critical insight into the impact of industry trends and problems, as well as an analysis of the key risks and opportunities in the UK construction industry

  • Analysis of the mega-project pipeline with a focus on development stages and participants as well as listing of major projects in the pipeline.

This report provides a comprehensive analysis of the UK construction industry. It offers:

  • Historical (2016-2020) and forecast (2021-2025) assessments of the UK construction industry with details of key growth drivers.

  • Segmentation by sector (trade, industry, infrastructure, energy and utilities, institutional and residential) and by sub-sector

  • Analysis of the mega-project pipeline including a breakdown according to development stages across all sectors and forecast expenditure for projects in the existing pipeline.

  • Lists of major projects and details of leading contractors and consultants

Key topics covered:

1. Summary

2 Construction Industry: At a Glance

3 context

3.1 Economic performance

3.2 Political environment and politics

3.3 Demography

3.4 COVID-19 status

3.5 Risk Profile

4 building prospect

4.1 All constructions

4.2 Commercial building

4.3 Industrial construction

4.4 Infrastructure construction

4.5 Energy and utility construction

4.6 Institutional structure

4.7 Housing

5 key industry participants

6 hardware store data

Please visit https://www.researchandmarkets.com/r/jpsry8 for more information on this report

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