United Kingdom (UK) Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

Pages: 55 Published: June 22, 2023 Report Code: GDCN1164MR

Report Overview
Table of Contents
Tables
Figures
FAQ

UK Construction Market Report Overview

The UK construction market size was $470.4 billion in 2022. The market is projected to achieve an AAGR of more than 2% during 2024-2027. The construction industry in the UK is expected to shrink in real terms in 2023 and 2024, owing primarily to weakness in the residential sector. Rising interest rates and high construction costs will severely dampen investment in the residential sector this year.

UK Construction Market Outlook, 2022-2027

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The UK construction market research report provides detailed market analysis, information, and insights into the UK construction industry, including the growth prospects of the industry by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the UK construction industry. The report also provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Market Size (2022)	$470.4 billion
AAGR (2024-2027)	>2%
Forecast Period	2023-2027
Historical Period	2018-2022
Key Sectors	· Commercial Construction · Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction
Leading Contractors	· Balfour Beatty plc · Vinci SA · Actividades de Construccion y Servicios SA · Kier Group Plc · Royal Volker Wessels Stevin NV · Bouygues SA · Costain Group Plc · Skanska AB · Mace Group Ltd · Sir Robert McAlpine Ltd
Leading Consultants	· AECOM · WSP Global Inc · SNC-Lavalin Group Inc · Arup Group Ltd · Jacobs Engineering Group Inc · RPS Group Plc · Mott MacDonald Group Ltd · RSK Group · Grimshaw Architects · Tetra Tech Inc
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UK Construction Market Segmentation by Sectors

The key sectors in the UK construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. Residential construction was the leading sector in the UK construction market in 2022.

Commercial construction: The commercial construction sector is expected to remain fairly subdued in 2023, but there will be some growth in leisure and hospitality buildings owing to the recovery in the tourism sector.

Industrial construction: Output in the industrial sector will be supported by investment in the automobile manufacturing sector, in line with the government’s aim to boost the usage of electric vehicles.

Infrastructure construction: The pace of growth will slow in the infrastructure construction sector between 2024 and 2027, supported by investment in road, rail, port, and airport infrastructure projects.

Energy and utilities construction: Forecast-period growth in the energy and utilities sector will be supported by investments in renewable energy, water, sewage, and telecommunication infrastructure projects.

Institutional construction: The growth of the institutional construction sector will be supported by higher spending on the construction of education and healthcare buildings, coupled with investment in the research sector.

Residential construction: The residential sector is expected to recover steadily from 2025, supported by public investment in affordable housing projects.

UK Construction Market Analysis by Sectors, 2022 (%)

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UK Construction Market - Competitive Landscape

The leading contractors in the UK construction market are Balfour Beatty plc, Vinci SA, Actividades de Construccion y Servicios SA, Kier Group Plc, Royal Volker Wessels Stevin NV, Bouygues SA, Costain Group Plc, Skanska AB, Mace Group Ltd, and Sir Robert McAlpine Ltd, among others. Balfour Beatty plc led the market.

UK Construction Market by Contractors, 2022 (%)

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The leading consultants in the UK construction market are AECOM, WSP Global Inc, SNC-Lavalin Group Inc, Arup Group Ltd, Jacobs Engineering Group Inc, RPS Group Plc, Mott MacDonald Group Ltd, RSK Group, Grimshaw Architects, and Tetra Tech Inc, among others. AECOM led the market.

UK Construction Market by Consultants, 2022 (%)

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Segments Covered in the Report

UK Construction Sectors Outlook (Value, $ Billion, 2018-2027)

Commercial Construction
- Leisure and Hospitality Buildings
- Office Buildings
- Outdoor Leisure Facilities
- Retail Buildings
- Other Commercial Construction
Industrial Construction
- Chemical and Pharmaceutical Plants
- Manufacturing Plants
- Metal and Material Production and Processing plants
- Waste Processing Plants
Infrastructure Construction
- Rail Infrastructure
- Road Infrastructure
- Other Infrastructure Projects
Energy and Utilities Construction
- Electricity and Power
- Oil and Gas
- Telecommunications
- Sewage Infrastructure
- Water Infrastructure
Institutional Construction
- Educational Buildings
- Healthcare Buildings
- Institutional Buildings
- Research Facilities
- Religious Buildings
Residential Construction
- Single-Family Housing
- Multi-Family Housing

Scope

This report provides:

A comprehensive analysis of the construction industry in the UK.

Historical and forecast valuations of the construction industry in UK, featuring details of key growth drivers.

Segmentation by sector and by sub-sector.

Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.

Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.

Assess market growth potential at a micro-level with over 600 time-series data forecasts.

Understand the latest industry and market trends.

Formulate and validate strategy using GlobalData’s critical and actionable insight.

Assess business risks, including cost, regulatory and competitive pressures.

Evaluate competitive risk and success factors.

1. Executive Summary

2. Construction Industry: At-a-Glance

3. Context
- 3.1. Economic Performance
- 3.2. Political Environment and Policy
- 3.3. Demographics
- 3.4. Risk Profile

4. Construction Outlook
- 4.1. All Construction
  - 4.1.1. Outlook
  - 4.1.2. Latest news and developments
  - 4.1.3. Construction Projects Momentum Index
- 4.2. Commercial Construction
  - 4.2.1. Outlook
  - 4.2.2. Project analytics
  - 4.2.3. Latest news and developments
- 4.3. Industrial Construction
  - 4.3.1. Outlook
  - 4.3.2. Project analytics
  - 4.3.3. Latest news and developments
- 4.4. Infrastructure Construction
  - 4.4.1. Outlook
  - 4.4.2. Project analytics
  - 4.4.3. Latest news and developments
- 4.5. Energy and Utilities Construction
  - 4.5.1. Outlook
  - 4.5.2. Project analytics
  - 4.5.3. Latest news and developments
- 4.6. Institutional Construction
  - 4.6.1. Outlook
  - 4.6.2. Project analytics
  - 4.6.3. Latest news and developments
- 4.7. Residential Construction
  - 4.7.1. Outlook
  - 4.7.2. Project analytics
  - 4.7.3. Latest news and developments

5. Key Industry Participants
- 5.1. Contractors
- 5.2. Consultants

6. Construction Market Data

7. Appendix
- 7.1. What is this Report About?
- 7.2. Definitions
- 7.3. CRI Methodology

8. About GlobalData

9. Contact Us

List of Tables

Table 1: Construction Industry Key Data

Table 2: The UK, Key Economic Indicators

Table 3: The UK, Commercial Construction Output by Project Type (Real % Change), 2018-27

Table 4: The UK, Top Commercial Construction Projects by Value

Table 5: The UK, Industrial Construction Output by Project Type (Real % Change), 2018-27

Table 6: The UK, Top Industrial Construction Projects by Value

Table 7: The UK, Infrastructure Construction Output by Project Type (Real % Change), 2018-27

Table 8: The UK, Top Infrastructure Construction Projects by Value

Table 9: The UK, Energy and Utilities Construction Output by Project Type (Real % Change), 2018-27

Table 10: The UK, Top Energy and Utilities Construction Projects by Value

Table 11: The UK, Institutional Construction Output by Project Type (Real % Change), 2018-27

Table 12: The UK, Top Institutional Construction Projects by Value

Table 13: The UK, Residential Construction Output by Project Type (Real % Change), 2018-27

Table 14: The UK, Top Residential Construction Projects by Value

Table 15: The UK, Key Contractors

Table 16: The UK, Key Consultants

Table 17: The UK, Construction Output Value (Real, $ Million)

Table 18: The UK, Construction Output Value (Nominal, GBP Million)

Table 19: GlobalData Construction Market Definitions

Table 20: Risk Dimensions

Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Western Europe, Construction Output (Real % Change), 2021-27

Figure 2: The UK, Construction Output by Sector (Real % Change), 2021-23 and 2024-27

Figure 3: The UK, Risk Summary

Figure 4: The UK, Risk Regional Comparison

Figure 5: The UK, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018-27

Figure 6: The UK, Construction Output Value, by Sector (Real, $ Million), 2018-27

Figure 7: The UK, Construction Output, Chained volume measures, seasonally adjusted (GBP Million)

Figure 8: The UK, New Orders for Construction, GBP Million, Current Prices

Figure 9: The UK, Employment in the Construction Industry, In Thousands

Figure 10: The UK, Construction Material Price Index, 2015=100

Figure 11: The UK, Construction Output Price Index, 2015=100, % Change YoY

Figure 12: The UK, Construction Projects Momentum Index

Figure 13: Western Europe, Construction Projects Momentum Index

Figure 14: The UK, Commercial Construction Output by Project Type (Real, $ Million), 2018-27

Figure 15: The UK, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 16: The UK, Private Commercial Construction Output, Chained Volume Measures, Seasonally Adjusted 2019 Prices

Figure 17: The UK, Construction Orders for Office and Entertainment Buildings, In GBP Million, Current Price Non-Seasonally Adjusted

Figure 18: The UK, Accommodation and Food Services Value Add (GBP Million, Constant Prices), Seasonally Adjusted

Figure 19: The UK, Retail Sales Index, Seasonally Adjusted, 2019=100

Figure 20: The UK, Number of Overseas Visits to UK, In Thousands

Figure 21: The UK, Industrial Construction Output by Project Type (Real, $ Million), 2018-27

Figure 22: The UK, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 23: The UK, Manufacturing Value Add (GBP Million, Constant Prices), Seasonally Adjusted

Figure 24: The UK, Private Industrial Construction Output, Chained Volume Measures, Seasonally Unadjusted 2019 Prices

Figure 25: The UK, New Orders for Private Industrial Construction (GBP Million, Current Prices)

Figure 26: The UK, Export of Goods, Seasonally Adjusted, In GBP Million

Figure 27: The UK, Manufacturing Production Index, Seasonally Adjusted, 2019=100

Figure 28: The UK, Infrastructure Construction Output by Project Type (Real, $ Million), 2018-27

Figure 29: The UK, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 30: The UK, Construction Output for Rail, Road, and Harbour Construction, In GBP Million, Current Prices, Non-Seasonally Adjusted

Figure 31: The UK, Construction Orders for Rail, Road, and Harbour Construction, In GBP Million, Current Prices, Non-Seasonally Adjusted

Figure 32: The UK, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018-27

Figure 33: The UK, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 34: The UK, Construction Orders for Electricity Infrastructure, In GBP Million, Current Prices, Non-Seasonally Adjusted

Figure 35: The UK, Construction Orders for Electricity, Water, and Sewage Infrastructure, In GBP Million, Current Prices, Non-Seasonally Adjusted

Figure 36: The UK, Electricity Generated by Major Power Producers, In TWh

Figure 37: The UK, Electricity Consumption, In TWh

Figure 38: The UK, Institutional Construction Output by Project Type (Real, $ Million), 2018-27

Figure 39: The UK, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 40: The UK, Construction Orders for Private Schools and Universities and Health Buildings, In GBP Million, Current Prices, Non-Seasonally Adjusted

Figure 41: The UK, Residential Construction Output by Project Type (Real, $ Million), 2018-27

Figure 42: The UK, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 43: The UK, New Housing Construction Output, Chained Volume Measures, Seasonally Adjusted 2019 Prices

Figure 44: The UK, Orders for New Housing Construction, GBP Million, Current Prices, Non-Seasonally Adjusted

Figure 45: The UK, Real Estate Value Add (GBP Million, Constant Prices), Seasonally Adjusted

Figure 46: The UK, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 47: The UK, Headquarters of Key Consultants (% of Total Project Pipeline)

Frequently Asked Questions

The construction market size in the UK was $470.4 billion in 2022.

The construction market in the UK is projected to achieve an AAGR of more than 2% during 2024-2027.

Residential construction was the leading sector in the UK construction market in 2022.

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