United Kingdom (UK) Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027

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Published: September 15, 2023 Report Code: GDCN1221MR-ST

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UK Construction Market Report Overview

The UK construction market size was $495.5 billion in 2022. The market is projected to achieve an AAGR of more than 2% during 2024-2027. The growth of the market will be supported by investments in transport, renewable energy, housing, industrial, and telecommunications infrastructure projects.

United Kingdom (UK) Construction Market Outlook, 2022-2027 ($ Billion)

United Kingdom (UK) Construction Market Outlook, 2022-2027 ($ Billion)

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The United Kingdom construction market research report provides detailed market analysis, information, and insights into the United Kingdom construction industry, including the industry’s growth prospects 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 United Kingdom’s construction industry. It also provides an analysis of the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report discusses the sectors in the construction market and provides an overview of each sector along with their driving factors.

Market Size (2022) $495.5 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
Key Contractors ·       Balfour Beatty Plc

·       Royal BAM Group NV

·       Laing O’Rourke Plc

·       Bouygues SA

·       Vinci SA
Key Consultants ·       Tetra Tech Inc

·       SNC-Lavalin Group Inc

·       AECOM

·       WSP Global Inc

·       Mott MacDonald Group Ltd
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United Kingdom Construction Market Segmentation by Sectors

Residential construction was the leading sector in the United Kingdom construction market in 2022.

The key sectors in the United Kingdom construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.

Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The growth of the sector over the forecast period will be supported by a rebound in tourism activities, coupled with investments in office, data center, and stadium projects. However, output in 2027 will still be below 2019 levels.

Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The growth of the 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 (EVs).

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The growth of the sector over the forecast period will be supported by investments in road, rail, port, and airport infrastructure projects.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The growth of the sector over the forecast period will be supported by investments in renewable energy, water, sewage, and telecommunication infrastructure projects.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Forecast-period growth in 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 project types in this sector include single-family housing and multi-family housing. The market growth will be supported by public investment in affordable housing projects.

United Kingdom Construction Market Analysis by Sectors, 2022 (%)

United Kingdom Construction Market Analysis by Sectors, 2022 (%)

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United Kingdom Construction Market - Competitive Landscape

United Kingdom Construction Market – Competitive Landscape

 Balfour Beatty Plc led the United Kingdom construction market in 2022.

Some of the leading contractors in the United Kingdom construction market are:

  • Balfour Beatty Plc
  • Royal BAM Group NV
  • Laing O’Rourke Plc
  • Bouygues SA
  • Vinci SA

Domestic contractors account for a majority share of the project pipeline in the United Kingdom construction market.

United Kingdom Construction Market Analysis by Contractors, 2022 (%)

United Kingdom Construction Market Analysis by Contractors, 2022 (%)

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Some of the leading consultants in the United Kingdom construction market are:

  • Tetra Tech Inc
  • SNC-Lavalin Group Inc
  • AECOM
  • WSP Global Inc
  • Mott MacDonald Group Ltd

Tetra Tech Inc. led the market in 2022. Consultants with headquarters within the United Kingdom are involved in most of the project pipeline by value.

United Kingdom Construction Market Analysis by Consultants, 2022 (%)

United Kingdom Construction Market Analysis by Consultants, 2022 (%)

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United Kingdom Construction Market – Latest Developments

  • In early September 2023, the UK government provided funding of more than $280 million to support 95 clean energy projects, such as tidal, solar, and onshore wind.
  • To support the country’s long-term net zero target by 2050, in July 2023, a new government body “Great British Nuclear (GBN)” was launched; the government body will accelerate nuclear power development in the UK and meet the country’s target of providing 25% of the UK’s electricity from homegrown nuclear energy by 2050.

Segments Covered in the Report

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

  • Commercial Construction
  • Industrial Construction
  • Infrastructure Construction
  • Energy and Utilities Construction
  • Institutional Construction
  • Residential Construction

Scope

This report provides:

  • A comprehensive analysis of the construction industry in the United Kingdom.

  • Historical and forecast valuations of the construction industry in the United Kingdom, 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.

Table of Contents

  • 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

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