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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

United Kingdom Construction Market Outlook

The United Kingdom construction market size reached approximately USD 363.03 billion in 2023. The market is further projected to grow at a CAGR of 2.9% between 2024 and 2032, reaching a value of USD 469.55 billion by 2032.

United Kingdom Construction Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 363.03
Market Size 2032 USD Billion 469.55
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 2.9%
CAGR 2024-2032 - Market by Region Scotland 4.0%
CAGR 2024-2032 - Market by Region Northern Ireland 3.3%
CAGR 2024-2032 - Market by Construction Type New Construction 4.0%
CAGR 2024-2032 - Market by End Use Commercial 4.0%
Market Share by Region England 86.3%

Key Trends in the Market

Construction refers to the process involving the assembly of structures to create an infrastructure. Construction not only involves building but also altering, repairing, demolishing, remodelling, and improving of an infrastructure. It is vital for optimum functioning of society as it boosts connectivity and creates spaces and buildings that strengthen communities.

  • Growing urbanisation and rising disposable income are boosting the development of commercial and residential sectors, among others. The government of the United Kingdom is investing heavily in the infrastructural development projects intended for road and rail airports upgradation, among others, boosting the United Kingdom construction market demand.
  • Rising popularity of renovating and remodelling homes and business establishment is another major trend supporting the market expansion. Several homeowners and entrepreneurs are seeking modern features and amenities and remodelling allows them to add these contemporary elements such as energy-efficient appliances, among other products in their new spaces.
  • The government of the United Kingdom has introduced smart city projects and are taking step towards enhancing the quality of life for their residents. They are increasingly focussing on building robust digital infrastructure with high-speed internet connectivity and are prioritising sustainable and efficient transportation solutions, supporting the United Kingdom construction market growth.
  • Increasing concerns for sustainability have encouraged the adoption of green building initiatives and sustainable practices including utilisation of economically friendly construction methods, development of energy efficient buildings, and use of renewable materials. The key market player are developing energy-efficient windows and solar panels which reduce carbon footprint as well as utility costs.
CAGR 2024-2032 - Market by Region
Scotland 4.0%
Northern Ireland 3.3%
England XX%
Wales XX%

United Kingdom Construction Market Analysis

Based on end use, the market is segmented into commercial, residential, education and research, and medical and healthcare, among others.

CAGR 2024-2032 - Market by Construction Type
New Construction 4.0%
Renovation XX%

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United Kingdom construction market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

  • Kier Group plc
  • Balfour Beatty Plc
  • Morgan Sindall Group
  • Laing O’Rourke
  • Willmott Dixon Holdings Limited
  • Galliford Try Holdings plc
  • BAM Nuttall Ltd.
  • Mace Group
  • ISG Ltd.
  • Skanska Group
  • Others

Market Share by End Use

Residential sector is anticipated to account for a significant United Kingdom construction market share owing to the rising demand for new homes and apartments, among other housing infrastructure due to increasing population and growing urbanisation. The rising shortage of residential buildings in urban areas is further supporting the market expansion.

CAGR 2024-2032 - Market by End Use
Commercial 4.0%
Institutional 3.3%
Residential XX%
Industrial XX%

Commercial sector is expected to witness rapid growth over the forecast period owing to the increasing expansion of various businesses, boosting the demand for establishment of corporate buildings, retail spaces, office spaces, and warehouses, among others. The booming tourism sector is also aiding the segment growth as it is boosting the requirement for hotels and restaurants, among others in the United Kingdom.

Market Share by Region
England 86.3%
Wales XX%
Scotland XX%
Northern Ireland XX%

Competitive Landscape

Kier Group plc was founded in 1928 and is headquartered in Manchester, United Kingdom. The construction company provides infrastructure services, construction, and property developments to its customers across the globe.

Balfour Beatty Plc is an infrastructure company that was founded in 1909 and is headquartered in London, United Kingdom. The company specialises in construction services, infrastructure investments, and support services, among others.

Morgan Sindall Group was established in 1977 and has its headquarters located in London, United Kingdom. The construction company provides design, refurbishment and maintenance services, and engineering consultancy for its customers around the globe.

Other United Kingdom construction market key players include Laing O’Rourke, Willmott Dixon Holdings Limited, Galliford Try Holdings plc, BAM Nuttall Ltd., Mace Group, ISG Ltd., and Skanska Group, among others.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • End Use
Breakup by End Use
  • Commercial
  • Residential
  • Education and Research
  • Medical and Healthcare
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Kier Group plc
  • Balfour Beatty Plc
  • Morgan Sindall Group
  • Laing O’Rourke
  • Willmott Dixon Holdings Limited
  • Galliford Try Holdings plc
  • BAM Nuttall Ltd.
  • Mace Group
  • ISG Ltd.
  • Skanska Group
  • Others

United Kingdom Construction Market Report Snapshots

United Kingdom Construction Market Size

United Kingdom Construction Market Share

United Kingdom Construction Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market reached a value of approximately USD 363.03 billion in 2023.

The market is projected to grow at a CAGR of 2.9% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 469.55 billion by 2032.

The major market drivers include growing urbanisation and increased emphasis on sustainability.

The key trends fuelling the growth of the market include rising investments in smart city projects, increasing disposable income, and growing investments towards the infrastructural development by the government.

Construction is the method that involves planning, designing, and execution to meet the needs of the infrastructure.

The various end uses of construction include commercial, residential, education and research, and medical and healthcare, among others.

The key players in the market are Kier Group plc, Balfour Beatty Plc, Morgan Sindall Group, Laing O’Rourke, Willmott Dixon Holdings Limited, Galliford Try Holdings plc, BAM Nuttall Ltd., Mace Group, ISG Ltd., and Skanska Group, among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124