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Published: Aug, 2017 | Pages:
94 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)
Synopsis
In real terms, the UK's construction industry registered positive growth during the review period (2012-2016). Despite a slowdown in growth during 2016 due to the impact of the Brexit referendum, in which the UK voted to leave the European Union (EU), the industry registered a modest performance, supported by public sector investments in infrastructure and residential construction projects, coupled with improvements in industrial activity. Over the forecast period (2017-2021), the industry is expected to be supported by government efforts to promote economic growth over the forecast period, implementing a huge pipeline of construction projects until 2021. Despite these growth prospects, the unstable political scenario following the June 2017 general election is expected to hamper the effective implementation of the government's infrastructure plan. The industry's output value in real terms recorded a compound annual growth rate (CAGR) of 4.02% during the review period and is expected to post a CAGR of 2.67% over the forecast period.
Summary
Timetric's Construction in the UK - Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into the UK's construction industry, including: • The UK construction industry's growth prospects by market, project type and construction activity • Analysis of equipment, material and service costs for each project type in the UK • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the UK's construction industry • Profiles of the leading operators in the UK's construction industry
Scope
This report provides a comprehensive analysis of the construction industry in the UK. It provides: • Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in the UK using construction output and value-add methods • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services) • Analysis of key construction industry issues, including regulation, cost management, funding and pricing • Detailed profiles of the leading construction companies in the UK
Reasons To Buy
• Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight. • Assess business risks, including cost, regulatory and competitive pressures. • Evaluate competitive risk and success factors.
Key Hightlights
• In a bid to boost the post-Brexit economy, in January 2017 the government launched an industrial strategy under which it plans to develop various projects in key sectors such as manufacturing, infrastructure, energy and research. Under the strategy, the government announced plans to invest GBP556.0 million (US$713.4 million) to promote economic growth in Northern England. • According to the ONS, the seasonally adjusted average new orders volume index for housing rose by 5.2%, going from 75.7 in 2015 to 79.6 in 2016. This was preceded by an annual contraction of 4.3% in 2015. An increase in new housing construction activity could be attributed to the government's efforts to overcome the country's housing shortage. • With an aim to provide access to efficient internet connectivity to businesses and homes across the UK, in November 2016 the government announced plans to invest GBP1.0 billion (US$1.3 billion) to develop the broadband infrastructure until 2021. Under this initiative, the government will deploy full-fiber optic networks and future 5G communication networks in the country. • In March 2016, Manchester City Council granted approval for the renovation of Manchester airport. The project includes the expansion of Terminal 2, self-service check-in facilities and the construction of a security hall. The upgraded airport is expected to handle over 55.0 million passengers per annum by 2050 - up from 23.0 million in 2016. • Despite growth prospects, the UK construction industry is expected to face various challenges over the forecast period. On its formal exit from the EU, the UK would no longer be subject to EU funding in the coming years. Additionally, a weakened investor confidence after Brexit could also weigh on the inflow of investments into industrial, commercial and housing projects in the coming years, as investors would prefer to delay their investments until getting a clear picture of the country's future relationship with the EU.
Table of Contents
1 Executive Summary 2 Industry Outlook 2.1 Commercial Construction 2.2 Industrial Construction 2.3 Infrastructure Construction 2.4 Energy and Utilities Construction 2.5 Institutional Construction 2.6 Residential Construction 3 Key Issues and Developments 4 Market Data Analysis 4.1 Construction Output and Value Add 4.1.1 Construction output by project type 4.1.2 Construction output by cost type 4.1.3 Construction output by activity type 4.1.4 Construction value add by project type 4.2 Commercial Construction 4.2.1 Commercial construction output by project type 4.2.2 Commercial construction output by cost type 4.2.3 Commercial construction output by activity type 4.2.4 Commercial construction value add by project type 4.3 Industrial Construction 4.3.1 Industrial construction output by project type 4.3.2 Industrial construction output by cost type 4.3.3 Industrial construction output by activity type 4.3.4 Industrial construction value add by project type 4.4 Infrastructure Construction 4.4.1 Infrastructure construction output by project type 4.4.2 Infrastructure construction output by cost type 4.4.3 Infrastructure construction output by activity type 4.4.4 Infrastructure construction value add by project type 4.5 Energy and Utilities Construction 4.5.1 Energy and utilities construction output by project type 4.5.2 Energy and utilities construction output by cost type 4.5.3 Energy and utilities construction output by activity type 4.5.4 Energy and utilities construction value add by project type 4.6 Institutional Construction 4.6.1 Institutional construction output by project type 4.6.2 Institutional construction output by cost type 4.6.3 Institutional construction output by activity type 4.6.4 Institutional construction value add by project type 4.7 Residential Construction 4.7.1 Residential construction output by project type 4.7.2 Residential construction output by cost type 4.7.3 Residential construction output by activity type 4.7.4 Residential construction value add by project type 5 Company Profile: Balfour Beatty PLC 5.1 Balfour Beatty PLC - Company Overview 5.2 Balfour Beatty PLC - Main Services 5.3 Balfour Beatty PLC - History 5.4 Balfour Beatty PLC - Company Information 5.4.1 Balfour Beatty PLC - key competitors 5.4.2 Balfour Beatty PLC - key employees 6 Company Profile: Network Rail Ltd 6.1 Network Rail Ltd - Company Overview 6.2 Network Rail Ltd - Main Services 6.3 Network Rail Ltd - History 6.4 Network Rail Ltd - Company Information 6.4.1 Network Rail Ltd - key competitors 6.4.2 Network Rail Ltd - key employees 7 Company Profile: Kier Group PLC 7.1 Kier Group PLC - Company Overview 7.2 Kier Group PLC - Main Services 7.3 Kier Group PLC - History 7.4 Kier Group PLC - Company Information 7.4.1 Kier Group PLC - key competitors 7.4.2 Kier Group PLC - key employees 8 Company Profile: Barratt Developments PLC 8.1 Barratt Developments PLC - Company Overview 8.2 Barratt Developments PLC - Main Services 8.3 Barratt Developments PLC - History 8.4 Barratt Developments PLC - Company Information 8.4.1 Barratt Developments PLC - key competitors 8.4.2 Barratt Developments PLC - key employees 9 Company Profile: Taylor Wimpey PLC 9.1 Taylor Wimpey PLC - Company Overview 9.2 Taylor Wimpey PLC - Main Products and Services 9.3 Taylor Wimpey PLC - History 9.4 Taylor Wimpey PLC - Company Information 9.4.1 Taylor Wimpey PLC - key competitors 9.4.2 Taylor Wimpey PLC - key employees 10 Appendix 10.1 What is this Report About? 10.2 Definitions 10.3 Methodology 10.4 Contact Timetric 10.5 About Timetric 10.6 Timetric's Services 10.7 Disclaimer
List of TablesTable 1: UK Construction Output by Project Type (GBP Million), 2012-2016 Table 2: UK Construction Output by Project Type (GBP Million), 2016-2021 Table 3: UK Construction Output by Cost Type (GBP Million), 2012-2016 Table 4: UK Construction Output by Cost Type (GBP Million), 2016-2021 Table 5: UK Construction Output by Activity Type (GBP Million), 2012-2016 Table 6: UK Construction Output by Activity Type (GBP Million), 2016-2021 Table 7: UK Construction Value Add by Project Type (GBP Million), 2012-2016 Table 8: UK Construction Value Add by Project Type (GBP Million), 2016-2021 Table 9: UK Commercial Construction Output by Project Type (GBP Million), 2012-2016 Table 10: UK Commercial Construction Output by Project Type (GBP Million), 2016-2021 Table 11: UK Commercial Construction Output by Cost Type (GBP Million), 2012-2016 Table 12: UK Commercial Construction Output by Cost Type (GBP Million), 2016-2021 Table 13: UK Commercial Construction Output by Activity Type (GBP Million), 2012-2016 Table 14: UK Commercial Construction Output by Activity Type (GBP Million), 2016-2021 Table 15: UK Commercial Construction Value Add by Project Type (GBP Million), 2012-2016 Table 16: UK Commercial Construction Value Add by Project Type (GBP Million), 2016-2021 Table 17: UK Industrial Construction Output by Project Type (GBP Million), 2012-2016 Table 18: UK Industrial Construction Output by Project Type (GBP Million), 2016-2021 Table 19: UK Industrial Construction Output by Cost Type (GBP Million), 2012-2016 Table 20: UK Industrial Construction Output by Cost Type (GBP Million), 2016-2021 Table 21: UK Industrial Construction Output by Activity Type (GBP Million), 2012-2016 Table 22: UK Industrial Construction Output by Activity Type (GBP Million), 2016-2021 Table 23: UK Industrial Construction Value Add by Project Type (GBP Million), 2012-2016 Table 24: UK Industrial Construction Value Add by Project Type (GBP Million), 2016-2021 Table 25: UK Infrastructure Construction Output by Project Type (GBP Million), 2012-2016 Table 26: UK Infrastructure Construction Output by Project Type (GBP Million), 2016-2021 Table 27: UK Infrastructure Construction Output by Cost Type (GBP Million), 2012-2016 Table 28: UK Infrastructure Construction Output by Cost Type (GBP Million), 2016-2021 Table 29: UK Infrastructure Construction Output by Activity Type (GBP Million), 2012-2016 Table 30: UK Infrastructure Construction Output by Activity Type (GBP Million), 2016-2021 Table 31: UK Infrastructure Construction Value Add by Project Type (GBP Million), 2012-2016 Table 32: UK Infrastructure Construction Value Add by Project Type (GBP Million), 2016- 2021 Table 33: UK Energy and Utilities Construction Output by Project Type (GBP Million), 2012- 2016 Table 34: UK Energy and Utilities Construction Output by Project Type (GBP Million), 2016- 2021 Table 35: UK Energy and Utilities Construction Output by Cost Type (GBP Million), 2012-2016 Table 36: UK Energy and Utilities Construction Output by Cost Type (GBP Million), 2016-2021 Table 37: UK Energy and Utilities Construction Output by Activity Type (GBP Million), 2012- 2016 Table 38: UK Energy and Utilities Construction Output by Activity Type (GBP Million), 2016- 2021 Table 39: UK Energy and Utilities Construction Value Add by Project Type (GBP Million), 2012-2016 Table 40: UK Energy and Utilities Construction Value Add by Project Type (GBP Million), 2016-2021 Table 41: UK Institutional Construction Output by Project Type (GBP Million), 2012-2016 Table 42: UK Institutional Construction Output by Project Type (GBP Million), 2016-2021 Table 43: UK Institutional Construction Output by Cost Type (GBP Million), 2012-2016 Table 44: UK Institutional Construction Output by Cost Type (GBP Million), 2016-2021 Table 45: UK Institutional Construction Output by Activity Type (GBP Million), 2012-2016 Table 46: UK Institutional Construction Output by Activity Type (GBP Million), 2016-2021 Table 47: UK Institutional Construction Value Add by Project Type (GBP Million), 2012-2016 Table 48: UK Institutional Construction Value Add by Project Type (GBP Million), 2016-2021 Table 49: UK Residential Construction Output by Project Type (GBP Million), 2012-2016 Table 50: UK Residential Construction Output by Project Type (GBP Million), 2016-2021 Table 51: UK Residential Construction Output by Cost Type (GBP Million), 2012-2016 Table 52: UK Residential Construction Output by Cost Type (GBP Million), 2016-2021 Table 53: UK Residential Construction Output by Activity Type (GBP Million), 2012-2016 Table 54: UK Residential Construction Output by Activity Type (GBP Million), 2016-2021 Table 55: UK Residential Construction Value Add by Project Type (GBP Million), 2012-2016 Table 56: UK Residential Construction Value Add by Project Type (GBP Million), 2016-2021 Table 57: Balfour Beatty PLC, Key Facts Table 58: Balfour Beatty PLC, Main Services Table 59: Balfour Beatty PLC, History Table 60: Balfour Beatty PLC, Key Employees Table 61: Network Rail Ltd, Key Facts Table 62: Network Rail Ltd, Main Services Table 63: Network Rail Ltd, History Table 64: Network Rail Ltd, Key Employees Table 65: Kier Group PLC, Key Facts Table 66: Kier Group PLC, Main Services Table 67: Kier Group PLC, History Table 68: Kier Group PLC, Key Employees Table 69: Barratt Developments PLC, Key Facts Table 70: Barratt Developments PLC, Main Services Table 71: Barratt Developments PLC, History Table 72: Barratt Developments PLC, Key Employees Table 73: Taylor Wimpey PLC, Key Facts Table 74: Taylor Wimpey PLC, Main Products and Services Table 75: Taylor Wimpey PLC, History Table 76: Taylor Wimpey PLC, Key Employees Table 77: Timetric Construction Market Definitions
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