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UK Construction Market by Construction Type (Residential construction, Commercial construction, Industrial construction, Infrastructure & heavy civil construction, Institutional construction, Mixed-use construction, Specialized construction, Renovation/Remodeling construction, Environmental construction), by End Use (Private sector, Public sector), by Contracting Type (General contracting, Design-build contracting, Construction management), by Scale (Mega project, Major project, Medium project, Small project), by UK Forecast 2025-2033
The size of the UK Construction Market was valued at USD 239.46 Billion in 2023 and is projected to reach USD 304.66 Billion by 2032, with an expected CAGR of 3.5% during the forecast period. The UK Construction Market includes a diverse array of tasks, such as residential, commercial, industrial, and infrastructure development. It is an essential sector in the UK economy, fueled by public and private funding in infrastructure initiatives, residential properties, and commercial real estate. The market is shaped by elements like urban development, increasing population, government regulations, and the need for sustainable and energy-efficient structures. Key factors consist of the continual demand for residential properties resulting from population increase, the construction of transportation systems like roads, railways, and airports, along with infrastructure initiatives focused on enhancing energy efficiency and tackling environmental issues. The market is witnessing considerable investment in the upgrading and modernization of current properties to align with contemporary standards, including sustainability objectives. Issues like workforce shortages, supply chain interruptions, and increasing material costs can affect market expansion. Nonetheless, advancements in construction technologies, including modular construction, off-site manufacturing, and sustainable building practices, are aiding in alleviating these challenges. The construction sector in the UK is anticipated to maintain its growth pattern, emphasizing sustainability and modernization of infrastructure in the years ahead.
The UK construction market exhibits high concentration, with a limited number of large players controlling a significant market share. Key characteristics include:
Several key trends are shaping the UK construction market, including:
Region: The London metropolitan area is expected to remain the dominant construction market in the UK, driven by ongoing infrastructure projects, high-rise developments, and commercial property demand.
Segment: Residential construction is projected to experience substantial growth, driven by a shortage of affordable housing and government initiatives supporting new homeownership.
This report provides comprehensive insights into the UK construction market, including:
The UK construction market has experienced steady growth in recent years, with a market size of £239.46 billion in 2023. The residential sector accounts for the largest share, followed by commercial and infrastructure segments.
London: Dominant market with major infrastructure projects, high-rise developments, and strong commercial property demand.
South East England: Significant growth in residential and commercial construction, driven by population growth and economic development.
North West England: Strong manufacturing and infrastructure projects, with demand for new housing and commercial space.
Scotland: Growing construction market with a focus on infrastructure, renewable energy, and social housing.
Wales: Smaller construction market with a focus on residential projects and infrastructure upgrades.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3.5% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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