The UK construction industry is expected to perform relatively strongly over the forecast period (2015–2019), expanding at an average annual rate of 4.19% in real terms. This marks a clear improvement from the average annual expansion of 0.45% recorded during the review period (2010–2014). Construction activities in the public sector have been impacted severely due to the implementation of austerity measures since 2011. However, industry growth is expected to pick up over the forecast period, in part owing to investments under the National Infrastructure Plan 2014. Moreover, after months of fretting over the potential for a messy coalition and ensuing policy paralysis, the UK’s construction industry is now looking forward to a period of policy continuity following the Conservative Party’s success in the general election in May 2015.
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Summary
Market Research Store’s Construction in the UK – Key Trends and Opportunities to 2019 report provides detailed market analysis, information and insights into the UK construction industry including:
• The UK construction industry's growth prospects by market, project type and type of construction activity
• Analysis of equipment, material and service costs across each project type within the UK
• Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the UK construction industry
• Analyzing the profiles of the leading operators in the UK construction industry.
• Data highlights of the largest construction projects in the UK
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Scope
This report provides a comprehensive analysis of the construction industry in the UK. It provides:
• Historical (2010-2014) and forecast (2015-2019)...