Summary
Construction in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Construction market includes both residential and non-residential construction. Market value refers to the total output value of construction activity in a specific year. Construction output value is defined as the total value of construction activity in any given period, including costs related to all materials, equipment, and services used.
- The UK construction industry recorded revenues of $535.3 billion in 2024, representing a compound annual growth rate (CAGR) of 4.4% between 2019 and 2024.
- The non-residential segment accounted for the industry's largest proportion in 2024, with total revenues of $296.3 billion, equivalent to 55.3% of the industry's overall value.
- In 2024, the UK construction industry recorded an annual growth of 4.7%. The growth is attributed to robust public infrastructure investment and ambitious housing targets. Projects such as HS2 and upgrades to the National Grid are supporting the industry’s growth.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in the United Kingdom
- Leading company profiles reveal details of key construction market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom construction market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the United Kingdom construction market by value in 2024?
- What will be the size of the United Kingdom construction market in 2029?
- What factors are affecting the strength of competition in the United Kingdom construction market?
- How has the market performed over the last five years?
- Who are the top competitors in the United Kingdom's construction market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players in the industry?
7.2. What are the strategies of the leading players?
7.3. What are the strengths of the leading players?
8 Company Profiles
8.1. Balfour Beatty Plc
8.2. Morgan Sindall Group Plc
8.3. Barratt Redrow Plc
8.4. Kier Group Plc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: United Kingdom construction industry value: $ million, 2019-24
Table 2: United Kingdom construction industry category segmentation: % share, by value, 2019-24
Table 3: United Kingdom construction industry category segmentation: $ million, 2019-24
Table 4: United Kingdom construction industry geography segmentation: $ million, 2024
Table 5: United Kingdom construction industry value forecast: $ million, 2024-29
Table 6: Balfour Beatty Plc: Key Facts
Table 7: Balfour Beatty Plc: Annual Financial Ratios
Table 8: Balfour Beatty Plc: Key Employees
Table 9: Morgan Sindall Group Plc: Key Facts
Table 10: Morgan Sindall Group Plc: Annual Financial Ratios
Table 11: Morgan Sindall Group Plc: Key Employees
Table 12: Barratt Redrow Plc: Key Facts
Table 13: Barratt Redrow Plc: Annual Financial Ratios
Table 14: Barratt Redrow Plc: Key Employees
Table 15: Kier Group Plc: Key Facts
Table 16: Kier Group Plc: Annual Financial Ratios
Table 17: Kier Group Plc: Key Employees
Table 18: United Kingdom Size of Population (Million), 2020-24
Table 19: United Kingdom Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 20: United Kingdom GDP (Current Prices, $ Billion), 2020-24
Table 21: United Kingdom Inflation, 2020-24
Table 22: United Kingdom Consumer Price Index (Absolute), 2020-24
Table 23: United Kingdom Exchange Rate, 2019-24
List of Figures
Figure 1: United Kingdom construction industry value: $ million, 2019-24
Figure 2: United Kingdom construction industry category segmentation: $ million, 2019-24
Figure 3: United Kingdom construction industry geography segmentation: % share, by value, 2024
Figure 4: United Kingdom construction industry value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the construction industry in the United Kingdom, 2024
Figure 6: Drivers of buyer power in the construction industry in the United Kingdom, 2024
Figure 7: Drivers of supplier power in the construction industry in the United Kingdom, 2024
Figure 8: Factors influencing the likelihood of new entrants in the construction industry in the United Kingdom, 2024
Figure 9: Factors influencing the threat of substitutes in the construction industry in the United Kingdom, 2024
Figure 10: Drivers of degree of rivalry in the construction industry in the United Kingdom, 2024
