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UK Construction Market Trends

Report ID: GMI6308
Published Date: Jul 2023
Report Format: PDF

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UK Construction Business Trends

Technological innovations & advancements are driving the UK construction market by revolutionizing traditional practices and enhancing overall efficiency. Building Information Modeling (BIM), drones, 3D printing, and the Internet of Things (IoT) applications have improved project planning, visualization & communication. Automation and robotics have further increased productivity and safety on construction sites. Smart building technologies, such as energy management systems & IoT sensors, enhance sustainability and optimize building performance. These innovations attract investments, improve project outcomes, and position the UK construction industry as a dynamic player, thereby adapting to the demands of a rapidly evolving market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for construction in U.K. reached USD 239.46 billion in 2022 and will witness more than 3.5% CAGR from 2023 to 2032, driven by the rising focus on energy efficiency, sustainability, and technological integration in building projects.

The residential construction industry held over 15% of the overall revenue share in U in 2022 and will exceed USD 70 billion in 2032 owing to the increasing demand for housing along with rapid population growth and urbanization.

The private end use segment recorded 74.2% share of the U.K. construction market in 2022 due to the growing emphasis on sustainability in its construction projects.

Balfour Beatty plc, Ferrovial S.A., Acciona, S.A, Interserve Group Limited, Costain Group PLC, Taylor Wimpey Plc, Crest Nicholson Holdings PLC, and Berkeley Group Holdings PLC. are some of the major key industry players.