The output change of new private home construction in the United Kingdom (UK) is forecast to decrease significantly in 2024. In 2025, the output of private housing is expected to increase by nearly 11 percent, showing a strong recovery.

Forecast: Construction Output in the UK 2024 - 2028 Discover more data with ReportLinker!

This statistic illustrates the forecasted output change for new public home construction in the United Kingdom (UK) from 2021 to 2025. In 2021, annual average growth was expected to amount to 12 percent.

The UK construction market size was valued at GBP 398.68 million in 2025 and is projected to grow at a compound annual growth rate (CAGR) of 3.19% from 2025 to 2033. The growth of the market can be attributed to the increasing demand for residential, commercial, and infrastructure projects, as well as government initiatives to support the construction industry. Key drivers of the UK construction market include the rising population, increasing urbanization, and need for new infrastructure. The government's focus on infrastructure development, such as the High Speed 2 (HS2) project, is also expected to boost market growth. Additionally, the growing adoption of sustainable construction practices and the increasing use of technology in the industry are expected to drive market growth. The market is expected to be supported by the government's initiatives to increase investment in infrastructure and the construction of new homes. However, the market is also facing some challenges, such as rising costs of materials and labor, and the impact of Brexit. Recent developments include: December 2022: The Access Group has announced that it has successfully acquired Construction Industry Solutions (COINS), enhancing its capacity to offer international software and services to businesses engaged in the construction industry., March 2023: The Department of Transport, UK, has announced over £40 billion of capital investment in transport across the next two financial years, which will drive significant improvements to rail and roads across our country.. Key drivers for this market are: Transport Infrstructure Investment. Potential restraints include: Shortage of Skilled Labor. Notable trends are: Increase in GVA of construction Industry.

The UK Construction Market Forecast Report Covers Industry Trends and is Segmented by Sector (Commercial Construction, Residential Construction, Industrial Construction, Infrastructure Construction, and Energy and Utility Construction) and by Key Regions (England, Northern Ireland, Scotland, and Wales). The Report Offers Market Sizes and Forecasts in Value (USD Billion) for all the Above Segments.

The Residential Construction Market Report is Segmented by Type (Villas and Landed Houses and Condominiums and Apartments) and Key Cities (London, Birmingham, Glasgow, Liverpool, and the Rest of the UK). The Report Offers Market Size and Forecasts for UK Residential Construction Market in Value (USD) for all the Above Segments.

Forecast: Number of Enterprises in Construction Services in the UK 2024 - 2028 Discover more data with ReportLinker!

Forecast: Turnover of Construction Services in the UK 2022 - 2026 Discover more data with ReportLinker!

Forecast: Turnover in Specialized Construction Activities Sector in the UK 2024 - 2028 Discover more data with ReportLinker!

Forecast: Import of Construction Sands to the UK 2024 - 2028 Discover more data with ReportLinker!

The number of housing starts was forecast to increase by 22,000 units in 2025 in comparison to the previous year. After that, the number of new construction starts is predicted to grow significantly, reaching 244,000 new housing starts in 2029.

Electrical installation trades were estimated to be one of the occupations in the construction industry in the United Kingdom with most workers in 2023. Nevertheless, there were even more people employed as non-construction professionals and technical office-based staff.

Prior to the Coronavirus (COVID-19) outbreak, the UK construction industry had posted growth of 1.8% for 2019 in real terms. However, with disruptions caused by the COVID-19 outbreak and the subsequent lockdown measures, the industry was severely impacted in 2020. According to the Office for National Statistics (ONS), the UK construction industry contracted by 12.5% year on year (YoY) in the third quarter of 2020 (the latest data available at the time of writing), following Y-o-Y declines of 38.2% in Q2 and 4.0% in Q1 2020. Read More

Forecast: Non-Residential Construction Productivity Growth Rate in the UK 2022 - 2026 Discover more data with ReportLinker!

Construction Orders in the United Kingdom decreased 0.10 percent in December of 2024 over the same month in the previous year. This dataset provides - United Kingdom Construction Orders- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic illustrates the forecasted output change for industrial construction in the United Kingdom (UK) from 2021 to 2025. In 2021, output for the construction of industrial facilities was expected to amount to nine percent.

Forecast: Solid Fossil Fuels Final Consumption in Construction in the UK 2024 - 2028 Discover more data with ReportLinker!

This statistic illustrates the forecasted output change for commercial construction in the United Kingdom (UK) from 2021 to 2025. In 2021, output for the construction of commercial facilities was expected to increase by six percent. However, the year-on-year figures were expected to decrease again the following years.

This statistic illustrates the forecasted output growth for public non-housing construction in the United Kingdom (UK) from 2021 to 2025. In 2021, output for public facilities was expected to increase by nine percent. However, by 2025 did annual percentage is expected to go have gone down to almost no growth whatsoever.

This statistic illustrates the forecasted output growth for infrastructure construction in the United Kingdom (UK) from 2021 to 2025. In 20215, infrastructure output was expected to increase by 13 percent.