Construction in the UK - Key Trends and Opportunities to 2018

Published: Apr, 2014 | Pages: 87 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This 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 

Summary
The UK construction industry showed signs of recovery towards the end of 2013. The industry underwent a difficult period during much of 2012, revealing how fragile the recovery actually was. However, in 2013, production increased by 1.3%, and was up by 4.3% annually in the fourth quarter of the year. This growth was supported by government investments in infrastructure and affordable housing schemes. The industry is expected to record a forecast-period (2014-2018) compound annual growth rate (CAGR) of 4.20%. 
Scope
This report provides a comprehensive analysis of the construction industry in the UK. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in the UK using construction output and value-add methods
Segmentation by market (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in the UK 
Reason To Buy
 Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors  
Key Highlights
 Infrastructure investment remains a key strategy to supporting economic growth. In the 2014 budget, the government announced plans for a new garden city, with 15,000 homes for Ebbsfleet in Kent. In the 2013 budget, the government announced various measures to support infrastructure construction.
Economic improvements and a declining unemployment rate are expected to support demand in the residential construction market. To increase the affordability of housing and support residential construction, the government announced the creation of a 'Help to Buy Scheme' (HTBS) in its 2013 budget. The first component of this scheme, which launched in April 2013, was the 'Help to Buy: equity loan', where the purchasers of newly-built homes would be granted interest-free government loans of up to 20%.
In a bid to support the economy and create jobs, the UK government launched the National Infrastructure Plan (NIP) in 2010. The plan was subsequently updated in 2011, 2012 and 2013, and outlines a pipeline of 646 infrastructure projects to be implemented across the country. An estimated investment of GBP377.0 billion (US$585.7 billion) will be needed to implement the NIP.
The residential construction market will be supported by government-led affordable housing projects. In January 2014, the UK government announced its plan to construct 165,000 affordable houses across the country by 2018. An estimated investment of GBP23.0 billion (US$36.2 billion) will be needed to implement the plan. The plan also aims to attract private investment to finance the project.
Due to the increasing demand for air travel from both domestic and international passengers, several new airport concessions are being considered by the government. Accordingly, in a bid to reduce air traffic congestion and enhance the airport's passenger handling capacity, a GBP4.0 billion (US$6.3 billion) expansion project was completed at London Heathrow airport in 2012. Moreover, Birmingham International Airport Ltd (BIAL), in collaboration with the UK Airports Commission, is planning to undertake a major expansion.

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: Balfour Beatty plc
8.1 Balfour Beatty Plc - Company Overview
8.2 Balfour Beatty Plc - Business Description
8.3 Balfour Beatty Plc - Main Services
8.4 Balfour Beatty Plc - History
8.5 Balfour Beatty Plc - Company Information
8.5.1 Balfour Beatty Plc - key competitors
8.5.2 Balfour Beatty Plc - key employees
9 Company Profile: Network Rail Ltd
9.1 Network Rail Ltd - Company Overview
9.2 Network Rail Ltd - Business Description
9.3 Network Rail Ltd - Main Services
9.4 Network Rail Ltd - History
9.5 Network Rail Ltd - Company Information
9.5.1 Network Rail Ltd - key competitors
9.5.2 Network Rail Ltd - key employees
10 Company Profile: AMEC plc
10.1 AMEC Plc - Company Overview
10.2 AMEC Plc - Business Description
10.3 AMEC Plc - Main Services
10.4 AMEC Plc - History
10.5 AMEC Plc - Company Information
10.5.1 AMEC Plc - key competitors
10.5.2 AMEC Plc - key employees
11 Company Profile: Subsea 7 SA
11.1 Subsea 7 SA - Company Overview
11.2 Subsea 7 SA - Business Description
11.3 Subsea 7 SA - Main Services
11.4 Subsea 7 SA - History
11.5 Subsea 7 SA - Company Information
11.5.1 Subsea 7 SA - key competitors
11.5.2 Subsea 7 SA - key employees
12 Company Profile: Laing O'Rourke plc
12.1 Laing O'Rourke Plc - Company Overview
12.2 Laing O'Rourke Plc - Business Description
12.3 Laing O'Rourke Plc - Main Products and Services
12.4 Laing O'Rourke Plc - History
12.5 Laing O'Rourke Plc - Company Information
12.5.1 Laing O'Rourke Plc - key competitors
12.5.2 Laing O'Rourke Plc - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is This Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - JPM ? Cary Wharf Riverside South Development ? Greater London
Table 3: Commercial Construction Project 2 - GOOG - Kings Cross Headquarters Building - London
Table 4: Commercial Construction Project 3 - Waitrose - New Retail Stores Development - UK
Table 5: Industrial Construction Project 1 - Diageo - Speyside Malt Whisky Distillery and Warehousing Facility - Scotland
Table 6: Industrial Construction Project 2 - BML - Crewe Car Plant Renovation - Cheshire
Table 7: Industrial Construction Project 3 - BDR - Shanks Mechanical Biological Treatment Facility - Yorkshire
Table 8: Infrastructure Construction Project 1 - HS2 - High Speed 2 Rail Line - UK
Table 9: Infrastructure Construction Project 2 - CRL - Crossrail Line Development - London
Table 10: Infrastructure Construction Project 3 - CLR - Crossrail Line II - London
Table 11: Institutiol Construction Project 1 - BARTS - St Bart's and The Royal London Hospitals Redevelopment - London
Table 12: Institutiol Construction Project 2 - UoM - University of Manchester Campus Development - UK
Table 13: Institutiol Construction Project 3 - NHSGGC - New South Glasgow Hospital Campus - Scotland
Table 14: Residential Construction Project 1 - ODA - Stratford Olympic Village - London
Table 15: Residential Construction Project 2 - RCL - Cary Wharf The Herstmere Residential Tower - London
Table 16: Residential Construction Project 3 - GHA - Grahame Park Redevelopment - London
Table 17: Balfour Beatty Plc, Key Facts
Table 18: Balfour Beatty Plc, Main Services
Table 19: Balfour Beatty Plc, History
Table 20: Balfour Beatty Plc, Key Employees
Table 21: Network Rail Ltd, Key Facts
Table 22: Network Rail Ltd, Main Services
Table 23: Network Rail Ltd, History
Table 24: Network Rail Ltd, Key Employees
Table 25: AMEC Plc, Key Facts
Table 26: AMEC Plc, Main Services
Table 27: AMEC Plc, History
Table 28: AMEC Plc, Key Employees
Table 29: Subsea 7 SA, Key Facts
Table 30: Subsea 7 SA, Main Services
Table 31: Subsea 7 SA, History
Table 32: Subsea 7 SA, Key Employees
Table 33: Laing O'Rourke Plc, Key Facts
Table 34: Laing O'Rourke Plc, Main Products and Services
Table 35: Laing O'Rourke Plc, History
Table 36: Laing O'Rourke Plc, Key Employees
Table 37: UK Construction Output by Project Type (GBP Million), 2009-2013
Table 38: UK Construction Output by Project Type (GBP Million), 2013-2018
Table 39: UK Construction Output by Cost Type (GBP Million), 2009-2013
Table 40: UK Construction Output by Cost Type (GBP Million), 2013-2018
Table 41: UK Construction Output by Activity Type (GBP Million), 2009-2013
Table 42: UK Construction Output by Activity Type (GBP Million), 2013-2018
Table 43: UK Construction Value Add by Project Type (GBP Million), 2009-2013
Table 44: UK Construction Value Add by Project Type (GBP Million), 2013-2018
Table 45: UK Commercial Construction Output by Project Type (GBP Million), 2009-2013
Table 46: UK Commercial Construction Output by Project Type (GBP Million), 2013-2018
Table 47: UK Commercial Construction Output by Cost Type (GBP Million), 2009-2013
Table 48: UK Commercial Construction Output by Cost Type (GBP Million), 2013-2018
Table 49: UK Commercial Construction Output by Activity Type (GBP Million), 2009-2013
Table 50: UK Commercial Construction Output by Activity Type (GBP Million), 2013-2018
Table 51: UK Commercial Construction Value Add by Project Type (GBP Million), 2009-2013
Table 52: UK Commercial Construction Value Add by Project Type (GBP Million), 2013-2018
Table 53: UK Industrial Construction Output by Project Type (GBP Million), 2009-2013
Table 54: UK Industrial Construction Output by Project Type (GBP Million), 2013-2018
Table 55: UK Industrial Construction Output by Cost Type (GBP Million), 2009-2013
Table 56: UK Industrial Construction Output by Cost Type (GBP Million), 2013-2018
Table 57: UK Industrial Construction Output by Activity Type (GBP Million), 2009-2013
Table 58: UK Industrial Construction Output by Activity Type (GBP Million), 2013-2018
Table 59: UK Industrial Construction Value Add by Project Type (GBP Million), 2009-2013
Table 60: UK Industrial Construction Value Add by Project Type (GBP Million), 2013-2018
Table 61: UK Infrastructure Construction Output by Project Type (GBP Million), 2009-2013
Table 62: UK Infrastructure Construction Output by Project Type (GBP Million), 2013-2018
Table 63: UK Infrastructure Construction Output by Cost Type (GBP Million), 2009-2013
Table 64: UK Infrastructure Construction Output by Cost Type (GBP Million), 2013-2018
Table 65: UK Infrastructure Construction Output by Activity Type (GBP Million), 2009-2013
Table 66: UK Infrastructure Construction Output by Activity Type (GBP Million), 2013-2018
Table 67: UK Infrastructure Construction Value Add by Project Type (GBP Million), 2009-2013
Table 68: UK Infrastructure Construction Value Add by Project Type (GBP Million), 2013-2018
Table 69: UK Institutiol Construction Output by Project Type (GBP Million), 2009-2013
Table 70: UK Institutiol Construction Output by Project Type (GBP Million), 2013-2018
Table 71: UK Institutiol Construction Output by Cost Type (GBP Million), 2009-2013
Table 72: UK Institutiol Construction Output by Cost Type (GBP Million), 2013-2018
Table 73: UK Institutiol Construction Output by Activity Type (GBP Million), 2009-2013
Table 74: UK Institutiol Construction Output by Activity Type (GBP Million), 2013-2018
Table 75: UK Institutiol Construction Value Add by Project Type (GBP Million), 2009-2013
Table 76: UK Institutiol Construction Value Add by Project Type (GBP Million), 2013-2018
Table 77: UK Residential Construction Output by Project Type (GBP Million), 2009-2013
Table 78: UK Residential Construction Output by Project Type (GBP Million), 2013-2018
Table 79: UK Residential Construction Output by Cost Type (GBP Million), 2009-2013
Table 80: UK Residential Construction Output by Cost Type (GBP Million), 2013-2018
Table 81: UK Residential Construction Output by Activity Type (GBP Million), 2009-2013
Table 82: UK Residential Construction Output by Activity Type (GBP Million), 2013-2018
Table 83: UK Residential Construction Value Add by Project Type (GBP Million), 2009-2013
Table 84: UK Residential Construction Value Add by Project Type (GBP Million), 2013-2018
Table 85: Timetric Construction Market Definitions