The turnover of Building Completion and Finishing in the UK shows considerable fluctuation from 2013 to 2023, peaking at 40.35 billion Euros in 2015 before falling significantly in 2016. A gradual but variable recovery follows, with a notable decline in 2020 likely due to the Covid-19 pandemic. Post-2020, the industry shows signs of resilience with consecutive growth, reaching 39.47 billion Euros in 2023.
Year-on-year variations reveal the highest growth in 2015 (27.17%) and the most significant drop in 2020 (-15.7%). The five-year CAGR trends signal a shift from robust growth earlier to more moderate rates recently, closing at 1.25% in 2023.
Looking ahead, forecast data predicts a steady, albeit slow, growth with a five-year CAGR of 1.1%, expecting turnover to reach 42.32 billion Euros by 2028.
Future trends to watch for:
• Impact of post-Brexit trade agreements on material costs and availability.
• Adoption of sustainable building practices affecting project costs and timelines.
• Influence of economic policies on construction investment and market stability.
