The UK construction output is set to rise steadily from 2024 to 2028, with values increasing from £359.57 billion in 2024 to £388.19 billion in 2028. As of 2023, the industry value stood at £351.29 billion. Year-on-year growth is anticipated at approximately 2% each year. The compound annual growth rate (CAGR) over this period is projected at about 2.5%, indicating a consistent upward trend in the construction sector.
Future trends to watch for include:
- Impact of government infrastructure spending on growth rates.
- Potential effects of sustainability regulations in construction practices.
- Changes in market demand due to the housing sector's dynamics.
- Influence of technological advancements on productivity and cost efficiency.
Latest reports
US Construction Market Report- Q1 2025
The US construction market in Q1 2025 is characterized by both opportunities and challenges, influenced by economic conditions, trade policies, and technological advancements....
China Construction Market Report- Q1 2025
The first quarter of 2025 presents a dynamic period for the construction industry in China, characterized by significant advancements and emerging challenges. The...
Japan Construction Market Report- Q1 2025
In the first quarter of 2025, Japan's construction industry is experiencing significant transformations driven by sustainability, technological integration, and regulatory influences. The market...
Germany Construction Market Report- Q4 2024
In the fourth quarter of 2024, Germany's construction market experienced significant developments influenced by global investments, economic challenges, and strategic shifts. This period...
India Construction Market Report- Q1 2025
The first quarter of 2025 presents a dynamic landscape for the construction market in India, driven by robust activities across residential, commercial, and...
UK Construction Market Report- Q1 2025
The UK construction industry in Q1 2025 demonstrated resilience amidst various economic pressures. Despite challenges such as rising inflation, high interest rates, and...
France Construction Market Report- Q1 2025
The France construction market in Q1 2025 reflects a dynamic interplay of economic, regulatory, and technological factors reshaping the industry's landscape. As France...
Brazil Construction Market Report- Q1 2025
In the first quarter of 2025, the construction sector in Brazil is experiencing dynamic growth fueled by significant infrastructure investments, a shift toward...
Italy Construction Market Report- Q1 2025
The first quarter of 2025 presents a multifaceted landscape for Italy's construction market, influenced by a convergence of economic, regulatory, and technological factors....
South Korea Construction Market Report- Q1 2025
The South Korean construction market in Q1 2025 is navigating a complex landscape shaped by economic challenges, geopolitical tensions, and emerging technological trends....
