In 2023, the turnover for the construction of roads and railways in the UK stood at €12.83 billion. In 2024, this figure is forecasted to rise to €12.98 billion, indicating a year-on-year increase of 1.17%. For 2025, the turnover is projected to reach €13.15 billion, reflecting a growth of 1.31% over the previous year. By 2026, the turnover is expected to be €13.31 billion, registering an increase of 1.22% from 2025. Moving into 2027 and 2028, the forecasts project turnovers of €13.47 billion and €13.62 billion respectively, showing modest growth rates of 1.20% and 1.11%. Over the five-year period from 2023 to 2028, the Compound Annual Growth Rate (CAGR) is anticipated to be approximately 1.24%.
Future trends to watch:
- Technological advancements in construction methods which could enhance productivity and reduce costs.
- Government infrastructure spending policies and their potential impact on road and railway construction projects.
- Environmental regulations and the push for sustainable construction practices which may influence market dynamics.
- Economic conditions including Brexit-related impacts that could affect investment and project timelines in the sector.
