Forecast: Production in Building Completion and Finishing Sector in the UK

Analyzing the past decade, the Building Completion and Finishing sector in the UK has shown a mix of growth and volatility. Starting at 22.84 billion pounds in 2013, production value steadily increased with some fluctuations, peaking at 38.48 billion pounds in 2023. Between 2013 and 2023, the sector experienced significant year-on-year growths, particularly in 2015 (11.08%) and 2019 (14.26%), except notable dips in 2016 (-2.83%) and 2020 (-17.84%). The Compound Annual Growth Rate (CAGR) over the past 5 years has been 4.06%, reflecting consistent, moderate growth.

From 2024 onwards, the forecast indicates that the sector will continue its growth trajectory, albeit at a slower pace with a forecasted 5-year CAGR of 1.84% leading to 43.26 billion pounds in 2028.

Future trends to watch:

• Potential impact of economic policies and inflation rates on production costs and pricing.
• Adoption of sustainable and innovative building techniques that could drive efficiency.
• Influence of Brexit outcomes and international trade agreements on material supply chains.
• Role of technology and digital transformation in improving project completion times and quality.