In 2023, the UK construction sector reached a turnover of 110.60 billion Euros, providing a baseline for future forecasts. From 2024 to 2028, the turnover for the construction of residential and non-residential buildings is projected to grow steadily from 112.17 to 118.43 billion Euros, showing consistent year-on-year growth.
The year-on-year growth rates are as follows: 1.45% from 2024 to 2025, 1.39% from 2025 to 2026, 1.34% from 2026 to 2027, and 1.30% from 2027 to 2028. The compound annual growth rate (CAGR) for the period is approximately 1.36% per annum.
Future trends to watch for include potential impacts from government policies, economic shifts due to Brexit, and sustainability-driven construction demands. Market dynamics such as labor availability, material costs, and technological advancements in building practices may also influence sector growth.
