The number of enterprises in the UK building completion and finishing sector was approximately 86.8 thousand in 2023. For the upcoming years, the forecast indicates a steady increase from 87.9 thousand in 2024 to 92.08 thousand by 2028. On a year-on-year basis, this translates to a percentage growth of around 1.23% from 2024 to 2025, 1.18% from 2025 to 2026, and 1.14% from 2026 to 2027. The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is approximately 1.20%.
Future trends to watch:
- Technological advancements in building processes which may influence the number of new enterprises entering this sector.
- Government policies affecting construction regulations and funding which might impact growth.
- Economic conditions influencing demand in the housing and construction markets.
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