The forecasted number of enterprises in the construction of residential and non-residential buildings in the UK shows a consistent growth from 2024 to 2028. In 2023, there were approximately 67.2 thousand enterprises. The anticipated figures for 2024 is 68.36 thousand, steadily rising each year to reach 72.99 thousand by 2028. Year-on-year variations show a modest but stable increase, with the compound annual growth rate (CAGR) for this period indicating an average growth rate of around 2% per year over the five-year span.
Future trends to watch for include potential impacts of regulatory changes on construction practices, the influence of sustainability trends, as well as economic factors like Brexit-related outcomes and housing demand. The adoption of new technologies and building methods could also reshape the enterprise landscape in the coming years.
