The turnover of the construction of bridges and tunnels in the UK has shown considerable fluctuation from 2013 to 2023, with a peak in 2014 and a significant decline thereafter. From 2013 to 2014, the sector experienced robust growth, with turnover soaring by 67.2% year-on-year. This upward trend reversed dramatically by 2017, with a steep 51.68% drop, followed by continued year-on-year declines and some minor rebounds. By 2023, the turnover stood at 185.8 million Euros, showing a marginal annual decline of 1.48% over the previous two years. The compound annual growth rate (CAGR) over the last five years (2018-2023) denotes an average annual decline of 5.45%. The forecast for 2024-2028 suggests a continued but modest decrease, with a forecasted CAGR of -1.29%.
Future trends to watch for include potential government infrastructure initiatives, advancements in construction technologies, and economic conditions that could impact funding for large-scale projects. These factors could alter the forecasted downturn, making this a critical area for ongoing monitoring and strategic planning.
