This report analyzes the UK construction industry against the backdrop of various domestic and international developments. It examines the factors driving change in this industry and also assesses the competitive landscape, which is ruled by key players like Amec, Balfour, Beatty and Taylor Woodrow. A comparative assessment on key financial indicators follows and the report concludes with an outlook for the various industry sub-segments.
The construction industry is a vital component of the UK economy, and contributed around 8% to the GDP in 2005.
The main trends observed in the industry include: - Collaboration between public and private sectors - Contrasting employment trends in the public and private sectors
Rising demand for housing is a key growth driver for the industry.
Construction output in the public non-residential segment will continue to post strong growth.
