Research And Markets Research And Markets

Civil Engineering Market Report

  • ID: 3554
  • January 1998
  • Region: United Kingdom
  • Key Note Ltd
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The UK civil engineering market had an estimated value of £11bn in 1996 and formed part of the new construction projects market with a value of £27.93bn. The total construction market, including repair and maintenance projects, was worth £55.24bn in 1996. The value of the civil engineering market is expected to reach £12.1bn in 1998.

The term civil engineering refers to design and project management functions undertaken by firms employing professional engineers for construction projects. Civil engineering companies are involved in a wide range of projects, including: infrastructure improvements commercial property development large-scale housing schemes retail developments public works such as hospitals and schools and, increasingly, environmental protection.

The construction industry was particularly hard hit by the recession, with up to 500,000 workers being laid off. Worries about inflation and unemployment dampened the property market, restrictions on public spending led to the postponement and cancellation of road projects, and industrial building work dried up. As a result, many firms concentrated on increasing their overseas contracts, especially READ MORE >

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