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Test Drilling & Boring in the UK - Industry Market Research Report

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    Report

  • 40 Pages
  • July 2023
  • Region: United Kingdom
  • IBISWorld
  • ID: 1842691

Drilling in revenue: Ongoing investment is driving industry growth in 2023-24

Revenue is forecast to climb at a compound annual rate of 7.3% over the five years through 2023-24 to £375.6 million. The COVID-19 pandemic significantly impacted the construction industry in the UK, with revenue nosediving by 19.6% in 2020. However, construction activity bounced back over the two years through 2022-23 as lockdown restrictions eased, supporting expanding revenue. Despite weak growth initially, house prices soared over the two years through 2022, according to the ONS, driving developers to push up production.

This industry includes firms engaged in test drilling, boring and core sampling. It excludes water well drilling and drilling activities in the mining, oil and gas industries. Most firms operate as subcontractors for builders, engineers and local councils on building and development projects, or for geophysical surveying and mapping applications.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Structural Soils Ltd
  • Van Elle Ltd

Methodology

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