Construction - UK - April 2016

EXECUTIVE SUMMARY
The market
Figure 1: Development of the construction market in Great Britain, 2011-15 actual and 2016-20 forecast
Figure 2: Segmentation of the new construction market in Great Britain, 2015
Figure 3: Segmentation of the R&M activity in Great Britain, 2015
Market factors
Figure 4: Development of the public housing construction market in Great Britain, 2011-15 actual and 2016-20 forecast
Figure 5: Development of the private housing construction market in Great Britain, 2011-15 actual and 2016-20 forecast
Figure 6: Development of the public non-residential construction market in Great Britain, 2011-15 actual and 2016-20 forecast
Figure 7: Development of the private industrial construction market in Great Britain, 2011-15 actual and 2016-20 forecast
Figure 8: Development of the private commercial construction market in Great Britain, 2011-15 actual and 2016-20 forecast
Figure 9: Development of the R&M construction market in Great Britain, 2011-15 actual and 2016-20 forecast
Companies
Figure 10: Development of the construction industry, by number of companies, 2010-14
What we think
KEY ISSUES
Is the EU referendum affecting the market?
How important is government policy?
UK economic growth is predicted to fall over the next few years. How will this impact the market?
We are told interest rates will rise, what impact will that have?
INTRODUCTION
Definitions
Methodology
Abbreviations
Market positioning
Market factors and issues in the market
Figure 11: UK economic output, by sector, 2012-15
Figure 12: Residential property transactions in the UK, 2011-15
UK ECONOMY
Overview
Figure 13: UK GDP quarterly development, 2003-15
Figure 14: UK GDP in economic downturns and recoveries since 1979
Inflation
Interest rates
House prices
Consumer spending
Manufacturing
Figure 15: UK output by industry, 2008-15
Business investment
Figure 16: UK GFCF 2003-15
Imports
Exports
MARKET SIZE AND TRENDS
Key analysis
Market size
Figure 17: Construction output in Great Britain, 2011-15
Market segmentation and trends
Figure 18: Construction output in Great Britain, by Type, 201115
Housing
Figure 19: Housing completions in the UK, 1970-2015
Public housing
Figure 20: Analysis of new public housing construction output in Great Britain, 2011-15
Figure 21: Public housing starts and completions in England, 2011-15
Figure 22: Trends in the gross supply of affordable housing in England, by tenure 2010-15
Private housing
Figure 23: Analysis of private housing construction output in Great Britain, 2011-15
Figure 24: Private new housing starts and completions in England, 2011-15
Public non-residential
Figure 25: Long term trend in public non-residential construction activity in Great Britain, 1970-2015
Figure 26: Analysis of public sector non-residential construction output in Great Britain, 2011-15
Figure 27: Analysis of public sector non-residential construction in Great Britain, by type, 2011-15
Health
Figure 28: NHS Trust capital spending, by type 2015
Education
Key analysis
“Other” sector
Private industrial
Figure 29: Long term trend in private industrial construction output in Great Britain, 19702015
Figure 30: Analysis of private industrial new construction work in Great Britain, by sector 2011-15
Private commercial
Figure 31: Long term trend in private commercial construction output in Great Britain, 19702015
Figure 32: Analysis of private commercial construction in Great Britain, by type, 201115
Repair & Maintenance
Figure 33: Segmentation of the R&M activity in Great Britain, 2015
Public housing
Figure 34: Analysis of Decent Homes backlog programme allocations, 2012-15
Figure 35: Analysis of repair & maintenance output in the public housing sector in Great Britain, 201115
Private housing
Figure 36: Analysis of repair & maintenance output in the private housing sector in Great Britain, 201115
Public non-residential
Figure 37: Analysis of repair & maintenance output in the public non-residential sector in Great Britain, 201115
Private non-residential
Figure 38: Analysis of repair & maintenance output in the private nonresidential sector in Great Britain, 201115
Seasonality of sales
Figure 39: Seasonality of public housing output, 2011-15
Figure 40: Seasonality of private housing output, 2011-15
Figure 41: Seasonality of public non-residential construction output, 2011-15
Figure 42: Seasonality of private industrial construction output, 201115
Figure 43: Seasonality of private commercial construction output, 201115
Figure 44: Seasonality of public housing repair & maintenance output, 2011-15
Figure 45: Seasonality of private housing repair & maintenance output, 2011-15
Figure 46: Seasonality of public non-residential repair & maintenance output, 2011-15
Figure 47: Seasonality of private non-residential repair & maintenance output, 201115
Regional Sales
Figure 48: Regional value of total new construction output, 2011-15
Figure 49: Regional public housing construction output, 2011-15
Figure 50: Regional private housing construction output, 2011-15
Figure 51: Regional public non-residential construction output, 2011-15
Figure 52: Regional private industrial construction output, 2011-15
Figure 53: Regional private commercial construction output, 2011-15
Figure 54: Regional housing repair & maintenance output, 2011-15
Figure 55: Regional public non-residential repair & maintenance output, 2011-15
Figure 56: Regional private non-residential repair & maintenance output, 2011-15
INDUSTRY STRUCTURE
Key analysis
Industry development
Figure 57: Development of the construction industry, by number of companies, 2010-14
Figure 58: Development of main trades and specialist contractors, by number of companies, 2010-14
Figure 59: Analysis of the employment structure of the construction main trades, 2014
Figure 60: Proportional importance of companies with up to 4 employees, by sector, 2015
Figure 61: Proportional importance of companies with up between 5 and 9 employees, by sector, 2015
Figure 62: Proportional importance of companies with between 10 and 19 employees, by sector, 2015
Figure 63: Proportional importance of companies with between 20 and 99 employees, by sector, 2015
Figure 64: Proportional importance of companies with 100 or more employees, by sector, 2015
COMPANY PROFILES
BALFOUR BEATTY
Figure 65: Financial analysis of Balfour Beatty, 2011-15
Figure 66: Investment portfolio of Balfour Beatty by segment, 2013-14
Company strategy
BARRATT DEVELOPMENTS
Figure 67: Financial analysis of Barratt Developments, 2011-15
Figure 68: Types of houses built by Barratt Developments, 2015
Figure 69: Location of houses built by Barratt Developments, 2015
Company strategy
LEND LEASE CONSTRUCTION (EMEA)
Figure 70: Financial analysis of Lend Lease Construction (EMEA), 2011-15
Company strategy
CARILLION
Figure 71: Financial analysis of Carillion, 2010-14
Figure 72: Geographic turnover of Carillion, 2014
Figure 73: Activity turnover of Carillion, 2014
Company strategy
Figure 74: Financial analysis of Carillion Construction, 2010-14
Company strategy
COSTAIN
Figure 75: Financial analysis of Costain Group, 2011-15
Company strategy
GALLIFORD TRY
PPP investments
Figure 76: Financial analysis of Galliford Try, 2011-15
Figure 77: Turnover segmentation of Galliford Try, 2015
Company strategy
INTERSERVE
Figure 78: Financial analysis of Interserve, 2011-2015
Figure 79: Turnover segmentation of Interserve, 2015
Company strategy
KIER GROUP
Figure 80: Financial analysis of Kier Group, 201115
Company strategy
PERSIMMON
Figure 81: Financial analysis of Persimmon, 2011-15
Figure 82: Turnover analysis of Persimmon, 2015
Company strategy
SKANSKA
Figure 83: Financial analysis of Skanska UK, 201115
Company strategy
Figure 84: Financial analysis of Taylor Wimpey, 2011-15
Company strategy
MARKET FORECAST
Key analysis
Market Overview
Figure 85: Forecast construction output in Great Britain, 2016-20
Figure 86: Forecast construction output in Great Britain, 2016-20
Housing
Figure 87: Forecast private housing output in Great Britain, 201620
Figure 88: Forecast public housing output in Great Britain, 2016-20
Public Non-residential
Figure 89: Forecast public non-residential construction output in Great Britain, 2016-20
Figure 90: Forecast of public non-residential construction in Great Britain, by type, 2016-20
Private Industrial
Figure 91: Forecast private industrial construction output in Great Britain, 2016-12
Figure 92: Forecast of private industrial new construction work in Great Britain, by sector 2016-20
Private Commercial
Figure 93: Forecast private commercial construction output in Great Britain, 2016-20
Figure 94: Forecast of private commercial construction in Great Britain, by sector, 201620
Repair & Maintenance
Figure 95: Forecast repair & maintenance construction output in Great Britain, 2016-20
Figure 96: Forecast repair & maintenance construction output in Great Britain, by type, 201620
Public housing
Figure 97: Forecast repair & maintenance output in the public housing sector in Great Britain, 201620
Private housing
Figure 98: Forecast repair & maintenance output in the private housing sector in Great Britain, 201620
Private non-residential
Figure 99: Forecast repair & maintenance output in the private non-residential sector in Great Britain, 201620
Public non-residential
Figure 100: Forecast repair & maintenance output in the public nonresidential sector in Great Britain, 201620
Infrastructure
Figure 101: Forecast repair & maintenance output in the infrastructure sector in Great Britain, 201620
FURTHER SOURCES & CONTACTS
Trade associations
Trade Magazines
Trade Exhibitions