Construction Contractors Market Report - Focus on Sector Capability and Strategy - UK 2015-2019 Analysis
NEW YORK, March 9, 2016 /PRNewswire/ -- AMA Research have published the 2nd edition of the report 'Construction Contractors Market Report – Focus on Sector Capability and Strategy - UK 2015-2019 Analysis'. This report provides a comprehensive review of the UK contracting sector should be of particular interest to contractors and other supply chain members, including; suppliers, product manufacturers, consulting engineers, architects & designers and construction professionals.
Key areas covered:
• Structure and size of the UK contracting industry.
• Analysis of key market sectors within the industry.
• Analysis of key market strengths/experience of the top 30 Tier 1 and top 20 Tier 2 contractors.
• Analysis of the performance of the contracting industry including structure, size, market segmentation and market strengths.
• Key market trends and the impact of the economic recovery on contractor focus and sector strategy.
• Market forecast for construction activity to 2019.
The report represents a comprehensive review of leading construction contractors and their activity in different end use sectors, and provides forecasts through to 2019 for each of the key construction sectors.
Key areas of insight include:
• Detailed review of leading contractors and consortia by market sectors including healthcare and education.
• Analysis of change and diversification within the contracting industry.
• Construction output over the past five years for 10 leading non-domestic market sectors and forecasts to 2019 – prospects following the May 2015 election.
• Review of construction pipelines - national, regional and private company frameworks.
• Supply chain review – Top 30 Tier 1 and Top 20 Tier 2 contractors. – Key players, sector strengths
Key areas covered in the report include:
CONSTRUCTION MARKET OVERVIEW
• Total Construction Output – value of output – 2010-19: Construction new work/RMI – overview by sector 2012-19.
• Construction output by sector for - Education, University, Healthcare, Transport, Defence, Utilities, Industrial/Retail, Commercial Office, Retail, Hotel/Leisure construction output – key summary data, major projects, procurement programmes, capital spending, prospects.
• Construction Frameworks – by sector (education, health etc), value, key programmes & appointed contractors.
• Government forward pipeline – by sector, number of schemes, project values – 2015-2019.
• National Infrastructure pipeline 2014-2020 – transport, energy, waste etc.
CONTRACTORS REVIEW BY END USE SECTOR
• Sectors covered include the following: Education, University, Healthcare, Transport, Defence, Utilities, Industrial/Retail, Commercial Office, Retail, Hotel/Leisure.
• Structure of the UK Contracting Industry.
• Top 30 UK Tier 1 Contractors by Revenue (£m), Contracts Won and Sector Strengths.
• Top 30 UK Tier 2 Contractors by Revenue (£m), Contracts Won and Sector Strengths.
• Key trends and factors promoting change in the industry, e.g. change in contract size.
• Overview and contractor strengths.
• Consortia in the contracting industry. Overview of specification & the supply chain - Major Consortia and Supply Chain/Framework Partners in the Health & Education Sectors.
• Analysis of National Frameworks, Regional frameworks – Social Infrastructure Development, ID, SCAPE, National Facilities Management Contract, EMPA etc.
• Regional concentration of contractors – Leading Contractors by Region: Value of Contracts Won 2014-15 (£m) key.
• Regional frameworks – Regional Construction Frameworks – Main Contractor Frameworks - Framework Scope, Value & Duration etc. (Yorbuild, North West Construction Hub etc).
• Regional Government Construction Pipeline 2014-2020: Allocated Spend by Region, Pipeline Contract Values, Key Projects.
• Construction sector reviews - Top Contractors by Value of Projects (£m) 2014-15 in Schools, Universities, Health, Transport, Defence, Utilities, Industrial & Warehousing, Offices, Retail, Hotel & Leisure etc.
CONTRACTOR PROFILES
• Contractors covered in the report include the following: Balfour Beatty, BAM Construct UK, Bowmer & Kirkland, Carillion, Costain, Galliford Try, Interserve, ISG, Kier, Laing O'Rourke, Lend Lease, Morgan Sindall, Sisk UK, Wates, Willmott Dixon, plus Tier 2 contractors and a number of others where relevant to individual end use sectors.
• End use sector analysis – contractor capability by sector.
The contracting industry has undergone a period of considerable change and construction was one of the hardest hit sectors in the UK economic downturn as output and activity started to decelerate in 2008. As a result, many contractors have undergone a reshaping of their business as the UK moved from growth into recession and the economy saw a substantial rise in public sector debt, with significant tightening of spending from April 2011 affecting many sectors. However in 2014, contractors saw construction demand pick up and remain strong throughout the year, with positive growth rates for new work recorded in each successive month. Total non-domestic construction output in 2014 is estimated to have reached around £79.1bn, an increase of around 5% on the previous year.
However, with an upturn in the market, there is now a shortage of skilled trades working in the sector, such as carpentry, joinery, glazing and building services. Market consolidation has now led to a shortage of smaller, specialist firms, with a number of companies entering receivership during the recession. Despite seeing an overall increase in average operating profit margins during 2014, pressure on contractors still remains, as workloads have grown and contractor margins remain under pressure.
The recession has had a far reaching impact on construction in the UK, with a decline in the supply of contracts forcing many contractors to reduce the size of their businesses, cut costs and consider smaller sized contracts, with lower margins. With larger contractors bidding for smaller-scale and lower value work in order to maintain their pipelines, there is now intense competition with smaller, regional companies who have struggled to compete, leading to increased insolvencies among SMEs and their supply chains. As the market picks up, contractors are also under pressure to find the human and material resources to take on larger-size contracts.
Those firms that have done well are all highly diversified and have large FM operations. Companies with a particular focus on the utilities sector have also done comparatively well, as have smaller, regional companies with a particular focus on sectors such as housing.Going forward, the outlook for non-residential construction output remains relatively positive into the short-medium term, with indications of a steady recovery for key sectors such as offices, industrial and retail, though balanced by more muted performance from key public sectors such as health and education.
Read the full report: http://www.reportlinker.com/p03516837-summary/view-report.html
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