- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 07 Sep 2020
Construction market forecast 2015 to 2024
During 2020, the construction industry in the United Kingdom has been severely impacted by the Covid-19 outbreak. According to a report by Research and Markets published on 2 September 2020, the pandemic is expected to impact on growth across key sectors over the short- to medium-term, and recovery is expected to be slow. The residential and commercial sectors are likely to be worst affected, whilst infrastructure is expected to maintain growth, supported by public spending.
The residential construction industry in value terms increased at a CAGR of 2.9% during 2015-2019. The commercial building construction market in value terms is expected to record a CAGR of 7.6% over the forecast period.
The report includes market size and forecast by value and volume across the residential and commercial sectors in London, Birmingham, Manchester, Leeds, Glasgow, Sheffield, Bradford, Liverpool, Edinburgh and Bristol.
 Related articles on Designing Buildings Wiki
- August 2020 construction PMI survey results.
- Construction 2025.
- Construction output and GDP for quarter 4 2019.
- Global modular construction market.
- New deal for infrastructure 2020.
- UK construction industry.
 External resource
Featured articles and news
BSRIA examines factors driving the industry.
Ensuring designs are developed, validated and can be effectively implemented.
The Homebuyer Survey most suitable for newer homes or simple properties.
Health and safety practices for body and mind.
28 leading bodies set out their vision for the future.
Chancellor announces latest Winter Support packages.
Tapping technology to boost infrastructure and create jobs.
4 ways to ensure certificates are valid.
White elephant construction projects.
How Paul Williams bent over backwards to overcome racial barriers.
Organisation revises actions around dealing with COVID-19.
CIOB, NFCC, RIBA, RICS call for changes ahead of Building Safety Bill.
Developments in the Future Homes Standard.
An American chimney feature with a colourful past.