Construction (Industrial Report) - UK - January 2014
The 2015 version of this report has just been released. Be the first to access the latest research on the construction industry - click here
The construction industry has a reputation for being highly cyclical, and generally the growth or decline tends to exaggerate specific GDP development. In the historic boom/bust years this was very evident, and while some argued that the cyclicality of the market subsequently declined, this only reflected the more even GDP development. Consequently the economic difficulties caused by the financial sector collapse had a marked impact on the output of the construction industry. In total the prospects for the construction industry are now very strong.
Certain sectors are significantly influenced by governmental policy with respect to public spending, and while this has, in the past, often not reflected economic activity, the recent economic turmoil has been of such magnitude that the government has been forced to reduce public expenditure irrespective of political policy.
The official 2013 data indicate that home ownership fell in that year to the lowest level since 1987, but still 65.3% (14.39 million) of households are made up of homeowners. In 1918 just 23% of households owned their home. However, the rapid increase in the cost of property in the runup to 2007, coupled with a subsequent reduction in the availability of credit, has priced millions of wouldbe buyers out of the market.
Take a look inside a sample report
Mintel’s consumer reports deliver insight and expert analysis into key consumer trends and behaviour in your marketplace, in addition to an overview of the market data and key brands. Mintel’s consumer reports provide you with easily digestible information to guide your future innovation and move your business forward.Download now
What you get
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
* This is a sample representation of the report layout and does not reflect the research included in this report.
Why buy from us?
Our reports will provide you with market data, consumer research and competitive intelligence to succeed in your market.
Buy now and you'll have instant access to the information you need to make the right decisions.
Find out what's next in the markets that matter to you: where opportunities lie and what challenges you will face.
A business Superbrand, Mintel is a source you can trust. We have been defining and refining the Market Intelligence mix since 1972.