Construction (Industrial Report) - UK - January 2014
US $1,242.16 (Excl.Tax)Excl. Tax Buy Now
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.
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
This report will give you a complete 360-degree view of your market. Not only is it rooted in robust proprietary and high-quality third-party data, but our industry experts put that data into context and you’ll quickly understand:
What They Want. Why They Want It.
Who’s Winning. How To Stay Ahead.
Size, Segments, Shares And Forecasts: How It All Adds Up.
New Ideas. New Products. New Potential.
Where The White Space Is. How To Make It Yours.
What’s Shaping Demand – Today And Tomorrow.