(MENAFNEditorial)
We maintain our forecasts for construction industry value real growth in the UK at 3.5% for 2015 and 2016. Growth will be driven by the residential sector owing to sentiment improving over 2013 and 2014 helped by government schemes. Infrastructure investment will continue to suffer from a lack of political clarity although we note the rail sector will be a bright spot. The general election in May 2015 has an uncertain outcome although it is our view investment in infrastructure to pick up from 2016.
Key Trends And D evelopments
* We expect momentum in the residential sector to continue to be robust in 2015 buoyed further by reforms to stamp duty which will further energise the market. 2014 was a strong year for the sector however so we expect growth to moderate to more sustainable levels especially with the expected interest rate increase.
* We expect there to be a delay in decisions on major infrastructure projects until after the 2015 general election. In particular we highlight new power generation infrastructure will be delayed owing to various political party policies which would raise questions among major utilities over investing in new capacity. That said the first capacity auction run by National Grid reached the goal of maintaining and adding 49GW of capacity until 2018/19 including 2GW of new gas-fired capacity.
* Following the passage of vital legislation we have included HS2 into our forecasts which further contribute to the rail sector's outperformance. With major projects like Crossrail coming to a close in 2016 we had been forecasting a gradual slowdown in rail infrastructure growth over the latter stages of our forecast period. Given HS2's cost and scale the project has reversed that trend and we now forecast the rail infrastructure industry will enjoy average 10.1% real growth over our 10-year forecast period.
Full Report Details at
- http://www.fastmr.com/prod/980234_united_kingdom_infrastructure_report_q2_2015.aspx?afid=101
The United Kingdom Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects including transportation and logistics by land sea and air; power plants and utilities and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.
BMI's United Kingdom Infrastructure Report provides industry professionals and strategists sector analysts investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the British infrastructure and construction industry.
Key Benefits
* Benchmark BMI's independent infrastructure industry forecasts for United Kingdom to test other views - a key input for successful budgetary and planning in the British infrastructure market.
* Target business opportunities and risks in the British infrastructure sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in United Kingdom.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. SWOTs KPIs and latest activity).
Coverage
BMI Industry View
Summary of BMI’s key industry forecasts views and trend analysis covering infrastructure and construction regulatory changes major investments and projects and significant national and multinational company developments. These are broken down into construction (social commercial and residential) transport (roads railways ports airports etc) and energy & utilities (powerplants pipelines and so on).
Industry SWOT Analysis
Analysis of the major strengths weaknesses opportunities and threats within the infrastructure and construction sectors and within the broader political economic and business environment.
BMI Industry Forecasts
Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators supported by explicit assumptions plus analysis of key developments in the market and risks to the main forecasts. Indicators include:
Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).
Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads railways airports and ports and the energy and utilities sub-sectors of power plants and transmission grids oil & gas pipelines and water infrastructure. This dataset is unique to the market.
The reports also include analysis of latest projects across the infrastructure sectors (transport utilities commercial construction).
BMI’s Infrastructure Risk Reward Index
BMI’s Risk Reward Index provides investors (construction companies suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points. These provide indices of highest to lowest appeal to investors with each position explained.
Market Overview
An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry including the key financial figures from some of the largest players in the sector.
Company Profiles*
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
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