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Press Release: UK Concrete & Concrete Products Market Development Report

Released: March 2011

After researching the UK concrete & concrete products market development and taking into account various other factors the following conclusions can be drawn from MBD's report:

Market Review 2006-2010:

In 2010, the UK market for concrete & concrete products is believed to have increased by a marginal level to £3612.1 million. Prior to that, the market contracted by 9% in 2008 and by a significant 23% in 2009, reflecting the substantial downturn in construction activity as a result of the economic and financial crisis. Sales are believed to have increased moderately in 2010, reflecting signs of a slow improvement in economic conditions, although the recovery remained somewhat fragile.

Prior to the downturn, sales growth of 4% was recorded in both 2005 and 2006, reflecting a relatively buoyant construction market, in particular in the residential sector. Overall, the value of the concrete & concrete products market declined by an estimated 27% between 2006 and 2010.

Market Forecast 2010-2014:

The UK market for concrete and concrete products is expected to increase throughout the five year forecast period up to 2015, although sales are not anticipated to return to the levels seen prior to the downturn within the next five years. In 2011, demand for concrete & concrete products is anticipated to increase by 2% in real terms, reflecting a moderate improvement in private construction activity, most notably private housebuilding. However, a stronger increase is likely to be hindered by the continued uncertainties with regard to the economic recovery and reduced demand from the public sector. This is anticipated to be followed by slightly stronger annual growth of between 3% and 5% in the subsequent four years. In 2015, the value of the market is forecast to reach £4263 million (at 2010 prices), equivalent to real term growth of 19% compared with 2010. The future development of the market is largely dependent on a recovery in the construction sector, as well as growth in the civil engineering output. An upturn in construction activity will be largely dependent on growth in the private sector, while demand from the public sector is anticipated to remain subdued, reflecting government spending cuts.

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MBD specialises in business to business market research. The range of reports and industries in which we operate in is constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.

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