Concrete Construction Product Manufacturing in the UK - Market Research Report (2014-2029)

Cemented growth: Revenue is set to climb in 2022-23 thanks to government support

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Strong government spending has fostered growth in residential and infrastructure markets, maintaining demand for concrete products. These policies include the Help to Buy scheme, which supports first-time buyers, and the £650 billion National Infrastructure and Construction Pipeline. The commercial markets have proved less successful, hampered by Brexit-induced scepticism. COVID-19 further compounded uncertainty from businesses, deterring them from undergoing investment projects during 2020. Concrete manufacturers were also forced to halt operations during lockdowns, dramatically cutting production volumes. Nonetheless, industry-wide revenue is projected to grow at a compound annual rate of 2.6% over the five years through 2022-23, including an anticipated growth of 5% in 2022-23 to £3.6 billion.

Operators in this industry manufacture concrete products for use in construction. This includes prefabricated structural components made of cement, concrete or artificial stone and other precast concrete, cement or artificial stone articles such as tiles, flagstones, bricks, boards and sheets.