The
report indicates the UK infrastructure market was worth £6.5 billion in
2006, according to the second edition of the “Civil
Engineering Market” report recently published by
AMA Research.
The report, which is available for purchase at £625,
provides a comprehensive
analysis of the overall civil engineering market and a detailed
assessment of each key end-use sector.
The report reviews the performance of a wide range of
end-use sectors including roads, rail, air, waterways and utilities,
covering the performance of the major civil engineering companies.
The
civil engineering market has experienced low growth since 2004, mainly
due to a static or declining construction output across several key
infrastructure sectors, with the exception of electricity, where output
experienced an increase of 68% in 2006.
The Civil Engineering sector is an integral part of the
construction industry, and has experienced substantial changes in
structure over the last decade. The growth of FM and PFI contracts has
resulted in a shift towards the provision of a wide range of contracting
services, often as part of a consortium of companies offering related
services.
In addition, the level of expertise and capital required
to engage in the bidding process and deliver a multitude of services
under long term contracts has supported a higher level of consolidation
taking place within the construction market.
Thus the leading players in the civil engineering market
are typically large integrated construction services groups with a wide
range of activities including design, project management, construction,
engineering services and FM.
AMA’s report also provides an insight into the future
prospects for the civil engineering market. In the medium term,
investment in the rail sector in particular is expected to increase, in
addition to investment in the roads sector, with congestion a key area
of focus. The longer term prospects are largely focused on the South
East of England, in particular the Olympic construction programme. In
the water sector, investment programmes agreed at the last OFWAT
regulatory review, are likely to underpin a slight recovery in this
sector. Private sector investment has increased across the
infrastructure sector in recent years and this trend is expected to
continue.
The “Civil Engineering Market” published by AMA
Research is available in electronic or hard copy format and can be
ordered online at
www.amaresearch.co.uk
or by calling 01242 235 724.
