AMA Research has
recently published the 1st Edition of its review of major
opportunities in key markets, which looks at the private
commercial non-domestic sector and focuses on five key areas where
long-term spending and expansion programmes are still expected and
where opportunities still exist for contractors. The report should
be of particular interest to clients, construction professionals
and supply chains currently involved or seeking involvement in the
private commercial sector.
After the problems
experienced by the construction industry over the last couple of
years, the prospects for 2011 and beyond remain mixed. Forthcoming
cuts in public spending will almost certainly impact on the
industry as a whole, with public sector construction output
expected to fall by 25% between 2011 and 2015. However, this is
expected to be tempered by an upturn in the private sector, with
an increase in output of around 20% anticipated between 2011 and
2015.
The main hope for
construction in 2011 and beyond is that an increase in certain
areas of private sector work may help to partially compensate for
the decline in publicly funded projects. Many of the markets in
which construction companies have been competing for work are
changing and the key issue for contractors during the next 12
months is to take advantage of opportunities in those sectors that
still offer a decent return.
In the first of a
series of ‘Key Opportunity’ insights, the report provides up to
date and authoritative information on how markets are changing and
which clients are spending over the next few years. The report
considers the short to medium term prospects of private sector
construction through five key areas – Grocery Retail &
Supermarkets; Private Care Homes; Budget Hotels, Student
Accommodation and Industrial & Retail Warehousing.
The report analyses
these key sectors focusing on: the size, structure and value of
each sector; forecasts for construction activity and output to
2015; key private clients and their spending programmes and
forward development pipelines and sector construction capability –
which contractors are winning work in these sectors.
Information for this
report has been collated from a wide range of sources including
Government Publications, company literature and the Internet. In
addition, our research background in related construction sectors
provides a basis of understanding of the private commercial
construction market. Analysis of market developments has been
based upon both quantitative and qualitative assessments of both
primary and secondary source data.
