United Kingdom Infrastructure Report

Published 30 June 2015

  • 152 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
United Kingdom Infrastructure Report

BMI View : Growth will be driven by the residential sector , owing to robust demand and sentiment being buoyed among developers by a Conservative victory at the May general election. Infrastructure investment will enter more sustainable growth in 2017 after years of suffering from a lack of political clarity . We maintain our forecasts for construction industry value real growth in the UK at 3.5% for 2015 and 2016.

Key Trends And D evelopments

  • The victory of the Conservative party at the May 2015 general election further supports our expectation for momentum in the residential sector to remain robust in 2015, although we note that there will be a slowdown given the impressive expansion seen in 2014.

  • The election result should help address a key drag on our forecasts which has been policy uncertainty. Although the Conservative victory raises questions over the UK's continued membership of the EU - which could affect the power sector in particular - the new government will be able to form its own policy without interference from a coalition partner.

  • The first capacity auction run by National Grid following the passage of the Energy Bill 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.

Table of Contents

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (United Kingdom 2013-2018)
10
Table: Construction And Infrastructure Industry Data (United Kingdom 2019-2024)
11
Transport Infrastructure - Outlook And Overview
18
Table: Transport Infrastructure Industry Data (United Kingdom 2013-2018)
18
Table: Transport Infrastructure Industry Data (United Kingdom 2019-2024)
19
Table: Major Projects - Transport
34
Energy And Utilities Infrastructure - Outlook And Overview
57
Table: Energy And Utilities Infrastructure Data (United Kingdom 2013-2018)
57
Table: Energy And Utilities Infrastructure Data (United Kingdom 2019-2024)
58
Table: Major Projects - Energy & Utilities
69
Residential/Non-Residential Construction - Outlook And Overview
84
Table: Residential and Non-Residential Building Industry Data (United Kingdom 2013-2018)
84
Table: Residential and Non-Residential Building Industry Data (United Kingdom 2019-2024)
84
Table: Major Projects - Residential/Non-Residential Construction & Social Infrastructure
92
Industry Risk Reward Ratings
122
United Kingdom - Infrastructure Risk/Reward Index
122
Rewards
122
Risks
123
North America And Western Europe - Infrastructure Risk Reward Index
123
Table: Western Europe And North America: Infrastructure Risk/Reward Index
129
Market Overview
130
Competitive Landscape
130
Table: Key Players - Financial Data
130
Company Profile
132
Carillion Plc
132
Table: Carillion Financials
134
Balfour Beatty
135
Global Industry Overview
139
Industry Trend Analysis
139
Table: Multilaterals And Development Bank Infrastructure Support Programmes
143
Methodology
145
Industry Forecast Methodology
145
Sector-Specific Methodology
146
Risk/Reward Index Methodology
150
Sector-Specific Methodology
151
Table: Infrastructure Risk/Reward Index Indicators
151
Table: Weighting Of Indicators
152

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.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc