£91.3bn
£X.Xbn
271k
55,542
£X.Xbn
Residential building contractors are contingent on the propensity of property developers to invest in new ventures; movements in property prices; government schemes intended to boost the housing supply; and underlying sentiment in the housing market. Revenue expanded prior to the pandemic, with the support of government programmes and new funding to induce land development and housebuilding activity mitigating the effects of market uncertainties stemming from the Brexit vote. Revenue is forecast to decline at a compound annual rate of 0.4% to £91.3 billion over the five years through 2023-24.
Industry revenue has declined at a CAGR of 0.4 % over the past five years, to reach an estimated £91.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue (£m)
2024 |
---|---|---|
Barratt Developments plc | 5,201.5 | |
Taylor Wimpey UK Limited | 3,629.9 | |
Bellway plc | 3,312.8 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including New single-unit housing, Repair, renovation and remodelling and New flats. New single-unit housing is the largest segment of the Residential Building Construction in the UK.
Difficulties obtaining planning permission has weighed on new single-unit housing construction
This industry includes contractors undertaking new work, remodelling, renovations and repairs to residential buildings, including single-family houses, high-rise apartment blocks and housing association and local authority housing. Work can be carried out on a firm’s own account or on a fee or contract basis, and portions of the work or all practical work can be subcontracted out.
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SIC 41.20/2 - Residential Building Construction in the UK
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Including values and annual change:
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Key data sources in the UK include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Residential Building Construction in the UK industry in United Kingdom is £91.3bn in 2024.
There are 55,542 businesses in the Residential Building Construction in the UK industry in United Kingdom, which has grown at a CAGR of 3.2 % between 2019 and 2024.
The market size of the Residential Building Construction in the UK industry in United Kingdom has been declining at a CAGR of 0.4 % between 2019 and 2024.
Over the next five years, the Residential Building Construction in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Residential Building Construction market in United Kingdom are Barratt Developments plc , Taylor Wimpey UK Limited and Bellway plc
New single-unit housing and Repair, renovation and remodelling are part of the Residential Building Construction in the UK industry.
The company holding the most market share in United Kingdom is Barratt Developments plc .
The level of competition is high and steady in the Residential Building Construction in the UK industry in United Kingdom.