The UK construction sector is set to reach £100bn by 2023, according to a recent analysis conducted by easyMoney. This is a significant milestone for the sector, which has been steadily growing in recent years.
The analysis found that the construction sector has grown by an average of 3.5% per year since 2015, and is expected to continue to grow at a similar rate over the next five years. This growth is being driven by a number of factors, including increased investment in infrastructure projects, a growing population, and an increase in demand for new housing.
The analysis also found that the UK construction sector is becoming increasingly competitive, with more companies entering the market and offering services at competitive prices. This has led to increased competition, which is driving down prices and making it easier for consumers to access the services they need.
In addition to this, the analysis found that the UK construction sector is becoming increasingly digitalised, with more companies using technology to improve their efficiency and reduce costs. This is helping to drive down prices and make it easier for consumers to access the services they need.
Overall, the UK construction sector is set to reach £100bn by 2023, according to easyMoney’s analysis. This is a significant milestone for the sector, which has been steadily growing in recent years. The growth is being driven by increased investment in infrastructure projects, a growing population, and an increase in demand for new housing. In addition, the sector is becoming increasingly competitive and digitalised, which is helping to drive down prices and make it easier for consumers to access the services they need.