Construction consultants in the United Kingdom have a reason to smile. In the next five years alone, the industry is poised to grow substantially if the experts predictions are anything to go by. By 2018, the industry’s input into the country’s economy is estimated to be 12 billion pounds according to sources of authority. Here is a look at key sectors and the projections that will shape the sector in the next five years.

The Private Housing Sector

This sector has been on a steady growth since 2013 thanks to the consistent demand brought about by recovery of the United Kingdom’s economy and the introduction of Help to Buy policy by the government. It is predicted the growth will be steady and get to 10% in 2015. However, there are a few factors that will come into play if these projections are to be attained. Firstly, there must be an increase in capacity, specifically for Small and Medium Sized builders. Secondly, the affordability of mortgages and repayment costs coupled with the pending election will also determine this sector’s growth. With these considerations in mind, it is expected that this area will continue to grow moderately by 5% from 2016 and beyond.

The Commercial Construction Sector

There has been a rise in customer expenditure and business investment, two primary factors that will trigger growth in UK’s largest construction sector for the next five years. The output in the commercial sector will go past the 2.8 billion pounds mark by the year 2018 despite the fact that its growth is 16.6% lower than it was before the recession currently.

The Office Sub – Sector

Regarded as part of the commercial construction industry, the office sub-sector is also set to grow as the demand for office space intensifies across the United Kingdom. The industry’s insiders expect that the building of offices will increase by 8% in 2015 trailed by a 7% growth the following year.

The Retail Construction Sub-sector

This sector will remain on a slow but steady growth for the next five years. It may not reach such high growth levels compared to other areas but even then, it is expected to sustain the growth of 8% starting 2015 onwards.

The Infrastructure and Energy Sectors

A growth of 8.2% is anticipated in this area for the next for years on average. The Highway Agency increased the amount of money allocated to the road and construction industry, a move that will inspire growth from 2015 onwards. Rail output is poised to rise by 8% in 2015 but from then onwards, slow growth is anticipated due to the uncertainty of financing.

The building of Hinkley Point C will set the energy sub-sector on a growth path of 10% starting from 2015 and further accelerate it to 15% and 25% by the year 2018. As for the public sector construction, an increase in allocation of funds for school and hospitals will inspire slow but steady growth of 2.6% by 2018.

In a bid to claim their stake in the ever growing industry, construction consultants need to know what is happening now and in the future. This will help make them better business decision especially when you consider that the industry will on average grow by 4.8% from 2015 onwards as the UK’s economy continues to strengthen. Familiarising with these projections will indeed leave you at a better place.