PUBLIC SECTOR UK Contract Floorcoverings – End-use Mix by Value - 2014 FUTURE PROSPECTS
After several years of decline, health sector construction output is forecast to pick up slightly in 2015 with value growth of around 4%. Thereafter, medium-term forecasts indicate moderate annual growth of around 3-5% to 2019 when output is expected to reach £3.6bn, with a number of delayed PFI schemes moving forward and translating into work.
Contractors Output in the Health Sector 2010 – 2018 (£m)
This cautious forecast is underpinned by the impact of capital budget cuts over 2011-15, which are likely to continue after the next Election. Although the latest trend for new construction orders has been upwards, this is unlikely to result in a rapid upturn in output in the medium-term.
Key to the future performance of the health sector is the changing focus from larger-scale regional provision to smaller, locally based services based on LIFT/P21+ procurement programmes.
Given the large floor area within the health sector estate, demand for floorcoverings will continue to represent a significant market for the flooring industry. While vinyl is widely specified in the sector, greater emphasis on aesthetics, and zoning particularly in reception and waiting areas will drive demand for other flooring products.
Value of Construction Output – by End Use Sector 2014
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Extracted from: Healthcare Construction Market Report – UK 2015-2019 Analysis
Published by AMA Research:
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