CONTRACT AWARD VALUES REACH £57BN FOR 2020 – A
5% FALL ON 2019 The value of all construction contract awards in 2020 was £57bn. Despite the challenges 2020 brought, this represents a slight decrease of 4.7% on 2019. While the values of contract award held steady in 2020, the number of awards declined by just under 16%.
The latest edition of the Economic & Construction Market Review from industry analysts Barbour ABI, highlights levels of construction contract values awarded across Great Britain.
Certain sectors in 2020 experienced strong growth whilst others felt the impact of the Covid-19 pandemic. The infrastructure sector contract awards in 2020 were valued at £14.5bn, an increase of 40% on 2019. A large increase in utilities and civil engineering projects contributed to the total, increasing by 61% and 54% respectively.
The hotel, leisure and sport sector contract awards for 2020 was £3.1bn which is a decline of 43% compared to 2019. This was largely due to a fall in arenas and stadia, and audience and exhibition centres, falling by 68% and 63% respectively.
However, most significantly the medical and healthcare sector
DOMOTEX 2021 MOVES TO DIGITAL-
ONLY EVENT After initially being postponed to May 18- 20, DOMOTEX will no longer take place as a hybrid trade show format this year.
Due to the ongoing global effects of Covid-19, show organisers Deutsche Messe AG have decided that DOMOTEX 2021 cannot take place as a physical event in Hannover. Currently, an alternative digital business platform is planned in form of the DOMOTEX DIGITAL DAY on 20 May, 2021. The focus element of this platform is a digital conference that will address
12 | WHAT'S NEW?
saw an increase of 62% in 2020 compared to 2019 with a total value of contract awards at £2.0bn.
Commenting on the figures, Tom Hall, Chief Economist at Barbour ABI and AMA Research said: “The total value of contract awards only fell by 5% in 2020, thanks to an extremely strong start to the year and a moderate recovery after the first nationwide lockdown. It’s a complete turnaround
current and forward-looking topics in the international flooring industry.
Dr. Andreas Gruchow, Member of the Management Board of Deutsche Messe AG, said: "Trade shows like DOMOTEX, which are characterised by a very high level of internationality on both sides, amongst exhibitors as well as visitors, have a long planning period. Following the recent surge in global coronavirus cases, accompanied by lockdowns, worldwide travel warnings and restrictions and quarantine requirements, we now have had to make this decision. Unfortunately, for the first time in its 32-year history, we will not be able to organise DOMOTEX in
https://www.barbour-abi.com/economic-and-construction-market-review/
where activity is happening compared to 2019, which was dominated by the residential and leisure sectors. In 2020 it has been the healthcare and infrastructure sectors that maintained activity. We expect the same over the first period of 2021, at least until the Covid-19 situation improves and the uncertainty clears.”
Download the full report here.
www.barbour-abi.com
2021 as a physical trade show on our exhibition grounds in Hannover.
"Even a hybrid DOMOTEX is not realistic in the current situation, as it would require a certain proportion of physical exhibitors and visitors on-site, combined with travel from all parts of the world. We have therefore decided to organise DOMOTEX as a purely digital event, in order to give our customers the necessary planning security from now on.”
DOMOTEX 2021 will take place as a digital-only event on May 20. The next hybrid DOMOTEX is scheduled for January 13-16, 2022, at the Hannover Exhibition Grounds.
www.domotex.de/en
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