Industrial construction contract awards up by 11.2% in 2019

Industrial construction contract awards hit £7.1bn in 2019, up 11.2% on 2018, as distribution, storage and logistics sectors look set to boost future growth. In 2019, the total value of industrial construction contract awards was up 11.2% on 2018 and follows a 20.1% increase on 2017. The industrial sector has maintained its strength throughout 2019 with the logistics, storage and warehousing featuring as the leading sub-sectors. In addition, some higher value industrial construction contract awards were featured in the chemical & petrochemicals and R & D facilities sectors, according to the latest insight from Barbour ABI. Analysis of regional activity shows that the leading region in 2019 was the South East with a share of 20.4% of contract awards. This is an 8% increase on 2018. The second-largest region was the East Midlands which took 12.3% of industrial contract awards during the year. This represents a decrease of 7.5% when compared to 2018. The third-largest region was the North West which accounted for 11.9% of awards which is 0.9% ahead of 2018.