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Foundations growth set to slow over next three years

GROWTH RATES in the foundations market are predicted to slow from 9% in 2006 to 6% this year, falling to just 3% in 2009, according to a report published last month.

The prediction is made in the UK Foundations Market Development report produced by Market & Business Development (MBD). The annual growth rate from 2009 is projected to remain at 3% until 2011.

MBD bases its predictions on building trends across the civil engineering, commercial, private industrial and public and private housing sectors.

But even with this downturn, MBD believes the sector's output may reach £698.8M at 2006 prices in 2011, equivalent to 21% growth in real term compared with 2006.

MBD expects demand to continue to be stimulated by growth in the public and private housing sectors.

The report reviews the UK piling market and estimates it has grown by 18% in nominal terms between 2002 and 2006. This takes its value to £358.9M consolidating the growth recorded each year between 2002 and 2005.

The report says that since 2002, piling output has continued to account for the largest proportion of the UK foundations market and has accounted for about 64% of the sector in each year of the review period.

The report records good news for the underpinning market where output was estimated at £89.3M in 2006.

Sales growth was recorded in each year reviewed meaning an estimated growth of 26% in nominal terms.

Demand for ground improvement has also risen in each year of the review period, reaching an estimated £116.5M in 2006. MBD says that sales last year increased nominally by 5%, re ecting an increase in the number of brown eld developments.

Reader offer Normally the reports costs £550 for a single copy or £660 for an annual subscription consisting of four reports. But GE readers can save 10% on both, meaning £495 for a single copy and £594 for the subscription. Call 0161 236 6845 and quote Ground Engineering. Further information can be found at www. mbdltd. co. uk

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