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A definition and valuation of the UK offsite construction sector

Taylor, Mark D

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Abstract

The offsite construction sector is now established as a significant contributor to the delivery of UK construction industry output. The exact value of this contribution is questionable and has been subject to substantial debate in recent literature. Existing offsite construction sector valuation methodologies have been based upon market research questionnaires and estimates of turnover and manufacturing output. Considerable attention has been given to the definition of the terms used to describe the various constituent technologies and manufacturing processes. However there has been limited reference to its size, sector classification, employment statistics and value added to the UK gross domestic output. A method is presented for the determination of the UK offsite construction sector gross output and value added. Historical data for the period 1998 to 2008 with growth forecasts up to 2013 are offered. A breakdown of the sector, examining the common standard industrial activity classification codes (SIC), the gross output and value added for each sub-sector is provided. The results show that there has been significant underestimation of the gross output and value added when compared to previous studies. An understanding of the broad and diverse nature of the offsite construction sector is provided with data that demonstrate an overview of the sector’s historical performance. The data will assist government and industry in benchmarking, market research and forecasting the further growth and diffusion of offsite construction techniques.

Citation

Taylor, M. D. (2010). A definition and valuation of the UK offsite construction sector. Construction Management and Economics, 28, 885-896. https://doi.org/10.1080/01446193.2010.480976

Journal Article Type Article
Publication Date 2010-08
Deposit Date Apr 13, 2015
Print ISSN 0144-6193
Electronic ISSN 1466-433X
Publisher Routledge
Peer Reviewed Peer Reviewed
Volume 28
Pages 885-896
DOI https://doi.org/10.1080/01446193.2010.480976
Keywords Offsite construction; prefabrication; gross output; value added;
Public URL http://researchrepository.napier.ac.uk/id/eprint/7740
Publisher URL http://dx.doi.org/10.1080/01446193.2010.480976




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