65% of ground engineering firms expect to see an increase in workload over the next twelve months, finds survey
October 2022 - Engineering
65% of ground engineering firms expect to see an increase in workload over the next twelve months: A survey of ground engineering firms has found that 65% expect to see their organisation's workload increase in the coming year, up from 60% in 2021. The survey also revealed that 29% believe workloads will stay the same as they currently are and 6% expect to see a decrease.
For the coming year, a third of companies polled (32%) believe their organisation's workload will increase by 10% with 19% expecting to see a 20% increase.
Respondents to the GE100 Survey were asked about the sectors they expect to see growth in over the next twelve months as well as those where they anticipate a decline.
Almost six in 10 respondents believe they will see growth in the Power sector (59%) up from 50% in 2021, with no respondents forecasting a decline.
Respondents are also expecting to see growth in Rail (42.9% with 8.7% expecting to see a decline), Road (37.9% with 5% expecting a decline), Water (29.2% with 1.2% expecting a decline) Ports (24.8% with 2.5% expecting a decline), and Education (24.3% with 3.1% expecting a decline).
Optimism in housing had fallen from last year's survey, with 32.9% of respondents expecting the Private Housing sector to grow, down by 8% on 2021 figures, while in the Public Housing sector 23.6% of respondents said they are expecting to see growth, a fall of 10% since last year. There was also a small increase in participants expecting a decline, found the survey.
Just 7.5% expected to see growth in the Retail sector, while 33.5% said they expected to see a decline. Similarly, 5.6% said they expected to see growth in Aviation, while 15.5% expected a decline.
When asked about their main concerns about the geotechnical industry in the current climate, 75.2% of respondents said the skills shortage, followed by increasing material and energy costs (64%), small margins (29.8%), Brexit effect (28%) and risk transfer from client to contractor (21.7%).
Other concerns included carbon emissions (17.4%), too much work (14.3%), the impact of Covid (10.6%) and too little work (5.6%).
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