A recent study of the UK residential windows and doors sector, published by Market & Customer Insight (MCi), has valued the market at approximately £3.2 billion in 2012.
*Reviewing the last four years (2008-2012), the UK Residential Windows & Doors Market Development Report found that the UK market for doors, door frames, windows, window frames and conservatories is expected to increase to £3.5 billion by 2017 throughout the forecast period 2013-2017, but at ‘moderate levels’ of annual growth.
That growth is expected to accelerate as the period progresses and the UK economy improves. Financial availability and house price inflation will also improve conditions in the longer term and growth can be expected to return to the market at modest levels initially.
The windows and window frames sector is anticipated to continue to form the largest element of the UK market, up to 2017. The doors and door frames sector is forecast to increase throughout the review period, and by a slightly stronger level than that for windows, yet growth prospects remain modest, especially in the short term.
Richard Pogson, managing director of Yorkshire based Lockwood Windows, and sister company Composite Doors Yorkshire, commented: “In our experience the uPVC windows and doors market is still tough but we have been able to hold our own. However composite doors seem to be bucking the trend somewhat, and this has definitely been a growth market for us over the last 18 months.”
The conservatories sector is forecast to increase to approximately £1 billion. Sales in the conservatories sector are expected to grow throughout the period under review, and its growth will lead the total market. Even so, growth is expected to improve as the period progresses and the UK moves more decisively out of recession.
The report concluded that the market for direct-sell conservatories is improving and will grow more strongly as the period progresses and financial restrictions are lifted, house price inflation increases and people look to invest in their existing property with a changed attitude towards house moving following the past few years.
* Source: GGP Magazine.