In his latest report, ‘The Window, Door and Conservatory Markets in Housing 2016′, Robert Palmer, Palmer Market Research noted that the prospects for the sector were highly variable depending on the sector and product offering. A number of positives about the aluminium sector, however, were noted in the Report:
- The aluminium sector grew in value terms in 2015 by 8% to £370 million
- Since 2008 aluminium has seen exponential growth of 37% in value terms. This is impressive because it was delivered while the market grew by just 2%
- By 2020, Aluminium as a replacement window material will hit a 17 year high
- There is forecasted to be growth in the bi-fold door market alone of around 50% to 35,000 door sets by 2020
Andrew Scott, Managing Director, Insight Data noted just before the 2017 FIT Show that, ‘The number of window, door and conservatory installers offering aluminium products now stands at over 5,400 firms, an increase of 41% in 4 years. This is also creating new opportunities for trade fabricators’.
While Brexit makes forecasting more difficult what is clear is that aluminium in a strong position in the Residential sector, something definitely borne out by the sheer volume of new product launches within the sector. The confidence levels within the CAB membership are currently very high with the latest State of the Market Survey showing that 86% of CAB members expected sales to increase in the next 12 months.