The total market for suspended ceilings and partitioning
systems saw an improvement in 2014 with growth estimated at 3% during the year,
following years of little or no growth.
Factors contributing to growth in 2014 included a
recovery in refurbishment projects and smaller scale new build projects, with
clients focusing on re-developing and re-branding existing properties.
The higher growth levels were seen
in the suspended ceilings market and have been supported by price increases and
a shift towards higher quality products and complete systems. The ceilings
market also has a wider spread of end-use applications, and the sector has
benefited from some growth in the office sector over the past 2 years. Mineral
fibre, including soft fibre, ceiling tiles account for the largest share of the
market, this share having remained fairly stable in recent years. Metal
ceilings also remain popular and account for a significant share of the market,
followed by gypsum.
The partitioning segment has seen
only marginal rates of growth over the past two years, largely due to the high
level of refurbishment and also due to their re-locatable nature. Price
competition and office trends such as the growth of open plan workplaces has
also influenced this market negatively. The dominant sector within the
partitions market is demountable/relocatable partitioning, which has performed modestly
in recent years though supported by the growing popularity of glazed
partitioning.
The performance of the overall market has
been variable in recent years and while growth was achieved in 2011, largely
due to a value increase in the ceiling systems market, market performance in
2012 and 2013 was relatively static. The growth seen in 2014 is expected to
mark the beginning of more substantial growth in this market, with the outlook
for fit-out and refurbishment work remaining positive for 2015 and 2016,
particularly in the office sector, where new build and refurbishment are
expected to drive the market, especially in the south east and London in
particular, where there is a shortage of prime Grade A office space.
“Factors influencing
the market for suspended ceiling tiles and partitioning systems in the short to
medium term include raw material price fluctuations and improvements in product
performance, in particular in terms of acoustics” said Andrew Hartley,
Director of AMA Research. “There is also
increased demand for a wider range of product options in terms of colours,
designs and materials”.
The market for suspended ceilings and partitioning
systems in the UK is forecast to be worth in excess of £340m by the end of
2019.
The ‘Suspended
Ceilings and Partitioning Systems Market Report – UK 2015-2019 Analysis’
report is published by AMA Research, a leading provider of market research and
consultancy services within the construction and home improvement markets. The
report is available now and can be ordered by calling 01242 235724 or online at www.amaresearch.co.uk/Ceilings_and_Partitions_15.html.
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