The roofing market as a whole is estimated to have
grown by around 4.5% in 2014, following a period of relatively poor
performance, with a decline in 2012 and a modest increase in 2013. Driven
largely by the Help to Buy schemes
and a shift back from flats to houses, demand for roof tiles has outpaced supply
over the past few years. In 2015 the market value is set to reach 6% growth,
and over the short to medium term future, reasonable volume growth is also expected.
Roof tiles account for up to 40%
of the market by value, with concrete tiles constituting the largest sub-sector
by both value and volume. Clay tiles are also significant, with fibre cement
and natural slates occupying relatively small niches.
Housebuilding and
domestic re-roofing are the largest applications although commercial usage is
also important. Profiled metal roofing is almost as large in value terms,
although applications are almost exclusively limited to warehousing, industrial
buildings, airport structures, waste management facilities and retail ‘sheds’. The market is split
between composite panels, standing seam, twin-skin systems and single sheets,
with the latter mostly used for agricultural buildings and for over-cladding.
Flat roof membranes & felts
account for around 15%, with reinforced bitumen membranes dominating this
sector. Single ply membranes are increasing in popularity and account for
almost a third of the market, and in the longer term these products are
expected to show higher than average growth. The rooflights sector is also an
important sector in terms of value while other hard-to-quantify niche markets
such as fully supported metal roofing, bitumen & cedar shingles, account
for smaller shares.
The distribution of roofing
materials varies significantly between different product sectors. Builders’
merchants and roofing merchants are the key routes to market for suppliers of
concrete and clay tiles. As the majority of roofing slates are imported,
independent importer and distribution networks are the main channels. Imports
are largely limited to natural slates, which dominate this particular
sub-sector of the UK roof coverings market and in the profiled sheets and tiles
sectors, both import and export levels are low. With flat roofing systems
mainly used on commercial buildings, the main channels are roofing merchants
and direct sales, with builders’ merchants typically only supplying bitumen
felts for RMI and extension projects.
“Over the short to medium term we expect reasonable market
growth, largely driven by private housebuilding activity, although the end of
government’s ‘Help to Buy’ scheme may be a constraint” said Keith Taylor, Director of AMA Research. “Other
end-use sectors likely to show increased demand are commercial offices,
industry and leisure, reflecting expected recovery in the commercial new build
sector as well as commitments to further expansion in Advanced Manufacturing
and waste management. However, cuts to public sector capital investment will
continue to have a negative impact, leading to declines in demand for roofing
on public sector offices, MoD and healthcare newbuild works.”
The ‘Roofing Market Report – UK 2015-2019 Analysis’ is published by AMA Research, a
leading provider of market research and consultancy services with over 25 years’
experience within the construction and home improvement markets. The report is
available now and can be ordered online at www.amaresearch.co.uk or by calling 01242 235724.
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