The UK market for
door and window fittings grew by around 3% in 2017. This is lower than in 2016,
in line with slowing growth rates for the construction market as a whole and
stimulated by greater demand for higher specification products. The door and
window fittings market is closely linked to the fabrication and installation
markets as well as the overall glazing industry, which is relatively mature but
has seen steady growth in recent years.
Polarisation is a feature of this market and
this is characterised at one end by high value, high specification products and
low cost, basic product ranges at the other end – with the lower value sectors
of the market experiencing significant downward pressure on average prices due
to increasing import penetration.
There has been little change to the product
mix for door and window fittings in recent years. Locks and handles represent
the two major product sectors, together accounting for over half of the
fittings market, although mechanical locks have lost some share as electronic
locks have become more widespread. Door closers now account for an estimated
15%, having shown stronger than average growth.
Product development tends to be influenced by
a number of factors including fashion, legislation and technical issues. Higher
security standards play a significant role in product development and
improvement, and there is some evidence of growing demand for automation in
doors and windows which may drive development in the market going forward. Standard
white hardware is declining in popularity, with finishes such as brushed
chrome, brass, burnished bronze and nickel becoming more popular in the
domestic sector.
In terms of supply, the UK door and window
fittings market has seen a slowing of merger and acquisition activity in the
last two years, following significant consolidation of suppliers in previous
years, although the industry remains highly fragmented. Due to the wide range
of options, styles and applications, many companies operate in just one or a
few of the product sectors within this market. Imports also continue to play a
significant role in the UK door and window fittings market.
“For 2018 and beyond,
forecasts indicate marginal but positive growth, based on improving housing and
construction markets - although growth will be constrained by price pressure
and strong competition” said Fiona Watts of AMA Research.
Key drivers for growth are likely to be the
trend to trade up to higher specification products, particularly those which
offer added security features and are aimed at the commercial sector. Another
major main driver for growth will be improving output levels in the private
commercial construction sector and continued growth in the housing market.
The ‘Door andWindow Fittings Market Report – UK 2018-2022’ report 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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