Palmer Market Research’s new report into the performance and prospects of the UK window and door industry, paints a complex picture of growth but also market contraction, as the UK continues its journey towards Brexit. Published this month [Oct], Palmer’s new market research report, The Window, Door and Conservatory Markets in Housing in Great Britain, argues that a flattening of the market in 2015 saw total volume fall by 0.7%. This was, however, offset by a shift towards higher-end products and higher value installations, which delivered a 2% increase in installed value to £4.20 billion. Palmer suggests that going forward, prospects are highly variable depending on sector and product offering. As in previous years, the home improvement sector continues to dominate, with a value of £3,242 million last year. Going forward into this year, Palmer suggests an above forecast performance, with growth at 1.5% to £3.28 billion by the end of 2016. But this is tempered by a significant revision of forecasts for the new build sector. Tipped for growth of 32% over a five year forecast period through to 2020 in last year’s report, Palmer now suggests that it will contract, by 3% over the same period.
