An ageing population and a growing trend of ‘multi-generation households’ will see the UK inclusive bathroom and kitchen products market increase by 20% to 2018, new research has revealed.
AMA Research are estimating that by 2018, the UK inclusive bathroom and kitchen products market will be worth in excess of £180 million.
In 2014, the market was estimated to be worth around £150 million at Manufacturers Selling Prices (MSP), representing an increase of around 2% compared to the market size in 2013.
Since 2013, the market for inclusively designed products has seen a notable increase, with demand picking up as the economy improves.
Growth has been partly attributed to several changes in legislation that have been introduced by the Government in recent years and also the growing number of elderly and disabled people.
In addition there has been a trend towards multi-generation households in the UK.
“The number of people aged 65 and over has increased by 17.3% since 2003 and the fastest growing household type in 2013 was households containing two or more families,” said Keith Taylor, director of AMA Research.
“The shortage of affordable housing and the increase in elderly relatives in need of care are driving more families to house three generations in one property and this could lead to specialist kitchen and bathroom equipment being installed in a wider range of properties.”