The UK windows and doors market grew by 3.8% in 2014 and is set to grow even further thanks to rising output from the country’s construction industry, new research has suggested.
According to the Windows & Doors 2015 market report by business intelligence provider Key Note, the sector recorded 4.9% growth over the five-year review period between 2010 and 2014.
The overall market for windows and doors is largely dependent on the volume of construction output; both the ‘new build’ sector and the repair, maintenance and improvement (RM&I) sectors account for substantial markets.
For the RM&I sector, the installation of double glazed windows and doors in new buildings has the potential to reduce future demand in the sector due to their enhanced durability. However, sector has tangibly benefited in recent years from the introduction of the Green Deal, which has fuelled homeowners’ demand to upgrade components of their home for both environmental and financial purposes.
Key Note forecasts that between 2015 and 2019 the UK market for windows and doors will grow by 13.3%, buoyed by the rising output from the country’s construction industry, in addition to the anticipated new homes and public buildings which will need to be built in order to accommodate the UK’s expected annual population increases.