UK facade market is estimated to grow considerably at a CAGR of around 5.8% during the forecast period. UK comprises nations such as England, Scotland, Wales and Northern Ireland with a total population of the country in 2017 around 65 million, as per the European Commission. The commission also estimates that UK focuses on the renovation of residential buildings enabling it to be a leader in sustainable construction and energy efficiency in Europe. Over 2010-2016, UK has witnessed a 7.3% increment in the number of enterprises, which amounted to around 450,000 in 2016, in its construction sector. This is primarily driven by the 32.1% increase in the number of architectural engineering companies. Though, the construction sector has observed a decline in 2012, however, the production in construction has been increasing ever since, being 11.3% above the 2010 level in 2016.
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European Commission estimated that real estate projects, construction, and architectural and engineering activities contributed nearly 11.5%, 5.5%, and 1.3% respectively, as a share of GDP in the construction sector of the nation. With the 24.3% surge in the house price index in the country, UK housing market experienced a boom and bust cycle over 2010 – 2016. Consequently, the UK is facing a housing shortage and affordability issues with the need for additional housing has been estimated at 232,000 to 300,000 new units per year. To tackle these challenges, the government plans to deliver 400,000 affordable housing units by 2020 – 2021, out of which 100,000 to be financed through a new $3.0 billion Housing Infrastructure Fund. These facts and figures reflect the growth opportunities for the facade market in the country.
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The companies which are contributing to the growth of UK facade market include EOS Facades Ltd., Permasteelisa Group, HansenGroup Ltd., Bailey, and Alliance Facades, Ltd. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in October 2018, EOS Facades Ltd. had signed a partnership with Durkan, a building construction company, in order to design and engineer the steel framing systems (SFS). The partnership is estimated to strengthen the product portfolio of the company in building design and construction segment.
Market Segmentation
UK Facade Market by Façade Type
- Ventilated
- Non-Ventilated
UK Facade Market by End-User
- Commercial
- Residential
- Industrial
Company Profiles
- Alliance Facades, Ltd.
- Bailey
- EOS Facades Ltd.
- Europe Facade Ltd.
- HansenGroup Ltd.
- Hydro Building Systems UK, Ltd.
- Merson Group
- Permasteelisa Group
- Sotech Optima Co.
- Yuanda (UK) Co., Ltd.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
