| 1. |
INTRODUCTION |
7 |
| 2. |
SUMMARY & FUTURE PROSPECTS |
8 |
| 2.1 | SUMMARY |
8 |
| 2.2 | FUTURE PROSPECTS |
10 |
| 3. |
ECONOMIC ENVIRONMENT |
12 |
| 3.1 | GDP |
12 |
| 3.2 | INFLATION & INTEREST RATES |
13 |
| 3.3 | UNEMPLOYMENT |
14 |
| 3.4 | HOUSEHOLD CONSUMPTION |
14 |
| 3.5 | STERLING |
15 |
| 3.6 | POPULATION PROFILE |
16 |
| 3.7 | CONCLUSIONS |
17 |
| 4. |
THE BUILDERS AND PLUMBERS’ MERCHANTS’ MARKET |
19 |
| 4.1 | DEFINITION |
19 |
| 4.2 | PRODUCTS |
19 |
| 4.2.1 | Product Range |
20 |
| 4.3 | MARKET STRUCTURE |
20 |
| 4.3.1 | Lightside Product Distribution |
21 |
| 4.3.2 | Heavyside Product Distribution |
24 |
| 4.4 | MARKET SIZE |
24 |
| 4.4.1 | Current Situation – 2008 |
26 |
| 4.4.2 | Future Prospects – 2009 to 2013 |
28 |
| 4.5 | MERCHANTS’ SHARE OF CONSTRUCTION OUTPUT |
30 |
| 4.6 | BUILDING AND CONSTRUCTION MARKET INFLUENCES |
32 |
| 4.6.1 | Overall Construction Market |
32 |
| 4.6.2 | The Housing Market |
34 |
| 4.6.3 | Additional Factors Influencing the Merchants’ Market |
36 |
| 5. |
THE BUILDERS & PLUMBERS’ MERCHANTS |
38 |
| 5.1 | MARKET SHARE |
38 |
| 5.2 | MERCHANT COMPANIES |
42 |
| 5.2.1 | National Merchants |
42 |
| 5.2.2 | Large Regional Merchants |
52 |
| 5.2.3 | Small and Medium Size Regionals |
55 |
| 5.2.4 | Local Merchants |
61 |
| 5.2.5 | Buying Groups |
63 |
| 5.3. | CHARACTERISTICS OF BUILDERS & PLUMBERS’ MERCHANTS |
65 |
| 5.3.1 | Product Range |
65 |
| 5.3.2 | Profitability |
65 |
| 5.3.3 | Debtors |
67 |
| 5.3.4 | Turnover Per Employee |
68 |
| 5.3.5 | Pricing |
69 |
| 5.4 | MERCHANTS’ MARKET – SWOT ANALYSIS |
69 |
| 6. |
MERCHANTS' CUSTOMERS |
71 |
| 6.1 | BUILDERS |
71 |
| 6.1.1 | House builders/General Builders |
72 |
| 6.1.2 | Commercial Construction |
74 |
| 6.1.3 | Civil Engineering |
74 |
| 6.2 | PLUMBING AND HEATING CONTRACTORS |
75 |
| 6.3 | MECHANICAL AND ELECTRICAL CONTRACTORS |
76 |
| 6.4 | OTHER CONTRACTORS |
77 |
| 6.5 | CONSUMERS |
77 |
| 6.6 | LOCAL AUTHORITIES AND PUBLIC BODIES |
78 |
| 6.7 | OTHER |
79 |
| 7. |
PRODUCTS |
80 |
| 7.1 | PRODUCT MIX |
80 |
| 7.2 | MERCHANT SHARES BY PRODUCT |
81 |
| 7.3 | PRODUCT TRENDS |
82 |
| 7.3.1 | Roofing & Insulation Materials |
82 |
| 7.3.2 | Bricks, Blocks and Concrete Materials |
85 |
| 7.3.3 | Cement & Plaster Materials |
91 |
| 7.3.4 | Timber Products |
94 |
| 7.3.5 | Plumbing and Drainage Materials |
96 |
| 7.3.6 | Decorating Materials |
99 |
| 7.3.7 | Heating and Ventilation |
101 |
| 7.3.8 | Kitchens |
104 |
| 7.3.9 | Ironmongery & Miscellaneous Products |
105 |
| TABLES AND CHARTS |
| CHART 1 | UK BUILDERS AND PLUMBERS’ MERCHANTS’ MARKET 2004 TO 2013 – BY VALUE £ BILLION AT MERCHANTS SELLING PRICES |
8 |
| CHART 2 | INTEREST RATES AND INFLATION (CPI) FROM 1992-2013 |
13 |
| CHART 3 | PDI & SAVINGS RATIO AT CURRENT PRICES 1992-2013 |
15 |
| TABLE 4 | EXCHANGE RATE FLUCTUATIONS 2002-2008 - STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES |
16 |
| CHART 5 | AGE DISTRIBUTION OF THE RESIDENT UK POPULATION 2001 CENSUS (‘000) |
17 |
| CHART 6 | DISTRIBUTION STRUCTURE - LIGHTSIDE |
22 |
| TABLE 7 | UK BUILDING & PLUMBING MERCHANTS’ MARKET 2003 TO 2013 – BY VALUE (£ MILLION AT MERCHANT SELLING PRICES) |
25 |
| TABLE 8 | MERCHANTS SHARE OF UK CONSTRUCTION OUTPUT 2002 TO 2008 (£ BILLION CURRENT PRICES) |
31 |
| CHART 9 | UK CONSTRUCTION OUTPUT BY SECTOR, ANNUAL TOTALS, INDEX 2002 = 100 |
32 |
| CHART 10 | HOUSING COMPLETIONS 2002 TO 2008 – UNITED KINGDOM (‘000) |
34 |
| TABLE 11 | NUMBER OF RESIDENTIAL PROPERTY TRANSACTIONS IN ENGLAND AND WALES 2002-2008 (‘000) |
36 |
| CHART 12 | MERCHANTS’ MARKET SHARES 2008 |
39 |
| CHART 13 | NATIONAL MERCHANTS MARKET SHARE COMPARISON 1997 AND 2008 |
40 |
| TABLE 14 | CHANGING PERCENTAGE OF SHARE NATIONAL MERCHANTS 1997-2008 |
41 |
| CHART 15 | MIX OF MERCHANTS BY TYPE 2008 |
41 |
| TABLE 16 | KEY INDICATORS UK BUILDERS’ MERCHANTS’ MARKET – TRAVIS PERKINS |
43 |
| TABLE 17 | KEY INDICATORS UK BUILDERS’ MERCHANTS’ MARKET – WOLSELEY UK LTD |
45 |
| TABLE 18 | KEY INDICATORS UK BUILDERS’ MERCHANTS MARKET – SAINT GOBAIN BUILDING DISTRIBUTION (JEWSON & GRAHAM) |
47 |
| TABLE 19 | KEY INDICATORS UK BUILDERS’ MERCHANTS’ MARKET – GRAFTON UK BUILDING PRODUCTS DISTRIBUTION* |
49 |
| TABLE 20 | KEY INDICATORS UK BUILDERS’ MERCHANTS’ MARKET – BSS GROUP PLC |
51 |
| TABLE 21 | LEADING SMALLER REGIONAL MERCHANT COMPANIES 2007 |
61 |
| CHART 22 | MERCHANTS BY TURNOVER 1996, 2000 AND 2007 |
63 |
| TABLE 23 | MERCHANTS PROFITABILITY 2005 TO 2007 |
66 |
| TABLE 24 | MERCHANTS DEBTORS LEVELS 2005 TO 2007 |
67 |
| TABLE 25 | MERCHANTS TURNOVER PER EMPLOYEE 2005 TO 2007 |
68 |
| TABLE 26 | MERCHANTS’ MARKET - SWOT ANALYSIS |
70 |
| CHART 27 | UK VAT-REGISTERED BUILDERS 2007 |
72 |
| TABLE 28 | NHBC REGISTERED BUILDERS BY NUMBER OF UNITS STARTED 1993-2007 |
73 |
| CHART 29 | UK VAT REGISTERED PLUMBING AND HEATING CONTRACTORS 1998 AND 2007 |
75 |
| CHART 30 | DIY MULTIPLES/BUILDERS’ MERCHANTS SALES 2002-2008 (2000=100) |
77 |
| CHART 31 | BUILDERS AND PLUMBERS’ MERCHANTS’ MARKET PRODUCT MIX 2008 – £ MILLION AT MERCHANT SELLING PRICES |
80 |
| TABLE 32 | BUILDERS & PLUMBERS’ MERCHANTS SHARE OF THE MARKET SECTORS 2008 AT MERCHANT SELLING PRICES |
81 |
| CHART 33 | UK ROOFING AND INSULATION MARKET 2004-08 £ MILLION MERCHANT SELLING PRICES |
83 |
| CHART 34 | ROOFING AND INSULATION MARKET 2008 - £ MILLION AT MERCHANT SELLING PRICES |
84 |
| CHART 35 | UK MARKET FOR BRICKS, BLOCKS AND CONCRETE GOODS 2005 TO 2008 - £ MILLION AT MERCHANT SELLING PRICES |
86 |
| CHART 36 | MIX OF BRICKS, BLOCKS & CONCRETE PRODUCTS 2008 BY VALUE £ MILLION AT MERCHANT SELLING PRICES |
87 |
| TABLE 37 | PRODUCTION, STOCKS & DELIVERIES OF ALL BRICK TYPES (MILLIONS) 2003 TO 2008 |
88 |
| TABLE 38 | PRODUCTION, STOCKS & DELIVERIES OF ALL CONCRETE BUILDING BLOCKS (‘000 SQ. METRES) 2003 TO 2008 |
89 |
| CHART 39 | THE UK MARKET FOR CEMENT AND PLASTER MATERIALS 2004 TO 2008 - BY VALUE (£ MILLION AT MERCHANTS SELLING PRICES) |
91 |
| TABLE 40 | CEMENT AND READY MIXED CONCRETE PRODUCTION 2003 TO 2008 (‘000 TONNES) |
92 |
| TABLE 41 | SALES OF AGGREGATES IN GREAT BRITAIN 2003 TO 2008 (‘000) TONNES |
93 |
| CHART 42 | UK MARKET FOR TIMBER PRODUCTS 2003 TO 2008 – BY VALUE (£ MILLION AT MERCHANTS SELLING PRICES) |
94 |
| CHART 43 | TIMBER SALES BY MAJOR PRODUCT GROUPS 2008 - BY VALUE (£ MILLION AT MERCHANTS SELLING PRICES) |
95 |
| CHART 44 | UK MARKET FOR PLUMBING AND DRAINAGE MATERIALS 2003 TO 2008 – BY VALUE (£ MILLION AT MERCHANTS SELLING PRICES) |
97 |
| CHART 45 | PRODUCT MIX FOR PLUMBING AND DRAINAGE MATERIALS MARKET 2008 – BY VALUE (£ MILLION AT MERCHANTS SELLING PRICES) |
98 |
| CHART 46 | UK DECORATING MATERIALS MARKET 2004 TO 2008 – BY VALUE (£ MILLION AT MERCHANT SELLING PRICES) |
99 |
| CHART 47 | PRODUCT MIX WITHIN THE DECORATING MATERIALS MARKET 2008 – BY VALUE (£ MILLION AT MERCHANTS SELLING PRICES) |
100 |
| CHART 48 | THE HEATING AND VENTILATION MARKET 2004 TO 2008 – BY VALUE - £MILLION AT MERCHANT SELLING PRICES |
101 |
| CHART 49 | PRODUCT MIX HEATING AND VENTILATION PRODUCTS 2008 - % BY VALUE (£ MILLION AT MERCHANT SELLING PRICES) |
102 |
| CHART 50 | THE DOMESTIC KITCHEN FURNITURE MARKET 2003 TO 2008 – BY VALUE - £MILLION AT MERCHANT SELLING PRICES |
104 |
| CHART 51 | MARKET FOR IRONMONGERY AND MISCELLANEOUS PRODUCTS 2008 % BY VALUE (MERCHANTS SELLING PRICES) |
106 |
