
The performance of the roofing market is
strongly linked to construction levels and the recent decline
in construction has adversely impacted on the value of
the roofing market in the 2008-2010 period.
The roofing market was valued at around £1,372
million at its peak in 2007, but by 2010 this had fallen to an
estimated £1,035 million.
The domestic roofing market has declined as
housing starts and completions have fallen sharply, caused
initially by the onset of the financial crisis, but
accentuated and prolonged by an over-valued property market
and difficulties in obtaining finance.
An increasing proportion of domestic housing
completions are flats and apartments and this has led to a
decline in the number of pitched roofs and consequently, a
reduction in the overall roofing area. Domestic RMI also
slowed as the financial crisis deepened.
The education and health sectors continued to
support demand for roofing products as the housing sector
declined, but recent Government spending restrictions have
already begun to affect these areas.
Metal roofing and roof tiling remain the key
sectors of the roofing market, with roof tiles dominating
the domestic sector and metal roofing dominating
non-domestic construction. In overall terms metal roofing
systems account for 42% of the market in value terms,
compared with roof tiling with 35% of the market.
The commercial and industrial sectors
currently account for 57% of the market, with the domestic
market accounting for the remaining 43%.
Imports are significant in some sectors of
the roofing market, particularly slate tiles, where imports
totalled £72.8m in 2008 and bituminous roofing felts with
imports of £35.1m in 2009.
Direct supply is a key distribution channel
for roofing products, particularly for larger roofing
contractors working on major projects or for those who have
developed a relationship with specific manufacturers.
The total roofing market is expected to
deteriorate further in 2011 – by around 2% - to reach £1,012m,
with a modest recovery in the housing sector towards the end
of the year being more than offset by continuing contraction
in the non-domestic sector. Although the housing sector is
expected to show consistent growth from 2011 onwards, the
number of completions forecast for 2015 is expected to be well
below the recent peak year of 2007.
The total roofing market is forecast to show
modest growth in the period to 2015, reaching £1,172m, with
roof tiling regaining its position as the major sector and
accounting for 41% of the market with sales of £483m. The
metal roofing sector is forecast to have a market size of
£434m by 2015, accounting for 37% of the total market.