New Market Research Report Reveals Growth in UK Street Furniture & Lighting Market

AMA Research is pleased to announce the release of a comprehensive market research report detailing the current state and future prospects of the UK’s street furniture and street lighting market. The Street Furniture and Lighting Market Report – UK 2024-2029 provides an in-depth analysis of the market’s growth, trends, and key drivers, with a particular focus on demand from local authorities.

Market Overview

The report reveals that the UK street furniture and street lighting market was valued at £664 million in 2024, marking a 2% increase from the previous year. Despite this growth, the market has not fully recovered to its pre-pandemic value of £666 million in 2019. Between 2020 and 2024, the market saw an overall increase of almost 13%, reflecting a robust recovery trajectory.

Street Furniture Market Insights

Total sales of street furniture in 2024 reached an estimated £428 million. While the market grew by around 4% during the year, it remains below the 2019 level of £444 million. Local authorities are the primary consumers, accounting for nearly 77% of the market, although this share has decreased from 79% in 2019 due to budget constraints and the rising demand from other sectors such as residential developments and transport infrastructure.

Street Lighting Market Insights

In 2024, the UK street lighting market was valued at £335 million, slightly surpassing the street furniture market. This sector includes installation, maintenance, and replacement costs and plays a crucial role in enhancing safety and security in urban environments. The market comprises around 7.2 million units, highlighting its significant scale.

Key Trends and Drivers

The report identifies several key trends influencing the market:

• Economic Fluctuations: Sales of street furniture products are sensitive to economic conditions, with local authorities prioritizing essential replacements over new projects.
• Housebuilding Activity: Ongoing residential development projects continue to drive demand for street furniture, with significant schemes underway in Manchester, Edinburgh, and Northamptonshire.
• Sustainability Initiatives: Increasing emphasis on sustainable communities and outdoor living spaces is boosting demand for eco-friendly street furniture made from recycled and sustainably sourced materials.
• Smart Cities: The growth of smart city initiatives is fostering the integration of connected solutions in street furniture and lighting, enhancing urban management and service delivery.

Market Participants

The market features a mix of approximately 500 companies, from large suppliers like Glasdon (UK), Marshalls, and Broxap to smaller firms specializing in niche products or materials. Imports, particularly from Asian countries, also play a significant role in the market, especially for lower-cost items.

Challenges and Opportunities

The report highlights challenges such as budget pressures on local authorities, with spending exceeding funding in recent years. However, future prospects are bright, with potential boosts from initiatives like the £36 billion Network North plan, aiming to improve road infrastructure in northern England and the Midlands.

Conclusion

The UK street furniture and street lighting market is on a steady recovery path, driven by a combination of economic recovery, sustainable development trends, and technological advancements. The report provides valuable insights for industry stakeholders, helping them navigate the evolving landscape and capitalize on emerging opportunities.

AMA Research is a leading provider of market research and consulting services, specializing in the construction and building products industry. With over 30 years of experience, AMA Research delivers high-quality, data-driven insights to help businesses make informed decisions.