Growth in the Commercial and Industrial Doors and Shutters market has followed an upward trend 2012 to 2016 but data indicates that the growth rate is slowing in 2016-17. The commercial and industrial door and shutter market is still recovering from recessionary effects which were felt through to 2012 when the market saw a decline of almost 20% from the peak value of 2008. Industrial doors managed to regain their pre-recession level in 2016 but commercial and personnel access doors still remain below the 2008 peak.
Key factors underpinning growth in the market have included non-residential new build which has seen output increase since 2012. Private commercial construction has been another growth area with private industrial new work seeing a significant increase since 2012 onwards. Moreover, private non-residential RMI saw reasonable expansion in 2016, its 6th successive year of growth, albeit levels are still significantly below the levels reached before the recession indicating some further way to full recovery. Additionally, sub-sectors within manufacturing such as transport, aviation and food production have helped sustain construction demand for a variety of door products from high insulated systems for refrigerated units, to large transport warehouse industrial doors. Furthermore, the chemicals and pharmaceuticals sectors also require very high-quality door systems and materials including high value specialised hygienic products developed for use in these industries.
In general terms, the industrial doors market has demonstrated erratic trends at times with demand sometimes bucking an otherwise falling economic trend with rising demand. More importantly an underlying steady level of servicing and maintenance expenditure which is necessary in this sector has also contributed to smooth out demand. In regard to specific market trends, changes to Building Regulations and increased requirements in terms of security as well as sustainability issues have placed an increasing emphasis on higher-quality products, as well as assisting market growth.
Looking forward, the market outlook for commercial and industrial doors is positive but forecasts indicate only modest growth in the short-medium term. The outlook is based on a slowing trend of new construction orders and the uncertainty affecting business confidence and investment levels as a result of the Brexit process. Additionally, whilst over the last 2-3 years some manufacturers have been able to pass on some price increases to the market, the outlook is for increased pressure on prices as manufacturers/suppliers compete for share with price inflation likely to be added for some imported products.