The door & window fittings market is closely linked to the door and window fabrication and installation market and the glazing industry in general – a mature market which has shown negligible growth in recent years, as consumer confidence and the construction economy wavered due to uncertainties about the impact of Brexit.
The UK market for doors and windows is mature and has experienced a period of negligible growth since 2016 – brought about by a slowing economy and less positive forecasts for growth. Other factors impacting the market are fragmentation, competition, cost-management, building legislation, ‘green’ building, and diversification.
The UK door and window fittings market went through a period of consolidation in response to difficult trading conditions brought on by the last downturn in construction. However, the last two years have seen relatively little merger and acquisition activity in the UK, and the industry remains fragmented and highly competitive. In addition, UK manufacturers continue to face competition from imported products from lower-cost regions with regard to lower value products, particularly the Far East.
Growth is forecast to be broadly in line with the overall construction market, as areas of value growth are likely to be largely offset by ongoing price pressures due to lower cost imports and the highly competitive nature of the market.