Within our definition, the market for door and window fittings has seen moderate growth of around 3% in 2017. This is lower than in 2016, in line with slowing growth rates for the construction market as a whole. 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 some steady growth in recent years, as consumer confidence and the economy improved.
Locks and handles represent the two major product sectors, together accounting for over half of the fittings market. Door closers now account for an estimated 15%, having shown stronger than average growth in recent years. New product development tends to be influenced by a number of factors including fashion, legislation and in response to technical issues. Higher security standards play a significant role in product development and improvement. Partnerships between manufacturers and fabricators also stimulate the development of new products.
Polarisation is a striking feature of this market which is characterised at one end by high value, high specification products and low cost, basic product ranges at the other end. Lower value sectors of the market continue to experience significant downward pressure on average prices due to increasing import penetration. The UK door and window fittings market has seen a slowing of merger and acquisition activity in the last two years, following a significant consolidation of suppliers in previous years, and the industry remains highly fragmented and competitive.
For 2018 and beyond, forecasts indicate marginal but positive growth, based on improving housing and construction markets – though growth will be constrained by price pressure and strong competition. The outlook for the UK construction market remains positive through to 2021, with improving growth for both residential and non-residential sectors from 2019, although ongoing uncertainty over the impact of Brexit on the wider economy continues to dampen forecasts for medium-term growth.