The residential doors market is mature, dependent on new housebuilding and home improvement and stimulated by the development of new materials, styles and applications for doors. The experience in 2016-19 has been for steady growth in demand driven by large-scale increases in house completions and RMI with home improvements boosted by a rise in consumer spending.
Here are our 5 Key facts:
1, Residential door demand grew steadily 2015-2019 with value growth rising 21% driven by a high level of new building work and RMI underpinned by good consumer confidence levels and attractive product developments and features including thermal efficiency improvements, better security, colour and texture enhancement and a continuing high demand for bi-folds and composite doors.
2, The effects of the Covid-19 pandemic from early 2020 led to lockdowns and Tier restrictions that severely depressed the UK economy and in turn led to a sharp decline in the residential door market for that year.
3, Residential construction generally able to work through the pandemic helped maintain a lower level of demand for doors combined with replacement demand from homeowners and social housing but tempered by delays in product availability and Covid-19 restrictions on installations.
4, Suppliers further developed their digital platforms to ease product availability bottlenecks but some major suppliers already under pressure in a mature over-supplied market were pushed further by the economic effects of the pandemic leading to a number falling into administration and liquidation 2019-2020.
5, The supply structure for residential doors remains complex and fragmented but increasingly competitive with the market outlook positive with steady growth 2021-2025 supported by a gradual ending of the pandemic and a positive end to Brexit negotiations and trade agreements impacting on improved housing investments and consumer confidence.