2023
9
UK Residential Windows and Doors Market Report 2023
2023-07-07T04:04:47+01:00
OX1158175
1495
164793
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Report
en_GB
“The cost of living increases are now mitigating against the important, but mature, replacement sector that was previously disrupted by the pandemic, but then recovered strongly. The most heavily impacted…

UK Residential Windows and Doors Market Report 2023

£ 1,495 (Excl.Tax)

Description

“The cost of living increases are now mitigating against the important, but mature, replacement sector that was previously disrupted by the pandemic, but then recovered strongly. The most heavily impacted households by the cost of living crisis are not the primary target market of the replacement industry, but mortgage cost increases are broadening the profile of strongly impacted households while energy cost rises are making investment payback shorter. Nonetheless, the potential for house price deflation is restricting property transactions, a known stimulus for home improvements and restricting new build activity.”

– Terry Leggett, Principal Analyst

Key issues covered in this Report:

  • The impact of the macroeconomic changes on the UK residential windows and doors market and key sub-sectors
  • The development of triple glazing and its role in reducing household energy costs
  • How the market is expected to develop over the next five years in light of the cost-of-living issue, combined with the important issue of house price changes and climate change initiatives
  • Trends in the residential windows and doors industry in what remains a highly fragmented sector

Table of Contents

  1. Overview

    • Key issues covered in this Report
    • Products covered in this Report
  2. Executive Summary

    • The five-year outlook for residential windows and doors
      • Figure 1: Category outlook, 2023-27
    • The market
    • Market size and forecast
      • Figure 2: Market size of residential windows and doors, 2017-27 (£ billion)
    • Replacement market
      • Figure 3: Market size of replacement residential windows and doors, 2017-27 (£ billion)
    • New build/RMI market
      • Figure 4: Market size of new build/RMI residential windows and doors. 2017-27 (£ billion)
    • Companies and brands
    • Structure – extrusion
      • Figure 5: Major PVC-U and aluminium extrusion companies, 2023
    • Structure – fabricators
    • Structure – installers
      • Figure 6: Market shares of double glazing installers, 2022 (%)
  3. Issues and Insights

    • Will the energy crisis and/or government encourage triple glazing?
      • Figure 7: Typical triple glazed window costs, by house size, May 2023 (£s)
    • Industry structure changes
      • Figure 8: Timber and PVC-U framed windows and doors price growth, April 2021-March 2023 (index, 2015 = 100)
      • Figure 9: Replacement windows and doors purchase reasons, 2022 (% identifying reason)
      • Figure 10: Channels buyers use to compile a list of potential installers, 2022
  4. Market Size and Performance

    • Market size
      • Figure 11: Market size for residential windows and doors, 2017-22 (£ billion)
  5. Market Forecast

    • Changed conditions
      • Figure 12: Category outlook, 2023-27
    • Difficult short-term prospects
      • Figure 13: Market forecast for residential windows and doors (£ billion)
  6. Market Segmentation – Application

    • Different markets and influences
      • Figure 14: Segmentation of residential window and door market, by application, 2016-21 (£ billion)
    • Direct sell replacement
    • The background
    • Recent market developments
    • New construction
    • RMI
  7. Market Segmentation – Materials

      • Figure 15: Material segmentation of window frames, 2022 (£ million)
      • Figure 16: Typical replacement cost comparison of window styles, 2023 (£s at installed price)
      • Figure 17: Material segmentation of doors and door frames, 2022 (£ million)
  8. Market Drivers

    • Overview
    • General economic climate
    • Inflation will continue to eat into consumer spending power over the course of 2023
    • Further interest rate increases will hit mortgage-holders
    • High inflation and rising interest rates will compound the impact of the slowing recovery
    • Consumer spending power will be curbed
    • Low unemployment is helping underpin
    • Consumers’ financial wellbeing has fallen from the highs of 2021…
      • Figure 18: Household financial wellbeing index, 2016-23
    • …and most people are feeling the effects of price rises
    • New housebuilding
      • Figure 19: Housing completions in England, by sector, 1962-2022 (number)
    • Housing stock
    • Volume
      • Figure 20: Housing stock, by country, 2017-23 (000s)
    • Distribution
      • Figure 21: UK housing stock, by region, 2022 (000s)
    • House price inflation
      • Figure 22: House price inflation, 2017-23 (Annual % change by month)
    • House moving
      • Figure 23: Residential property transactions, 2017-23 (number by month)
    • Ownership
      • Figure 24: Dwelling stock in England, by tenure, 2021 (% of total)
      • Figure 25: Percentage of properties to have full double glazing, by tenure of property, 2019 (%)
    • Property type and size
      • Figure 26: Composition of UK housing stock, by type of property, 2017
      • Figure 27: Percentage of properties to have full double glazing, by type of property, 2019
    • Age structure
      • Figure 28: Dwellings in English and Welsh regions, by build period, 2021 (%)
      • Figure 29: Percentage of properties to have full double glazing, by period of build, 2019
    • The extent of double glazing
    • RMI expenditure
    • Public housing
      • Figure 30: RMI expenditure on public housing, 2017-22 (£ million and indexed against 2017)
    • Private housing
      • Figure 31: RMI expenditure on private housing, 2017-22 (£ million and indexed against 2017)
    • Domestic energy prices
      • Figure 32: Default energy tariff cap announcements and levels, 2019-23 (£)
      • Figure 33: Average domestic gas and electricity bills, 2017-22 (£s)
  9. Industry Structure

    • Background
    • Structure – extrusion
      • Figure 34: Major PVC-U and Aluminium extrusion companies, 2023
    • Structure – fabricators
    • Structure – installers
      • Figure 35: Market shares of double glazing installers, 2022 (%)
    • Structure – conservatories
    • Diversifications
  10. Company Profiles

    • Anglian Windows/Anglian Home Improvements Group
    • Activity
    • Performance
      • Figure 36: Financial performance of Anglian Windows, 2018-22 (£ 000)
    • Strategy
    • Epwin Group
    • Activity
    • Performance
      • Figure 37: Financial performance of Epwin Group, 2018-22 (£ million)
      • Figure 38: Segmentation of revenues of Epwin Group, 2022 (£ million)
    • Strategy
    • Everest 2020
    • Activity
    • Performance
    • Strategy
    • Jeld-Wen
    • Activity
    • Performance
      • Figure 39: Financial performance of Jeld-Wen UK, 2017-21 (£ 000)
    • Strategy
    • REHAU
    • Activity
    • Performance
      • Figure 40: Financial performance of REHAU, 2017-21 (£ 000)
    • Strategy
    • Safestyle
    • Activity
    • Performance
      • Figure 41: Financial performance of Safestyle, 2018-22 (£ million)
    • Strategy
  11. Appendix – Data Sources, Abbreviations and Supporting Information

    • Abbreviations
  12. Appendix – Forecast Methodology

    • Market forecast and prediction intervals
      • Figure 42: Forecast residential windows and doors market, 2022-27 (£ billion)
    • Market drivers and assumptions
  13. Further Sources and Contacts

    • Trade magazines

About the report

This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.

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*databooks not available with UK B2B Industry reports.

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