AM26104

AMA RESEARCH Market Report : UK Door and Window Fabricators : July 2004

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Brief Description

AMA Research have published the 2nd Edition of the 'Door & Window Fabricators Market - UK 2004 Report' - incorporating original input and primary research, it represents an up-to-date and informed report on the fabrication sector, covering both the residential and non-domestic markets.

Over 130 pages and 40 charts & tables, the report covers the following sectors:-

Residential Windows and Doors, Conservatories, Commercial Windows, Curtain Wall, Ground Floor Treatments, Roof Glazing etc.

Analysis of these sectors by frame material and by application covering home improvement, housebuilding, private sector, public sector and private commercial and industrial markets.

Extensive coverage of suppliers in the door and window manufacturing/fabrication industry including retail glazing companies, trade PVC-U systems fabricators, joinery manufacturers, aluminium systems fabricators, and specialist manufacturers.

In recent years, the overall growth rate has largely been fuelled by strong performances in the domestic conservatory, curtain wall, roof glazing and commercial windows sectors. While the non-domestic market has been relatively buoyant in recent years - underpinned by high levels of construction output in the commercial office, education and health sectors - the domestic window market has largely been flat reflecting the sector's maturity.

Executive Summary

This is the second edition of the UK Window and Door Fabricators' Market, the aim of which is to provide coverage and analysis of trends in the UK windows and doors market from the fabricators' perspective. All values are given at trade prices, equivalent to fully glazed/pre-installation levels, although of course this is not the standard measure used in evaluating market sizes.

There are several limitations in assessing the market this way, mainly the difficulties in translating values for the various commercial glazing product sectors from installed prices to trade prices. While residential doors and windows are relatively standard products, supplied in large volumes at comparable prices, commercial glazing products are less standardised. In particular, the atrium glazing and curtain wall markets are more volatile than most other product sectors, characterised by relatively fewer but higher value contracts carried out over periods of up to 2 years. Size and input mixes vary between projects and we can, therefore, only estimate average mixes between labour, materials and other factors in establishing trade price equivalents.

The other main limitation in attempting to provide an overall market view is that the residential and non-domestic doors and windows markets are largely mutually exclusive. That is, the various product types and fabricators are, to varying extents, exclusive to either the residential or non-residential markets. For example, around 95% of conservatories are used for residential applications and around 90% of curtain wall is used on commercial and industrial projects.

Given these limitations we estimate that, at trade prices, the windows and doors fabrication market grew by 3% in 2003 to around £2.8bn. This represents a slowing down in the average growth rate, which is expected to continue over the next three years.

During the mid-late 1990s, the overall growth rate has largely been fuelled by strong performances in the domestic conservatory, curtain wall, roof glazing and commercial windows sectors. The non-domestic market has been relatively buoyant in the 2001-03 period, underpinned by high levels of construction output in the commercial office, education and health sectors, though the domestic replacement and housebuilding sectors have been less positive.

In particular, the residential windows and doors markets - with estimated shares by value of 27% and 7% respectively - have been almost static during the last few years, although volumes have been relatively steady. Prices and margins are under pressure throughout the distribution chain, particularly for PVC-U, underpinned by intense levels of competition and over-capacity, especially within the direct sell market. In the residential windows and doors markets, growth opportunities for fabricators are becoming increasingly limited as the replacement sector is very mature, especially in the homeowning sector. The newbuild market is relatively small by comparison, and so the anticipated upturn in the housebuilding market is unlikely to offset growing pressure on the replacement sector.

Conservatories continue to offer good prospects in the domestic sector, with strong growth in the sector sustained in 2001-03. Rising interest rates in late 2003/early 2004 may have an adverse impact on this sector, but market penetration levels are low and the product remains high on homeowners preferences for home improvements.

Health and education have provided major market opportunities in the last 3 years, and are forecast to experience further growth in the medium term. However, the next General Election is likely to be held by Summer 2005, which may result in a slowdown in capital expenditure in the pubic sector if a Conservative Government is elected. Growth in the public sector will generate increase demand for aluminium and PVC-U commercial windows and low-rise curtain wall. The commercial office sector, which has recorded positive growth over a number of years, has, however, suffered a downturn in 2002-04 and this will affect demand for windows.

The supply sector is very fragmented as it comprises vertically integrated retail glazing companies, PVC-U systems trade fabricators and fabricator/installers, aluminium systems fabricator/installers, bespoke glazing contractors, composite door manufacturers, commercial glazed door manufacturers, rooflight manufacturers, steel window manufacturers and major joinery companies.

The industry is highly competitive and while there has been some consolidation in the industry, there is still likely to be further rationalisation. In particular as the domestic replacement market matures, there are likely to be companies exiting the industry and or further mergers/acquistions. The retail glazing sector is itself very fragmented, the leading 7 suppliers only having a combined market share of around 30%, led by Anglian.

The PVC-U trade fabrication is also highly fragmented, with leading players such as Shepley, Speedframe, Griffin Windows, Sash UK, Coastal, CWG -Corby Windows Group and John Fredericks etc. typically having shares of 1-3% of the domestic doors and windows market. The growing number of 'super-fabricators' is leading to gradual consolidation, as is the fact that a number of smaller fabricators are withdrawing from manufacture to focus on installation. In 2003, Shepley Windows acquired Interframe Ltd, the Paignton based trade fabricator. The combined turnover of the two operations is around £40 million, with a workforce of over 500 employees, which makes it the largest player in the sector currently.

The aluminium fabrication industry is largely focused on the non-domestic market, as the use of aluminium in the domestic sector has lost share to PVC-U alternatives. In recent years, this sector has been marked by a large loss of capacity with around 10 major players no longer in operation. There are no dominant companies in this sector, but key players include: Solaglas, AC Yule, Parry Bowen, Dane Architectural Systems, SLW, CAP Aluminium and Charles Henshaw.

The other key supplier sector is the joinery industry, largely selling timber windows and doors to the builders merchants and DIY markets, although the leading players have diversified into PVC-U and composite materials as demand for timber products has declined. Key suppliers are Magnet, Jeld-wen UK, Premdor etc.

In terms of materials, PVC-U is considered to have reached its peak in many markets, particularly the domestic market. Aluminium has a particularly strong share of the commercial market, however, where its strength makes it suitable for structural glazing projects. Timber, whilst losing share in the past, has retained a share of the market, helped by some HA/LA specification of timber for doors and windows, advances in timber treatments and the traditional appeal of wood.

List of Contents

1	INTRODUCTION
2	SUMMARY
3	ECONOMIC ENVIRONMENT
3.1	GDP
3.2	INFLATION & INTEREST RATES
3.3	UNEMPLOYMENT
3.4	HOUSEHOLD CONSUMPTION
3.5	HOUSING & CONSTRUCTION
3.6	POPULATION PROFILE
3.7	CONCLUSIONS
4	THE MARKET
4.1	MARKET SIZE
4.1.1	Market Definition
4.1.2	Market Trends
4.1.3	Market Segmentation
5	PRODUCT MIX
5.1	RESIDENTIAL WINDOWS
5.1.1	Overall UK Market for Residential Windows
5.1.2	Replacement Market for Residential Windows
5.1.3	Newbuild Market for Residential Windows
5.2	COMMERCIAL WINDOWS
5.3	RESIDENTIAL ENTRANCE DOORS
5.3.1	Overall Market for Residential Entrance Doors
5.3.2	Replacement Market for Residential Entrance Doors
5.3.3	Newbuild Market for Residential Entrance Doors
5.4	CURTAIN WALL
5.5	PATIO DOORS
5.5.1	Overall Market for Patio Doors
5.5.2	Patio Door Market Volumes
5.5.3	Patio Door Frame Materials
5.6	CONSERVATORIES
5.6.1	Overall Market
5.6.2	Residential Market for Conservatories
5.7	GROUND FLOOR TREATMENTS
5.8	ROOF GLAZING
6	SUPPLY AND DISTRIBUTION
6.1	RETAIL GLAZING COMPANIES
6.2	PVC-U SYSTEMS FABRICATORS
6.2.1	Leading PVC-U Systems Fabricators
6.3	JOINERY MANUFACTURERS
6.4	ALUMINIUM SYSTEMS FABRICATORS
6.5	STEEL WINDOWS MANUFACTURERS
6.6	SPECIALISTS
6.6.1	Bespoke Façade And Roof Glazing Companies
6.6.2	Composite Door Manufacturers
6.6.3	Rooflight Manufacturers
6.6.4	Glazed Commercial Entrance Door Systems Suppliers
6.7	OTHERS
7	FUTURE PROSPECTS

Tables and Charts

Text © 2004 AMA Research

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Last updated by Amanda Porteous 2004