The UK door and window fittings market has recorded a moderate increase of 2 per cent in 2015.
According to AMA Research, the sector has remained competitive but also very fragmented in terms of product range, specification standards and routes to market.
The two major product sectors – locks and handles – have together accounted for over 50 per cent of the fittings market.
Jane Tarver, AMA Research, commented:
“For 2016 and beyond, forecasts for the total door and window fittings market indicate modest but positive growth, based on improving housing and construction markets – though growth will be constrained by price pressure and strong competition.”
“In addition, further changes to building regulations and standards are likely to provide continuing opportunities for higher specification products into the medium-term and beyond”.
The firm noted that although the general public still buy door and window fittings at the retail level, the bulk of the market is trade-based with supply into the door and window fabricator sector a key channel.
The private sector is forecast to drive growth into the medium-term with the improvements in consumer confidence and spending and the demand created by the new housing market.
The commercial sector’s strong growth – particularly office construction – had resulted in the trend towards higher specification products to become a key driver for growth, concluded the research.