5 UK Roofing Market Trends & Highlights 2024-2028
Following the release of the UK Roofing Market Report 2024-2028, we have revealed 5 UK Roofing trends and highlights below.
The market is susceptible to potential issues including the rising cost of labour, given the shortage of skilled workers and elevated prices for suppliers, due to the high level of imported roofing products.
However, it is evident that the pace of growth in material costs has slowed more recently and the availability of most roofing materials has improved.
UK Roofing Market Trends & Highlights
By 2028, the UK roofing market is forecast to be worth over £1.3 billion at MSP, representing a CAGR of 2.06% when compared to the estimated market size in 2024.
Metal roofing is the largest sector of this market, accounting for an estimated 40% of the total market by value in 2024. Flat roof membranes have grown more recently and have around 32% share, roof tiles & slates and niche products represent the remaining 28% of the market.
Demand for roof tiles & slates is mainly dependent on new build and RMI work in the residential sector, while flat roof membranes and metal roofing is mainly used in non-residential applications.
There is a large number of very small, local roofing contractors and a relatively small number of national & large regional businesses. The competition between these companies is strong due to the high number of contractors operating within this industry.
With the challenging economic conditions, the UK roofing market is currently heavily reliant on RMI activity; roofing repairs or replacements are non-discretionary works that cannot be easily delayed or postponed.
“With the weak value of Sterling and the high level of imported roofing products, suppliers are likely to experience elevated prices in the short term. However, it is evident that the pace of growth in material costs has slowed more recently. The availability of most roofing materials has also improved.
Other potential issues include the rising cost of labour, given the shortage of skilled workers. However, in the medium-term improvements are anticipated, supported by government initiatives including increased construction worker visas and infrastructure development. Forecasts suggest the easing of inflation rates and the return of business confidence also potentially contributing to a more positive market trend.”
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UK Roofing Market Report – 2024-2028
£1,699.00 Exc. VAT Add to BasketThe 14th Edition of the UK Roofing Market Report 2024-2028 contains an assessment of the impact that the cost-of-living crisis and weak economy have on the UK roofing industry, including future implications for manufacturers, s...
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