Revenue is forecast to have climbed at a compound annual rate of 2.7% over the five years through 2022-23 to £19.7 billion, including growth of 3.3% in the current year, while the industry's average margin is set to be 10%. Supportive government policies aimed at bolstering the UK's housing stock have driven revenue growth in line with expanding residential construction activity. However, revenue prospects in the commercial sector have suffered from economic uncertainty, which has weighed on spending and revenue.Low heat: Significant inflationary pressures are expected to cause industry revenue growth to slow in 2022-23
Operators in this industry install plumbing, central heating and air conditioning for households and businesses. The industry includes additions, alterations, maintenance and repair, but does not include the installation of electric baseboard heating.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Major Markets
- Globalisation & Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Barriers to Entry
OPERATING CONDITIONS
- Capital Intensity
- Industry Data
- Annual Change
- Key Ratios
- JARGON & GLOSSARY
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Centrica plc
