Single glazed: Industry revenue is forecast to slow in 2023-24, as spending pressures remain strong
Revenue is forecast to expand at a compound annual rate of 2.7% over the five years through 2023-24 to £1.9 billion. The pandemic led to a 14.9% decrease in construction activity in 2020 due to lockdowns as per ONS data, significantly affecting glazing contractors, especially in the residential and commercial sectors. Despite a 12.8% resurgence in construction in 2021 according to the ONS, weak economic conditions and inflationary pressures reduced the growth rate to 5.6% in 2022.
Operators in the industry are mainly engaged in the installation of glass and glass products such as glass panels and mirrors. Industry activities may involve new work, additions, tinting glass, maintenance and repairs. The industry excludes the installation of unglazed window frames.
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
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Permasteelisa (UK) Ltd
Methodology
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