Rapid Growth In The Commercial Glazing Sector To Stall – Palmer

Rapid Growth In The Commercial Glazing Sector To Stall – Palmer
Photo source
www.palmermarketresearch.co.uk
A new report from Palmer Market Research suggests that the rapid growth seen across the commercial glazing sector may be about to stall in ‘some areas’.

According to the new The Commercial Glazing Markets 2017, published at the end of last year, four –years of consistent growth meant that the commercial glazing market was 16% up on 2012, while in installed value, it jumped by more than 41%.

The report, which charts the performance of windows, curtain walling, roof glazing, shop fronts and entrance doors, shows that even over the last two years growth was as high as 6% and 10% respectively.

This, the report’s authors argue, was driven by a ‘resurgence in the commercial offices sector’and to a lesser extent the education sector, the two single largest areas of the market.

They state, however, that the unexpected result of the Brexit referendum has to a greater or lesser extent, depending on segment within it, hit confidence throughout the commercial glazing sector.

 

Graph – Commercial Glazing Market in Great Britain 2010 to 2021
Installed Value £bn

Graph – Commercial Glazing Market in Great Britain 2010 to 2021

Robert Palmer, Managing Director, Palmer Market Research, said: “The outcome of the Brexit referendum was unexpected and that appears to have had a direct impact on the commercial glazing sector.

“This appears to be particularly acute in commercial office space, as large employers hedge their bets as to the nature of Brexit and put plans for new development on hold.”

Pressure on public sector budgets is also cited by the report as limiting the availability of funding for major capital spends. The report’s authors also highlight a squeeze on the high street as retailers shift more of their business online.

Things are not, however, entirely gloomy. “It would be wrong to write-off the commercial glazing sector. There are and continue to be sizeable pockets of growth. Our forecasts have, however, changed significantly since the Brexit vote and we predict that it’s effects will continue to be felt for the foreseeable future.

The Commercial Glazing Markets 2017 edition is available from Palmer Market Research now.

Order the 2017 edition of Commercial Glazing Markets report - ORDER NOW

600450 Rapid Growth In The Commercial Glazing Sector To Stall – Palmer glassonweb.com

Others also read

As in 2016, Sparklike will also be participating in this year's Engineered Transparency, where Sparklike's Sales Director, Mr. Mauri Saksala will be presenting the paper Independent Testing of Sparklike Laser™ – Non-destructive Insulating Glass Gas Fill Analyser.
The 2017 annual report of Şişecam Group, was awarded the "Bronze" prize in ARC (Annual Report Competition), one of the world's most prestigious annual report competitions and organized by MerComm this year for the 32nd time.
Unique Window Systems will contribute towards the development of the Brookfield Campus, securing a second major contract as part of the University of Leicester’s campus transformation plans.
West Midlands based Excel Glazing has become a Swish fabricator and will be manufacturing Swish’s popular 24/7 windows, doors, conservatories and bi-folding doors.
Vitral’s roof skylight and glass-roof systems are a good supplement to the VELUX Group’s Modular Skylight System (VMS) for the commercial market.
Part of Modplan’s portfolio includes patios and bifolding doors which are manufactured in Modplan’s dedicated door plant based at the company’s headquarters near Newport, Gwent.

From industry

10301 North Enterprise Drive
Mequon, WI 53092
United States

NEWS RELATED PRODUCTS

Thermoseal Group Ltd.
Wrightstyle Ltd.
Thermoseal Group Ltd.
Thermoseal Group Ltd.

Add new comment