Research and Markets: Market Tracking - Glass in Interior Construction in Europe Top 5 2011 - In 2011 The Market Declined By 0,3% Only

Research and Markets has announced the addition of the "Market Tracking - Glass in Interior Construction in Europe Top 5 2011" report to their offering.

Market for Glass in Interior Construction Stabilizes

After years of constant decline the market for glass in interior construction in Europe's core markets has finally stabilized. While the industry witnessed a dramatic slump of 20.8% in terms of quantity in the five surveyed markets, ie (GER, UK, FRA, ITA, ESP). This is tantamount to an output volume of 19.039.000 m with even an increase in terms of value due to a slight increase in sales prices. For 2012 Interconnection Consulting expects a further market consolidation, although the market is expected to decline by another 0.4% in terms of quantity.

Regional disparities define the overall picture

A closer look reveals that the markets developed very differently. While the German market grew by 5.2% in terms of quantity, the markets in France and UK grew by 2.8% and 1.4% respectively. In Italy the sales volume decreased by 2.7% whereas the Spanish market continued to slump by 16.1%.

Tracking down the reasons

The reasons for the regional disparities are a direct result of the work load prevailing in the construction industry and thus are closely correlated with the respective national economies. German GDP developed in the last year with outstanding pace which had a direct impact on the mood of consumers and investors. As a result, the number of private and public construction projects grew significantly, with 16.6% more building completions in the residential sector compared to 2010. No wonder the German market for sanitary facilities develops in line with this trend, said Dennis Rauen, author of study.

On the other side Spain is extremely lagging behind. Since the outbreak of the financial crisis Spain's real estate market is in the doldrums. Double-digit declines in the residential sector are a corollary of the fact that the Spanish market for glass in interior construction slumped year by year over the period of the last four years by -17.4%. While the Spanish market had a market share of 16.5% in the year 2007, in 2011 it was only 9.4%. This development is not likely to change within the next years. The unemployment rate is high and public funding to boost the construction market is likely to be pruned substantially, due to imposed budget slashing.

Countries Covered - France - Germany - Spain - Italy - UK

Contacts Research and Markets Laura Wood, Senior Manager. U.S. Fax: 646-607-1907 Fax (outside U.S.): 353-1-481-1716

600450 Research and Markets: Market Tracking - Glass in Interior Construction in Europe Top 5 2011 - In 2011 The Market Declined By 0,3% Only
Date: 21 March 2012

See more news about:

See more from these topics:

Others also read

Business conditions easing in the Northeast, but very strong in the rest of the country.
Plans have been unveiled for twin centres of excellence for glass in the north of England aimed at putting the UK at the forefront of global manufacturing.
On January 19, 2018, Signing Ceremony for Coestablishment of Smart Technology School Between Triumph Group and New Jersey Institute of Technology was held in New Jersey Institute of Technology.
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’.
Insight Data has published it’s long awaited ‘Fabricator and Installer Report’ which is the most authoritative and comprehensive analysis of the UK window industry and seen as the ‘bible’ of the industry.
According to the new report published by Zion Market Research, global building insulation market was valued at around USD 22.63 billion in 2016 and is expected to reach approximately USD 27.74 billion in 2022, growing at a CAGR of slightly above 3.45% between 2017 and 2022.

Add new comment