HARDWARE & PLUMBING
T
he performance of the UK pipes and fittings
trends
market
is and has always been influenced by the overall
in the housebuilding market, non- residential construction sectors, as well as the levels of refurbishment and home improvement, including niche market drivers such as the self- build and conservatory markets. Growth in the pipes and fittings market in 2019 showed an increase of nine percent since 2015. However, 2020 is proving to be a tough year for growth in all construction sectors. With the end of 2019 winter storms, many of which closed down some sites
entirely. Brexit
took up most of the start of 2020 continuing to cause top decision makers to waiver. The Covid-19 pandemic is continuing to cause issues throughout the country, even with the newest government advice on how to re-open businesses things remain uncertain. Michelle Turner, Market Research Analyst at AMA Research, states: “The short-term outlook for the UK pipes and fittings market remains weak, with construction output in 2020 likely to be heavily affected by delays caused by the coronavirus (Covid-19) pandemic and will be felt in some ways through until 2024; however as market trends look set to continue and projects are largely delayed as opposed to cancelled, forecasts are for output to be widely spread over the forecast period and remaining positive.”
Market share
Plumbing pipe system products hold a larger share of the market versus rainwater, soil and waste products. However, with the increasing focus on green systems and eco-friendly solutions it will be interesting to see how this may change or even if it does. It is worth noting that only two market leaders currently share 50 percent of the pipes and fittings market with the rest of the market being held by smaller companies. Builders’ merchants are the ones that dominate the distribution mix within the pipes & fittings market.
GROWTH FLOWING WITHIN THE PIPES & FITTINGS MARKET
In its latest industry report, AMA Research, a leading provider of market research and consultancy services, has found that there was a significant growth in the pipes and fittings market last year and that online plumbing sales have also increased during the Covid-19 pandemic.
Internet plumbing retailers reaping the benefits of lockdown The Internet is the fastest growing channel of the overall UK plumbing & heating products market and has experienced strong growth levels over the last decade of above 35 percent over the last three years. Despite the uncertain economic climate exacerbated by Brexit in the last three to four years, the UK Internet plumbing & heating market has continued to grow. With lower prices and added convenience, Internet retailers have been able to capitalise on changing consumer cross-channel shopping habits with a notable shift towards online purchases.
The number of specialist Internet plumbing suppliers has continued to consolidate as this market matures, with the leading players taking greater market share. Specialist suppliers account for the largest proportion of plumbing and heating products sold online, some of which still offer a showroom for potential and current customers to view
www.diyweek.net
products first-hand, thus enabling them to
compete with standard
retailers. However, two thirds of these specialist suppliers are pure- play retailers with no showroom area, this is most commonly used to assist them in keeping costs down.
Push towards online purchasing Shower controls and taps account for the largest proportion of sales in value terms. Bathroom furniture and
accessories
popular product categories. The products following on in succession are baths and heating products
of Covid-19 is not something many markets are able to do, but the internet plumbing market is one of the few. Thanks to the enforced push towards online purchasing as a result of lockdown procedures and the increased DIY activity seen amongst consumers as a result, internet plumbing will experience good growth in 2020 and further into the forecast period.”
are the next
sanitaryware, such as boilers
and standard radiators, shower enclosures, screens, trays and wet room products, towel warmers and decorative radiators. Online
plumbing specialists
continue to expand the number of plumbing brands they supply, in
addition to
products, which is helping them offer
competitive
their own-brand pricing
throughout. Michelle Turner, editor of the Internet Plumbing Market Report comments: “Reaping the benefits
About AMA Research AMA Research is a leading provider of market research and consultancy services with over 25 years’ experience within the construction and home improvement markets. For more information, go to www.
amaresearch.co.uk or follow on Twitter @AMAResearch for all the latest building and construction market news.
For more information or to purchase this report please visit
www.amaresearch.co.uk or call 01242 235724.
OCTOBER 2020 DIY WEEK 19
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