Growing consumer confidence, a burgeoning housing market and a low interest rate environment helped boost the domestic glazing market in 2013, and the latest research is predicting growth will continue through to 2018.  Robert Palmer, director of Palmer Market Research, said: “We’re entering the longest period of prolonged growth for this market since the nineties.”

The market dramatically switched to growth in the second quarter of 2013, ending up for the year nearly 5% higher at £3.78 billion.  Government initiatives, in particular the Help to Buy scheme, have had an important impact.

Rising interest rates over the next few years will be something of a dampener, however the market is still forecast to be 50% bigger in 2018 than it was in 2013.

Demand for home improvement finance likely to increase further

The strengthening housing market is also helping home improvements as homeowners have the confidence to invest in their properties again. The higher number of housing transactions boosted the replacement market which saw growth for the first time in ten years. Overall the home improvement market will grow by nearly a fifth between 2013 and 2018.

Glass & Glazing Product Trends:

This article is based on a press release issued by Palmer Market Research. You can buy a copy of their full 2014 Window, Door and Conservatory Markets in Housing in Great Britain report by visiting their website.