Radiator & Boiler Manufacturing in the UK Industry Market Research Report Now Updated by IBISWorld

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Over the five years through 2012-13 revenue in the Radiator & Boiler Manufacturing industry has been adversely affected by the recession but expected investment returns in the housing and commercial building markets should see revenue return to modest growth over the next five years through 2017-18. For these reasons, industry research firm IBISWorld has updated its report on the Radiator & Boiler Manufacturing industry.

IBISWorld industry market research
Revenue growth returns as construction demand heats up

The Radiator & Boiler Manufacturing industry manufactures metal radiators, boilers, valves and pipework products for central heating in the building market. The industry and its competing imports supply about three-quarters of heating systems in the United Kingdom, with the balance being mainly electric or gas space heaters. Demand in the downstream building markets receives substantial stimulus from technological advancements in the production of energy-efficient boilers and radiator systems.

The industry is expected to generate revenue of £1.02 billion in 2012-13, down 8.1% from 2011-12. According to IBISWorld industry analyst Anthony Kelly, “demand for industry products has been adversely affected by the recession, but manufacturers have benefited from the introduction of government subsidies on changeover appliances and the tightening of regulations governing the environmental impact and efficiency of heating systems”. Industry revenue is expected to contract by an annualised 3.5% over the five years through 2012-13, contained by slumps in the value of new housing construction (6.6%) and non-residential building construction (7.1%).

The total UK market for central heating radiators and boilers is expected to decline by an annualised 2.5% over the five years through 2012-13, to be worth £1.67 billion, with imports capturing about 43% of domestic demand and export earnings contributing about 7.0% of industry revenue.

Kelly adds, “demand is expected to strengthen from 2014-15 onwards as investment returns to the housing and commercial building markets”. Industry revenue is forecast to return to growth over the next five years to 2017-18, marginally exceeding the recovery in UK GDP (2.0%) underpinned by an upwards trend in total building construction (2.5%).

The Radiator & Boiler Manufacturing industry is considered to have a medium concentration of ownership with the four largest players contributing approximately 54% of industry revenue. Major companies include Bosch Thermotechnology, Vaillant, Baxi Heating UK, Ideal Stelrad Group, Rettig (UK) and Quinn Group. Most of the significantly sized companies in the industry operate as subsidiaries to European parent firms.

For more information on the Radiator & Boiler Manufacturing industry, including latest industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation’s largest publisher of industry research.

IBISWorld industry Report Key Topics

Firms in this industry manufacture central heating radiators, boilers, control valves, pipework and parts for installation in residential, commercial, industrial and institutional buildings.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on many UK industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in London, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.co.uk or call (020) 3008 6568.

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Gavin Smith
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