The latest ‘Conservatory and Glazed Extensions Report 2018-2022’ from AMA Research highlights modest growth of the market increasing by 3% in 2018.
Last year the market offered a wide range of options for domestic projects including conservatories, glazed extensions with a solid or a glass roof, orangeries, verandas, loggias, hybrids etc.
RMI has played an important factor in this growth, as homeowners are opting to replace conservatories and glazed extensions with higher energy efficient roofs, windows and doors. Conservatories have lost their old image as a warmer garden room only to a year-round everyday living area. Key product features which have changed this view include improved thermal efficiency products, high specification self-cleaning glass, coloured frames, bi-fold opening doors, solid roofs, etc.
Market improvement in 2019 and beyond is likely to be determined by levels of house moving/home extension building, consumer confidence and growth in the retrofit/upgrade market – particularly if interest rates continue to remain at very low levels. Consumer confidence and disposable income will continue to be the main drivers in conservatory market demand and value growth in future years.
However, the future economic landscape is tempered by the uncertainty surrounding the commencement and potential effects of Brexit – these are more likely to be felt during 2019-21 and onwards as negotiations and changes in trade are affected and consumer confidence is affected.
The information was taken from the Domestic Conservatory & Glazed Extension Market Report -UK 2018-2022 by AMA Research, which is available to purchase now at www.amaresearch.co.uk or by calling 01242 235724.