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Heating Spares Market Report - UK 2013-2017 Analysis 

  • December 2013
  • 72 pages
  • AMA Research
Report ID: 3516881

Summary

Table of Contents

AMA Research are pleased to announce that “Heating Spares Market Report – UK 2013-2017 Analysis”, has been published. The report represents a unique, informed and up-to-date review of the market and offers excellent value for money.Key product areas covered in the report include:

Boilers – PCB, heat exchanger, pumps, relief valves, thermostats, diverters, pressure switches, burners, solenoids etc
Solid fuel – Solenoid valves, thermostats, pumps, sensors etc.
Water Heaters – timers, elements, switches, valves, temperature
and pressure relief valves etc.
Consumables – Washers, gaskets, O rings etc.
The heating spares market is highly complex comprising a wide range of products with some of the major merchants supplying around 50,000 products. The market is substantial and the estimated total value of UK market for heating spares was more than half the boiler market size during 2012.In contrast to other products in the heating sector, the heating spares market has performed relatively well in recent years. This is primarily due to the essential nature of heating spares for the adequate provision of hot water and heating, with consumers less likely to defer such a purchase. In addition, consumers are more likely to replace parts and prolong the life of the boiler during times of economic uncertainty rather than replace the boiler at significant cost.

Of particular interest:

Key influences on the market including the weather, technological developments, legislation and environmental issues.
A high level of imports of boiler parts and unbranded, generic heating spares and the impact on the level of price competition in some sectors.
A high level of market penetration, particularly in the central heating sector, along with a range of heating systems installed across the UK supports a wide variety of products in the spares sector.
Product development in the heating sector, in order to comply with legislation, energy efficiency measures etc, and technology and the impact on the heating spares market in the longer term.

Companies included:

Abacus Direct, ACV, Ariston Thermo Group, Armstrong Integrated, B & Q, Baxi Heating, BHL, Biasi UK, Broag UK, Calpeda, City Electrical Factors, Danfoss Randall, Double Quick, Edmundson Electrical, Ferroli UK, Glen Dimplex Group, Grafton Group, Grant Engineering UK, Grundfos, Heat and Plumb, Heatline, Homebase, Honeywell UK Heating Controls, Ideal Stelrad Group, Invensys Controls Europe, Jaga Heating Products, JIS (Europe), Johnson and Starley, Kermi, Kudox, Lowara UK, MHS Boilers, MHS Radiators, Myson Radiators, Pegler Yorkshire Ltd, Plumbworld, Pulsar Direct, QS Supplies, Quinn Radiators, Radiating Style, Radox Radiators, Ravenheat, Rexel Group, Saint-Gobain Group, Salus Controls UK, Screwfix Direct, Secure Controls UK, Siemens Building Technologies, Sime, Smedegaard, Strebel, Sunvic Controls, TFC Group, The Discount Heating Group, The Radiator Company, Timeguard, Travis Perkins, Tuscan Foundry Products, Ultra Finishing, Vaillant Group UK, Viessmann, Vogue UK, Vokera, Wickes, Wilo UK, Wolseley Group, Worcester Bosch Group, Zehnder.

Key areas covered in the report include:

HEATING SPARES MARKET
Overall market size, trends and forecasts – value of the market size and forecasts from 2007 to 2017.
Key products and suppliers – boiler manufacturers and market shares.
Imports and exports of ‘parts of boilers’.
Ownership levels, penetration by sector, share by type of application – replacement, new build, first time installation.
Source of fuel – mains gas, LPG, oil, solid fuel, and electric.
Legislation and environmental concerns – the Green Deal, CSH, and smart meters.
Renewable energy technologies - ground source heat pumps, air source heat pumps, micro-CHP, and biomass. Trends for the future and key influencing factors.
DISTRIBUTION & SUPPLY CHAIN REVIEW

Distribution supply chain structure illustrating the major channels in the heating spares sector.
Market mix by channel – builders and plumbers’ merchants, DIY multiples, heating specialists, electrical wholesalers, Internet e-tailers and others including the boiler manufacturers.
Key companies, shares, strengths and characteristics etc.
Market shares of the national builders and plumbers merchants in the heating spares sector.

OVERVIEW OF KEY PRODUCTS IN THE HEATING MARKET
Domestic heating market product mix including ownership levels, product mix and product trends, major suppliers and market shares.
Circulator pump market development and market size, product mix by type of circulator – stand-alone, boiler-integrated, key product trends – high efficiency circulators, move towards boiler-integrated etc. Supplier market shares, key companies, strengths and characteristics etc.
Electrical heating products (central heating products, space heating and water heating) including ownership levels, product mix and product trends, major suppliers, market strengths and key characteristics, in addition to comments on distribution channels.The heating spares market is highly complex comprising a wide range of products with some of the major merchants supplying around 50,000 products. The estimated total value of UK market for heating spares was £321 million at merchants selling prices in 2012.

In contrast to other products in the heating sector, the heating spares market has performed relatively well in recent years. This is primarily due to the essential nature of heating spares for the adequate provision of hot water and heating and consumers are less likely to defer such a purchase. However, economic influences have impacted this sector including a higher level of price inflation relating to raw materials and higher costs associated with the distribution of products.

Climate change and new technologies, e.g. renewable energy support a wider range of heating spares and longer term demand in the spares sector. A high level of imports, in particular unbranded, generic spares may increase the level of price competition in some product sectors.

The type of heating system being fitted in new buildings and upgrades in existing buildings will impact on future spares demand. For example, the ownership of hot water storage systems is in decline in the domestic sector.

The short-term future prospects of the heating spares market are difficult to project at this time given the tentative signs of recovery in the UK economy and the high level of dependence on unpredictable factors, such as the increasingly volatile UK weather. However, spending in both the consumer sector and public sector remains cautious which has benefited the spares sector in recent years. This trend is likely to continue in the short to medium term, with a focus on repair rather than replacement, particularly in the public sector.

Heating spares are predominantly supplied by the boiler manufacturers, along with a small proportion of non-branded imported spares. The distribution of heating spares is dominated by the national merchants, with the remainder of the market accounted for by the regional merchants and independent heating specialists.

The longer-term trends in the heating sector are a major influence on the spares sector, particularly in terms of forecasting demand for spares. Future demand is primarily based on the type of heating products installed in new housing, commercial premises and replacement installations. Other key factors include product development in the heating sector, in order to comply with legislation, energy efficiency measures etc, and technology.

The forecasts in this sector are generally quite positive. It is likely that there will be growth in average value of spares, there are far more maintenance contracts available, increasing the frequency of replacement of spare parts, also as boilers and household appliances become more ‘electronic’ in nature, there will be a shift to higher value modular components. Hence the growth figures over the next few years are expected to be reasonably good.

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