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Heating Spares Market Report - UK 2013-2017 Analysis 

  • December 2013
  • -
  • AMA Research
  • -
  • 72 pages

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.

Table Of Contents

Heating Spares Market Report - UK 2013-2017 Analysis 
1. INTRODUCTION 6
1.1 BACKGROUND 6
1.2 SOURCES OF INFORMATION 6
2. SUMMARY AND FUTURE PROSPECTS 8
2.1 SUMMARY 8
2.2 FUTURE PROSPECTS 10
3. CONSTRUCTION AND ECONOMIC INFLUENCES 12
3.1 GDP 12
3.2 INFLATION and INTEREST RATES 14
3.3 UNEMPLOYMENT 15
3.4 HOUSEHOLD CONSUMPTION 15
3.5 STERLING 16
3.6 POPULATION PROFILE 17
3.7 HOUSING and CONSTRUCTION 17
3.7.1 Non-domestic Construction 17
3.7.2 Domestic RMI Construction 19
3.7.3 House Building Completions 20
3.7.4 House Moving Levels 21
3.8 CONCLUSIONS 22
4. THE MARKET FOR HEATING SPARES 23
4.1 DEFINITION AND PRODUCT RANGE 23
4.2 MARKET BACKGROUND 24
4.3 MARKET SIZE and RECENT PERFORMANCE - HEATING SPARES 25
4.4 IMPORTS AND EXPORTS 28
4.5 FUTURE PROSPECTS and TRENDS 28
4.6 KEY PRODUCTS AND MANUFACTURERS 30
4.7 ENVIRONMENTAL and LEGISLATIVE ISSUES 35
4.7.1 Legislative Changes 35
4.7.2 Environmental Issues (Green Deal, Smart Meters, CRC, RHI) 36
4.7.2 Microgeneration Technologies 39
5. DISTRIBUTION SUPPLY CHAIN REVIEW 42
5.1 SUPPLY CHAIN STRUCTURE 42
5.2 KEY COMPANIES 48
5.2.1 Merchants 48
5.2.2 Regional Merchants and Heating Specialists 53
5.2.3 DIY Multiples 56
5.2.4 Electrical Wholesalers 56
6. HEATING AND VENTILATION PRODUCTS 59
6.1 HEATING and VENTILATION 59
6.1.1 Market Size and Trends 59
6.1.2 Domestic Product Mix (Boilers, Radiators, Heating Controls, Circulators) 62
6.2 NON-DOMESTIC and DOMESTIC VENTILATION 64
6.2.1 Non-Domestic Ventilation (Axial, Centrifugal, Other, MVE, MVHR, Demand Control) 65
6.2.2 Packaged Air Conditioning Systems (PAC) 67
6.2.3 Central Station Air Conditioning Plant (CSACP) 67
6.3 ELECTRIC HEATING PRODUCTS 67
6.4 CIRCULATOR PUMPS MARKET OVERVIEW 69
6.4.1 Market Size 69
6.4.2 Product Trends 70
6.4.3 Key Suppliers 72CHART 1 UK HEATING SPARES MARKET BY VALUE (£M MERCHANTS SELLING PRICES) 2007-2017 8
TABLE 2 GDP DATA - 2010-2013 - KEY CONSTITUENT ELEMENTS 13
CHART 3 INTEREST RATES AND INFLATION (CPI) FROM 1992-2017 14
CHART 4 PDI and SAVINGS RATIO AT CURRENT PRICES 1995-2017 16
TABLE 5 EXCHANGE RATE FLUCTUATIONS 2008-2014 - STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES 17
TABLE 6 NON DOMESTIC CONSTRUCTION OUTPUT FIGURES 2008-2017 (£BILLION AT CURRENT PRICES) 18
CHART 7 VALUE OF PRIVATE AND PUBLIC HOUSING RMI OUTPUT (£M) 2008-2014 19
TABLE 8 UK HOUSE BUILDING COMPLETIONS 2008-2017 (‘000 DWELLINGS) 20
TABLE 9 UK RESIDENTIAL PROPERTY TRANSACTIONS VALUED AT £40K OR ABOVE 2008-2012 21
TABLE 10 UK MARKET FOR HEATING SPARES 2007 TO 2017 - BY VALUE (£ MILLION AT MERCHANT SELLING PRICES) 26
TABLE 11 IMPORTS AND EXPORTS OF CENTRAL HEATING BOILER PARTS 2009 TO 2012 - BY VALUE (£ MILLION) 28
TABLE 12 DOMESTIC BOILER SUPPLIERS MARKET SHARE - % BY VALUE 2012 31
TABLE 13 NUMBER OF MICROGENERATION TECHNOLOGIES INSTALLED 2009 -2012 - VOLUMES BY SOLAR PV, ASHP, GSHP, SOLAR THERMAL, BIOMASS, MICRO HYDRO, MICRO CHP, SMALL MICRO WIND 40
CHART 14 DISTRIBUTION STRUCTURE - HEATING SPARES MARKET 2012 43
CHART 15 DISTRIBUTION OF HEATING SPARES BY VALUE SHARE (MERCHANTS, DIY MULTIPLES, SPECIALISTS, ELECTRICAL WHOLESALERS, ETC.) - BY VALUE 2012 47
CHART 16 UK MERCHANTS % MARKET SHARES OF HEATING SPARES BY VALUE 2012 48
CHART 17 ELECTRICAL WHOLESALE MARKET SHARES 2012 BY VALUE % (REXEL, EDMUNDSON, CEF ETC) 57
CHART 18 THE HEATING AND VENTILATION MARKET 2006 TO 2012 - BY VALUE - £MILLION AT MERCHANT SELLING PRICES 59
CHART 19 PRODUCT MIX HEATING AND VENTILATION PRODUCTS 2012 - % BY VALUE (£ MILLION AT MERCHANT SELLING PRICES) 61
CHART 20 MARKET MIX BY PRODUCT TYPE (BOILERS, RADIATORS, HEATING CONTROLS, CIRCULATORS) - BY VALUE 2012 62
CHART 21 VOLUME OF HOUSEHOLDS WITH CENTRAL HEATING IN ENGLAND BY BOILER TYPE (CONDENSING, NON CONDENSING - STANDARD, COMBINATION) 2012 63
CHART 22 OVERALL MARKET MIX BY PRODUCT TYPE (NON-DOMESTIC, DOMESTIC) BY VALUE 2012 64
CHART 23 NON-DOMESTIC MARKET MIX BY PRODUCT TYPE (AXIAL FANS, CENTRIFUGAL FANS, OTHER) BY VALUE 2012 65
CHART 24 ELECTRIC HEATING PRODUCT MIX 2012 - % BY VALUE (SPACE HEATING, CONTROLS, CENTRAL, WATER) 68
TABLE 25 UK DOMESTIC CIRCULATOR MARKET BY VALUE (£M MSP) 2007-2013 70
CHART 26 CIRCULATOR PRODUCT MIX (BOILER-INTEGRATED, STAND-ALONE) - BY VOLUME 2011 71
TABLE 27 CIRCULATOR SUPPLIERS % MARKET SHARE - BY VALUE 2011 72

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