The turnover of roofing activities in the UK has exhibited notable fluctuations from 2013 to 2023. Notably, there was a sharp increase in 2015 by 47.56%, followed by a significant decline in 2016 at -27.88%. The turnover remained relatively stable from 2017 to 2019, hovering around the 4.6 to 4.9 billion Euro mark. In 2020, there was a considerable drop of -16.85%, likely due to the pandemic's impact. Recovery was observed in 2021 with a 20.7% increase. By 2023, the turnover was stable at 4.9 billion Euros, with a marginal year-on-year growth of 0.17%.
For the future, the forecast data from 2024 onwards indicate a very gradual upward trend, with a forecasted 5-year CAGR of 0.14% and a 5-year growth rate of 0.7%, suggesting a period of stability with slight growth in the roofing activities turnover.
Future Trends to Watch For:
- Impact of sustainability initiatives and green building trends.
- Technological advancements in roofing materials and installation techniques.
- Effects of evolving construction regulations and economic factors post-Brexit.
- Potential disruptions from global economic conditions and supply chain issues.
