Homes sweet homes: Resilient residential construction activity drives sales
Carpentry & Joinery Product Manufacturing in the UK
Revenue has climbed at a compound annual rate of 0.6% over the five years through 2022-23 to £5.6 billion. Economic concerns associated with Brexit and the 3% increase in stamp duty imposed on buy-to-let and second homes have slowed expansion in residential building construction and caused the number of residential property transactions to dip. Activity in the commercial construction sector has been subdued, weighing on growth.
Carpentry and joinery product manufacturers produce various types of wooden goods mainly used in construction. These include doors, windows and frames, structural carpentry products (e.g. beams and rafters), and prefabricated buildings like mobile homes. The manufacture of kitchen cabinets, bookcases, wardrobes and free-standing wooden partitions is excluded from the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.