‘Modest’ growth for
conservatories – report
Conservatories saw a modest 3% growth in 2018, with homeowners upgrading to high energy roofs and other products playing a large part in that growth, according to the latest report from AMA Research.
Continuing low interest rates bode well for more growth in 2019, the report continues but adds that the spectre of the uncertain economic landscape may continue to dampen the market.
RMI has played an important factor in this growth, says the report, as homeowners are opting to replace conservatories and glazed extensions with higher energy efficient roofs, windows and doors.
It continues: “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.”