UK INDUSTRY NEWS TIMBER HOMES SET FOR MAJOR GROWTH Sales of timber homes and buildings will reach £800 million in 2020 as growth in timber frame housebuilding outpaces traditional construction methods, according to the new Timber Frame Construction report from MTW Research. Based on data from 80% of the timber frame market, the research revealed that whilst total housebuilding will increase by around 2.5% in 2020, timber frame buildings will continue to grow and will outperform housebuilding in general. The Timber Frame Construction report identifies key growth sectors within the market, stating that the recent Government focus on Modern Methods of Construction (MMC) will inject additional impetus for sales of volumetric buildings, closed panel and SIPS technology in particular.
The positive environmental credentials of timber homes is highlighted as a key growth opportunity for the timber frame sector in 2020 and beyond. The report discusses the positive impact of the Climate Change Committee’s assertion that 270,000 timber frame homes built each year could triple the amount of carbon captured in UK homes. The report identifies carbon capture, enhanced quality control, faster build times, reduced on-site costs, waste and labour as characteristics which are set to underpin growth of more than £40m a year through to 2024. Boosted by Homes England’s strategic plan, MTW forecast double-digit growth for the closed panel, SIPS and volumetric timber markets. Open panel timber frame housebuilding is also forecast to exhibit healthy rates of growth in the medium term. MTW estimate that the top 25 timber frame suppliers account for less than 30% of the timber frame housing market underlining the high level of fragmentation of the market in 2020. MTW’s Director Mark Waddy, said: “Consolidation of the timber frame market through mergers and
acquisitions is increasingly likely in the next few years as competition increases. Market positioning is also set to grow in significance, with the timber frame market increasingly segmenting and polarising – for example into higher value volumetric and lower value open panel products.” The report is available at: www.marketresearchreports.co.uk
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