Construction Supplies Wholesaling in the UK - Industry Market Research Report

Construction Supplies Wholesaling in the UK - Industry Market Research Report

Construction Supplies Wholesaling in the UK

Sales of construction supplies are driven by the level of commercial and residential construction, home renovation activity, construction materials prices and private consumption spending influence construction supplies wholesalers' revenue. The COVID-19 pandemic wreaked havoc on construction sites, with many pausing work until the outlook cleared. According to the Office for National Statistics (ONS), the value of construction new work fell by 16.3% in 2020, with respective contractions of 17.2% and 16% in public and private new work. Widespread uncertainty swept across the UK, with homeowners and businesses opting to delay major construction projects. Industry revenue fell as a result, offset to an extent by a booming renovation market. Government initiatives aimed at stimulating the housing market have lifted demand for construction supplies wholesalers. Over the five years through 2023-24, industry revenue is forecast to grow at a compound annual rate of 0.9% to reach £40.6 billion.

Businesses in this industry carry out distribution operations to either retailers or other users of building and construction materials, except steel and other metals. The products sold are the materials that go into a construction, rather than the tools used for construction. Businesses may also have manufacturing or retailing operations, though industry revenue only reflects the wholesale function.

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.