The market for construction materials totals over £76bn.
This is fulfilled through a variety of channels but a significant proportion (over £60bn) comes through distribution and is therefore addressable by the Group.
UK addressable market size by business unit (£bn) | |
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The exposure of the group is majority Domestic and RMI:
Domestic | Commercial & Industrial | Infrastructure | Total Group | Market | |
RMI | 43% | 11% | 1% | 55% | 35% |
New | 23% | 18% | 4% | 45% | 65% |
Total | 66% | 29% | 5% | 100% | 100% |
Market fundamentals are strong - showing a good recovery post Covid-19.
Construction output forecast: RMI | |
RMI markets are resilient and less cyclical .
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Construction output forecast: new work | |
Strong new build prospects based on domestic and infrastructure markets .
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- Dependable end-markets driven by:
Housing transactions
Consumer confidence
Trade resilience vs. consumer
- RMI displays lower levels of cyclicality compared to new build
- Infrastructure is a significant area of potential for the Group
- Public sector exposure of 23% represents an opportunity given the Group's credentials and ambition.
Changes to the market are causing all parties to consider the way that they work - raising expectations and creating opportunities for partners that are able to respond.
Macro factors
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Sector-specific factors
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