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)
The exposure of the group is majority Domestic and RMI:
Commercial & Industrial
Market fundamentals are strong - showing a good recovery post Covid-19.
Construction output forecast: RMI
RMI markets are resilient and less cyclical
Construction output forecast: new work
Strong new build prospects based on domestic and infrastructure markets
- Dependable end-markets driven by:
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.