PRESS RELEASE

June 2009

Underfloor Heating Market Recovery in 2009

Analysis by MTW Research of the Underfloor Heating Market in May 2009 has found that the industry is set to return to growth in the last quarter of 2009 as a number of key end use markets experience more buoyant conditions as the UK economy begins its ‘u-shaped’ recovery. 

The new report from MTW Research also found that market deterioration in 2008 may not have been as severe as some commentators have suggested, with 53% of underfloor heating suppliers reporting growth in excess of 10%.  Further, the research also found that whilst 7% of the industry is regarded as being ‘at risk’, more than 75% of companies in the market have an excellent or exceptional credit rating, underlining a core, fundamental strength within the UK underfloor heating industry in mid 2009. 

The report also points to a changing dynamic in the underfloor heating industry in recent months, with market growth increasingly reliant on smaller projects within the domestic market.  According to MTW, volume demand has declined substantially in recent months from commercial and non-domestic end use sectors, with suppliers being required to shift focus quickly in order to maintain sales. 

Despite this shift in end use demand patterns, the report, based on quantitative sales figures from the industry, highlights a number of key market influences which should offer opportunities for the sector to return to healthy levels of growth relatively quickly and which should underpin buoyant market performance in the longer term.  One such issue identified by MTW is the increasing emphasis on energy efficiency and the environmental benefits offered by underfloor heating products in contrast to more traditional heating systems.  As energy efficiency becomes more important in the specification process within both domestic and non-domestic applications, the report indicates that this issue should represent a key differentiator for UFH products within the wider HVAC market. 

The report provides a comprehensive review of the UK underfloor heating market, forecasts industry trends for 2009-2013 and analyses the structure of the industry in 2009.   The report also ranks the UFH companies by a number of criteria and provides sales estimates and market share figures.  MTW have also developed a quick and easy method of profiling each company’s financial health through their ‘at a glance’ charts.  The report package also includes mailing, telephone and contact details for the leading players in the market, resulting in a comprehensive industry analysis and a useful sales & marketing tool.  The report is available to purchase from GBP375 from MTW Research’s website here where a free sample is available to download or by calling 08456 524324.

PRESS RELEASE

2008

Underfloor Heating Industry Set To Top £300 Million

A contemporary report on the UK Underfloor Heating Industry, from specialist publisher MTW Research, has found that the sector is set to exceed a net worth of £300 million in 2008.  Buoyant growth in assets, coupled with a continued decline in debt levels by the majority of underfloor heating suppliers, continued to boost the industry during 2007.  According to MTW, this healthy level of growth is also likely to continue at least until 2012. 

The research for this new report, competitively priced at £375, also found that sales revenue grew by 10% in 2007.  Despite forecasts of a slight slowdown, MTW predicts that turnover growth should remain reasonably strong in the short to medium term.  In addition, the industry also experienced substantial growth in profitability during 2007, with profit levels set to rise faster than inflation in 2008, despite current predictions of a slowdown in the UK economy, and against a backdrop of rising inflation.

The report goes on to find that the total assets of the underfloor heating industry are set to top £730 million in 2008, having grown from £620 million in 2004, underlining the positive performance in terms of the industry’s net worth.  MTW’s report also states that debt levels should continue to fall to below £390 million by 2012. 

MTW’s original report also reviews average sales, profit levels and other financial indicators in the report, with figures provided since 2004, and forecasts to 2012.  These figures highlight the continued fragmentation in the market in terms of supply, with average sales revenue only recently reaching double digits.

Total sales of the 75 UFH suppliers ranked by MTW are forecast to exceed £1 billion for the first time in 2008, reflecting the ongoing strength and demand for UFH products.  The report, available to purchase exclusively from MTW’s website or by calling 08456 524324, also ranks the suppliers by profit, assets, net worth & number of employees as well as including a 1 page financial profile and ‘health indicator chart’ for each company.  Further information and a free sample of the report is available to download from MTW’s website. 

For more information on this report, click here