Growth of the Construction and Tourism Industry is Driving the UK Facade Market
The UK facade market is estimated to grow considerably at a CAGR of around 5.8% during the forecast period (2024-2031). The market growth is driven by the increasing focus on the renovation of old buildings, the construction of new buildings, and the advent of advanced facade technologies. Additionally, the growing demand for construction design for large facades contributes to the market growth during the forecast period. The rising demand for internal building structure protection and the government mandates on the use of sustainable materials and reducing emissions from buildings are bolstering the UK façade market. The growing tourism and increasing demand for infrastructure development are presenting significant opportunities for market growth. UK facade market is segmented by facade type (ventilated and non-ventilated) and end-user (residential, commercial, and industrial).
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The commercial segment is anticipated to grow at the highest rate during the forecast period, as advanced façade installation with renewable energy, considerably reduces the energy utilization and cost, during the building's operation and maintenance.
The major players in the UK facade market include EOS Facades Ltd., Permasteelisa Group, HansenGroup Ltd., Bailey, and Alliance Facades, Ltd., among others. The players are contributing to the market's growth by adopting different growth strategies, such as investment in technological advancement, mergers and acquisitions, partnerships, and collaboration.
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