New AMA report provides a major review of the UK repair, maintenance and improvement products market
The maturity of the non domestic RMI products market is likely to limit growth potential, with the market remaining reliant on growth of the economy and expansion of organisations to add value. Levels of new build construction output have a strong impact in the market, with RMI contracts often set up on the uptake of new business premises and increasingly linked to full or bundled FM services.
London is leading the recovery in the office market and while vacant space in the capital is now reducing, difficulties in raising finance are constraining the commencement of speculative development. Bearing in mind the long lead times for major office developments, construction output is forecast to improve only in the medium to longer term.
From 2011 the market is expected to return to marginal growth, increasing to average growth levels of 3-5 per cent from 2012, with a resultant market of £2.7 billion forecast for 2015.
AMA Research’s report “Non-Domestic RMI Products Market Report - UK 2011-2015 Analysis” is available in hard copy or electronic format for £665 and can be ordered online at www.amaresearch.co.uk or by calling 01242 235724.