Industry Analysis & Industry Trends
The Brick and Tile Manufacturing industry has struggled since the onset of the of the UK recession, which sparked a collapse in the construction sector. The industry is almost completely dependent on the construction sector, particularly residential housing construction. The number of new housing starts has plummeted over the past five years as investment in the sector has waned. The industry is expected to generate revenue of £851 million in 2013-14, down 4.8% on the previous year. Industry revenue is estimated to fall at a compound annual rate of 3.2% over the five years through 2013-14. This decline largely reflects the performance of the residential and commercial construction sectors... purchase to read more
Industry Report - Industry Analysis Chapter
The collapse in the housing construction market has been the key factor contributing to the dramatic slump in the Brick and Tile Manufacturing industry since the onset of the UK recession. Poor business and consumer confidence, coupled with tight lending conditions, have caused investment in the residential and commercial construction to plummet. This has resulted demand from the industry's most important downstream markets deteriorating. Industry revenue is expected to fall at a compound annual rate of 3.2% over the five years through 2013-14 to reach an estimated £851 million, down from £1.0 billion in 2008-09. The industry's demise has been demonstrated by the spectacular drop in brick production in recent years... purchase to read more