Heating up: Increasing demand for energy-efficient systems is forecast to support continued growth

The industry manufactures metal radiators, boilers, valves and pipework for central heating systems. Firms in the industry supply heating systems in the United Kingdom and to foreign buyers.Industry revenue is anticipated to expand at a compound annual rate of 4.1% over the five years through 2018-19 to reach £1.5 billion. Manufacturers were somewhat insulated from volatility in building markets by the introduction of government subsidies and schemes encouraging appliance replacement, which bolstered industry sales. The tightening of environmental regulations and rising energy prices also boosted the appeal of these schemes to consumers, benefiting industry demand...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Rising construction activity propelled industry demand, supporting sustained revenue growth
  • Government schemes have encouraged replacing inefficient boiler systems, benefiting demand
  • Demand from commercial construction is expected to strengthen, though it may be limited in the short term
  • Industry Report - Industry Key Buyers Chapter

    The industry exhibits a moderate level of market share concentration. The four largest players are estimated to account for 66.6% of industry revenue in 2018-19. The two largest players are estimated to account for 40.9% of industry revenue. Despite this concentration of ownership, the industry includes many small-scale establishments. In 2018, according to data from the Office for National Statistics, 80% of industry establishments employed fewer than 10 people. By contrast, only 4% of enterprises employed 100 or more people. The largest companies operate multiple plants focused on manufacturing a particular product, brand or component. Lar...purchase to read more.

    Additional Insights for the Radiator & Boiler Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Radiator & Boiler Manufacturing Industry are

  • Ability to accommodate environmental requirements
  • Production of premium goods/services
  • Company's product has low running costs
  • IBISWorld analysts also discuss how external factors such as Demand from residential building construction and Demand from commercial building construction in the Radiator & Boiler Manufacturing industry impact industry performance..

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    What's in this report

    What is the Radiator & Boiler Manufacturing Industry?

    Firms in this industry manufacture central heating radiators, boilers, control valves, pipework and parts for installation in residential, commercial, industrial and institutional buildings.

    Industry Products
  • Conventional and other central heating boilers
  • Condensing combination boiler systems
  • Non-condensing combination boiler systems
  • Radiator systems and components
  • Parts for central heating boilers
  • Industry Activities
  • Manufacturing radiators
  • Manufacturing boilers
  • Manufacturing thermostatic control valves and replacement parts
  • Manufacturing radiator pipework and vents
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from residential building construction
  • Demand from commercial building construction
  • World price of steel
  • Average maximum temperature
  • Public concern over environmental issues

  • Current Performance
  • Solid foundation
  • Government support
  • Pressure points
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry Outlook continued
  • Seeking efficiency
  • Trends in trade
  • Table: Radiator & Boiler Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Radiator & Boiler Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Commercial Building Construction
  • Residential Building Construction
  • Consumers

  • Key Selling Industries
  • Aluminium Production
  • Copper Production
  • Household Appliance & Garden Equipment Repair
  • Iron & Steel Manufacturing

  • Products & Services
  • Condensing combination boiler systems
  • Radiator systems and components
  • Parts for central heating boilers
  • Conventional and other central heating boilers
  • Non-condensing combination boiler systems
  • Chart: Radiator & Boiler Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential alteration, renovation and repair
  • Residential building construction
  • Commercial building construction
  • Institutional building construction
  • Institutional renovation and repair
  • Commercial renovation and repair
  • Chart: Major Market Segmentation for the Radiator & Boiler Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Radiator & Boiler Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Radiator & Boiler Manufacturing Industry

  • Industry Globalization
    Ideal Stelrad Group Ltd, Baxi Heating UK Ltd, Bosch Thermotechnology Ltd, Vaillant Industrial UK Ltd,
  • Table: Ideal Stelrad Group Ltd - financial performance
  • Table: Baxi Heating UK Ltd - financial performance
  • Table: Bosch Thermotechnology Ltd - financial performance
  • Table: Vaillant Industrial UK Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Radiator & Boiler Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Radiator & Boiler Manufacturing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Condensing Boiler
  • A type of boiler that reuses the latent heat produced in the initial heat exchange to heat water. Non-condensing boilers vent hot steam.
  • Radiator
  • A type of heater that uses hot water in metal pipes to warm rooms.
  • Sedbuk
  • Seasonal Efficiency of a Domestic Boiler in the United Kingdom, a system for rating the energy efficiency of boilers.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Radiator & Boiler Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Radiator & Boiler Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Radiator & Boiler Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Radiator & Boiler Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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