Industry Analysis & Industry Trends
Operators in the Joinery Installation industry are primarily engaged in the construction, installation and repair of products such as kitchen systems, cupboards, workstations, stairs and shop fittings. Industry participants conduct these services across residential, public, commercial and industrial buildings. In recent years, the industry has partially recovered in line with the wider construction industry and the economic recovery. Over the five years through 2016-17, industry revenue is estimated to grow at a compound annual rate of 0.7% to total £10.1 billion.
Industry conditions have been somewhat volatile throughout the period. The start of the period was characterised by a slump in construction demand as the economic recovery briefly floundered... purchase to read more
Industry Report - Industry Investment Chapter
The Joinery Installation industry is a labour-intensive industry as the principal value added by the industry is through the application of carpentry and joinery skills and efficient project management. Employees are required to have a substantial level of technical knowledge to provide an effective service. The industry requires a relatively low level of capital investment, comprising rudimentary tools and equipment like hand tools, power tools, nail guns, ladders and scaffolding, in addition to vehicles for transportation. Depreciation is estimated to account for 1.8% of revenue in 2016-17, while employment costs, excluding payments to subcontractors, are forecast to account for 15.7%. This indicates that for every £1.00 s.. purchase to read more