Industry Analysis & Industry Trends
The Plastering industry plays an essential role in the completion of most buildings. Operators are required to install various plaster forms in the construction of a building. The industry is primarily affected by fluctuations in demand from the downstream building construction markets, particularly the residential market, which is a major revenue stream, especially for smaller contracting firms.
Over the five years through 2016-17, industry revenue is expected to grow at a compound annual rate of 4.1% to £1.7 billion, including growth of 2.4% in the current year. Over the past five years, the industry has recovered from waning consumer confidence, a depressed housing market and economic uncertainty... purchase to read more
Industry Report - Industry Analysis Chapter
Plastering contractors are typically required to install drywall and carry out other plastering services on buildings across the residential, commercial, public and industrial markets. Maintenance and repairs on existing structures within these markets also make up a small percentage of income. In recent years, the industry’s performance has improved considerably, in line with economic recovery and an upturn in construction activity. Strong housing investment and rising business capital investment have allowed revenue to grow from 2012-13 onwards. A gradual rise in household disposable income has spurred greater consumer spending on renovation and refurbishment work. However, a shortage of skilled labour has driven up average wages and constrained profit growth somewhat. It .. purchase to read more