UK timber frame market about to boom

20 May 2012

A report by MTW Research forecasts that by 2016 timber frame sales in the UK will grow by 60% in volume and 80% in value, outstripping the expected pace of growth in other areas of the construction market.

Low-carbon regulations such as the Code for Sustainable Homes are cited by the report as key drivers where the timber frame industry is responding well and meeting changing market demand patterns and influences, with timber recognised as the least carbon intensive building material.

MTW Research based its report on financial data from 80% of the industry. It showed high levels of optimism amongst the UK timber frame suppliers, with more positive signs of investment from commodity retail, leisure and other commercial applications.

A report by MTW Research forecasts that by 2016 timber frame sales in the UK will grow by 60% in volume and 80% in value, outstripping the expected pace of growth in other areas of the construction market.

Low-carbon regulations such as the Code for Sustainable Homes are cited by the report as key drivers where the timber frame industry is responding well and meeting changing market demand patterns and influences, with timber recognised as the least carbon intensive building material.

MTW Research based its report on financial data from 80% of the industry. It showed high levels of optimism amongst the UK timber frame suppliers, with more positive signs of investment from commodity retail, leisure and other commercial applications.

The report states that sales of timber frame, SIPS, and volumetric timber buildings increased by some £30 million in 2011 with much of the demand coming from share growth in house building and minimal additional demand from organic growth or non-residential sectors. However, demand patterns are likely to shift from mid-2012 onwards as commercial construction regains ground.

According to MTW, there are also a number of market-led initiatives that should boost value growth in the near term. Overall, report predicts growth across all sectors of the timber frame construction market in the near to medium term, underlining rising levels of optimism throughout most of the industry.