Underfloor Heating Set for an Upturn in 2012-15
The underfloor heating market is set to experience a lucrative 24 months in 2012 and 2013, according to a report recently published by MTW research. Having seen an upturn in 2010, the report noted that the underfloor heating industry saw a slight downturn in 2011, due to a number of factors including a slump in consumer confidence and a significant lessening of homeowners embarking on DIY projects and home refurbishments.
This is set to change early next year however, with moderate growth in the underfloor heating market forecast for early 2012, MTW said. This will be followed by growth above the current level of inflation during the first six months of 2013. The report went on to say that the underfloor heating market will continue to grow throughout 2014 with increased sales expected to continue throughout 2015 and beyond. The report, published at the start of the month, observed that some 60 percent of companies that provide underfloor heating systems have credit ratings in either the ‘good’ or ‘excellent’ categories, showing that the industry remains in fine health overall despite the recent lapse in sales.