Plastering in the UK - Industry Market Research Report

Crumbling Revenue: Consumers Cut Spending in Response to the Cost-Of-Living Crisis

Plasterers' revenue is forecast to grow at a compound annual rate of 0.5% over the five years through 2022-23 to £2.6 billion, while the average profit margin is set to be 17.8%. Prior to the pandemic, government-backed initiatives to bolster the UK's housing stock have supported strong revenue growth. Rising household disposable incomes encouraged spending on renovations and home improvements. This industry consists of contractors that install plaster wallboard and ornamental plaster products, finish and render walls, and apply solid or fibrous plastering. Contractors also install wall systems and laths before applying plaster, and repair existing buildings and structures. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.