The Glenigan forecast offers a much-needed boost for the construction sector, predicting a rebound in project starts over the next two years. This recovery is driven by increased private sector confidence and a surge in public investment, signaling better times ahead for key stakeholders, including contractors and system manufacturers.
What the Forecast Reveals
Glenigan’s report anticipates an 8% rise in underlying project starts in 2025, climbing to 10% in 2026. This recovery will span eight of the ten key construction sectors, with housing, offices, and civil engineering leading the charge.
Sector Highlights
- Housing:
Both private and social housing starts are expected to see double-digit growth, with private housing leading at a 13% increase in 2025 and 15% in 2026. This resurgence reflects improved household incomes, easing mortgage rates, and heightened buyer confidence. For fencing contractors, this trend means more demand for secure, cost-effective solutions tailored to residential developments. - Offices:
After a significant slump, office construction is set to recover with an 18% surge in 2025. Hybrid working trends are driving demand for new builds and refurbishments. For system manufacturers, this signals an opportunity to innovate and provide products that meet the evolving needs of modern office spaces. - Civil Engineering:
With the value of project starts expected to leap by 26% in 2024, utilities and infrastructure projects are poised for sustained growth. Investments in electricity generation, distribution, and water infrastructure will require durable, high-quality fencing solutions to secure these critical assets. - Retail and Hospitality:
Consumer-facing sectors such as retail and hotel construction are predicted to grow steadily, with retail starts accelerating by 9% in 2026. Contractors in these sectors will need versatile fencing solutions that blend aesthetics with functionality.
Implications for the Fencing Industry
The Glenigan forecast paints a promising picture for fencing contractors and system manufacturers. As construction starts to recover, the demand for robust, compliant, and innovative fencing solutions will rise across residential, commercial, and industrial projects. Here’s what this means for the fence manufacturinhg sector:
- Increased Demand for High-Quality Mesh: With projects focusing on long-term durability and compliance with British Standards, manufacturers like Siddall and Hilton are well-positioned to lead. Our welded mesh products, known for their reliability and quality, will be critical in supporting these projects.
- Opportunities in Infrastructure Projects: The uptick in civil engineering and utilities projects creates an urgent need for fencing solutions designed to withstand challenging environments. Hot-dip galvanized and Galfan options can provide enhanced corrosion resistance, meeting the industry’s demands.
- Tailored Solutions for Housing Developments: The growth in private and social housing starts highlights the importance of fencing systems that prioritize security and aesthetic appeal, catering to modern residential needs.
Final Thoughts
The construction industry’s anticipated recovery is a positive sign for all stakeholders. For the fence manufacturing sector, it’s a chance to showcase the critical role our products play in supporting infrastructure, residential, and commercial developments.
