Market Overview

To date, the Group has predominantly promoted its products and services in the UK construction market. However, European harmonisation of health and safety legislation means that the same health and safety regulations apply to the whole EU. Much of the new legislation relates to working from height and is entirely new to a number of other European Countries. As a result, Airtek has already received unsolicited enquiries for its products and services from Spain and Germany for all of its ‘fall arrest’ systems, products and services and see EU member states as a significant area for expansion.

Currently the Group is most active in the housing and commercial sector of the construction industry, both buoyant markets.  The industry overall is also showing significant growth not least due to high profile government sponsored projects such as the 2012 Olympics (circa £30 billion investment) as well as Private Finance Initiatives for schools and NHS building programmes (circa £50 billion investment).

In addition to the positive market conditions in construction, in 2003 the Government issued ‘Planning Policy Guidance 3’ which gave greater flexibility for local authorities to allow development on smaller brown field sites, especially to address the need to provide low cost housing and the estimated shortage of 750,000 homes in the UK. 

Clearly these external factors have further stimulated an already buoyant sector and the market outlook is very positive. Market indicators suggest that the whole of the construction industry is likely to enjoy sustained growth for some considerable time.