Fire & Smoke Alarm Manufacturing in the US - Industry Market Research Report

Fire & Smoke Alarm Manufacturing in the US - Industry Market Research Report

  • June 2020 •
  • 38 pages •
  • Report ID: 5103582 •
  • Format: PDF
Hot stuff: Demand for industry products will likely rise as domestic construction activity increases

Abstract

Fire & Smoke Alarm Manufacturing
Demand for the products of the Fire and Smoke Alarm Manufacturing industry is primarily driven by new nonresidential building activity, and to a lesser extent, retrofitting of existing commercial facilities and aftermarket sales of replacement fire alarm components and devices. This industry in experiencing increasing import penetration, which was worsened by spikes in the trade-weighted index, causing foreign goods to be more affordable relative to domestically produced goods. Because this industry is highly concentrated, the largest companies affect industry revenue significantly. When economic conditions favor manufacturing in foreign countries, these corporations are incentivized to expand their foreign facilities over their domestic ones. As domestic construction activity is expected to continue growing over the five years to 2023, demand for industry products will remain strong. However, the expected slowdown in residential construction spending growth is likely to limit revenue gains.

This industry manufactures fire alarm equipment used for detection in commercial spaces and households.

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.
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