Industry Analysis & Industry Trends
Since carbon monoxide (CO) alarms are often installed during the construction process, industry demand fell sharply as contractors either delayed or canceled new building projects during the recession. Nevertheless, the future looks bright for CO alarm manufacturers as the construction sector strengthens over the next five years. In addition, new regulations requiring CO alarms in certain residential and commercial buildings will provide a solid basis for industry growth.... purchase to read more
Industry Report - Industry Analysis Chapter
The Carbon Monoxide Alarm Manufacturing industry has fought tough economic conditions over the past five years. The subprime mortgage crisis and subsequent recession led to a virtual freeze in residential and nonresidential construction activity. These events caused industry demand to plummet because carbon monoxide (CO) alarms are often installed during the construction process. Consequently, IBISWorld estimates industry revenue has fallen at an annualized rate of 0.7% from 2007 to 2012. Despite an overall decline over the past five years, industry revenue is expected to increase 7.0% in 2012 to $1.07 billion, thanks to a significant uptick in residential and nonresidential building activity... purchase to read more