Industry Analysis & Industry Trends
Industry Report - Starting a New Business Chapter
The Fire Extinguisher Manufacturing industry exhibits low barriers to entry. Brand recognition forms the most pressing barrier for potential entrants. Extinguishers are used to protect property and lives. As such, consumers tend to seek out products made by familiar names. New entrants may face difficulty creating brand loyalty without the use of a recognizable name. Still, the low concentration of industry companies indicates possibilities for entry into smaller markets, such as those bound by geographical regions.
The often-mandatory need to keep an extinguisher on hand helps keep demand relatively steady, but demand levels are often low due to the infrequency of fires and long replacement cycles. Als... purchase to read more