Industry Analysis & Industry Trends
The Fire and Smoke Alarm Manufacturing industry, which is small and highly concentrated, is tightly connected to the downstream construction market, as most fire alarms and detectors are installed during the final stages of building construction. Improving demand from construction has allowed for steady revenue gains over the past five years. As the domestic construction segment continues to grow over the five years to 2021, demand for industry products will steadily increase, causing industry revenue to grow in tandem.
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Industry Report - Industry SWOT Analysis Chapter
The Fire and Smoke Alarm Manufacturing industry is in the mature stage of its life cycle, with demand heavily dependent on investment trends in the downstream building markets. Over the 10 years to 2021, industry value added (IVA), which provides a measure for the industry's contribution to the US economy, is forecast to increase at an annualized rate of 4.2%. In contrast, the economy is expected to grow an annualized 2.1% over the same period. Although a higher IVA growth rate generally indicates a growing industry, fire alarm systems are well-established products with defined customer segments in downstream construction industries. The higher IVA growth rate represents a recovery in the industry's gross sales and profit margins in the postrecessionary economy... purchase to read more