Automatic Fire Sprinkler System Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: June 2024
NAICS OD5509Revenue
$637.3m
Past 5-Year Growth
Profit
$XX.Xm
Employees
1,104
Businesses
43
Wages
$XXX.Xm
Automatic Fire Sprinkler System Manufacturing in the US industry analysis
Over the current period, automatic fire sprinkler system manufacturers faced declines. While the outbreak of COVID-19 led to growth in new residential construction, it hammered nonresidential construction because of falling corporate profit levels and economic uncertainty, greatly offsetting growth in the residential construction market. Manufacturers have faced slow export growth amid an appreciating dollar. Automatic Fire Sprinkler System Manufacturing industry revenue has inched downward at a CAGR of 0.9% over the past five years and is expected to total $659.1 million in 2024, when revenue will jump by an estimated 1.3%.
Trends and Insights
- Manufacturers benefited from the booming residential market, which helped mitigate losses because of a drop in nonresidential construction. This surge in residential construction provided crucial support during challenging times for the industry.
- Sales of residential wet pipe systems have significantly benefitted manufacturers. Increased demand has proved to be a substantial boon for manufacturers in the residential construction sector, driven by robust construction activity in apartments, condominiums and single-family homes.
- Various factors contribute to the concentration of manufacturers in the Great Lakes. The large commercial and residential construction markets, access to Canada and proximity to suppliers drive manufacturers to the Great Lakes.
- Automatic fire sprinkler manufacturers compete in various ways. Manufacturers compete based on quality, customizability and after-sales services to attract downstream customers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 1.1 % over the past five years, to reach an estimated $637.3m in 2024.
Trends and Insights
Complications amid the pandemic is the primary cause of the industry's decline
- The outbreak of COVID-19 in early 2020 had a profound impact on various sectors, particularly in construction. Residential construction encountered strong growth amid favorable interest rates, spurring demand for single-family homes and home renovations.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Manufacturers will continue enjoying growth in residential markets
- Despite high interest rates, the low availability of housing stock will drive an uptick in housing starts, encouraging growth across the residential construction sector. Builders continue to recognize the pressing need for new homes, pushing forward with single-family houses, apartments and condominiums to meet demand. The increase in construction activities will have a ripple effect across various manufacturing industries associated with home building.
Biggest companies in the Automatic Fire Sprinkler System Manufacturing in the US
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Johnson Controls International Plc | 144.0 | 29.9 | 20.8 | |
Viking Automatic Sprinkler Co. | 84.1 | 8.6 | 10.2 | |
The Reliable Automatic Sprinkler Co. Inc. | 10.4 | 1.2 | 11.1 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Residential wet pipe systems, Nonresidential wet pipe systems and Dry pipe systems. Residential wet pipe systems is the largest segment of the Automatic Fire Sprinkler System Manufacturing in the US.
Trends and Insights
Nonresidential wet pipe systems sales have fallen
- This segment comprises sprinklers mounted to pipes containing pressurized water that can be released when set off by heat used in office buildings, high-rise structures and general manufacturing facilities. The National Fire Protection Association (NFPA) drafts standards for sprinkler systems, with NFPA 13 applying to commercial and industrial structures.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Metal Pipe & Tube Manufacturing in the US
- Heating & Air Conditioning Equipment Manufacturing in the US
- Power Tools & Other General Purpose Machinery Manufacturing in the US
International industries
- Power Tools & Other General-Purpose Machinery Manufacturing in Canada
- Machine Tool and Parts Manufacturing in Australia
Table of Contents
About this industry
Industry definition
This industry manufactures fire-protection systems that use automatic sprinklers. These systems typically consist of a network of pipes connected to a building’s water supply. Industry products include devices that detect fire and automatically release water to combat the flames. The industry does not include revenue generated from the actual installation and maintenance of sprinkler systems in buildings.
What's included in this industry?
Residential wet pipe systemsNonresidential wet pipe systemsDry pipe systemsOtherCompanies
Johnson Controls International PlcViking Automatic Sprinkler Co.The Reliable Automatic Sprinkler Co. Inc.Purchase this report to view all 3 major companies in this industry.
Related Terms
WET FIREDRY PIPESTANDPIPE SYSTEMIndustry Code
NAICS 33399 - Automatic Fire Sprinkler System Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Manufacturers benefited from the booming residential market, which helped mitigate losses because of a drop in nonresidential construction. This surge in residential construc...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Sales of residential wet pipe systems have significantly benefitted manufacturers. Increased demand has proved to be a substantial boon for manufacturers in the residential c...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Various factors contribute to the concentration of manufacturers in the Great Lakes. The large commercial and residential construction markets, access to Canada and proximity...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Automatic fire sprinkler manufacturers compete in various ways. Manufacturers compete based on quality, customizability and after-sales services to attract downstream custome...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The two largest automatic fire sprinkler system manufacturers dominate. Johnson Controls and Viking Automatic Sprinkler have accumulated market share by establishing solid re...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Johnson Controls International Plc's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Viking Automatic Sprinkler Co.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of The Reliable Automatic Sprinkler Co. Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Johnson Controls International Plc, and factors influencing its performance in the industry
- Description and key data for Viking Automatic Sprinkler Co., and factors influencing its performance in the industry
- Description and key data for The Reliable Automatic Sprinkler Co. Inc., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Manufacturers of automatic fire sprinkler systems must adhere to a range of manufacturing regulations, including environmental guidelines and occupational safety standards. T...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit has fallen because of supply chain woes, volatile input costs and mounting wages. These challenges have significantly impacted manufacturers' profit and operational ef...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Automatic Fire Sprinkler System Manufacturing in the US industry in United States in 2024?
The market size of the Automatic Fire Sprinkler System Manufacturing in the US industry in United States is $637.3m in 2024.
How many businesses are there in the Automatic Fire Sprinkler System Manufacturing in the US industry in 2024?
There are 43 businesses in the Automatic Fire Sprinkler System Manufacturing in the US industry in United States, which has declined at a CAGR of 1.8 % between 2019 and 2024.
Has the Automatic Fire Sprinkler System Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Automatic Fire Sprinkler System Manufacturing in the US industry in United States has been declining at a CAGR of 1.1 % between 2019 and 2024.
What is the forecast growth of the Automatic Fire Sprinkler System Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Automatic Fire Sprinkler System Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Automatic Fire Sprinkler System Manufacturing in the US market in United States?
The biggest companies operating in the Automatic Fire Sprinkler System Manufacturing market in United States are Johnson Controls International Plc, Viking Automatic Sprinkler Co. and The Reliable Automatic Sprinkler Co. Inc.
What does the Automatic Fire Sprinkler System Manufacturing in the US in United States include?
Residential wet pipe systems and Nonresidential wet pipe systems are part of the Automatic Fire Sprinkler System Manufacturing in the US industry.
Which companies have the highest market share in the Automatic Fire Sprinkler System Manufacturing in the US in United States?
The company holding the most market share in United States is Johnson Controls International Plc.
How competitive is the Automatic Fire Sprinkler System Manufacturing in the US industry in United States?
The level of competition is high and steady in the Automatic Fire Sprinkler System Manufacturing in the US industry in United States.
