Industry Analysis & Industry Trends
The Fire Protection Services industry has simultaneously benefited and suffered as a result of its dependence on its key downstream markets. Activity in the commercial and industrial building construction sectors has been volatile. This has negatively affected industry revenue, as evidenced by revenue declines in 2009-10 and 2011-12. Activity in the commercial construction sector has since recovered, particularly in the office, retail and hotel segments. This is the industry's primary source of revenue because all new commercial and industrial buildings are legally mandated to have fire protection systems installed... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry has a low level of concentration, as the top four players are estimated to account for less than 40% of industry revenue. The two major companies in the industry have a combined market share of 28.5% and are both part of large multinational companies operating globally across several related industries. These players therefore have a major advantage over smaller players, given their access to global supply chain operations and economies of scale. These factors act as a buffer against fluctuations in costs and downstream demand. The level of concentration has remained steady over the past five years with large multinational players acting as a major barrier to entry for new local companies.
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