Flickering: Industry performance has sputtered as residential construction demand has cooled off

The Fire and Security Alarm Installation Services industry's performance has been constrained over the past five years by variable demand conditions across its key markets. Overall, the industry has benefited from the long-term shift in construction preferences towards high-density multi-storey apartment and office developments. These projects require the installation of sophisticated fire and security systems and typically need ongoing maintenance and repair services...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
1.0%
Forecast Growth 18-23
Profit
Employment
13,450
Businesses
3,300

Industry Threats & Opportunities

  • Demand for new equipment installation in the residential and infrastructure markets is falling
  • The availability of self-installed fire and security systems is negatively affecting the industry
  • Forecast growth in non-residential building markets will be a key source of industry demand
  • Industry Report - Industry Investment Chapter

    The industry maintains a low level of capital intensity in its operations. The industry is highly labour-intensive, with the principal value added derived from providing skilled labour, as the industry uses relatively little capital equipment.The ratio of labour costs to capital depreciation charges indicates an industry's level of capital intensity, as this shows the share of industry revenue absorbed by labour inputs relative to capital inputs. Direct wage costs are projected to absorb 28.2% of industry revenue in 2017-18 and depreciation charges account for about 2.2%. This indicates that the industry allocates $12.82 to labour payments for every $1.00 s...purchase to read more.

    Additional Insights for the Fire and Security Alarm Installation Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fire and Security Alarm Installation Services Industry are

  • Must comply with government regulations
  • Well-developed internal processes
  • Maintenance of excellent customer relations
  • IBISWorld analysts also discuss how external factors such as Demand from commercial and industrial building construction and Demand from residential building construction in the Fire and Security Alarm Installation Services industry impact industry performance..

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    What's in this report

    What is the Fire and Security Alarm Installation Services Industry?

    Industry firms install and repair security systems and fire protection, detection and control systems.

    Industry Products
  • Fire system design and installation services
  • Fire system maintenance and repair services
  • Security system design and installation services
  • Security system maintenance and repair services
  • Industry Activities
  • Fire alarm system installation
  • Fire sprinkler installation
  • Closed circuit video surveillance system installation
  • Security system installation
  • Smoke detector installation
  • Repair of installed fire or burglar security alarm systems
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from commercial and industrial building construction
  • Demand from residential building construction
  • Demand from institutional building construction
  • Business confidence index
  • Demand from heavy industry and other non-building construction
  • Real household discretionary income

  • Current Performance
  • Demand trends
  • Structure and employment trends
  • Technology and procurement trends
  • Profit trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Profit trends
  • Demand trends
  • Technology trends
  • Table: Fire and Security Alarm Installation Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fire and Security Alarm Installation Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Residential Property Operators
  • Office Property Operators
  • Retail Property Operators
  • Industrial and Other Property Operators

  • Key Selling Industries
  • Audio Visual Electronic Equipment Manufacturing
  • Computer and Electronic Office Equipment Manufacturing
  • Fabricated Metal Product Manufacturing
  • Mining and Industrial Machinery Wholesaling

  • Products & Services
  • Fire system maintenance and repair services
  • Fire system design and installation services
  • Security system design and installation services
  • Security system maintenance and repair services
  • Chart: Fire and Security Alarm Installation Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commercial building contractors, developers and managers
  • Government and institutional building contractors
  • Households and residential building contractors
  • Mining, industrial and utility companies
  • Other
  • Chart: Major Market Segmentation for the Fire and Security Alarm Installation Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Subcontracting expenses
  • Purchases
  • Rent and utilities
  • Motor vehicle expenses
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Fire and Security Alarm Installation Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fire and Security Alarm Installation Services Industry

  • Industry Globalization
    UTC Australia Commercial Holdings Pty Ltd, Wormald Australia Pty Ltd, Johnson Controls Holding Australia Pty Ltd,
  • Table: UTC Australia Commercial Holdings Pty Ltd - financial performance
  • Table: Wormald Australia Pty Ltd - financial performance
  • Table: Johnson Controls Holding Australia Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Fire and Security Alarm Installation Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Fire and Security Alarm Installation Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Closed-Circuit Television (Cctv)
  • A surveillance system that uses video cameras to transmit a signal to a monitor.
  • Fire Detection System
  • Various fire detection systems can be installed (e.g. thermal, smoke and video systems) that can detect and alert people to the presence of smoke, fire, rapid heat changes and changes in air quality.
  • Fire Extinguisher
  • A portable apparatus containing powders and chemicals that can be discharged to extinguish a small fire. Extinguishers vary in content depending on the likely type of fire threat.
  • Ip
  • Internet protocol (IP) is the primary network protocol used on the internet and is widely used in conjunction with fire and security surveillance systems.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fire and Security Alarm Installation Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Fire and Security Alarm Installation Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fire and Security Alarm Installation Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fire and Security Alarm Installation Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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