No cause for alarm: Revenue is set to grow as demand from apartment construction recovers

The Fire Protection Services industry generates most of its revenue from designing, installing and maintaining fire detection and suppression systems in non-residential buildings and apartments. Over the past five years, industry revenue performance has been weighed down by subdued investment in non-residential building markets. Industry firms have faced demand fluctuations from mining and infrastructure markets. However, growth in large-scale multi-unit apartments has benefited some industry segments, culminating in record multi-unit apartment construction in 2016-17.Despite the importance of demand trends in the industry's downstream building and infrastructure markets, work on regular maintenance for existing systems provides a solid platform for industry firms...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
-1.2%
Forecast Growth 18-23
Profit
Employment
8,964
Businesses
2,029

Industry Threats & Opportunities

  • Work on regular maintenance for existing systems provides a solid platform for industry firms
  • New apartments are typically fitted with sophisticated automated fire protection systems
  • Ongoing maintenance contracts are forecast to provide the industry with a stable platform for expansion
  • Industry Report - Industry SWOT Analysis Chapter

    The Fire Protection Services industry is in the mature phase of its economic life cycle. The industry is characterised by well-established services and stable demand from downstream markets. Industry performance is largely determined by activity in the non-residential and industrial building construction sectors and increasing regulation requiring the installation of fire detection and suppression equipment.Industry value added (IVA), a measure of the industry's contribution to the overall economy, is projected to grow at an annualised 0.8% over the 10 years through 2022-23. This represents an underperformance of the broader economy, with real GDP expected to grow at an annualised 2.5% over the same period. The...purchase to read more.

    Additional Insights for the Fire Protection Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fire Protection Services Industry are

  • Having a good technical knowledge of the product
  • Membership of an industry organisation
  • Production of premium goods/services
  • IBISWorld analysts also discuss how external factors such as Demand from commercial and industrial building construction and Demand from institutional building construction in the Fire Protection Services industry impact industry performance..

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    What's in this report

    What is the Fire Protection Services Industry?

    Firms in this industry install and service fire protection systems. Industry operators also provide consultancy services.

    Industry Products
  • Design
  • Sales and installation
  • Recurring servicing
  • Non-recurring servicing
  • Industry Activities
  • Installation of fire protection and suppression systems
  • Fire sprinklers installation
  • Servicing of fire protection and suppression systems
  • Smoke detectors installation
  • Sale of fire protection and suppression systems in conjunction with installation
  • 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 institutional building construction
  • Demand from multi-unit apartment and townhouse construction
  • Business confidence index
  • Demand from heavy industry and other non-building construction

  • Current Performance
  • Commercial construction volatility
  • Multi-unit apartment trends
  • Industry dynamics
  • Chart: Revenue Growth

  • Industry Outlook
  • Commercial construction volatility
  • Multi-unit apartment trends
  • Industry dynamics
  • Table: Fire Protection Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fire Protection 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
  • Sales and installation
  • Recurring servicing
  • Non-recurring servicing
  • Design
  • Chart: Fire Protection Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commercial and industrial building contractors and developers
  • Institutional building contractors and developers
  • Households and residential building contractors
  • Infrastructure developers and mining companies
  • Chart: Major Market Segmentation for the Fire Protection Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Fire Protection Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fire Protection Services Industry

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

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Fire Protection 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 Protection 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
    Carbon Monoxide
  • Is a toxic gas that is emitted during most forms of natural combustion such as fires.
  • Cctv
  • Abbreviation for closed-circuit television, which is the use of video cameras to transmit a signal to a monitor. CCTV is used for monitoring and surveillance.
  • Vertical Integration
  • Refers to companies in a supply chain that united through a common owner to gain cost efficiencies.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fire Protection Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 Protection 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 Protection 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 Protection Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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