Security Industry - Market Review
[author:Bharat Book Bureau Public time:Apr 13, 2007] |
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Security Industry - Market Review
The UK market for private security and fire protection grew by an estimated 9.5% in 2003, to a value of £6.48bn at end-user prices. The market has grown consistently each year since 1999, by a total of 31.2% at current prices.
This report divides the market into five broad sectors. Manned security services includes manned guarding and related activities, handling of cash and valuables, and services that have been outsourced to private security companies by police forces and the prison service. Electronic security systems covers intruder alarms, closed-circuit television (CCTV), access control, electronic article surveillance (EAS) and other electronic security systems and devices. Physical security equipment includes locks, safes and other physical barriers, such as shutters and turnstiles. Vehicle security covers vehicle locks, other mechanical devices, security marking, tracking systems and other electronic devices (immobilisers, alarms, etc.) Finally, fire-protection equipment is concerned with active fire protection - that is, detection and alarm systems and fire-extinguishing equipment and materials.
After a temporary improvement in 2000/2001, the level of recorded crime in Great Britain has continued its upward trend, with increases in both violent and property crime. This has maintained the pressure on all customer sectors to spend on security measures. There are some signs of improvement with regard to fires: there was a reduction in the incidence of fires within buildings in 2002, the latest year for which statistics exist, and the number of deaths from fires fell between 1998 and 2002. The background to the security and fire-protection market remains favourable, with real growth in the economy, growth in construction output, growth in the number of households, and a recovery in vehicle production after a fall in 2001.
The immediate effect of the terrorist attacks of 11th September 2001 was a postponement of investment in the industrial and commercial sectors as business confidence plummeted. As a result, the security market showed slower growth in that year. Since then, the industry has benefited from a heightened awareness of the need for security, particularly in the public sector, and business confidence appears to be improving
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Printed From:http://www.free-press-release.com/news/200704/1176454326.html
Source:Free Press Release
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