The sold production of fire extinguishers in France has shown notable fluctuations over the past decade. Between 2013 and 2023, production values generally increased with some variances, particularly notable spikes in 2015 and a significant rise in 2020. This growth trend culminated at 336.32 million Euros in 2023. The compound annual growth rate (CAGR) over the last five years stood at 5.98%.
Examining year-on-year variations over the previous two years, 2022 saw a 4.51% increase, followed by a slightly lower growth of 4.28% in 2023. The forecasted data from 2024 onward suggests a continuous upward trend, with the sold production expected to reach 403.25 million Euros by 2028. This projected growth results in a 5-year CAGR of 2.87% and an overall growth rate of 15.22%.
Future trends to watch for include:
- Technological advancements in fire safety equipment
- Increased regulation and safety standards
- Emerging market demand and economic conditions
- Sustainability and eco-friendly innovations in fire extinguishers