In 2023, the UK produced approximately 2.146 million fire extinguishers. The forecast data for 2024 to 2028 indicate a gradual decrease in production volumes, projecting a decline from 2.143 million to 2.130 million units. This represents an average annual decrease (CAGR) of approximately 0.13% over the five-year period. Year-on-year variations show a consistent decline of approximately 0.16% each year.
Future trends to watch for include:
- Technological advancements in fire safety equipment potentially affecting demand.
- Evolving regulations and safety standards influencing production levels.
- International market dynamics and export opportunities for UK producers.