The forecast for the sold production of burglar or fire alarms in France shows a steady upward trend from 2024 to 2028, with projected volumes growing from 22.575 million items in 2024 to 30.686 million items in 2028. This represents a compound annual growth rate (CAGR) which gradually increases over this period. Assuming that the actual production in 2023 stood slightly below the forecasted value for 2024, a positive growth trend is evident from the consecutive projections.
Future trends to watch for include:
- Potential impact of technological advancements on alarm system features and their appeal in the market.
- Regulatory changes concerning building safety, which could drive demand.
- Modification in consumers' security perception and spending power.