The historical data from 2013 to 2023 shows a fluctuating yet clearly declining trend in the sold production of fire extinguishers in the UK, with value expressed in Million Euros. In 2023, the value stood at 36.735 million Euros, a significant reduction from the previous years. The most notable declines occurred in 2016 and 2019, with reductions of 47.34% and 44.14% year-on-year, respectively.
Over the last two years (2021-2023), the market continued its downward trajectory, with year-on-year declines of 8.76% in 2022 and 9.41% in 2023. The 5-year compound annual growth rate (CAGR) from 2018 to 2023 was negative, at -14.25%. This negative trend is expected to persist, with the CAGR forecasted at -12.39% for the next five years (2024-2028), predicting a further 48.37% decrease in value by 2028.
Future trends to watch for include the impact of technological advancements in fire suppression systems, shifts towards more integrated and automated security solutions, and potential market changes driven by regulatory updates and sustainability initiatives. The ongoing decline highlights a need for innovation within the industry to counteract the downward trajectory.
