1. Market Research
  2. > Business Services
  3. > Security Services Market Trends
World Security Equipment Market

World Security Equipment Market

  • March 2015
  • 695 pages
  • ID: 1155475

Summary

Table of Contents

World demand to rise 6.8% annually through 2018

World demand for security equipment will advance 6.8 percent annually to $125 billion in 2018. The fastest gains will be in relatively underdeveloped security markets located mainly in Asia, Eastern Europe, Africa, and the Middle East. Because the intensity of security product use is relatively low in these areas, there is still significant growth potential. In addition, these markets will be supported by economic growth, new business formation, foreign investment activity, rising urbanization, and growing middle and upper class populations, which will provide means to invest in security products.

China, India to be fastest growing major markets

Among major individual national markets, the most rapid increases in security equipment demand will be in China and India, which will each register doubledigit annual growth through 2018. These markets will benefit from above average increases in GDP, urban population, and building construction activity. Despite rapid gains over much of the past decade, the usage of many types of security equipment in these countries remains low compared to more mature markets. Security equipment demand in North America is expected to grow 6.5 percent annually through 2018, representing a significant improvement over the 2008- 2013 pace. Growth will be driven by a rebound in construction, and more rapid growth in GDP and consumer incomes. Advances will also be aided by rising penetration for security equipment in Mexico, the least developed market for these products in the region. Gains in Western Europe and Japan will be more modest, but will post stronger growth through 2018 than they did between 2008 and 2013. While these markets will also exhibit growth resulting from improving economies and concerns about crime, their relative maturity will constrain
increases.

Electronic security products to outpace mechanical types

Electronic security products accounted for nearly two-thirds of total global security equipment demand in 2013. These products are also expected to post faster sales advances than mechanical security equipment through 2018. Demand will be driven by improvements in design that give electronic systems greater functionality, while also making them increasingly user-friendly and costeffective. Demand for locks and other mechanical security products will be bolstered by improving economic conditions in developing areas where these products have not yet reached market maturity. Construction gains in the US, Japan, and other more established markets
will also support gains.

Residential market to be fastest growing outlet

The commercial and industrial security equipment market accounted for twothirds of sales in 2013. The dominance of this market reflects the large number of facilities, high potential for loss, and availability of resources for protective purposes. Market gains will be fueled by rising business formation and nonresidential construction activity. However, the fastest growth will be recorded in the residential market, stimulated by factors such as a rebound in global residential construction spending, a high perceived risk of crime among residents in many areas, rising per capita incomes, and the increasingly affordable nature of security equipment.

Study coverage

This upcoming industry study, World Security Equipment, presents historical demand data (2003, 2008, 2013) and forecasts (2018, 2023) by product, market, world region, and for 14 countries. The study also considers key market environment factors, details the industry structure, evaluates company market share and profiles 44 global competitors

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Nicolas helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Surveillance Cameras in the US - Procurement Research Report

Surveillance Cameras in the US - Procurement Research Report

  • $ 1645
  • October 2018

AbstractSurveillance Cameras Procurement in the USThis report is intended to assist buyers of surveillance and security cameras. Surveillance cameras are used to monitor behavior or locations, usually ...

Home Security System Market: Global Forecast until 2023

Home Security System Market: Global Forecast until 2023

  • $ 5650
  • August 2018

Home security system market to grow at 10.40% CAGR from 2018 to 2023The home security system market is expected to reach USD 74.75 billion by 2023 from USD 45.58 billion in 2018, at a CAGR of 10.40% during ...

Private Detective Services in the US - Industry Market Research Report

Private Detective Services in the US - Industry Market Research Report

  • $ 1090
  • August 2018

Increased surveillance: Increasing corporate profit and consumer spending will drive growthAbstractPrivate Detective ServicesOverall, the industry has performed relatively well over the five years to 2018, ...


ref:plp2015

Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on