The private commercial sector remained the most important end user of access control equipment and systems, representing an estimated 48% of the market value in 2002. The public non-residential sector was the second most important demand sector, representing 32% of market value.
The report also draws several other conclusions: the UK market for security alarms and systems stands at £2,638 million, representing a 24% growth since 1998.
NACOSS-approved installations have increased by 15% in 2002 to 3,882, representing an overall growth of 147% since 1998. On-line equipment and installations have increased by 52% to £223.7 million in the latter year. Their proportional importance has also increased from 41% to 44% in 2002.
Sales and installations of audio/video entry systems also increased in each year of the review period, although their proportional importance remained static at approximately 33%.
MBD also provides a market forecast for the next five years. It estimates the UK market for security alarms and systems will continue to grow, reaching £2,890 million in 2007, reflecting an overall increase of 7% in real terms compared with 2003.
Sales of access control equipment are forecast to increase by 9% in real terms between 2003 and 2007, taking the level to £588 million in the latter year, with growth levels tailing off towards the end of the forecast period.
MBD also expects sales of on-line systems to grow by 15% in real terms by 2007, taking sales to £278.7 million. Their proportional importance is anticipated to increase from 45% in 2003 to 47% in 2007. While the sales and rental income of audio/video entry equipment is also expected to rise throughout the forecast period, their importance is expected to decline moderately. And the importance of standalone systems are also expected to decline, with sales fluctuating moderately to reach an estimated £121.1 million in 2007, representing a 1% growth in real terms compared with 2003.
Source
Security Installer
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