Automatic Fire Sprinkler System Manufacturing in the US Industry Market Research Report Now Available from IBISWorld

The Automatic Fire Sprinkler System Manufacturing industry has experienced inconsistent revenue flow over the past five years. The bursting of the US housing bubble in the late 2000s hurt demand. The long-awaited recovery of US construction markets is expected to gain traction in 2013. Further economic improvement will decrease unemployment, increase consumer and business spending, and create robust demand conditions for new office buildings, retail locations, factories, hotels, apartments, and other structures that typically contain automatic fire sprinkler systems, causing stronger revenue growth. For these reasons, industry research firm IBISWorld has added a report on the Automatic Fire Sprinkler System Manufacturing industry to its growing industry report collection.

Los Angeles, CA (PRWEB) October 05, 2012

Export demand helped lift the industry into positive territory in 2010: automatic fire sprinkler systems and parts exports soared 15.1% to $117.5 million, Samadi says. Foreign developing markets where construction activity has continued to escalate strongly have been accounting for an increasing share of Automatic Fire Sprinkler System Manufacturing industry revenue. International construction demand is expected to continue growing strongly over the next five years. As more developing and newly industrialized countries grow and attract foreign investment into major metropolitan areas, construction activity abroad will create demand for automatic fire sprinkler systems. IBISWorld estimates that exports will increase at an annualized rate of 2.8% over the five years 2012 to $145.4 million.

A more stringent regulatory environment will also drive demand for industry products. States are beginning to adopt the 2009 version of the international residential code, which mandates that fire sprinklers be installed in new single-family homes. This should encourage more residential home builders to install sprinkler systems in the homes they are constructing, increasing demand for automatic sprinkler systems.

The long-awaited recovery of US construction markets is expected to gain traction in 2013. Further economic improvement will decrease unemployment, increase consumer and business spending, and create robust demand conditions for new office buildings, retail locations, factories, hotels, apartments, and other structures that typically contain automatic fire sprinkler systems. Over the five years to 2017, industry revenue is forecast to grow. The Automatic Fire Sprinkler System Manufacturing industry has a high level of market share concentration, with a small number of national and regional manufacturers. For more information, visit IBISWorlds Automatic Fire Sprinkler System Manufacturing in the US industry report page.

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IBISWorld industry Report Key Topics

This industry manufactures fire-protection systems that use automatic sprinklers. These systems typically consist of a network of pipes connected to a building's water supply. Industry products include devices that detect fire and automatically release water to combat the flames.

Industry Performance

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Automatic Fire Sprinkler System Manufacturing in the US Industry Market Research Report Now Available from IBISWorld