|
RELEASED: SEPTEMBER 2008
After researching the UK access control market development and taking into account various other factors the following conclusions can be drawn from MBD's report:
MARKET REVIEW 2003-2007:
The value of the access control market (including sales and rental income) is estimated to have reached £656 million in 2007, equivalent to nominal growth of 5% in the year. This follows similar annual growth levels of between 5% and 7% recorded in the previous three years. Since 2003, the value of the market has increased by an estimated 26%. Furthermore, access control has continued to gain share from the overall security systems & alarms market, with the proportional importance rising from 19% in 2003 to an estimated 23% in 2007. Indeed, access control has remained one of the most buoyant sectors of the security alarms and systems market during recent years, largely reflecting the development of more sophisticated and higher value systems. Furthermore, demand has been generated by the heightened perceived threat of terrorism, which has increased the focus on security in commercial and public buildings. Growth has also been facilitated by increased construction output in the private commercial sector and the rise in the number of flats and apartments. Insurance requirements have also become more stringent in recent years, increasing demand for access control equipment.
MARKET FORECAST 2008-2012:
Demand for access control equipment and systems is anticipated to increase throughout each year of the forecast period, albeit at moderate annual levels, with growth not expected to exceed 3%. The value of the market is expected to increase by 3% in real terms to £761 million (at 2007 prices) in 2012, also equivalent to overall cumulative growth of 15% compared with the latest year of the review period. The market for access control is projected to continue to benefit from the trend towards integrated security systems evident during the latter half of the review period. Demand for IP based open-architecture systems, enabling the integration of access control with other security services is likely to continue.
NOTE TO EDITORS:
MBD specialises in business to business market research. The range of reports and industries in which we operate in constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.
Click here for full details of the UK Access Control Market Research Report
MBD WELCOMES PRESS ENQUIRIES:
Press releases on the latest MBD market research reports can be sent to editors and journalists involved in trade magazines.
Full press releases are available, please email your request, along with the magazine title you are writing for, to pressoffice@mbdltd.co.uk.
|
