The UK access control market fell by 1.3pc in 2012, after the market contracted by 1.6pc in the previous year, according to Access Control, a new Market Update from market intelligence company Key Note.
The UK access market has been affected by the recent economic downturn, weak business investment, and a declining construction market. In 2012, the value for business investment at chained volume measures was significantly lower than in 2008. Business investment is important for the access control market, as it provides new buildings which often require security systems, as well as renovating and upgrading existing ones.
The construction sector, a major source of demand for access control products, has also been hit hard. National Statistics suggest that construction output in Great Britain fell by over 10 per cent between 2008 and 2012, while the value for new construction orders fell by over a quarter during the same period.
Most manufacturers and suppliers of access control in the UK are part of large, foreign-owned multinational companies; there are also a number of small, independent UK-based companies and subsidiaries of public limited companies (PLCs) in the market. Key Note forecasts that the UK access control market will grow by 7.3pc by 2017, driven by an ongoing need for protection against crime and the gradual recovery of the UK’s economy.
The document is available to purchase from Key Note on 0845-504 0452, by e-mail at [email protected]
