Alarm, Horn & Traffic Control Equipment Manufacturing in the US - Industry Market Research Report

On the horn: Alarm manufacturers will be aided by more companies constructing new facilities

Alarm, horn and traffic control equipment manufacturers meet an essential but often overlooked need across industries. As the world has gotten safer over the years thanks to extensive policies to prevent catastrophes, a key component of this is the alarm system, alerting people to any potential danger. So, alarms, horns and traffic control equipment are used across various industries. The pandemic brought most industries to a screeching halt, dragging down alarm manufacturers and shrinking profit. The swell of commodity prices as supply lagged in the wake of pandemic-related restrictions facilitated increased investment in industrial machinery, providing a bright spot for manufacturers even as alarm manufacturers' other key customers, auto and construction-related industries, still struggled. Altogether, industry revenue has been falling at a CAGR of 1.8% to $4.5 billion over the past five years, including a forecasted drop of 0.9% in 2023 alone. This industry manufactures communications equipment including alarm systems, hazard detection systems, traffic signals, sirens and intercom systems. This industry excludes telephone apparatuses, radio and TV broadcast equipment and wireless communications equipment. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.