This report describes and explains the portable fire extinguisher market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global portable fire extinguisher market reached a value of nearly $6.6 billion in 2023, having grown at a compound annual growth rate (CAGR) of 2.8% since 2018. The market is expected to grow from $6.6 billion in 2023 to $8.6 billion in 2028 at a rate of 5.5%. The market is then expected to grow at a CAGR of 6.4% from 2028 and reach $11.8 billion in 2033.
Growth in the historic period resulted from the strong economic growth in emerging markets, rise in the number of transportation vehicles, rising consumer awareness for personal safety and rising number of fire accidents. Factors that negatively affected growth in the historic period was regulatory compliance and certification.
Going forward, growing commercial and residential construction, rising urbanization, rising government initiatives and growing adoption of the smart city concept will drive the growth. Factor that could hinder the growth of the portable fire extinguisher market in the future include high cost of raw materials.
The portable fire extinguisher market is segmented by agent type into water-based, CO2-based, powder-based, foam-based and other agent types. The powder-based market was the largest segment of the portable fire extinguisher market segmented by agent type, accounting for 36.6% or $2.4 billion of the total in 2023. Going forward, the CO2-based segment is expected to be the fastest growing segment in the portable fire extinguisher market segmented by agent type, at a CAGR of 6.1% during 2023-2028.
The portable fire extinguisher market is segmented by fire type into class A, class B, class C, class D and class K. The class A market was the largest segment of the portable fire extinguisher market segmented by fire type, accounting for 34.9% or $2.3 billion of the total in 2023. Going forward, the class C segment is expected to be the fastest growing segment in the portable fire extinguisher market segmented by fire type, at a CAGR of 5.9% during 2023-2028.
The portable fire extinguisher market is segmented by application into residential, industrial, construction, commercial and vehicles. The industrial market was the largest segment of the portable fire extinguisher market segmented by application, accounting for 36.5% or $2.4 billion of the total in 2023. Going forward, the vehicles segment is expected to be the fastest growing segment in the portable fire extinguisher market segmented by application, at a CAGR of 5.8% during 2023-2028.
The portable fire extinguisher market is segmented by distribution channel into online and offline. The offline market was the largest segment of the portable fire extinguisher market segmented by distribution channel, accounting for 54.1% or $3.6 billion of the total in 2023. Going forward, the online segment is expected to be the fastest growing segment in the portable fire extinguisher market segmented by distribution channel, at a CAGR of 5.9% during 2023-2028.
Asia Pacific was the largest region in the portable fire extinguisher market, accounting for 36% or $2.4 billion of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the portable fire extinguisher market will be Asia Pacific and Western Europe where growth will be at CAGRs of 6.1% and 5.9% respectively. These will be followed by Middle East and South America where the markets are expected to grow at CAGRs of 5.8% and 5.2% respectively.
The global portable fire extinguisher market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 25% of the total market in 2022. Johnson Controls International Plc was the largest competitor with 7.4% share of the market, followed by Ceasefire Industries Pvt. Ltd. with 3.7%, Carrier Global Corp (Kidde) with 2.7%, Buckeye Fire Equipment Company with 2.4%, McWane Inc with 2.2%, Drägerwerk AG & Co. KGaA with 2.1%, Amerex Corporation with 1.6%, Morita Holdings Corporation with 1.4%, HOCHIKI Corporation with 0.8% and Resideo Technologies Inc. with 0.7%.
The top opportunities in the portable fire extinguisher market segmented by agent type will arise in the powder-based segment, which will gain $803.3 million of global annual sales by 2028. The top opportunities in the portable fire extinguisher market segmented by fire type will arise in the class B segment, which will gain $674.8 million of global annual sales by 2028. The top opportunities in the portable fire extinguisher market segmented by application will arise in the industrial segment, which will gain $766.5 million of global annual sales by 2028. The top opportunities in the portable fire extinguisher market segmented by distribution channel will arise in the offline segment, which will gain $1.03 billion of global annual sales by 2028. The portable fire extinguisher market size will gain the most in China at $447.6 million.
Market-trend-based strategies for the portable fire extinguisher market include launch of electrically non-conductive fire extinguishers, innovation in fire extinguishing devices with improved safety features, increased focus on environmentally friendly water mist fire extinguishers and strategic partnerships to develop new fire extinguishing solutions.
Player-adopted strategies in the portable fire extinguisher market include focus on strengthening operational and production capabilities through the launch of new products and new product developments.
To take advantage of the opportunities, the analyst recommends the portable fire extinguisher companies to focus on electrically non-conductive fire extinguishers for enhanced safety, focus on innovative fire extinguishing devices, focus on environmentally friendly water mist fire extinguishers, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions and focus on targeted education and training initiatives for enhanced end-user safety.
The global portable fire extinguisher market reached a value of nearly $6.6 billion in 2023, having grown at a compound annual growth rate (CAGR) of 2.8% since 2018. The market is expected to grow from $6.6 billion in 2023 to $8.6 billion in 2028 at a rate of 5.5%. The market is then expected to grow at a CAGR of 6.4% from 2028 and reach $11.8 billion in 2033.
Growth in the historic period resulted from the strong economic growth in emerging markets, rise in the number of transportation vehicles, rising consumer awareness for personal safety and rising number of fire accidents. Factors that negatively affected growth in the historic period was regulatory compliance and certification.
Going forward, growing commercial and residential construction, rising urbanization, rising government initiatives and growing adoption of the smart city concept will drive the growth. Factor that could hinder the growth of the portable fire extinguisher market in the future include high cost of raw materials.
The portable fire extinguisher market is segmented by agent type into water-based, CO2-based, powder-based, foam-based and other agent types. The powder-based market was the largest segment of the portable fire extinguisher market segmented by agent type, accounting for 36.6% or $2.4 billion of the total in 2023. Going forward, the CO2-based segment is expected to be the fastest growing segment in the portable fire extinguisher market segmented by agent type, at a CAGR of 6.1% during 2023-2028.
The portable fire extinguisher market is segmented by fire type into class A, class B, class C, class D and class K. The class A market was the largest segment of the portable fire extinguisher market segmented by fire type, accounting for 34.9% or $2.3 billion of the total in 2023. Going forward, the class C segment is expected to be the fastest growing segment in the portable fire extinguisher market segmented by fire type, at a CAGR of 5.9% during 2023-2028.
The portable fire extinguisher market is segmented by application into residential, industrial, construction, commercial and vehicles. The industrial market was the largest segment of the portable fire extinguisher market segmented by application, accounting for 36.5% or $2.4 billion of the total in 2023. Going forward, the vehicles segment is expected to be the fastest growing segment in the portable fire extinguisher market segmented by application, at a CAGR of 5.8% during 2023-2028.
The portable fire extinguisher market is segmented by distribution channel into online and offline. The offline market was the largest segment of the portable fire extinguisher market segmented by distribution channel, accounting for 54.1% or $3.6 billion of the total in 2023. Going forward, the online segment is expected to be the fastest growing segment in the portable fire extinguisher market segmented by distribution channel, at a CAGR of 5.9% during 2023-2028.
Asia Pacific was the largest region in the portable fire extinguisher market, accounting for 36% or $2.4 billion of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the portable fire extinguisher market will be Asia Pacific and Western Europe where growth will be at CAGRs of 6.1% and 5.9% respectively. These will be followed by Middle East and South America where the markets are expected to grow at CAGRs of 5.8% and 5.2% respectively.
The global portable fire extinguisher market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 25% of the total market in 2022. Johnson Controls International Plc was the largest competitor with 7.4% share of the market, followed by Ceasefire Industries Pvt. Ltd. with 3.7%, Carrier Global Corp (Kidde) with 2.7%, Buckeye Fire Equipment Company with 2.4%, McWane Inc with 2.2%, Drägerwerk AG & Co. KGaA with 2.1%, Amerex Corporation with 1.6%, Morita Holdings Corporation with 1.4%, HOCHIKI Corporation with 0.8% and Resideo Technologies Inc. with 0.7%.
The top opportunities in the portable fire extinguisher market segmented by agent type will arise in the powder-based segment, which will gain $803.3 million of global annual sales by 2028. The top opportunities in the portable fire extinguisher market segmented by fire type will arise in the class B segment, which will gain $674.8 million of global annual sales by 2028. The top opportunities in the portable fire extinguisher market segmented by application will arise in the industrial segment, which will gain $766.5 million of global annual sales by 2028. The top opportunities in the portable fire extinguisher market segmented by distribution channel will arise in the offline segment, which will gain $1.03 billion of global annual sales by 2028. The portable fire extinguisher market size will gain the most in China at $447.6 million.
Market-trend-based strategies for the portable fire extinguisher market include launch of electrically non-conductive fire extinguishers, innovation in fire extinguishing devices with improved safety features, increased focus on environmentally friendly water mist fire extinguishers and strategic partnerships to develop new fire extinguishing solutions.
Player-adopted strategies in the portable fire extinguisher market include focus on strengthening operational and production capabilities through the launch of new products and new product developments.
To take advantage of the opportunities, the analyst recommends the portable fire extinguisher companies to focus on electrically non-conductive fire extinguishers for enhanced safety, focus on innovative fire extinguishing devices, focus on environmentally friendly water mist fire extinguishers, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions and focus on targeted education and training initiatives for enhanced end-user safety.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Portable Fire Extinguisher Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Portable Fire Extinguisher Market Segmentation
11 Portable Fire Extinguisher Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Portable Fire Extinguisher Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Portable Fire Extinguisher Global Market Opportunities and Strategies to 2033 provides the strategists; marketers and senior management with the critical information they need to assess the portable fire extinguisher market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for portable fire extinguisher? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The portable fire extinguisher market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider portable fire extinguisher market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by agent type, by fire type, by distribution channel and by application.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the portable fire extinguisher market.
- Global Market Size and Growth Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by agent type, by fire type, by distribution channel and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Briefs on competitive dashboard of major players .
- Key Mergers and Acquisitions Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years .
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for portable fire extinguisher providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) by Agent Type: Water-Based; CO2-Based; Powder-Based; Foam-Based; Other Agent Types.2) by Fire Type: Class a; Class B; Class C; Class D; Class K.
3) by Application: Residential; Industrial; Construction; Commercial; Vehicles.
4) by Distribution Type Channel: Online; Offline.
Key Companies Mentioned: Johnson Controls International Plc; Ceasefire Industries Pvt. Ltd; Carrier Global Corp (Kidde); Buckeye Fire Equipment Company; McWane Inc.
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia.
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; portable fire extinguisher indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Johnson Controls International Plc
- Ceasefire Industries Pvt. Ltd
- Carrier Global Corp (Kidde)
- Buckeye Fire Equipment Company
- McWane Inc.
- Drägerwerk AG & Co. KGaA
- Amerex Corporation
- Morita Holdings Corporation
- HOCHIKI Corporation
- Resideo Technologies Inc.
- JIN DUN Group
- Tyco Fire Protection Products (China) Co., Ltd
- China National Machinery Industry Corporation (SINOMACH)
- Jiujiang Fire Fighting Equipment Co., Ltd
- China National Machinery Import and Export Corporation (CMC)
- Ceasefire Industries Pvt. Ltd
- Minimax Fire Solutions Pvt. Ltd
- Safepro Fire Services Pvt. Ltd
- Yamato Protec Corporation
- Nohmi Bosai Ltd
- Tohatsu Corporation
- Wormald Australia Pty Ltd
- Fire & Safety Australia Pty Ltd
- Chubb Fire & Security Pty Ltd
- Komtes Korea Co.
- Ltd Shinda Industry Co Ltd
- Eversafe Extinguisher Co., Ltd
- Salim Ivomas Pratama Tbk PT
- Gunnebo Indonesia
- Indomarine Internusa Group
- Desautel
- Sicli
- Minimax GmbH & Co. KG
- Gloria Haus- und Gartengeräte GmbH & Co. KG
- AFOCER
- Rombull Ronmetall
- Presto Brandsäkerhet AB
- Swedfire AB
- FirePro Systems AG
- Securiton AG
- Safeguard Industries S.r.l
- Sicc Srl
- FirePro Norge AS
- Pyrosec AS
- Britannia Fire Ltd
- Pozhtekhnika LLC
- Ural Fire Technical Company (UFTC)
- Presto Brand Protectie SRL Exon
- Protection SRL
- AFO System
- Spółdzielnia Powszechna Protektor
- Hascor International Group
- Aspo
- s.r.o
- Amerex Corporation
- Kidde Fire Systems
- Ansul Incorporated
- First Alert
- Badger Fire Protection
- Pyro-Chem
- Strike First Corporation
- Bristol Fire Engineering
- Guardian Fire Protection Services
- Brooks Equipment
- Fire Safety de México
- Grupo Fire Systems
- Protección Contra Incendios (PCI)
- Kidde Brasil
- Cyclone Fire Systems
- Amerex Brasil
- Ansul Argentina
- Royal Fire
- Fare Fire S.A
- Firetec
- Prosegur Chile
- Viking Colombia
- Pyro-Chem Peru
- Fireco S.A.
- Grupo Abastible
- Incendium
- NaanDan Fire
- Agrologic Fire Solutions
- Elmag
- Emirates Fire Fighting Equipment Factory (FIREX)
- National Fire Fighting Manufacturing FZCO
- Thomas Bell-Wright International Consultants
- Saudi Factory for Fire Equipment Co
- Al Zamil Group
- NAFFCO KSA
- Fike Corporation Qatar
- Eversafe Qatar
- Vipond Qatar
- Kidde Türkiye
- Macallister Engineering & Trading Co. Ltd
- Sercelik Fire Fighting Equipment
- Redfyre Fire Safety Limited
- Safeguard Industries Nigeria Limited
- Azad Trading Corporation
- Premier Safety Institute Chubb South Africa (Pty) Ltd
- Spero Group (Pty) Ltd
- Fire Fighter Industry Ltd
- Firewise Systems Ltd
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 303 |
Published | May 2024 |
Forecast Period | 2023 - 2033 |
Estimated Market Value ( USD | $ 6.6 Billion |
Forecasted Market Value ( USD | $ 11.8 Billion |
Compound Annual Growth Rate | 6.0% |
Regions Covered | Global |
No. of Companies Mentioned | 102 |