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Portable Fire Extinguisher Market Trends

Report ID: GMI7999
Published Date: Feb 2024
Report Format: PDF

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Portable Fire Extinguisher Market Trends

The growth in the number of vehicles on the road has led to an increased demand for portable fire extinguishers in automobiles. Many countries have regulations requiring vehicles to carry fire extinguishers, especially in commercial and public vehicles. In addition, the proliferation of commercial spaces, such as shopping malls, hotels, offices, and entertainment venues, has driven the demand for fire safety equipment. Portable fire extinguishers are a crucial component of emergency response systems in these settings, which in turn drives business demand.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of portable fire extinguisher was reached USD 7 billion in 2023 and is set to register a CAGR of over 5% between 2024 and 2032, driven by the increased awareness of the potential risks of fire and the importance of fire safety.

The class A segment was surpassed USD 2.9 billion in 2023 and is anticipated to grow over 2024 and 2032, owing to the increased awareness of residential fire safety, driven by public education campaigns and regulatory recommendations.

Asia Pacific portable fire extinguisher market held a revenue share of 37% in 2023 and is poised to grow rapidly through 2032, driven by the urbanization and industrialization, leading to the construction of residential, commercial, and industrial structures.

Kidde, Ansul, Johnson Controls International plc, Amerex Corporation, UTC Fire & Security, BRK Brands (First Alert), Buckeye Fire Equipment, Fike Corporation, Commander Fire Extinguishers, Strike First Corporation are some of the major industry contenders.