Latest fire industry market conditions report published
31 October 2017
THE FIRE Industry Association (FIA) has released the results of the Market Conditions Survey, which provides a snapshot of the current trends within the fire industry nationwide.
Each Wave of the survey is conducted every six month and Wave 9 reveals the impact of the changes in the landscape within the last six months, the trends within the market, as well as other emerging and continuing issues.
In the last six months there have been a lot of events that have had a big impact on the industry as a whole. The survey has revealed how Grenfell Tower and the effects of having ‘no deal’ in Brexit has affected businesses in the fire industry.
“Nobody knows how Brexit will affect us,” commented FIA CEO Ian Moore in his introduction to the report. This may have caused “a degree of reticence in investing in growth and instead focusing on consolidating businesses current position. The one exception to this is UK manufacturing who are seeing strong growth based on exchange rates working to their benefit”, he added.
The major theme that appears throughout the report is that of Grenfell Tower, which was one of the largest tragedies in UK history. The report shows a spike in enquiries post-Grenfell, probably due to an increase of interest in protecting buildings and people from fires following the event.
“Definite increase in the number of quotes being requested and the percentage of quotes taken up, presumable post Grenfell. The demand for fire risk assessments has also risen dramatically,” commented one responder, and many others seem to agree.
“People starting to take fire safety more seriously post Grenfell. Interest in our HMO related products is up,” said another.
However, while there does seem to be an increase in enquiries, there are still some concerns being raised about competence of those working within fire protection.
“More focus on competency and third party accreditation since Grenfell,” said one responder.
Third Party Certification (or TPC) is a criterion for membership of the Fire Industry Association, and helps to set a benchmark of quality for suppliers within the fire sector. For those with certification, this interest in TPC from potential clients will be very welcome.
The FIA’s Market Conditions Report covers a wide range of other areas and provides even further insight into current trends in the market, as well as further details of the impacts of Brexit, Grenfell Tower, and competency on the industry.
You can view the report in full by clicking HERE.