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Portable Fire Extinguisher Market Report 2023: Comprehensive Research Study By Key Players: Hochiki Corporation, Ceasefire Industries Pvt. Ltd., Activar Construction Products Group
Portable Fire Extinguisher Market Report 2023
The Business Research Company's Portable Fire Extinguisher Global Market Report 2023 the rise in the number of vehicles as the major driver for the portable fire extinguisher market's growth in the forecast period. For instance, in January 2023, according to the National Automobile Dealers Association (NADA), a US-based trade organization, there were 13.7 million new light-vehicle sales in the United States, with 14.6 million new light-vehicle sales expected in 2023, representing a 6.6% increase above 2022 predictions.
The global portable fire extinguisher market size is expected to grow from $6.91 billion in 2022 to $7.54 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global portable fire extinguisher market size is expected to reach $10.30 billion in 2027 at a CAGR of 8.1%.
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Major competitors in the portable fire extinguisher market are Hochiki Corporation, Ceasefire Industries Pvt. Ltd., Activar Construction Products Group, Yamato Protec Corporation, FlameStop Australia Pty. Ltd., Feuerschutz Jockel GmbH & Co. KG, Morita Holdings Corporation, Johnson Controls International PLC, Britannia Fire, Desautel, Kanex Fire, Hatsuta Seisakusho Co. Ltd., Nationwide Fire Extinguishers, and Fest Fire Security.
A key trend in the portable fire extinguisher market includes product innovations. Companies operating in the portable fire extinguisher market are focused on innovating new products to sustain their position in the market. For instance, in January 2021, CASP Aerospace, a Canada-based product design company, launched the Halotron BrX (stabilized 2-BTP)-filled 375H673 portable fire extinguisher.
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The portable fire extinguisher market is segmented -
• By Agent Type: Chemical-based, Water-based, CO2-based, Metal-based, Powdered-based, Foam-based
• By Fire Type Outlook: Class A, Class B, Class C, Class D, Class K
• By Distribution Channel: Online, Offline
• By Application: Residential, Industrial, Manufacturing, Construction, Warehouse, Factories, Commercial, Vehicles
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the portable fire extinguisher market
The Business Research Company's "Global Portable Fire Extinguisher Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Portable Fire Extinguisher Market Include:
1. Executive Summary
2. Portable Fire Extinguisher Market Characteristics
3. Portable Fire Extinguisher Market Trends And Strategies
4. Portable Fire Extinguisher Market - Macro Economic Scenario
5. Portable Fire Extinguisher Market Size And Growth
……………
27. Portable Fire Extinguisher Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Portable Fire Extinguisher Market
29. Portable Fire Extinguisher Market Future Outlook And Potential Analysis
30. Appendix
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