The Europe Portable Fire Extinguisher Market would witness market growth of 12.4% CAGR during the forecast period (2020-2026). The rapid increase in urbanization across the world is leading to the growing residential and non-residential construction. Due to this, people are adopting more safety and security measures. All these factors are boosting the growth of the portable fire extinguisher market. Along with that, the government is taking various steps to aware people for the requirement of portable fire extinguishers in all sectors, this helps in pushing the growth of the fire extinguisher market.
There is a need to secure life and cut down the accidental loss of the property caused by fire, these are some of the factors further created the reason to use portable fire extinguisher among the people. Commercialization and Industrialization are other factors that are increasing demand for portable fire extinguishers. Portable fire extinguishers are easy to handle and use, as compared to conventional fire extinguishers, and thus, there is a rise in the demand for portable fire extinguishers.
Although, there are various products available at low prices that act as a substitute for the portable fire extinguisher. This will restrict the growth of the portable fire extinguishers market. At times, portable fire extinguishers face some technical issue which is not safe at all and therefore restricting the growth of the market. The high cost of raw materials is one of the main challenges for the portable fire extinguisher market.
The manufacturing industries are creating high scope for the sales of the portable fire extinguisher market. Portable fire extinguisher manufacturers in the markets are aiming to introduce more advanced product by making it more lightweight and compact to fulfil the rising demand for portability.
Based on Product Type, the market is segmented into Dry Chemical Extinguisher, Carbon Dioxide Extinguisher, Water Extinguisher, Foam Extinguisher, and Others. Based on Distribution Channel, the market is segmented into Non-residential sector and Residential sector. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Portable Fire Extinguisher Market in Europe is expected to register a CAGR of 12.4% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hochiki Corporation, Amerex Corporation (McWane, Inc.), Activar, Inc., Hatsuta Seisakusho Co., Ltd. (YOKOI Manufacturing Ltd.), Ceasefire Industries Pvt. Ltd., Yamato Protec Corporation, Flamestop Australia Pty. Ltd., Desautel SAS, Feuerschutz Jockel GmbH & Co., and Safelincs Ltd. (Nationwide Fire Extinguishers).
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Companies Profiled
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