The Fire Industry Association (FIA) has published its fourth Market Conditions Review.
The report is a ‘snapshot’ taken every six month to review how the fire protection market is performing. It is based on a survey conducted by the FIA of both FIA member and non-member companies
across the UK.
Wave 4 of the report has revealed that:
- Fire sector continues to grow with orders, invites to tender and enquires all showing strong increases when compared to the previous six months.
- Tender prices are beginning to increase but in general not at the same rate as supplier prices and thus margins still remain ‘squeezed’
- Growth in the sector is also resulting in an increased need for skilled labour and training
CEO of the FIA, Graham Ellicott comments that:
“This is great news for the UK’s fire sector and most notably for FIA Members who in the last six months have received 40% more invitations to tender than did non-members!”
The FIA’s Market Condition Review can be downloaded for free from the FIA website www.fia.uk.com