| KN31073 |
| KEY NOTE VEHICLE SECURITY : AUGUST 2003 |
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This report covers: vehicle locks, mechanical immobilisers, security marking, electronic security products, tracking systems, alarms, electronic immobilisers, combined alarms and immobilisers, vehicl crime levels, theft, entry methods, insurance claims, aftermarket, ecommerce
Companies covered include: Autolok Security Products, CE Marshall, Directed Electroonics Inc, HUF UK, MetaSystem, Retainagroup, Scorpion Vehicle Security Systems, Toad Group, Tracker Network (UK), Trackstar, Weston Body Hardware, Alpha Scientific, Barrier Systems Developments, Laserline Direct, NavTrak, Saxon Industries,
| Executive Summary 1 |
| 1. Market Definition 9 |
| REPORT COVERAGE 9 |
| MARKET SECTORS 9 |
| Locks 9 |
| Mechanical Devices and Security Marking 9 |
| Stolen Vehicle Tracking Systems 9 |
| Electronic Immobilisers, Alarms and Other Products 10 |
| MARKET TRENDS 10 |
| Vehicle Production and Car Registrations 10 |
| Table 1: Production and Assembly of Passenger Cars and Commercial Vehicles in Great Britain by Volume (000 and percent), 1998-2002 11 |
| Table 2: New Vehicle Registrations and Total Registered Vehicles on the Road by Volume (million), 1998-2002 11 |
| Vehicle Crime Levels and Costs 12 |
| Table 3: Recorded Cases of Motor Vehicle Crime in England and Wales (number of offences and percent), April to March 1998/1999-2001/2002 12 |
| Table 4: British Crime Survey Estimates on Vehicle Crime in England and Wales (number of cases and percent), 1997-2001/2002 13 |
| Table 5: Vehicle Crime Recorded to the Police in Scotland (number of offences and percent), January to December 1997-2001 14 |
| Table 6: Security Habits of Vehicle Owners in England and Wales ( percent), 2001/2002 14 |
| Insurance Costs 15 |
| Table 7: Insurance Claims Settled for Motor Vehicle Theft (£m), 1998-2002 15 |
| Table 8: Annual Average Household Expenditure on Motor Insurance (£), 1997/1998-2001/2002 15 |
| Lorry Theft Costs 15 |
| Caravan Thefts 16 |
| Motorcycle Thefts 16 |
| Older Cars 16 |
| Thefts of Keys 16 |
| ECONOMIC TRENDS 16 |
| Table 9: Gross Domestic Product in the UK at Current Prices (£m), 1998-2002 17 |
| Table 10: Index of Household Disposable Income per Head (£), 1998-2002 17 |
| MARKET POSITION 17 |
| The UK 17 |
| Overseas 18 |
| Table 11: EU Production of Motor Vehicles by Selected Country ( percent of total vehicles produced), 2001 18 |
| 2. Market Size 19 |
| THE TOTAL MARKET 19 |
| Table 12: The UK Vehicle Security Market by Sector by Value at Current Prices (£m at msp and percent), 1998-2002 19 |
| by market sector 20 |
| Locks 20 |
| Table 13: The Apparent UK Market for Vehicle Locks by Value (£m at msp and percent), 1998-2002 20 |
| Mechanical Devices and Security Marking 21 |
| Table 14: The UK Mechanical Devices and Security Marking Market by Value (£m at msp and percent), 1998-2002 21 |
| Stolen Vehicle Tracking Systems 21 |
| Table 15: The UK Stolen Vehicle Tracking Systems Market by Value (£m at msp and percent), 1998-2002 22 |
| Electronic Immobilisers, Alarms and Other Products 22 |
| Table 16: The UK Electronic Immobilisers, Alarms and Other Products Market by Value (£m at msp and percent), 1998-2002 23 |
| OVERSEAS TRADE 23 |
| General Overview 23 |
| Imports 23 |
| Table 17: Imports of Motor Vehicle Locks by Value (£m and percent),1998-2002 23 |
| Table 18: Imports of Motor Vehicle Alarms by Value (£m and percent), 1998-2002 24 |
| Exports 24 |
| Table 19: Exports of Motor Vehicle Locks by Value (£m and percent), 1998-2002 24 |
| Table 20: Exports of Motor Vehicle Alarms by Value (£m and percent), 1998-2002 25 |
| 3. Industry Background 26 |
| RECENT HISTORY 26 |
| NUMBER OF COMPANIES 26 |
| Employment 26 |
| Table 21: Number of Staff Employed by Some of the Leading Vehicle Security Specialists, Years Ending 31st December 1998-2001 27 |
| REGIONAL VARIATIONS IN THE MARKETPLACE 27 |
| Table 22: Rate of Motor Vehicle Theft in England and Wales by Police Region (cases per 10,000 households), 2001/2002 28 |
| DISTRIBUTION 28 |
| HOW ROBUST IS THE MARKET? 29 |
| LEGISLATION 29 |
| KEY TRADE ASSOCIATIONs 30 |
| Electronic Vehicle Security Association 30 |
| European Secure Vehicle Alliance 30 |
| Motor Insurance Repair Research Centre 30 |
| The Mobile Electronics and Security Federation 30 |
| 4. Competitor Analysis 31 |
| THE MARKETPLACE 31 |
| Locks 31 |
| Mechanical Devices and Security Marking 31 |
| Stolen Vehicle Tracking Systems 31 |
| Electronic Immobilisers, Alarms and Other Products 31 |
| MARKET LEADERS 31 |
| Autolok Security Products Ltd 31 |
| Company Structure 31 |
| Current and Future Developments 32 |
| Financial Results 32 |
| CE Marshall Ltd 32 |
| Company Structure 32 |
| Current and Future Developments 32 |
| Financial Results 33 |
| Directed Electronics Inc 33 |
| Company Structure 33 |
| Current and Future Developments 33 |
| Financial Results 33 |
| HUF UK Ltd 34 |
| Company Structure 34 |
| Current and Future Developments 34 |
| Financial Results 34 |
| MetaSystem UK Ltd 34 |
| Company Structure 34 |
| Current and Future Developments 34 |
| Financial Results 34 |
| Retainagroup Ltd 34 |
| Company Structure 34 |
| Current and Future Developments 35 |
| Financial Results 35 |
| Scorpion Vehicle Security Systems Ltd 35 |
| Company Structure 35 |
| Current and Future Developments 35 |
| Financial Results 35 |
| Toad Group PLC 36 |
| Company Structure 36 |
| Current and Future Developments 36 |
| Financial Results 36 |
| Tracker Network (UK) Ltd 37 |
| Company Structure 37 |
| Current and Future Developments 37 |
| Financial Results 38 |
| Trackstar Ltd 38 |
| Company Structure 38 |
| Current and Future Developments 38 |
| Financial Results 38 |
| Weston Body Hardware Ltd 38 |
| Company Structure 38 |
| Current and Future Developments 38 |
| Financial Results 39 |
| Other Companies 39 |
| Alpha Scientific Ltd 39 |
| Barrier Systems Development Ltd 39 |
| Laserline Direct Ltd 39 |
| NavTrak 40 |
| Saxon Industries Ltd 40 |
| OUTSIDE SUPPLIERS 40 |
| MARKETING ACTIVITY 40 |
| Advertising Expenditure by the Suppliers 40 |
| Table 23: Main Media Advertising Expenditure on Car Security by Value (£000), Years Ending March 2002 and 2003 41 |
| Trade Fairs 41 |
| 5. Strengths, Weaknesses, Opportunities and Threats 42 |
| THE TOTAL MARKET 42 |
| Strengths 42 |
| Weaknesses 42 |
| Opportunities 42 |
| Threats 43 |
| By market sector 43 |
| Locks 43 |
| Strengths 43 |
| Weaknesses 43 |
| Opportunities 44 |
| Threats 44 |
| Mechanical Devices and Security Marking 44 |
| Mechanical Immobilisers 44 |
| Strengths 44 |
| Weaknesses 44 |
| Opportunities 44 |
| Threat 45 |
| Security Marking 45 |
| Strengths 45 |
| Weaknesses 45 |
| Opportunities 45 |
| Threat 45 |
| Stolen Vehicle Tracking Systems 45 |
| Strengths 45 |
| Weaknesses 46 |
| Opportunities 46 |
| Threat 46 |
| Electronic Immobilisers, Alarms and Other Products 46 |
| Electronic/Electromechanical Immobilisers 46 |
| Strengths 46 |
| Weaknesses 46 |
| Opportunities 46 |
| Threats 46 |
| Alarms 47 |
| Strength 47 |
| Weaknesses 47 |
| Opportunity 47 |
| Threat 47 |
| Combined Alarm/Immobiliser Systems 47 |
| Strength 47 |
| Weaknesses 47 |
| Opportunities 47 |
| Threat 47 |
| 6. Buying Behaviour 48 |
| THE NEW VEHICLE MARKET 48 |
| THE AFTERMARKET 48 |
| Table 24: Ownership and Purchasing of Car Alarms ( percent of households), 1996, 1998, 2000 and 2002 48 |
| Table 25: Amount Spent on Car Alarms in the Last 12 Months ( percent of households purchasing), 2002 49 |
| Table 26: Ownership of Car Alarms ( percent of persons in each category), April 2001-March 2002 49 |
| 7. Current Issues 51 |
| CONVENIENCE — AN OPPORTUNITY FOR GROWTH 51 |
| TRACKING SYSTEMS 51 |
| BIOMETRIC DEVICEs 51 |
| the uk AND THE EURO 52 |
| THE CAR theft INDEX 52 |
| improved security 52 |
| 8. The Global Market 53 |
| CANADA 53 |
| Rising Vehicle Crime 53 |
| CHINA 53 |
| The World's Fastest-Growing Car Market 53 |
| EUROPE 54 |
| Car Sales Falling 54 |
| JAPAN 54 |
| Rising Car Crime Causes Security Market Boom 54 |
| TAIWAN 54 |
| Manufacturers Turning Away From the Low-Margin Chinese Market 54 |
| the US 55 |
| 1.2 Million Vehicles Stolen 55 |
| 9. Forecasts 56 |
| INTRODUCTION 56 |
| Vehicle Production and Sales 56 |
| Table 27: Total UK Motor Vehicle Production and Assembly (number of vehicles and percent), January-April 2002 and 2003 56 |
| The Economic Background 56 |
| Table 28: Forecast UK Economic Growth ( percent), 2003-2007 57 |
| FORECASTS 2003-2008 57 |
| Table 29: The Forecast Vehicle Security Market by Sector by Value at Current Prices (£m at msp), 2003-2008 57 |
| FUTURE TRENDS 58 |
| 10. Company Profiles 59 |
| INTRODUCTION 59 |
| Huf Uk Ltd 60 |
| Retainagroup Ltd 62 |
| Scorpion Vehicle Security Systems Ltd 64 |
| Toad Group Plc 66 |
| tracker Network (uk) Ltd 68 |
| trackstar LTD 70 |
| Weston Body Hardware Ltd 72 |
| 12. Further Sources 74 |
| Associations 74 |
| General Sources 75 |
| Bonnier Information Sources 75 |
| Government Publications 79 |
| Other Sources 82 |
| Total output of new motor vehicles in the UK — including cars and commercial vehicles — fell substantially in 2000 and 2001, which had a negative impact on OEM vehicle security products. However, there was an overall increase in vehicle production in 2002, although this remained below its peak level. |
| The cost of car insurance has been rising annually and the incentives to obtain reductions in premium costs by fitting approved vehicle security devices are becoming more attractive, especially for luxury and high-performance cars. |
| Vehicle crime has shown an improvement over the past 5 years, much of which is due to compulsory fitting of immobilisers and other security developments. However, the theft of vehicle keys has started to increase and only the newer types of security system, such as tracking devices and anti-hijacking systems, can combat this type of vehicle crime. |
| Security manufacturers have continued to show a high level of product innovation. While locks and electronic immobilisers will continue to account for the majority of the vehicle security market, newer products and tracking services offer the best opportunities for growth. However, sales of new cars in the UK and Europe are forecast to fall in 2003 and Key Note expects the vehicle security market to decrease in value in 2003 and 2004, before resuming growth in 2005. |
Text © 2003 Key Note
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Last updated by Amanda Porteous July 2003
