KN74114

KEY NOTE Report : SECURITY : September 2004

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This report covers:

Companies and Associations covered include: security, industry,manned security, services, electronic security systems, physical security equipment, fire protection equipment, key trade associations, illegal imigrants, data protection, neighbourhood wardens, street wardens,insurance claims, crime level, retail crime, smoke, alarm,alarms,front-door chains, installed burglar alarms, fire extinguishers,personal alarms, spyholes, light-sensitive indoor lights, fire blanket, smoke alarm, door locks, padlocks, window loacks, care immobiliser, vehicle locks,manned guarding, police, public, services, intruder alarms, cameras, dome cameras, lenses, ancillalry equipment, video recorders, monitors, multiplesers,quad splitters, telemetry controllers and receiver, cabling, access control,keypads, card systems,proximity systems, long-range, hands-free systems, systems to control vehicle access, biometric article surveillance, radio frequency, acoustomagnetic, electromagnetic, locks, MAster Locksmiths Association, Assa Abloy, Banhams Patent Locks, ERA Products, Kaba Group, Henry Squire 7 Sons, Safes, Gunnebo Industrier, SMP Security, safess, Autolok Security Products, CE MArshall, Kirected electornics, HUF UK, MetaSystem, Retainagroup, Scorpion Vehicle Security Systems, Toad Group, Tracker Network, Trackstar, Weston Body Hardware, Euralarm,Eurofeu, Apollo Fire Detectors, Cooper Menview, Novar Systems, Protec Fire Detection, Siemens Building Technologies, Tyco Fire and Security,Securitas AB, Group 4 Falck A?S, Assa Abloy AB, Chubb, Securicor, Kidde, Rentokil Initial, Reliance Security,Brinks, UK, Cash fLogistics & Security,Post Office,First Security, Securiplan, Legion Security, Reliance Security,

EXECUTIVE SUMMARY

1	The UK market for private security and fire protection grew by an estimated 9.5% in 2003, to a value of £6.48bn at end-user prices. The market has grown consistently each year since 1999, by a total of 31.2% at current prices.
2	This report divides the market into five broad sectors. Manned security services includes manned guarding and related activities, handling of cash and valuables, and services that have been outsourced to private security companies by police forces and the prison service. Electronic security systems covers intruder alarms, closed-circuit television (CCTV), access control, electronic article surveillance (EAS) and other electronic security systems and devices. Physical security equipment includes locks, safes and other physical barriers, such as shutters and turnstiles. Vehicle security covers vehicle locks, other mechanical devices, security marking, tracking systems and other electronic devices (immobilisers, alarms, etc.) Finally, fire-protection equipment is concerned with active fire protection — that is, detection and alarm systems and fire-extinguishing equipment and materials.
3	After a temporary improvement in 2000/2001, the level of recorded crime in Great Britain has continued its upward trend, with increases in both violent and property crime. This has maintained the pressure on all customer sectors to spend on security measures. There are some signs of improvement with regard to fires: there was a reduction in the incidence of fires within buildings in 2002, the latest year for which statistics exist, and the number of deaths from fires fell between 1998 and 2002. The background to the security and fire-protection market remains favourable, with real growth in the economy, growth in construction output, growth in the number of households, and a recovery in vehicle production after a fall in 2001.
4	The immediate effect of the terrorist attacks of 11th September 2001 was a postponement of investment in the industrial and commercial sectors as business confidence plummeted. As a result, the security market showed slower growth in that year. Since then, the industry has benefited from a heightened awareness of the need for security, particularly in the public sector, and business confidence appears to be improving.
5	Compulsory regulation of the security industry began to be introduced in 2004. This should result in improved confidence in the industry. The costs of manned security are rising for several reasons, including increased spending on recruitment and training in anticipation of regulation. The shortage of suitable staff in the South East and the Minimum Wage are also factors, and the expected tightening up of the Working Time Regulations will increase costs considerably for the industry. This inflationary trend affects activities such as CCTV monitoring, as well as manned guarding.
6	Key Note forecasts that growth in the market at constant prices will exceed real growth in UK gross domestic product (GDP) betweeen 2004 and 2008. The increasing costs in the manned-security sector are likely to outweigh the effect of falling prices for some types of electronic equipment, and overall market growth is likely to be around 7% at current prices in 2004 and 2005.

TABLE OF CONTENTS

Text © 2002 Key Note

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Last updated by Amanda Porteous November 2004