Forecast of the development of the market for fire safety services in the current economic situation in India
The relevance of research
The need to comply with fire safety requirements, as well as the daily tasks of preventing and extinguishing fires, entails the creation of conditions for the appearance of proposals for the provision of services and performance of work in the field of fire safety
Purpose of the study
Analysis of the state of the fire safety services market in India, assessment of the market size, analysis of competitors, as well as identification of factors affecting the fire safety services market
Content
Chapter 1. Key components of the market for fire safety services
1.1. Market size
1.2. Growth rates of the fire safety services market
1.3. Fire safety market trends
1.4. The main problems of the industry
1.5. Stage of the life cycle of the market for fire safety services
1.6. Estimation of the number of buyers and their financial capabilities
1.7. Estimated consumption per capita
1.8. Analysis of sectoral indicators of financial and economic activity
1.9. Price analysis
Chapter 2
2.1. Economic components
2.2. Social Components
2.3. Technological components
2.4. Political Components
2.5. STEP-analysis of the fire safety services market
Chapter 3. Assessment of the degree of competition
3.1. Scale of competition (local, regional, national, global)
3.2. Number of competitors and relative market shares of the largest competitors
3.3. Compact location of industry companies in certain regions
Chapter 4 Industry Forecasts
4.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
4.2. Analysis of the impact on the state aid industry at the current date
4.3. Assessment of the degree of impact of the crisis due to covid-19 on the analyzed market. Barriers existing in the market of fire safety services
4.4. Prospects and growth drivers for the fire safety services market
4.5. Forecast for the development of the fire safety services market in the context of the current economic crisis due to covid-19
Chapter 5 Forecasting Methodology
5.1. Methods for forecasting key industry indicators
5.2. Sources of information for forecasting
5.3. Timing of forecasting
Research excerpt
Chapter 1. Key components of the market for fire safety services
1.1. Market size
The need to comply with fire safety requirements, as well as the daily tasks of preventing and extinguishing fires, entail ...
There are currently two security systems being formed in India –…
The non-state sphere of fire safety (NSPB) is an integral and integral part of …
This list has been updated and significantly expanded ...
At the end of 2020, the market volume amounted to … billion Rs., having increased relative to 2019 by …%. So the coronavirus pandemic...
1.2. Growth rates of the fire safety services market
Market growth rates in the period 2016–2020 let's say...
On average, the market growth rate is …% annually. Over a five-year period, the market managed to grow by …% or by … billion Rs. ... is primarily due to an increase in the number of ...
During 2016–2020 the total number of valid licenses to carry out activities in the field of fire safety increased by … units. or at …%. In 2020, compared to 2019, the total number of licenses issued to carry out activities in the field of fire safety increased by …%.
The largest share in the total number of licenses is occupied by licenses for carrying out activities on ...
Diagram 2. Dynamics of the number of valid licenses to carry out activities in the field of fire safety, 2016–2020, units
1.3. Fire safety market trends
Among the trends in the fire safety services market, it should be noted:
...
1.4. The main problems of the industry
The main issues in the industry include:
–– Lack of weighted …;
–– Imperfection…;
–– Uncertainty of place and role…;
-- Absence …;
...
1.5. Stage of the life cycle of the market for fire safety services
The fire safety services industry is in the phase ... The ... stage is very important for companies, as it creates the most favorable conditions for ...
1.6. Estimation of the number of buyers and their financial capabilities
During 2012–2017 the population of India showed .... However, in 2018 the vector changed - the population of ...
The current demographic situation in India is characterized by …, which is accelerating, and migration growth, which ...
The number of resident population of India as of January 1, 2021, according to preliminary …, amounted to … million people, which is … thousand people less than as of January 1, 2020. A larger reduction was observed in India following the results of …
In general, according to the assessment of the Cabinet of Ministers, the population of India will be …, and positive growth rates are expected only in …
At the same time, the dynamics of real incomes of the population during 2014-2017. of the population is negative, so in 2014 real incomes decreased by …% compared to 2013, in 2015 – by …% compared to 2014, in 2016 – the situation worsened even more – the decrease amounted to …% compared to 2015, in 2017 - ...
According to the results of 2019, real money incomes of Indians increased by …%. The peak value was reached in 3 sq. - ...
According to Rosstat, the real disposable money income of Indians in 2020 decreased by …% compared to 2019. The consequences of the covid-19 pandemic and quarantine restrictions were a decrease in …
For Jan.-Sep. In 2021, real disposable income increased by …% against the same period in 2020. Consumer demand...
States of small and medium enterprises
The number of individual entrepreneurs (IE) and legal entities included in the register of small and medium-sized enterprises in India, ... for three years by ...%, or by ..., follows from the data ...
Of … mln companies existing in India, … mln are individual entrepreneurs, the rest … mln are legal entities.
...
1.7. Estimated consumption per capita
Consumption of fire safety services in general for 2016–2020 demonstrates … dynamics – according to the results of 2020, consumption is …%.
The increase in the indicator was influenced by ...
1.8. Analysis of sectoral indicators of financial and economic activity
According to GidMarket's calculation, based on data on financial indicators …, the gross margin of the fire safety industry in 2017, 2019-2020. … the level of values for all industries as a whole.
In 2020, the indicator amounted to …%, which is by … p.p. … the level of gross margin in all industries.
Profit before tax reflects the share of revenue that remained in the enterprise as profit before tax.
In 2020, the indicator in the fire safety services industry amounted to …%.
Chart 7. Profitability before tax (profit of the reporting period) in the fire safety services industry in comparison with all sectors of the Indian economy, 2016-2020, %
Current liquidity characterizes the extent to which all short-term liabilities of the enterprise are secured by current assets. Shows how many rupees of current assets per unit ... In the study period (except 2017), the indicator was within ... times, which is ... value.
Absolute liquidity shows what part of short-term liabilities can be repaid in ... The indicator of the fire safety industry until 2018 was ... the average values for all industries. In 2020, the absolute liquidity of the industry amounted to … times.
In general, the analysis of sectoral financial ratios of the industry shows, at the end of 2020, …
1.9. Price analysis
Consumer price indices in the fire safety services market annually demonstrate ... The largest increase was recorded in 2016–…. – …%.
The minimum increase was noted in … yr – …%. For Jan.-Oct. In 2021, the price index increased by …%.
The organization's fire safety costs may include the following costs:
...
The cost of installation and maintenance of fire safety equipment for buildings and structures is calculated individually for each client and depends on a number of factors:
...
Here are the average prices for fire alarm maintenance (rooms up to 100 m2) in the context of federal districts. The most expensive prices are observed in … Union Territories – … Rs./month. The cheapest fire alarm service is in the .. Union Territories – on average … Rs./month.
Chapter 2
2.1. Economic components
India GDP
GDP is a macroeconomic indicator that reflects the market value of all final goods and services produced in a year in all sectors of the economy in the territory ...
The dynamics of India's GDP is decisive in the vector of development of the entire economy of the country and determines …
In 2012–2014 the GDP growth rate was positive, but constantly …, and in 2015 it was … In 2015, which was the peak of the crisis in the state, the decline in GDP was …% compared to the previous year is directly proportional to the well-being of citizens, then this indicates ...
In 2016, GDP stagnated, at the end of 2017, this indicator demonstrates …
According to the results of 2017–2019, the dynamics of GDP is positive, but …
In 2020, the decline in India's GDP, according to the second estimate of Rosstat, amounted to …%. This is the biggest drop in GDP since 2009, when the country's economy shrank by …%. According to Rosstat, the decline in GDP is mainly due to …
According to the Ministry of Economic Development, India's GDP for Jan.-Sep. 2021 increased by …% compared to the corresponding period of 2020 …
...
Industrial Production Index
The production index is a relative indicator that characterizes the change in the scale of total industrial production in India in the periods being compared.
From 2012 to 2019 the index of industrial production showed …, in 2020 there is …%.
However, already in 2021, the production index starts …
Chart 11. Indian Industrial Production Index, 2012–Oct. 2021, % to the previous year
...
2.2. Social Components
...
2.3. Technological components
...
2.4. Political Components
...
2.5. STEP-analysis of the fire safety services market
In general, the impact of macro factors on the fire safety services market can be assessed as ...
Factors such as…
Table 6. STEP analysis of factors influencing the market for fire safety services
Chapter 3. Assessment of the degree of competition
3.1. Scale of competition (local, regional, national, global)
...
3.2. Number of competitors and relative market shares of the largest competitors
LLC ""…"" is the largest formation of a private fire department in India, providing fire safety facilities ... The total number of the Company is more than ...
The fire safety services market in India is characterized by … a level of concentration (…, Herfindahl-Hirschman HHI … market).
LLC “…” occupies …% of the market. The share of other major players does not exceed …%.
...
In 2020, the total revenue of the largest operators in the fire safety services market increased by …% and amounted to … billion Rs., therefore, the crisis phenomena in 2020 …
3.3. Compact location of industry companies in certain regions
The largest concentration of fire safety companies in India is located in … – …%. Then follow .... – …%, …
Diagram 15. Compactness of location of companies in the industry in certain regions, 2021, %
Chapter 4 Industry Forecasts
4.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
...
In the first half of 2020, many markets felt the impact of the pandemic and the onset of the economic crisis.
Let us analyze data on the impact of recent crises on the fire safety market (the global crisis of 2008 and the currency crisis in India in 2014).
Table 8. Assessment of the impact of recent crises on the industry
The most significant difference between the current crisis and the previous ones is…
4.2. Analysis of the impact on the state aid industry at the current date
Since the introduction of restrictive measures in India related to the spread of a new coronavirus infection, the state has…
The fire safety industry … is on the lists of the most affected industries in the Indian economy, therefore …
4.3. Assessment of the degree of impact of the crisis due to covid-19 on the analyzed market. Barriers existing in the market of fire safety services
...
4.4. Prospects and growth drivers for the fire safety services market
...
4.5. Forecast for the development of the fire safety services market in the context of the current economic crisis due to covid-19
...
Chapter 5 Forecasting Methodology
5.1. Methods for forecasting key industry indicators
...
5.2. Sources of information for forecasting
...
5.3. Timing of forecasting
...
Diagrams
Diagram 1. Dynamics of the market volume of fire safety services, 2016–2020, billion Rs.
Diagram 2. Dynamics of the number of valid licenses to carry out activities in the field of fire safety, 2016–2020, units
Diagram 3. Stage of the life cycle of the fire safety services market
Diagram 4. Population dynamics in India, as of 01 Jan. 2012–2021, million people
Diagram 5. Dynamics of real incomes of the population of India, % to the previous year, 2012–Sep. 2021
Diagram 6. The volume of consumption in the market of fire safety services per capita, 2016–2020, Rs./person
Chart 7. Profitability before tax (profit of the reporting period) in the fire safety services industry in comparison with all sectors of the Indian economy, 2016-2020, %
Diagram 8. Current liquidity (total coverage) for the fire safety services industry for 2016–2020, times
Diagram 9. Dynamics of India's GDP, 2012-Sep. 2021, % to the previous year
Diagram 10. Monthly dynamics of the US dollar against the rupee, Rs. for 1 US dollar, 2016-Dec. 2021
Chart 11. Indian Industrial Production Index, 2012–Oct. 2021, % to the previous year
Diagram 12. Causes of fires, 2020, %
Chart 13. Shares of the largest competitors in the fire safety services market in 2020, %
Diagram 14. Dynamics of the total revenue of the largest operators of the fire safety services market (TOP-5) in India, 2019–2020, million Rs.
Diagram 15. Compactness of location of companies in the industry in certain regions, 2021, %
Diagram 16. Forecast of the volume of the fire safety services market in 2021–2025, billion Rs.
Tables
Table 1. Number of legal entities and individual entrepreneurs in India units, 2018-2021
Table 2. Gross margin of the fire safety services industry compared to all sectors of the Indian economy, 2016-2020, %
Table 3. Absolute liquidity of the fire safety services industry compared to all sectors of the Indian economy, 2016-2020, times
Table 4. Consumer price indices in the market of fire safety services in India in 2016–Oct. 2021, %
Table 5. Average prices in the market for fire safety services in the Union Territories, 2021, Rs./month
Table 6. STEP analysis of factors influencing the market for fire safety services
Table 7. Main companies participating in the fire safety services market in 2020
Table 8. Assessment of the impact of recent crises on the industry
Table 9. Analysis of the impact on the industry of the state aid proposed as of April 19.12.2021,
Table 10. Forecast indicators of the development of the Indian economy
All reports