FIA publishes fourth Market Conditions Review

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 here.