$4.8bn
$XXX.Xm
11,245
301
$XXX.Xm
Alarm, horn and traffic control equipment manufacturers create essential systems for a wide range of industrial, construction, institutional, retail and government markets. The pandemic halted most key markets, causing revenue and profit to plummet in 2020. Strong residential construction markets and rebounding consumer demand supported growth in 2021 and 2022, though climbing interest rates have stifled growth at the end of the current period. Similarly, rebounding investment in industrial machinery, equipment and manufacturing structures has created opportunities for alarm, horn and traffic control equipment manufacturers. Overall, revenue contracted at an expected CAGR of 1.2% to $4.8 billion through the current period, despite a 1.3% jump in 2024, where profit rebounded to 6.6%.
Industry revenue has declined at a CAGR of 1.2 % over the past five years, to reach an estimated $4.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Carrier Global Corporation | 1,612.4 | 167.0 | 10.4 | |
Honeywell International Inc. | 479.9 | 93.4 | 19.5 | |
Johnson Controls International Plc | 238.0 | 35.6 | 15.0 |
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Industry revenue is measured across several distinct product and services lines, including Vehicle and pedestrian traffic-control equipment, Alarms systems and Intercommunication systems. Vehicle and pedestrian traffic-control equipment is the largest segment of the Alarm, Horn & Traffic Control Equipment Manufacturing in the US.
Alarms are necessary across a wide range of sectors
This industry manufactures communications equipment including alarm systems, hazard detection systems, traffic signals, sirens and intercom systems. This industry excludes telephone apparatuses, radio and TV broadcast equipment and wireless communications equipment.
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NAICS 33429 - Alarm, Horn & Traffic Control Equipment Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Downstream performance dictates demand for alarm manufacturing. A healthy recovery in industrial production, manufacturing and construction will support the industry's recove...
Learn about an industry's products and services, markets and trends in international trade.
Improved alarm systems are essential in numerous sectors. Most governments have legal mandates regarding fire and carbon monoxide alarms, while most buildings have burglary a...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Most manufacturers operate near key buyers and suppliers. Companies with establishments near supply chain members can limit transportation costs and form stronger relationshi...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Companies have increasingly offered advanced safety and alarm systems. Increased accuracy and detection can appeal to buyers despite higher prices.
Learn about the performance of the top companies in the industry.
Carrier has a dominant share of the alarm, horn and traffic control equipment market. The company has strengthened its position through a wide range of value-added products i...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Companies must meet product standards. Government agencies regulate fire, smoke and carbon monoxide alarms and set minimum efficacy standards.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchase costs are the largest expense for alarm, horn and traffic control equipment manufacturers. Supply chain disruptions have led to input price volatility for most manuf...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Alarm, Horn & Traffic Control Equipment Manufacturing in the US industry in United States is $4.8bn in 2024.
There are 301 businesses in the Alarm, Horn & Traffic Control Equipment Manufacturing in the US industry in United States, which has declined at a CAGR of 0.8 % between 2019 and 2024.
The market size of the Alarm, Horn & Traffic Control Equipment Manufacturing in the US industry in United States has been declining at a CAGR of 1.2 % between 2019 and 2024.
Over the next five years, the Alarm, Horn & Traffic Control Equipment Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Alarm, Horn & Traffic Control Equipment Manufacturing market in United States are Carrier Global Corporation, Honeywell International Inc. and Johnson Controls International Plc
Vehicle and pedestrian traffic-control equipment and Alarm systems are part of the Alarm, Horn & Traffic Control Equipment Manufacturing in the US industry.
The company holding the most market share in United States is Carrier Global Corporation.
The level of competition is moderate and steady in the Alarm, Horn & Traffic Control Equipment Manufacturing in the US industry in United States.