DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/8qdpl4/vehicle_security) has announced the addition of the "Vehicle Security Market Report 2014" report to their offering.
This Market Report explores the market for products that are designed to prevent the theft of, or from, motor vehicles, or to assist in the recovery of stolen vehicles. Vehicles covered in this report include cars, motorcycles, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), trailers, caravans, and agricultural, construction and earthmoving plant equipment.
The production of passenger cars and commercial vehicles in the UK plummeted in 2009 by a massive 33.9%, following the outbreak of the global financial crisis. UK vehicle production resumed growth in the following year, and rose further in 2011 and 2012. Despite the increase, UK vehicle production in 2012 is still lower compared with that in 2008.
Vehicle crime in England and Wales has been declining in recent years, partly due to improvements in vehicle security. Government figures show that in 1995, 20 in every 100 households were a victim of vehicle crime, compared with five in every 100 households in 2012/2013. Meanwhile, the number of new vehicle registrations has increased over the same period.
The UK vehicle security market at manufacturers' selling prices (msp) has grown by 56.6% between 2009 and 2013. The most significant increase in sales occurred in 2010. According to Key Note, the other electronic vehicle security services sector is the largest within the UK vehicle security market, and accounted for 43% of total sales at msp in 2013. This sector was followed by vehicle locks, tracking systems and other mechanical devices and security markings.
The UK vehicle security market is dominated by a number of foreign suppliers with subsidiaries in the UK. Leading manufacturers that supply the automotive industry in the UK include Huf UK, which is part of Germany-based automobile locking systems specialist, HUF Group. Cobra UK Ltd is part of Cobra Automotive Technologies SpA of Italy and is also a significant player in the market, while Tracker Network is part of the Royal Bank of Scotland (RBS) Group, and is also a key firm operating in the industry.
The authors estimate that the UK vehicle security market will continue to grow over the next 5 years between 2014 and 2018, rising by 17.5% overall. Growth will be sustained by the gradual economic recovery and the development of more sophisticated vehicle security technology.
Key Topics Covered:
Strengths, Weaknesses, Opportunities and Threats
The Global Market
- 21St Century Technology Plc
- Cobra Uk Ltd.
- Huf Uk Ltd.
- Tracker Network (Uk) Ltd
- Trafficmaster Ltd
For more information visit http://www.researchandmarkets.com/research/8qdpl4/vehicle_security.
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