The personal safety alarms market is growing due to child safety needs, with North America leading. Forecast CAGR is 9% for 2021-2026.
The new report by Expert Market Research titled, ‘Global Personal Safety Alarms Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global personal safety alarms market, assessing the market based on its segments like type, distribution channel and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 9%
The growing need for child safety alarms is driving the market. In 2020, North America held the greatest share of the industry. Sales of personal safety alarms have surged in the United States and Canada as crime rates have risen.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/personal-safety-alarms-market
Industry Definition and Major Segments
Personal safety alarms are standalone or app-based devices that generate a piercing sound when a button or pin is pressed or withdrawn.
On the basis of type, the market covers:
• Mobile Phone App
• Stand-Alone Devices
• Vehicle Based
Based on distribution channels, the market is segmented into:
• Online
• Offline
The major regional markets include:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Market Trends
The global personal safety alarms market is being driven by rising safety concerns. The growing popularity of speciality stores is assisting in the increasing sales of personal safety alarms via the offline channel. The market in North America and Europe is being driven by the growing need for safety among the elderly in the United States and the United Kingdom. Furthermore, in North America, the thriving e-commerce business is fuelling demand for personal safety alarms.
Key Market Players
The major players in the market are BASU Corporation, Doberman Security Products Inc, JNE Security Ltd, Mace Security International Inc (OTCMKTS: MACE), SABRE – Security Equipment Corp, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
The article discusses the growth of the global personal safety alarms market, driven by increasing demand for child safety alarms.
North America, particularly the United States and Canada, is leading the market due to rising crime rates.
Major players include BASU Corporation, Doberman Security Products Inc, and SABRE – Security Equipment Corp.
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