Electronic Article Surveillance Product Manufacturing
Given the substantial revenue losses retailers experience each year due to theft, operators in the sector continue to rely on the Electronic Article Surveillance Product Manufacturing industry to protect their inventories. Similarly, this industry depends heavily on demand from the retail sector for its products, which, through a variety of means, track retail items to combat theft from customers and employees. The retail sector has grown over the past five years due to lower unemployment rates and broad-based economic growth. The return of consumer demand for discretionary purchases, such as clothes and liquor, enabled retailers to bump up in-store prices, collect higher net incomes and ultimately invest in new EAS systems. The industry is expected to continue growing over the five years to 2023, as the retail market remains healthy. However, increasing competition from foreign-produced EAS products will likely continue to pressure the industry, with a growing number of companies offshoring production to low-wage countries.
This industry manufactures electronic article surveillance (EAS) products, which are used to help retailers protect merchandise from theft. Types of EAS technologies include magnetic, acousto-magnetic, radio frequency and microwave systems. Installation services and devices installed at the manufacturing level for purely logistical purposes (source tagging) are excluded from this report.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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