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Increasing demand for fire safety and security solutions in Bangladesh
As a fast growing developing country, Bangladesh is gradually flourishing in its commerce and industry; and, at the same time, the number of workers is also increasing in industries and factories. Along with the Development of Bangladesh’s economy and acceleration of Industrial Safety security, construction, the demand for fire products from it’s Building / industrial protection and the fire department continuously increases every year.
The safety and Security industry in Bangladesh is at a nascent stage and is poised for a strong growth, in the years ahead. The incidents of Rana Plaza disaster, Tazreen Fashions fire and Holy Artisan attack, have brought global attention to occupational safety and physical security in Bangladesh, which has resulted in a gradual change in the safety and security market.
Bangladeshi safety and security equipment and services market is primarily driven by the rapid urbanization and the ongoing globalization wherein, the need for robust and updated security technologies is increasing significantly.
The Government of Bangladesh has declared ‘Vision 2021’ with a target to make Bangladesh as a middle income country. The flourishing economy and rapid growth of other sectors such as pharmaceuticals, hotels, hospitals, power, agriculture, leather, large infrastructure, ICT & telecom, ship breaking etc is also contributing to a gradual development of the market.