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North America Dominates Share in the Global Riot Control Equipment Market
February 29, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "North America Riot Control Equipment Market - Analysis of Impact, Growth, Opportunities and Challenges (2015-2020)"report to their offering.
Currently North America holds the dominant share in the Global Riot Control Equipment Market, but growth is expected to be extremely modest until 2020. United States is the largest spender on Homeland Security, and the budget of $ 38.7 billion for the year 2015 was the highest in the world.
United States is gradually slowing down its expenditures, so the homeland security budget is not likely to see any spurt in the next few years, but rather will grow slowly but steadily. The North America Riot Control Equipment market is expected to grow at a CAGR of 5.17% till 2020.
United States and Canada are relatively similar in the per capita usage of Riot Control equipment, as the law enforcement and other agencies of both the nations are one of the best equipped in the world. Similar factors affect both the markets, and the products available in the Canadian market are similar to the United States. But the scale of usage in both countries is vast, as United States is far ahead in the number of agencies at work.
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