The Impact of Covid-19 on the Home Security System Market
The pandemic COVID-19 had a significant impact on the global home security systems market in 2020. Due to manufacturing disruptions and the temporary closure of non-essential transportation, global sales are expected to fall by 5–10% in 2020. COVID-19 has had a significant negative impact on major markets such as the United States and China, as supply chain disruption in China has resulted in a drop in demand for Home Security Solution Market
. Some of the factors affecting demand in China include a decrease in the number of new construction projects and the closure of manufacturing facilities. However, the market is expected to recover in 2021, with the United States and China continuing to dominate the home security systems market.
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