Industry Analysis & Industry Trends
Demand for the Safe and Vault Manufacturing industry remained resilient during the recession, as low confidence in banks and financial institutions drove consumers to buy personal safes. While stable input prices of steel and demand for firearms will bolster demand for safes, imports will pose a greater threat.... purchase to read more
Industry Report - Starting a New Business Chapter
While there are few explicit barriers to entry, there are some factors that deter entry. A significant financial investment is required to acquire, maintain and update plant and equipment. This cost may deter some firms from entering the industry. Machinery operators also need to be trained, but these costs are relatively insignificant. The rising unemployment level in the United States has lowered some of the difficulty in obtaining a work force with the required skills.
R&D is necessary for product innovation. To effectively compete, an entrant must be committed to spending a significant amount on R&D... purchase to read more