Industry Analysis & Industry Trends
Safe and secure
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 confidence in banks will improve over the next five years, stable input prices of steel and demand for firearms will bolster industry growth.... purchase to read more
Industry Report - Industry Investment Chapter
Capital intensity in this industry is high, largely as a result of the weight and strength of safe and vault products, their key selling points. However, because of these attributes, significant capital resources are required to prepare a site to handle heavy slabs of steel and to acquire the equipment needed to manipulate those slabs. Enhanced mechanization processes, a relatively recent innovation in the field, have served to increase this ratio as labor costs as a portion of production have been decreasing while capital costs have increased. Capital intensity is expected to continue to increase as automation grows more prevalent throughout the industry... purchase to read more