Industry Analysis & Industry Trends
Over the five years to 2015, improving disposable incomes, rising gun purchases and low confidence in banks has driven demand for products in the Safe and Vault Manufacturing industry. Skepticism about the soundness of the financial sector postrecession prompted several households to store a part of their cash and other valuables at home, while the recovery of the commercial banking sector has created rebounding need for industry products, both attributing to revenue growth. In the five years to 2020, industry growth is projected to slow down due to increasing import penetration, although household safety concerns, gun ownership and commercial and banking activity will continue to underpin demand.... purchase to read more
Industry Report - Industry Locations Chapter
The location of manufacturing establishments is generally influenced by their relative location to major markets and key inputs. Manufacturing establishments also tend to be highly correlated with population density. The Safe and Vault Manufacturing industry is concentrated in the Great Lakes, West and Southeast regions due to their locations near major manufacturing industries and population centers.
The Great Lakes region accounts for an estimated 30.9% of industry establishments. This region is a manufacturing hub with readily accessible steel manufacturing activity. Steel is a primary input for this industry, so locating near steel manufacturers helps reduce costs and ensure the availability of raw materials... purchase to read more