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Safe & Vault Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Safe & Vault Manufacturing Market Research Report | Technology | Security & Safety Systems | Jul 2014

Security breach: Disposable income growth will boost demand, but imports pose a large threat

IBISWorld’s Safe & Vault Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Diebold Diebold market share
Liberty Safe and Security Products Inc. Liberty Safe and Security Products Inc. market share
Sentry Group Sentry Group market share
Industry Statistics & Market Size
Revenue
$435m
Annual Growth 09-14
3.1%
Annual Growth 14-19
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Profit
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Employment
1,689
Businesses
63
Industry Analysis & Industry Trends

During the five years to 2014, 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 2019, 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 SWOT Analysis Chapter

The Safe and Vault Manufacturing industry is in the mature phase of its life cycle. IBISWorld expects the industry's value added (IVA), measuring its contribution to total economic output, to increase at an annualized 1.2% in the 10 years to 2019. This compares unfavorably to projected US GDP growth over the period, at an annualized 2.5%. Although the discrepancy between IVA and GDP growth usually indicates an industry in the midst of decline, the industry is more appropriately described as mature for a variety of other reasons.

Several structural aspects of this industry point to maturity. Industry products are accepted wholly by downstream markets, with persistent domestic and global demand for burglary resistant and fire resistant safes and vaults... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Safe & Vault Manufacturing Industry?

This industry manufactures safes for residential, commercial and banking use. Industry products include freestanding safe containers for storing cash and guns, as well as vault safes built into walls. Services such as safe cracking and repair are excluded from industry operations.

Industry Products
Midsize safesSmall safesLarge safes, including vaults
 
Industry Activities
Manufacturing small safes Manufacturing midsize safes Manufacturing large safes and vault rooms


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