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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 | Aug 2016

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

IBISWorld’s Safe & Vault Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Diebold Diebold market share
Gunnebo Group Gunnebo Group 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
$499m
Annual Growth 11-16
3.4%
Annual Growth 16-21
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Profit
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Employment
1,751
Businesses
44
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 - Starting a New Business Chapter

There are moderate barriers to entering this industry. Significant financial investment is required to acquire, maintain and upgrade production equipment. This cost may deter some companies from entry. In addition, the industry is highly regulated with respect to the manufacturing and certification of certain products, particularly of fire and burglary-resistant vaults at the commercial level.

Other factors may present barriers to success, thereby discouraging entry. Incumbents, especially major players, often have strong relationships with upstream suppliers, intermediary distributors and downstream markets, making it difficult for others to break into the market... 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 like safe cracking and repair are excluded from industry operations.

Industry Products
Safe deposit boxesCommercial graded (certified) safes and vaultsHome and gun safes
 
Industry Activities
Manufacturing small safes Manufacturing midsize safes Manufacturing large safes and vault rooms


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