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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 | Feb 2015

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

IBISWorld’s Safe & Vault Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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
$479m
Annual Growth 10-15
2.5%
Annual Growth 15-20
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Profit
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Employment
1,041
Businesses
43
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 Analysis Chapter

This industry produces safes and vaults for the safekeeping of valuables in residential and commercial spaces. Households are estimated to comprise the major market for industry products. Businesses and banks also generate demand for industry products since they carry large amounts of cash for their daily operations. The recession had opposing effects on these markets, bolstering demand from households skeptical of the banking sector's viability, but suppressing demand for commercial safes. Conversely, economic recovery has subdued demand from households, which are returning to banks for safe deposit, while boosting demand from financial and commercial customers. Overall, revenue has grown an estimated 2.5% in the five years to 2015... 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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