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