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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 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
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 - Industry Key Buyers Chapter

This industry exhibits a moderate to high level of concentration, with the top four companies generating over 52.2% of total industry revenue in 2016. Concentration increases economies of scale in production, thereby limiting costs per unit produced. This is important for operators in a price-competitive and import-saturated industry like this one. Still, these benefits are mainly accrued by the largest operators; the remaining industry is characterized by operators small to medium in size, operating on a localized basis and generating negligible market share. IBISWorld expects concentration to remain high through 2021, as the major players reinforce their advantages in an increasingly saturated and competitive 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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