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