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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 | Jul 2014

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

The Safe & Vault Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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
$435m
Annual Growth 09-14
3.1%
Annual Growth 14-19
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Profit
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Employment
1,689
Businesses
63
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 - Starting a New Business Chapter

While there are few explicit barriers to entry, there are some factors that deter entry. A significant financial investment is required to acquire, maintain and update plant and equipment. This cost may deter some firms from entering the industry. Machinery operators also need to be trained, but these costs are relatively insignificant. The rising unemployment level in the United States has lowered some of the difficulty in obtaining a work force with the required skills.

R&D is necessary for product innovation. To effectively compete, an entrant must be committed to spending a significant amount on R&D... 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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