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