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

Over the five years to 2017, improving disposable incomes, rising gun purchases and increased levels of aggregate private investment have driven demand for products in the Safe and Vault Manufacturing industry. Business clients, particularly retail establishments, purchased industry for commercial purposes, while households purchased safes to store money, valuables and dangerous items, such as guns. However, price-based competition increased, and exports fell and imports rose due to the appreciation of the US dollar. Over the five years to 2022, industry growth is projected to continue to grow, with gun ownership and commercial and banking activity expected to underpin demand. Nonetheless, increasing import penetration will remain a larger threat to the industry moving forward...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • New business formation and general improvements in business sentiment have spurred purchases of safes and vaults
  • International trade has highly influenced the industry’s landscape
  • There will be a persistent, though less extensive, need for small and midsize safes
  • Industry Report - Industry Locations Chapter

    The location of manufacturing establishments is generally influenced by their relative location to major markets and key inputs. Manufacturing establishments also tend to be highly correlated with population density. The Safe and Vault Manufacturing industry is concentrated in the Great Lakes, West and Southeast regions due to the proximity to major manufacturing industries and population centers.Great LakesThe Great Lakes region accounts for an estimated 25.2% of industry establishments. This region is a manufacturing hub with readily accessible steel manufacturing activity. Steel is a primary input for this industry, so locating nearby steel manufacturers helps reduce costs and ensure the availability of raw materials. Dur...purchase to read more.

    Additional Insights for the Safe & Vault Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Safe & Vault Manufacturing Industry are

  • An experienced work force
  • Willingness to outsource
  • Adopting new technologies
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Aggregate private investment in the Safe & Vault Manufacturing industry impact industry performance..

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    What's in this report

    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. Other services, like safe cracking and repair, are excluded from industry operations.

    Industry Products
  • Safe deposit boxes
  • Commercial graded (certified) safes and vaults
  • Home and gun safes
  • Industry Activities
  • Manufacturing small safes
  • Manufacturing midsize safes
  • Manufacturing large safes and vault rooms
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Aggregate private investment
  • Trade-weighted index
  • World price of steel

  • Current Performance
  • Major markets
  • International trade
  • Concentrated industry
  • Chart: Revenue Growth

  • Industry Outlook
  • Persistent demand for safes
  • Import penetration and industry structure
  • Table: Safe & Vault Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Safe & Vault Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Retail Trade
  • Commercial Banking
  • Consumers

  • Key Selling Industries
  • Ball Bearing Manufacturing
  • Iron & Steel Manufacturing
  • Navigational Instrument Manufacturing

  • Products & Services
  • Home and gun safes
  • Commercial graded (certified) safes and vaults
  • Other
  • Safe deposit boxes
  • Chart: Safe & Vault Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Financial and commercial markets
  • Residential
  • All Other
  • Exports
  • Chart: Major Market Segmentation for the Safe & Vault Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Safe & Vault Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Safe & Vault Manufacturing Industry

  • Industry Globalization
    Liberty Safe and Security Products Inc., Diebold Nixdorf Incorporated, Gunnebo Group,
  • Table: Liberty Safe and Security Products Inc. - financial performance
  • Table: Diebold Nixdorf Incorporated - financial performance
  • Table: Gunnebo Group - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Safe & Vault Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Safe & Vault Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Aggregate private investment (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A technology that recognizes the physical aspects of a person, like fingerprints or retinal traits.
  • Certified Safe
  • A safe specifically designed and tested to meet burglary-, fire- or explosion-resistant standards, generally set by UL.
  • Tl Number
  • Issued by UL, these designations refer to a safe or vault's ability to withstand deliberate attack or damage.
  • Ul
  • Previously Underwriters Laboratories, UL is a trade group that tests and issues standards for manufacturing acceptable products. UL is the primary standard setting organization for this industry.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Safe & Vault Manufacturing Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Safe & Vault Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Safe & Vault Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Safe & Vault Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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