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Safe & Vault Manufacturing: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Safe & Vault Manufacturing Market Research Report | NAICS OD5016 | Aug 2016

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

IBISWorld’s Safe & Vault Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • Import penetration is expected to intensify, further undermining operator presence
  • Major import sources include China, Mexico, Canada and Germany
  • Gun ownership is likely to be an even greater boon for the industry's residential market
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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 Investment Chapter

This industry exhibits low to moderate capital intensity. In 2016, IBISWorld expects operators to spend $0.12 on capital for every $1.00 spent on labor. To produce strong and durable safes and vaults, significant capital resources are required, including equipment for handling and manipulating heavy slabs of steel. However, this equipment typically lasts long and has low depreciation rates, contributing to limited annual capital expenditure by operators. Over the five years to 2021, IBISWorld expects capital intensity to increase slightly to account for increased automation of production and reduction of the workforce.

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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... purchase to read more


    Industry ProductsRelated Reports

    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

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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
  • Products & Markets
    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
  • Residential
  • Financial
  • Other commercial markets
  • Exports
  • Public and institutional
  • Chart: Major Market Segmentation for the Safe & Vault Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Safe & Vault Manufacturing
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Safe & Vault Manufacturing Industry
  • Industry Globalization
    Major Companies
    Liberty Safe and Security Products Inc.
    Gunnebo Group
    Diebold Nixdorf Incorporated
    Sentry Group
  • Table: Liberty Safe and Security Products Inc. - financial performance
  • Table: Gunnebo Group - financial performance
  • Table: Diebold Nixdorf Incorporated - financial performance
  • Table: Sentry Group - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Safe & Vault Manufacturing Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Aggregate private investment (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
  • 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.

  • Why Buy this Report?
    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 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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