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Safe & Vault Manufacturing - Industry Market Research Report

  • August 2016
  • 39 pages
  • Ibisworld
Report ID: 1156744

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



Abstract

Safe & Vault Manufacturing

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.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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About Safes and Vaults Safes and vaults are secure storage systems that are used to protect valuable items from theft and fire breakouts. They are also used to prevent unauthorized access to valuable ...


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