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Safe & Vault Manufacturing in the US - Industry Market Research Report

  • ID: 2052858
  • Report
  • Region: United States
  • 35 pages
  • IBISWorld
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Security breach: Disposable income growth will boost demand, but imports pose a large threat

Safe & Vault Manufacturing

The Safe and Vault Manufacturing industry manufactures safes that are freestanding metal containers and safes that are built into walls in the form of vaults. Over the five years to 2019, improving disposable incomes and rising gun purchases have spurred purchases of safes and vaults by households. Meanwhile, new business formation and general improvements in business sentiment have spurred purchases of safes and vaults from commercial and institutional customers. Despite growing sales, the industry has been going through several structural challenges, including rising import penetration into the domestic market. The operational efficiency of overseas manufacturing facilities enables foreign producers, particularly in China and Mexico, to produce safes at lower prices relative to US producers. Over the five years to 2024, import penetration is expected to remain steady, continuing to undermine industry operators' presence in the domestic market. To remain competitive, the industry is expected to focus more on new product development, particularly within the commercial-certified safes category.

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, such as 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 THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
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  • Liberty Safe and Security Products Inc.
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