Safe & Vault Manufacturing
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.
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.
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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