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Safe & Vault Manufacturing - Industry Market Research Report

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.


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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