Safe & Vault Manufacturing in the US - Industry Market Research Report
Description
Safe & Vault Manufacturing in the US
Safe and vault manufacturers have thrived as consumers and businesses require secure storage for cash, gold, guns, documents and other valuable items. Residential consumers buy small and medium-size safes to store cash as a security measure for home invasions. Looming regulations regarding gun ownership have also caused homeowners to purchase guns for safety purposes. Guns are best kept safe in a secure storage unit and gun safes provide just that. While safes and vaults are a staple among commercial businesses and banks, these markets do not purchase safes or vaults frequently. Hospitals and clinics have been a bright spot for manufacturers, using safes and vaults to store medicine, sensitive documents, equipment and vaccinations. Overall, industry revenue is expected to increase at a CAGR of 3.5% over the five years, reaching an estimated $821.7 million in 2023, including a 1.7% fall in 2023.
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.
Safe and vault manufacturers have thrived as consumers and businesses require secure storage for cash, gold, guns, documents and other valuable items. Residential consumers buy small and medium-size safes to store cash as a security measure for home invasions. Looming regulations regarding gun ownership have also caused homeowners to purchase guns for safety purposes. Guns are best kept safe in a secure storage unit and gun safes provide just that. While safes and vaults are a staple among commercial businesses and banks, these markets do not purchase safes or vaults frequently. Hospitals and clinics have been a bright spot for manufacturers, using safes and vaults to store medicine, sensitive documents, equipment and vaccinations. Overall, industry revenue is expected to increase at a CAGR of 3.5% over the five years, reaching an estimated $821.7 million in 2023, including a 1.7% fall in 2023.
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.
Table of Contents
45 Pages
- 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
Search Inside Report
Pricing
Currency Rates
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