With all the recent financial instability 2011 sales of safes and vaults in the US are estimated at $863M by IBISWorld and are projected to reach $1B by 2016. According to IBISWorld analyst, Nima Samadi, about 324 banks failed during the past five years. Given this uncertainty and instability, “many consumers opted to take their money out of banks and purchase home safes to safeguard their money and valuables,’ says Samadi (more on this report here).

Looking at the glass half full that's definitely been good news for US safes manufacturers.