Safes and Vaults Market Scope
The global Safes and Vaults market is expected to grow in the forecasted period due to the rise in demand for technologically advanced products and increased crime situations. safe and vaults are safes and storage cabinets for the home or office, as well as secure enclosures, deposit and ATM safes, vaults, vault doors, and safe deposit lockers, all independently certified to guarantee protection against burglary, fire or explosives. Increasing demand for advanced products and growth associated with the non-banking sector is expected to stimulate end-users to enhance their safety needs. The high demand for secure lockers owing to the presence of untapped demands and surge in need of better security products. and The rising popularity of handgun and pistol vaults, Growing used of parcel lockers in the e-commerce industry. these are key drivers of the global market.
The market study is being classified by Type (Electronic Type, Fingerprint Type and Mechanical Type), by Application (Commercial and Residential) and major geographies with country level break-up. According to AMA, the Global Safes and Vaults market is expected to see growth rate of 6.0%
The global safes and vaults market is fragmented owing to the presence of several safes and vaults key players who leverage advanced technologies to offer smart safe solutions. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Safes and Vaults market throughout the predicted period.
American Security Products Co. (United States), Godrej & Boyce Manufacturing Co. Limited. (India), Dormakaba (Switzerland), Gunnebo Industries AB (Sweden), Diebold Nixdorf, Incorporated. (United States), Acme Security Systems (United States), Access Security Products Ltd. (United Kingdom), Alpha Safe & Vault, Inc. (United States), Bode-Panzer GmbH (Germany) and BJARSTAL s.a.r.l. (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Gardall Safe Corporation (United States), Bordogna S.r.l (Italy) and Allied Fire & Security (United States).
AdvanceMarketAnalytics has segmented the market of Global Safes and Vaults market by Type, Application and Region.
On the basis of geography, the market of Safes and Vaults has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2018. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
On 13th March 2018, ADT has completed the acquisition of San Francisco-based Acme Security Systems.
- Government Regulations Triggers Innovations in Data Vaults
- Growing Demand for Biometric Safes and Vaults
- Growth in Application Areas among End-Users
- High Adoption from Non-Banking Safes
- Growing ATM Deployments Drive Strong Growth in Demand for Cash Safes
- Increasing Popularity of Smart Safes in Retail Outlets
- High Demand for Highly Advanced Infrastructural Security Needs
- Heavy Venture Capital Investments in R&D Activities to Develop Products with Enhanced Capabilities
- The Growing Concern Regarding Increased Cost of Safes and Vaults Annually
- The Safty and Security Concerns
- Digitalization of Documents and Cashless Transactions
Key Target AudienceSafes and Vaults Manufactures, Safes and Vaults Distributors, Safes and Vaults Suppliers, Government & Industry Associations, Regulatory Bodies and Others
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