Safes and Vaults Global Market From 2017 – 2020 | ResearchMoz

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Safes and vaults are secure storage systems used for the protection of valuables from external calamities such as fire breakouts and burglar attacks. In many cases, they are also used to prevent unauthorized access to potentially dangerous items or materials placed within them. The growing crime rates coupled with the affluence of people are necessitating the use of such systems. With the advent of technology, safes and vaults are increasingly being electronically integrated to create smart systems. Manufacturers of safes and vaults have a wide variety in their product portfolio to meet the needs of different customers. The key end-customers of safes and vaults are the banking sector, retail sector, pharmaceutical sector, individual consumers, and other sectors such as logistics, hospitality, and chemicals.

Technavios analysts forecast the global safes and vaults market to grow at a CAGR of 5.52% during the period 2016-2020.

Covered in this report 
The report covers the present scenario and the growth prospects of the global safes and vaults market for 2016-2020. The market size is calculated based on the revenue generated from the sales of safes and vaults in APAC, Europe, and the Americas. The report includes all types of safes and vaults that are used for different applications and for protecting materials from burglary, fire, and other calamities.

The market is divided into the following segments based on geography:

Technavio’s report, Global Safes and Vaults Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors 
American Security Products Co.
Godrej & Boyce
Kaba Group

Other prominent vendors 
Access Security Products
ACME Security Inc.
Alpha Safe & Vault
Bordogna Group
Brown Safe Manufacturing
Bumil Safe Manufacturing
Cannon Safe
CompX International
Fire King
Firelock Fireproof Modular Vaults

Market driver 
Demand from banking sector
For a full, detailed list, view our report

Market challenge 
High total cost of ownership and low repeat purchases
For a full, detailed list, view our report

Market trend 
Digitization of safes and vaults
For a full, detailed list, view our report

Key questions answered in this report 
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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