Global Safes and Vault Market Overview
According to SPER Market Research, the Global Safes and Vault Market is estimated to reach USD 16.49 billion by 2032 with a CAGR of 8.34%.
The term "safes and vaults" refers to a secure storage system created to house priceless items including cash, jewellery, important documents, and records. Thieves are deterred by the heavy, sturdy materials used to construct safes and vaults. There are currently technologically sophisticated safes and vaults with a variety of technology, including fingerprint access, fireproof, flood proof, and electronic safes.
The global market for safes and vaults is an expanding industry that provides secure storage solutions for valuable items, cash, and important documents. These storage solutions are designed to offer protection against theft, fire, and other potential threats, providing customers with a sense of security and peace of mind. Market growth is fuelled by a variety of factors, including the increasing demand for advanced security solutions due to rising criminal activities and the growing number of financial institutions and commercial establishments. Additionally, the focus on safeguarding sensitive and confidential information is also driving market expansion.
The market offers a diverse range of products, including floor safes, wall safes, gun safes, and vaults, among others. These products are crafted using different materials such as steel, aluminium, and composite materials. The market is highly competitive, with many established players competing for market share. It is anticipated that the market will continue to grow in the future, as the demand for secure storage solutions continues to increase and the adoption of digital security solutions gains traction, driving market expansion. Additionally, the market is likely to benefit from the growing trend of smart homes and the integration of technology into security solutions.
Impact of COVID-19 on the Global Safes and Vault Market
The safes and vaults sector has seen ongoing investments in its advancements and has significantly increased its contribution to economic growth. Unfortunately, the COVID-19 pandemic epidemic has had a significant impact on this sector of the economy, creating instability. In addition, it has been noted that a lack of liquidity and heightened uncertainty in the economy cause certain banks to close their vaults while the crisis lasts. Yet, factors like standardizing vaults and safes and quality control for financial institutions, banks, and many others, are predicted to enhance the replacement of obsolete and out-of-date instruments, which indirectly increases the demand for better and higher-quality safes in the market. Governments all across the world have enacted COVID-19-related policies, including travel restrictions, closures of specific enterprises, restrictions on public gatherings and group activities, shelter-in-place orders, curfews, and advice to adopt social seclusion. Due to these limitations, activity has weakened and manufacturing facilities have had too temporarily close.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Function, By Industry, By End Users.
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | Alfa Safes and Vault Inc., caradonna, Diebold Nixdorf, Godrej, Gunnebo, Incorporated, Kaso, Kumahira Co. Ltd., American Security Products Ltd., Safegaurd Safe, Shinjin Safe, Boyce Mfg Co. Ltd. ADT Inc., Dormakaba Holding AG
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Target Audience:
- BFSI Sector
- Safes and Vaults Manufacturers
- Retailers and Wholesalers
- Investors & Government Institutions
Global Safes and Vault Market Segmentation:
1. By Type:
- Traditional
- Electronic
- Biometric
2. By Function:
- Cash Management
- Depository Safes
- Gun Safes and Vaults
- Vaults and Vault Doors
- Media Safes
3. By Industry:
4. By End Users:
- Banking Sectors
- Non-Banking Sectors
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Safes and Vault Market (FY’2019-FY’2032)
- Overview of Global Safes and Vault Market
- Segmentation of Global Safes and Vault Market By Type (Traditional, Electronic, Biometric, Others)
- Segmentation of Global Safes and Vault Market By Function (Cash Management, Depository Safes, Gun Safes and Vaults, Vaults and Vault Doors, Media Safes)
- Segmentation of Global Safes and Vault Market By Industry (BSFI, Non-BSFI)
- Segmentation of Global Safes and Vault Market By End Users (Banking Sectors, Non-Banking Sectors)
- Statistical Snap of Global Safes and Vault Market
- Growth Analysis of Global Safes and Vault Market
- Problems and Challenges in Global Safes and Vault Market
- Competitive Landscape in the Global Safes and Vault Market
- Impact of COVID-19 and Demonetization on Global Safes and Vault Market
- Details on Recent Investment in Global Safes and Vault Market
- Competitive Analysis of Global Safes and Vault Market
- Major Players in the Global Safes and Vault Market
- SWOT Analysis of Global Safes and Vault Market
- Global Safes and Vault Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Safes and Vault Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Safes and Vault Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Safes and Vault Market
7. Global Safes and Vault Market, By Type, 2019-2032 (USD Million)
7.1 Traditional
7.2 Electronic
7.3 Biometric
7.4 Others
8. Global Safes and Vault Market, By Function, 2019-2032 (USD Million)
8.1 Cash Management
8.2 Depository Safes
8.3 Gun Safes and Vaults
8.4 Vaults and Vault Doors
8.5 Media Safes
9. Global Safes and Vault Market, By Industry, 2019-2032 (USD Million)
9.1 BSFI
9.2 Non-BSFI
10. Global Safes and Vault Market, By End Users, 2019-2032 (USD Million)
10.1 Banking Sectors
10.2 Non-Banking Sectors
11. Global Safes and Vault Market, By Region, 2019-2032 (USD Million)
11.1 Global Safes and Vault Market Size and Market Share by Region (2019-2025)
11.2 Global Safes and Vault Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12.Company Profiles
12.1 Alfa Safes and Vault Inc.
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Caradonna
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Diebold Nixdorf
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Godrej
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Gunnebo
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Incorporated
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Kaso
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Kumahira Co. Ltd
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 American Security Products Ltd.
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 Safegaurd Safe
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 Shinjin Safe
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12 Boyce Mfg. Co. Ltd
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
12.13 ADT Inc.
12.13.1 Company details
12.13.2 Financial outlook
12.13.3 Product summary
12.13.4 Recent developments
12.14 Dormakaba Holding AG
12.14.1 Company details
12.14.2 Financial outlook
12.14.3 Product summary
12.14.4 Recent developments
13.List of Abbreviations
14.Reference Links
15.Conclusion
16.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
