According to IMARC Group’s latest report, titled “Safes and Vaults Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global safes and vaults market reached a value of US$ 3.6 Billion in 2020. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2021-2026.
Safes and vaults refer to secure storage systems, which are built into walls and floors or are freestanding to safeguard valuables under high-risk situations. They are available in electronic, biometric and mechanical variants and are used for cash management and storing deposits, guns and medical products. They consist of thick metallic paneled doors, which are usually damage resistant. They aid in protecting the contents from extreme weather conditions, robbery, unauthorized access and other intrusions. As a result, they are widely used across both commercial and residential sectors to protect critical records, medical files, ammunition, monetary assets and sensitive documents.
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The global safes and vaults market is primarily being driven by the increasing crime rates and instances of robberies, especially in the developing nations. The growing product demand from the medical industry, which utilizes safes and vaults to protect essential drugs and minimize prescription-related thefts, is also contributing to the market growth. They are also used in the banking sector to safeguard the deposits and automated teller machines (ATMs) and prevent burglary. Furthermore, various product innovations, such as the launch of security systems integrated with timely alerts and auto-locking mechanisms for improved protection and real-time updates through smartphone applications, are providing a thrust to the market growth.
Safes and Vaults Market 2021-2026 Segmentation and Competitive Analysis:
The report has segmented the global safes and vaults market on the basis of region, type, function type, application, end user and region.
Breakup by Type:
Breakup by Function Type:
- Cash Management Safes
- Depository Safes
- Gun Safes and Vaults
- Vaults and Vault Doors
- Media Safes
Breakup by Application:
Breakup by End User:
- Banking Sector
- Non Banking Sector
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape With Key Players:
The competitive landscape of the safes and vaults market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Diebold Nixdorf
- Godrej & Boyce Mfg. Co. Ltd.
- Gunnebo Group
- Alpha Safe & Vault Inc.
- Access Security Products Ltd.
- American Security Products Co.
- Dormakaba Holding AG
- Bode-Panzer GmbH
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Drivers and Success Factors
- Industry Trends
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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