Global Safes And Vaults Market Growth Analysis And Indications – Includes Safes And Vaults Market Share
The Business Research Company’s report goes into great detail on the safes and vaults market size and growth, safes and vaults market regional analysis, safes and vaults market competitive landscape, and other critical information needed to excel in the safes and vaults industry.
Major players in the safes and vaults market include Access Security Products, Alpha Safe & Vault, American Security Products, BJARSTAL, Bode-Panzer, Diebold Nixdorf, Godrej & Boyce, Gunnebo Group, American Security Products Co, Acme Security Systems, CARADONNA, Kumahira Co., Ltd., KASO, Shinjin Safes, and Safeguard Safes.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global safes and vaults market size is expected to grow from $5.33 billion in 2021 to $5.80 billion in 2022 at a compound annual growth rate (CAGR) of 8.87%. The global safe and vault market size is expected to grow to $7.62 billion in 2026 at a CAGR of 7.03%.
North America was the largest region in the safes and vaults market in 2021
The safes and vaults market consists of sales of safes and vaults by entities (organizations, sole traders, and partnerships) that refer to a secure storage system designed to store valuable assets such as money, jewels, valuable documents, and records. Safes and vaults are made up of thick and secure materials to provide protection from theft. Technologically advanced safes and vaults are present with various technology such as fingerprint access, fire-proof safe, flood-proof, and electronic safes.
The increase in crime rate and concern about the safety of valuable assets are expected to propel the growth of the safes and vaults market
Fingerprint-based technologically advanced safes are a key trend in the safes and vault market. Fingerprint-based safes consist of a biometric fingerprint scanner, which scans and stores a detailed image of the fingerprint in encrypted digital format. Once the fingerprints are stored, the biometric scanner recognizes each user’s fingerprint to provide safe and secured access to assets within the system.
TBRC’s global safes and vaults market report is segmented:
By Type: Cash Management Safes, Depository Safes, Gun Safes and Vaults, Vault and Vault Doors, Media Safes, Others
By Application: Residential, Commercial
By Distribution Channel: Online, Offline
By End-User: Banking Sector, Non-Banking Sector
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Safes And Vaults Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the safes and vaults market globally and regionally, analyzes and forecasts market size, share, safes and vaults market players, safes and vaults market segments, leading competitor revenues, profiles and market shares.
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