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Safes and Vaults Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

The global safes and vaults market reached a value of US$ 4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.24 Billion by 2027, exhibiting at a CAGR of 7.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Safes and vaults refer to secure storage systems that are used for safekeeping valuable commodities under high-risk situations. They are containers manufactured using thick metal panels that are hard to cut or damage by applying force or external pressure. They are primarily used for protection against exposure to fire, moisture and chemicals, extreme weather conditions, theft, burglary, robbery and other forms of intrusion and unauthorized access. They can secure and protect monetary assets, arms and ammunition, sensitive documents, critical records, medial files and other items. Safes and vaults are available in a wide variety of shapes and sizes and are usually opened through passwords, passcodes or numerical pins.

 

 
 

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Safes and Vaults Market Trends:

A significant increase in the crime rate and rising concerns regarding the safety of valuable assets among the masses are one of the key factors driving the growth of the market. In line with this, there is an increasing preference for safes and vaults that can be used for cash dispensing, storing media data, and laptops and are resistant to fire, shock and water. Furthermore, widespread product adoption by the healthcare industry is also driving the market growth. Pharmacists and healthcare institutions are increasingly utilizing password-protected safes and vaults to minimize prescription-related thefts and drug burglaries. Additionally, the increasing demand for technologically advanced variants that are integrated with alarms, video monitoring systems, seismic detectors, finger-print scanners and auto-locking mechanisms, is acting as another growth inducing factor. These systems aid in monitoring access to the safes and provide timely alerts in case of unauthorized access in the banking, non-banking and residential sectors.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global safes and vaults market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, function type, application and end user.

Breakup by Type:

 

 
 

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  • Electronic
  • Biometric
  • Mechanical
     

Breakup by Function Type:

  • Cash Management Safes
  • Depository Safes
  • Gun Safes and Vaults
  • Vaults and Vault Doors
  • Media Safes
  • Others
     

Breakup by Application:

  • Residential
  • Commercial
     

Breakup by End User:

  • Banking Sector
  • Non-Banking Sector
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Access Security Products Ltd., ADT Inc., Alpha Safe & Vault, Inc., American Security Products Co., BJARSTAL, Bode-Panzer GmbH, Diebold Nixdorf, Dormakaba Holding AG, Godrej & Boyce Mfg. Co. Ltd. and Gunnebo Group.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Function Type, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Access Security Products Ltd., ADT Inc., Alpha Safe & Vault, Inc., American Security Products Co., BJARSTAL, Bode-Panzer GmbH, Diebold Nixdorf, Dormakaba Holding AG, Godrej & Boyce Mfg. Co. Ltd. and Gunnebo Group
Customization Scope 10% Free Customization
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Safes and Vaults Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    Electronic
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Biometric
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Mechanical
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Function Type
    7.1    Cash Management Safes
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Depository Safes
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Gun Safes and Vaults
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Vaults and Vault Doors
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Media Safes
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8   Market Breakup by Application
    8.1    Residential 
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by End User
    9.1    Banking Sector
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Non-Banking Sector
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast 
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Access Security Products Ltd.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
        15.3.2    ADT Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis 
        15.3.3    Alpha Safe & Vault Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
        15.3.4    American Security Products Co.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
        15.3.5    BJARSTAL
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
        15.3.6    Bode-Panzer GmbH
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
        15.3.7    Diebold Nixdorf
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Dormakaba Holding AG 
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
        15.3.9    Godrej & Boyce Mfg. Co. Ltd.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
        15.3.10    Gunnebo Group
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials

List of Figures

Figure 1: Global: Safes and Vaults Market: Major Drivers and Challenges
Figure 2: Global: Safes and Vaults Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Safes and Vaults Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Safes and Vaults Market: Breakup by Type (in %), 2021
Figure 5: Global: Safes and Vaults Market: Breakup by Function Type (in %), 2021
Figure 6: Global: Safes and Vaults Market: Breakup by Application (in %), 2021
Figure 7: Global: Safes and Vaults Market: Breakup by End User (in %), 2021
Figure 8: Global: Safes and Vaults Market: Breakup by Region (in %), 2021
Figure 9: Global: Safes and Vaults (Electronic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Safes and Vaults (Electronic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Safes and Vaults (Biometric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Safes and Vaults (Biometric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Safes and Vaults (Mechanical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Safes and Vaults (Mechanical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Safes and Vaults (Cash Management Safes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Safes and Vaults (Cash Management Safes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Safes and Vaults (Depository Safes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Safes and Vaults (Depository Safes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Safes and Vaults (Gun Safes and Vaults) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Safes and Vaults (Gun Safes and Vaults) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Safes and Vaults (Vaults and Vault Doors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Safes and Vaults (Vaults and Vault Doors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Safes and Vaults (Media Safes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Safes and Vaults (Media Safes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Safes and Vaults (Other Function Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Safes and Vaults (Other Function Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Safes and Vaults (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Safes and Vaults (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Safes and Vaults (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Safes and Vaults (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Safes and Vaults (Banking Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Safes and Vaults (Banking Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Safes and Vaults (Non-Banking Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Safes and Vaults (Non-Banking Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North America: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North America: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: United States: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: United States: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Canada: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Canada: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Asia Pacific: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Asia Pacific: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: China: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: China: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Japan: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Japan: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: India: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: India: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: South Korea: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: South Korea: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Australia: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Australia: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Indonesia: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Indonesia: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Europe: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Europe: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Germany: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Germany: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: France: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: France: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: United Kingdom: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: United Kingdom: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Italy: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Italy: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Spain: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Spain: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Russia: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Russia: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Latin America: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Latin America: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Brazil: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Brazil: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Mexico: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Mexico: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Middle East and Africa: Safes and Vaults Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Middle East and Africa: Safes and Vaults Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Global: Safes and Vaults Industry: SWOT Analysis
Figure 84: Global: Safes and Vaults Industry: Value Chain Analysis
Figure 85: Global: Safes and Vaults Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Safes and Vaults Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Safes and Vaults Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Safes and Vaults Market Forecast: Breakup by Function Type (in Million US$), 2022-2027
Table 4: Global: Safes and Vaults Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Safes and Vaults Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Safes and Vaults Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Safes and Vaults Market: Competitive Structure
Table 8: Global: Safes and Vaults Market: Key Players


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Key Questions Answered in This Report

The global safes and vaults market was valued at US$ 4 Billion in 2021.

We expect the global safes and vaults market to exhibit a CAGR of 7.7% during 2022-2027.

The advent of various technological advancements, such as integration of alarms, video monitoring
systems, finger-print scanners, and auto-locking mechanisms, for timely alerts in case of unauthorized
access, is primarily catalyzing the global safes and vaults market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous manufacturing units and
disrupted supply chain for safes and vaults.

Based on the type, the global safes and vaults market has been segregated into electronic, biometric,
and mechanical. Currently, mechanical type accounts for the majority of the total market share.

Based on the function type, the global safes and vaults market can be bifurcated into cash management
safes, depository safes, gun safes and vaults, vaults and vault doors, media safes, and others. Among
these, cash management safes currently exhibit clear dominance in the market.

Based on the application, the global safes and vaults market has been divided into residential and
commercial, where commercial segment currently represents the largest market share.

Based on the end-user, the global safes and vaults market can be segmented into banking sector and
non-banking sector. Currently, the banking sector holds the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East
and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global safes and vaults market include Access Security Products Ltd.,
ADT Inc., Alpha Safe & Vault, Inc., American Security Products Co., BJARSTAL, Bode-Panzer GmbH,
Diebold Nixdorf, Dormakaba Holding AG, Godrej & Boyce Mfg. Co. Ltd., and Gunnebo Group.

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