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The United States safes and vaults market is expected to continue its moderate growth during the forecast period (2021-2026). 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. These insights are included in the report as a major market contributor.
Safes and vaults refer to secure storage systems, wherein valuable objects, such as money, sensitive documents, and arms and ammunition, are kept safe against high-risk situations. They are metal-framed hollow cylinders that offer resistance to fire, water and chemicals. Safes and vaults can be accessed through passcodes, passwords, biometric codes and numerical pins to provide protection against unauthorized intrusions. As a result, these systems are widely adopted in the residential and commercial sectors.
A significant rise in crime rates in the United States and increasing concerns regarding the safety of valuable assets are majorly driving the safes and vaults market growth in the country. This is further supported by rising disposable incomes and the widespread adoption of technologically advanced security infrastructures in smart homes. Additionally, the implementation of regulations by the Federal Government of the United States of America for establishing a strict security environment for sensitive assets is catalyzing the market growth. Moreover, safes and vaults are increasingly being employed in the healthcare industry to minimize drug burglaries and prescription-related thefts. Apart from this, continuous investments by leading players to introduce innovative product variants integrated with enhanced features, such as video monitoring systems, alarms, fingerprint scanners, and auto-locking mechanisms, for cash management and automated teller machine (ATM) systems are creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the United States safes and vaults market report, along with forecasts for growth at the country and regional level from 2021-2026. Our report has categorized the market based on type, function type, application and end user.
Breakup by Type:
Breakup by Function Type:
Breakup by Application:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Function Type, Application, End User, Region|
|Region Covered||Northeast, Midwest, South, West|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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