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Global Home Electronics Safe Market 2016-2020

  • Published: Sep 2016
  • Pages: 64
  • SKU: IRTNTR10341
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This market research report recognizes vendors such as Assa Abloy, American Security Products, Diebold, Godrej & Boyce, Gunnebo, and Kaba Group as the leading players in the global home electronics safe market. This report also presents segmentations based on products (fire and security safe, guns safes, and others) and geography (the Americas, APAC, and EMEA).

Outlook of the global home electronics safe market

Market research analyst at Technavio, predict that the global home electronics safe market will grow progressively and post a CAGR of around 5% by 2020. The increasing adoption of gun safes will be one of the primary drivers for the market. These safes are gaining popularity because of their ability to provide protection, prevent unauthorized usage, and theft. These safes come with special features like as fire and moisture protection, fingerprint identification, and digital or mechanical locks. It has been observed that the manufacturers offer innovated technology, which meet the required regulatory standards in different countries. Some of the other factors that contribute to the growth of the market during the estimated period will be the rising crime rates, increasing purchasing power of people, and security concerns among the general population.

One of the recent trends in the market is the introduction of smart safes. Recently, it has been observed that many vendors have started developing technologically advanced smart safes that can connect to the smartphone of the customer and have fingerprint scanners. For instance, Gunbox launched a high-tech safe that has smart features like 360-degree biometric fingerprint scanners. These safes can be opened using a wristband that pairs with the RFID (radio-frequency identification) scanner. Other features included are internal motion and vibration sensors, which alerts the user if someone tries to tamper with the safe.

Competitive landscape and key vendors

There is intense competition in the market, and players will have to differentiate their products by adding aesthetic features to survive in the market. With the rising competition, manufacturers will focus on adding new features, upgrading safety system of the safes, and delivering low-cost products to create a larger customer base. There will be an influx of new vendors in the market, and it will intensify the level of competition during the forecast period.

Leading players in the market are -

  • Assa Abloy
  • American Security Products
  • Diebold
  • Godrej & Boyce
  • Gunnebo
  • Kaba group

Other prominent players in the market are Access Security Products, ACME Security Inc, Alpha Safe & Vault, Bjarstal, Bode-Panzer, Bordogna Group, Bricard, Brown Safe Manufacturing, Bumil Safe Manufacturing, Cannon Safe, Cisa, Citysafe, CompX International, Fire King, Firelock Fireproof Modular Vaults, Format Tresorbau, Gardall Safe, Hall's Safe, Hamilton Safe, Joli Safe, Juwel, Kale Celik Esya, Phoenix Safe, Securifort, Stark Safes, and Technomax.

Segmentation based on the type of product and analysis of the home electronics safe market

  • Fire and security safe
  • Guns safe

During 2015, the fire and security safe segment dominated the market by accounting for approximately 79% of the total market share. These are the most common type of safes used at home. Moreover, these safes are fire and water resistant and also protects the content from natural disasters.

Segmentation based on geography and analysis of the home electronics safe market

  • Americas
  • APAC
  • EMEA

Market research analysts predict that the APAC region will be the largest contributor to the market and will post a CAGR of around 6% by 2020. The augmented demand from countries like India, China, Australia will impel this market’s growth in the region. In addition, several companies are also offering low-cost and technologically advanced safes, which will, in turn, contribute to this market’s growth in the region. India and China are leading countries that provide high-tech solutions to customers globally.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global home electronics safe market?
  • What are the key market trends impacting the growth of the global home electronics safe market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global home electronics safe market?
  • What are the market opportunities and threats faced by the vendors in the global home electronics safe market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global home electronics safe market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top vendors

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Consumer insights

PART 05: Market landscape

  • Market overview
  • Global safes and vaults market
  • Global safes market
  • Global home safes market: Segmentation by type
  • Global home electronic safes market
  • Five forces analysis

PART 06: Market segmentation by product

  • Market segmentation by product
  • Global home electronic fire and security safes market
  • Global home electronic gun safes market
  • Global home electronic other safes market

PART 07: Geographical segmentation

  • Global home electronic safes market by geography
  • Home electronic safes market in APAC
  • Home electronic safes market in the Americas
  • Home electronic safes market in EMEA

PART 08: Market drivers

  • Security concerns
  • Increasing adoption of guns and gun safes
  • Provision of anti-theft dual protection features
  • Culture of storing valuables at home

PART 09: Impact of drivers

PART 10: Market challenges

  • High total cost of ownership and low repeat purchases
  • Lack of awareness
  • Loopholes in security features of electronic safes
  • Perception about banks being a safer option
  • High adoption rates of home security systems in developed countries

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Popularity of safes with biometric features
  • Introduction of smart safes
  • Personalization and inclusion of retina detection feature

PART 13: Vendor landscape

  • Competitive landscape
  • Market insights
  • Key players of the global home electronic safes market
  • Competitive assessment of top five vendors
  • ASSA ABLOY
  • AMSEC
  • Diebold
  • Godrej & Boyce
  • Gunnebo
  • Kaba Group
  • Other prominent vendors

PART 14: Appendix

  • List of abbreviations

PART 15: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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