Global Home Electronics Safe Market 2016-2020

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?

Technavio also offers customization on reports based on specific client requirement.

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