Global Safes and Vaults Market in Non-banking Sector 2017-2021

This industry research report identifies American Security Products, Diebold, Godrej & Boyce, and Gunnebo Group as the key vendors in the global safes and vaults market in the non-banking sector. This industry research report also presents a competitive analysis of the market by end users (gun stores, retailers and restaurants, cash in transit (CIT) companies, and individual owners) and by geography (the Americas, APAC, and Europe).

Overview of the global safes and vaults market in the non-banking sector

Market research analysts at Technavio predict that the global safes and vaults market in the non-banking sector will grow at a CAGR of around 5% by 2021. This market research analysis identifies the rising number of burglaries in gun stores as one of the primary growth factors for the safes and vaults market in the non-banking sector. Due to the increasing number of burglaries and robberies especially in the firearms and gun stores, several store owners are taking drastic steps to increase the security level at their stores. These store owners mainly prefer the installation of vaults where the guns and other merchandise are can be stored after the end of the business day.

Owing to technological advancements, safes and vaults have evolved into biometric safes and safes using heat-resistant material. Biometric safes are highly secure as they cannot be overridden due to the uniqueness of the multiple fingerprints stored in the memory. These safes have inbuilt scanners that can scan the biological data and match them with the stored information. A heat-resistant vault or safe will not melt in case of exposure to fire. One of the key vendors is already focusing on introducing innovative products by including perlite, made of volcanic glass with very high content of water, with various similar ingredients to make a highly fire-resistant safe that protects the contents of the safe. The market analysis identifies such technological advancements in safes and vaults as one of the key trends behind the growth of this market.

Competitive landscape and key vendors

The safes and vaults market in the non-banking sector market is highly competitive and fragmented due to the presence of several global and regional vendors. The regional vendors compete with the global vendors based on factors such as product features and price. Vendors with enhanced financial and technical resources are developing products that make the products from small companies look obsolete. To attain a competitive edge, the vendors have the need to offer their products through a clear and unique proposition.

The leading vendors in the market are -

• American Security Products
• Diebold
• Godrej & Boyce
• Gunnebo Group

The other prominent vendors in the market are Access Security Products, Alpha Safe, BJARSTAL, Bode Panzer, Bordogna Casseforti, Bricard, Brown Safe Manufacturing, Bumil Safe, Cannon Safe, CISA, CITYSAFE, FireKing, FORMAT Tresorbau GmbH, Gardall Safe Corporation, Hall's Safe Company, Hamilton Safe, Jøli Safe AS, JUWEL, Phoenix Safe Company, Securifort, Stark srl, and TECHNOMAX.

Segmentation by end users and analysis of the safes and vaults market in non-banking sector

• Gun stores
• Retailers and restaurants
• CIT Companies
• Individual owners

Owing to the rise in incidences of robberies and thefts in gun stores, licensed firearm dealing store owners are increasingly preferring to purchase safes and vaults to store the guns and firearms after the end of the business day.

Geographical segmentation and analysis of the safes and vaults market in the non-banking sector

• Americas
• APAC
• Europe

Factors such as the increased adoption of safes in Japan and the growth of the developing economies such as India and China, contribute to the growth of this market in APAC. The rise in per capita income increases the buying power of the consumers and this enables them to buy valuables. This will consequently drive the need for safes and vaults to store them.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global safes and vaults market in non-banking sector?
• What are the key market trends impacting the growth of the global safes and vaults market in non-banking sector?
• What are the challenges to market growth?
• Who are the key vendors in the global safes and vaults market in non-banking sector?
• What are the market opportunities and threats faced by the vendors in the global safes and vaults market in non-banking sector?
• Trending factors influencing the market shares of the Americas, APAC, and Europe.
• What are the key outcomes of the five forces analysis of the global safes and vaults market in non-banking sector?

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

Safes and vaults are used for the storage and safety of valuables from incidents such as fire and burglary. In addition, they are also used to prevent dangerous items being accessed or misused by unauthorized persons. This upcoming industry research report on the global safes and vaults market in non-banking sector offers insights into the key trends and emerging drivers influencing the growth of the transportation and logistics industry. Our reports for the transportation industry also follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like warehouse and storage. 

By considering the market forecast and size and the surging demand for various warehouse and storage services, the market research professionals at Technavio offer an all-inclusive picture of the global safes and vaults market in non-banking sector for the estimated period of 2017 to 2021. Furthermore, our research practices help clients develop effective growth strategies and keep pace with the continually changing market landscape. This market study also offers a comprehensive analysis of various warehouse and storage services based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.

This upcoming market research report on the global safes and vaults market in non-banking sector also covers vendors like American Security Products, Diebold, Godrej & Boyce, Gunnebo, and Kaba Group. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche market segments, this report on the global safes and vaults market in non-banking sector also offers an extensive study of various warehouse and storage products based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.

The upcoming industry research report for global safes and vaults market in non-banking sector also categorizes the key drivers, major trends, as well as the restraints that the warehouse and storage sector currently experiences. This upcoming report on the global safes and vaults market in non-banking sector presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the forthcoming events within the transportation and logistics industry. Technavio also provides deep-dive market assessments into the sectors such as transportation and distribution, packaging, and tags and labels.

Our market research methodology for the global safes and vaults market in non-banking sector

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.