Safes and Vaults Market in Europe 2017-2021

Overview of the safes and vaults market in Europe

Market research analysts at Technavio predict that the safes and vaults market in Europe will grow steadily over the next four years and post a CAGR of more than 6% by 2021. This market research analysis identifies the increasing use of e-commerce lockers as one of the key growth factors of the safes and vaults market in Europe. In the recent years, the e-commerce sector has been penetrating the retail industry by offering a variety of products and services. With increasing competition, e-commerce vendors are focusing on offering advanced services to increase customer attraction. One such service involves the availability of locker delivery system, where the customer can collect the package from a pre-mentioned locker location using a code delivered to the registered mobile number. With the convenience these lockers provide, the elimination of delivery charges, and easy return policies, the demand for e-commerce lockers will increase in the coming years, fueling market growth. One of the major e-commerce vendors Amazon, has already announced plans to open a network of parcel lockers across Europe.

Coupled with the rise in e-commerce lockers, the demand from the pharmaceutical sector will also stimulate the growth of the safe and vaults market in Europe. With the rising number of malicious diseases, the pharmaceutical industry is witnessing an exponential growth in R&D. The pharmaceutical industry requires robust attention for handling, storing, and transporting sensitive drugs. Owing to the vulnerability to external temperatures and humidity, the drugs need be to stored in compatible and safe lockers. The increasing need for storing drugs in a sophisticated environment will fuel the growth of the safes and vaults market in Europe.

Competitive landscape and key vendors

The safes and vaults market is highly-competitive with the presence of numerous regional and well-established international vendors. To retain a strong foothold in the market, the vendors are offering distinctive products and services based on the current market trends. Moreover, the vendors are also planning to enter into robust mergers and acquisitions to further expand their geographical presence and product portfolio. In addition, the vendors are also transitioning toward integration to handle both logistics and warehousing.

The leading vendors in the market are ?

• BJARSTAL s.a.r.l.
• Gunnebo
• L'ITALIANA CASSEFORTI
• Paritet-K

The other prominent vendors in the market are Bravarija Piljek, Door System, Ferocon, Hexa, Morichini Sicurezza, and Stark.

Market segmentation by application and analysis of the safes and vaults market

• Cash management safes
• Gun safes and vaults
• Depository safes
• Vault and vault doors
• Media safes

During 2016, the cash management safes segment accounted for the major shares of the safes and vaults market in Europe. Owing to the rising demand for cash management safes among the end-users such as cash-in-transit (CIT) operators, large retailers, and banking institutions, the market will forecast a steady growth over the next few years. Additional factors such as convenience and security also promote the use of these systems, since the integrated software services help in keeping a track of the safe's activity. Moreover, these systems also help to view cash levels, manage user accounts, and dispatch the operator's notification through dedicated e-mails, which will further propel the growth of the market segment over the next few years.

Market segmentation by end-user and analysis of the safes and vaults market

• Banking sector
• Retail sector
• Individual customer

Due to the increased usage of safes and vaults for cash deposits and storing valuables such as important documents and jewelry, the banking sector was the major end-user to the market during 2016. This market research report estimates that with the rising demand for cash safes and document safes, this segment will continue to dominate the market throughout the predicted period as well.

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 safes and vaults market in Europe?
• What are the key market trends impacting the growth of the safes and vaults market in Europe?
• What are the challenges to market growth?
• Who are the key vendors in the safes and vaults market in Europe?
• What are the market opportunities and threats faced by the vendors in the safes and vaults market in Europe?
• Trending factors influencing the market shares Europe?
• what are the key outcomes of the five forces analysis of the safes and vaults market in Europe?

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

Safes and vaults are secure storage items used for the protection of valuables from threats, such as fire breakouts and burglar attacks. In many cases, they are used to prevent unauthorized access to potentially valuable items placed in them. Technavio's reports for the transportation and logistics industry entail a range of product markets like warehouse and storage and transportation and distribution. Additionally, to help clients gain an edge over other market players, Technavio provides detailed information on various factors including the constantly changing customer preferences and the factors, which will create an impact on the growth of the suppliers, and also furnishes a competitive analysis of the transportation and logistics industry.

To correctly forecast the warehouse and storage industry's growth prospects, our team of market research specialists follow a comprehensive research approach of primary and secondary methods and carry out an extensive analysis of the demand-supply shifts for various markets. With an aim to enable clients formulate new strategies for growth, our upcoming industry research report on the safes and vaults market in Europe for the forecast period of 2017 to 2021 offers executable insights constructed from the data collected from market intelligence sources such as channel partners, decision makers, manufacturers, and regulatory bodies.

This upcoming report on the safes and vaults market in Europe also takes into account the growth of identical markets such as automated storage and retrieval systems and pharmaceutical warehousing, which are anticipated to grow at a CAGR of almost 8% and about 5%, respectively by 2021. As per our market research analysts, the growth of e-commerce and the rising demand for safes and vaults will augment the growth of the warehouse and storage market in Europe for the next few years.

The upcoming industry research report for the safes and vaults market in Europe also identifies the key drivers, market patterns, and the pain points currently faced by the major players in the transportation and logistics market and also presents insights into the sectors of logistics, packaging, and tags and labels.