Pages : 178 Publish Date: Nov 2017
Safes and Vaults Market
“ The safes and vaults market is in its growth phase, and is expected to grow at a CAGR of 6.0% during the forecast period. Organizations focus on improving their product offering to cater to the rise in market demands, which drive the market growth during the forecast period. Europe was the highest shareholder in terms of revenue, while AsiaPacific is expected to grow at the highest CAGR during the forecast period. �
Research Analyst, ICT & Media and BFSI at AMR Pankaj Lanjudkar
Safes and Vaults Market Overview • The Global Safes and Vaults Market was valued at $4,727 million in 2016, and is projected to reach $6,907 million by 2023, growing at a CAGR of 6.0% from 2017 to 2023. The non-banking sector segment is anticipated to grow at the highest rate during the forecast period. • Technological innovation in product offerings, increased ATM installation base, rise in crime rates, increase in application areas among end users, supportive and evolving infrastructural security needs among developing and developed economies, and heavy venture capital investments in R&D activities to develop solutions with enhanced capabilities drive the market. In addition, government organizations and companies enhance their building security infrastructure due to rise in number of criminal incidences. This in turn boosts the growth of the safes and vaults market.
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Safes and Vaults Market Key Benefits • The cash management safes segment accounted for the highest share of the global safes and vaults industry in 2016, growing at a CAGR of 5.1% from 2017 to 2023. • The banking sector of the safes and vaults market generated the highest revenue share in 2016, and is projected to grow at a rate of 5.2%. • The Europe safes and vaults market generated the highest share, valued at $2,004 million, in terms of revenue in 2016. • The safes and vaults market for non-banking sector segment is expected to witness the highest growth rate during the forecast period.
Safes and Vaults Market By Geography
Safes and Vaults Market By Type
Safes and Vaults Market By End-User
Key Players In Industry • • • • • • • • • •
American Security Products Co. Godrej & Boyce Manufacturing Co. Limited. Diebold Nixdorf, Incorporated. Dormakaba Gunnebo Industries AB Access Security Products Ltd. Alpha Safe & Vault, Inc. Acme Security Systems. BJARSTAL s.a.r.l. Bode-Panzer GmbH
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Safes and Vaults Market Segments
• By Type
Safes and Vaults Market Segments
• Cash Management Safes • Depository Safes • Gun safes and vaults • Vault and vault doors • Media Safes • Others • By End User • Banking Sector • Non-Banking Sector
Safes and Vaults Market By Geography North America, Europe, Asia-Pacific, LAMEA
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