Market Overview

Global Safes and Vaults Market 2018-2022| Increasing Technology Advances to Drive Growth| Technavio

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Technavio
market research analysts forecast the global safes and vaults market to
grow at a CAGR of over 6% during the forecast period.

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Technavio has published a new market research report on the global safes and vaults market from 2018 ...

Technavio has published a new market research report on the global safes and vaults market from 2018-2022. (Graphic: Business Wire)

The rise in technological advancements with respect to safes and vaults
is one of the major trends being witnessed in the global
safes and vaults market 2018-2022
. The need for the safe storage
of valuable materials has increased in the recent years and this is
inducing vendors to focus on introducing innovative solutions such as
digital safes, biometric safes, and fire-resistant safes.

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According to Technavio's analysts, one of the key factors contributing
to the growth of the global safes and vaults market is the increasing
demand for gun safes and vaults.

Global safes and vaults market: Increasing
demand for gun safes and vaults

Gun safes have been gaining popularity due to their ability to prevent
unauthorized usage of guns through theft protection. These safes are
also used for the protection of guns and ammunition from natural
calamities. The vendors in this market are providing advanced features
such as digital locks, fingerprint identification, and moisture and heat
protection.

According to a senior research analyst at Technavio, "The increasing
burglaries and thefts at licensed gun stores have led to several gun
store owners taking precautionary steps to ramp up security at their
stores. The theft of firearms from cars has also been increasing
significantly. This is propelling gun owners to install gun safes and
vaults."

Global safes and vaults market: Segmentation
analysis

This global safes and vaults market research report provides market
segmentation by product (cash management safes, gun safes and vaults,
depository safes, and vault and vault doors), by end-user (banking and
non-banking), and by region (the Americas, APAC, and EMEA). It provides
an in-depth analysis of the prominent factors influencing the market,
including drivers, opportunities, trends, and industry-specific
challenges.

Of the four major products, the cash management safes segment held the
largest market share in 2017, accounting for almost 25% of the market.
This product segment will dominate the global market throughout the
forecast period.

EMEA held the largest share of the market in 2017, accounting for more
than 39% share. It was followed by APAC and the Americas respectively.
EMEA is expected to dominate the market throughout the period 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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