Global Security Safes Market By Type (Cash management safes, Gun safes, and Media safes), By Application (Home Use, Office, Hotels, and Entertainment Centers), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Security Safes Market By Type (Cash management safes, Gun safes, and Media safes), By Application (Home Use, Office, Hotels, and Entertainment Centers), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)
Trusted Business Insights has published a comprehensive market research report on, Global Security Safes Market by Product Type (Cash Management Safes, Gun Safes, Media Safes, Other Safes), By Application (Home Use, Office, Hotels, Entertainment Centers, Other Applications), and by Region -Global Forecast to 2030, which offers a holistic view of the global security safes market through systematic segmentation that covers every aspect of the target market.

The global Security Safes market is projected to be US$ 5839.6 Mn in 2020 to reach US$ 10,517.7 Mn by 2030 at a CAGR of 6.1%.

A security safe is a strong box which is used to secure precious things from burglary, fire and from any other damages. A security safe is made up of strong material such as steel and it is available in different shapes, sizes and with different security patterns as per the customer requirement. Customizations in security safes are in trend, as major market players give this option, people can customize their personal security safe accordingly. Security Safes can be portable, Standalone and wall mounted with a broad range of security patterns such as password word protected, fingerprint scanners, hand geometry, iris and retina scanners.

People prefer a suitable location in their homes to placed security safe inconspicuously to avoid stealing or opt for some technologically advanced security safes which are impossible to open by an intruder. Highly advanced security safes are available in the market with automated cash handling system. In terms of security, a large number of manufacturers offers moderate security safes which are invulnerable against electrical as well as mechanical tools. These moderate security safes can resist any hand tools, grinding points, cutting wheels and power saws for several minutes (30-45min) whereas highly advanced security safes operate on electrical energy and provides high-security features such as temperature proof etc. to avoid any kind of abruption. Due to the increasing crime, people are getting more aware to secure their valuable things which enhance the security safe market. Maximum security with the long-lasting durability of advanced security safes is expected to grow the market in the near future.


Global Security Safes Market Revenue (US$ Mn), 2021 to 2030


Modern security safes come with several security features such as password protected and biometric security systems, which enables them impregnable to any absurd activity which fuels the market growth of global security safes market.

An increasing number of crimes is the main factor so that people opt for the security safes to reduces the risk of stealing their valuable things due to which global security safe market is growing progressively.

However, prices of advanced security safes are much higher, as compare to the conventional lockers. Though stolen risk of valuable things in advanced security safes is lower. High prices of security safes may hinder the market growth to a certain extent.

Global security safes market is segmented on the basis of product type, application and region. On the basis of product type, the market is segmented into cash management safes, gun safes, media safes, other safes. The cash management safes account for the majority share in the global security safes market, while the gun safe is expected to register the highest growth rate over the forecast period. On the basis of Application, the market is segmented into home use, office, hotels, entertainment centers, other applications. The home use accounts for a majority share in the global Security Safes market.


Global Security Safes Market by Product Type, 2018


Based on region, the market is segmented into North America, Europe, China, Japan, Southeast Asia India, South America MEA and ROW. North America accounts for the majority share in the global security safes market, owing to increasing number crime. China is expected to register the highest growth rate over the forecast period. Countries and regions such as China, Japan, South America and MEA are expected to register stable growth over the forecast period.

The research report on the global security safes market includes profiles of some of major companies such as American Security Products Company, Liberty Safe and Security Products, Godrej & Boyce Manufacturing Company Limited, Gunnebo AB, Access Security Products Ltd, Alpha Bravo Holdings Company Inc., SentrySafe, Honeywell International, Inc, First Alert, Inc., Gardall Safe Corporation, BARSKA Optics, dormakaba Holding AG, Deere & Company.


Key Market Segments:

By Type

  
Cash management safes
  
Gun safes
  
Media safes

By Application

  
Home Use
  
Office
  
Hotels
  
Entertainment Centers


Key Market Players included in the report:


  
Access Security Products Ltd
  
Alpha Bravo Holdings Company Inc.
  
American Security Products Company
  
AMSEC Safes
  
Anixter International Inc.
  
Axis Communications AB
  
BARSKA Optics
  
Cannon Safe
  
China Wangli Group
  
Deere & Company
  
dormakaba Holding AG
  
First Alert Inc.
  
FLIR Systems Inc.
  
Gardall Safe Corporation
  
Godrej & Boyce Manufacturing Company Limited
  
Gunnebo AB
  
Honeywell International Inc
  
John Deere
  
Kaba Group
  
Liberty Safe and Security Products
  
Paragon
  
Paritet-K
  
Senstar Corporation
  
SentrySafe
  
Stack-On
  
Tyco International Plc.
  
Viking Security Safe
  
V-Line