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Safes and Vaults Market by Type (Cash Management Safes, Depository Safes, Gun Safes and Vaults, Vault and Vault Doors, Media Safes, and Others) and End User (Banking Sector and Non-Banking Sector) - Global Opportunity Analysis and Industry Forecast, 2016-2023

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Pages: 178
Nov 2017 | 1998 Views
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Author's : Pankaj Lanjudkar
Tables: 61
Charts: 41
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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.

Safes and Vaults Market are integrated security products developed to facilitate the safety of valuable assets in case of high-risk situations. These products establish a technologically secure environment that helps in the protection of monetary assets, arms and ammunition, documents, critical records, media files, and others during variety of circumstances such as fire situation, toxic incident, extreme weather condition, theft, burglary, robbery, intrusion, and others.

The safes and vaults market is influenced by the rise in demand for technologically advanced products, increase in need for highly advanced infrastructural security needs and increased crime situations.

The global safes and vaults market is segmented based on type, end user, and geography. By type, the market is divided into cash management safes, depository safes, gun safes and vaults, vault and vault doors, media safes, and others. On the basis of end user, it is bifurcated into banking sector and non-banking sector. Based on geography, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The Global Safes and Vaults Market

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The Global Safes and Vaults Market Segmentation

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 major factors that drive the safes and vaults market growth are technological innovation in product offerings, rise in adoption for retail industry, increase in application areas among end users, and heavy venture capital investments in R&D activities to develop products with enhanced capabilities.

The Europe safes and vaults market generated the highest revenue in 2016, attributed to rise in demand for advanced products and growth associated with non-banking sector is expected to stimulate end users to enhance their safety needs. The Asia-Pacific safes and vaults market is expected to grow at the highest CAGR, owing to the presence of untapped demands and surge in need for better security products.

The Global Safes and Vaults Market By Type

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The key players operating in the global safes and vaults industry include 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., and Bode-Panzer GmbH, and others. These players have expanded their market presence by adopting various business strategies, such as acquisition, geographical expansion, product development, strategic alliance, and collaboration.

The Global Safes and Vaults Market by End-user

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Top Investment Pockets

The Asia-Pacific is the top investment pocket for the market owing to the factors such as increase in adoption of safes and vaults among end users and presence of untapped demands in the countries such as China, Japan, and Australia. LAMEA is projected to be the second-most lucrative segment owing to the factors such as economic growth in Central America and Latin America.

Top Impacting Factors

The global safes and vaults market is influenced by a number of factors including growth in perceived threat levels and increased security awareness, rise in need for advanced safety products, increased application areas, demand from developing economies, and others. These factors collectively provide opportunities for the market growth. However, each factor has its definite impact on the market.

Key Benefits

  • In-depth analysis of the market and dynamics is provided to understand the market scenario.
  • Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.
  • Porter’s Five Forces analysis examines the competitive structure of the market and provides a clear understanding of the factors that influence the market entry and expansion.
  • A detailed analysis of the geographical segments enables identification of profitable segments for market players in the global safes and vaults industry.
  • Comprehensive analysis of the trends, sub-segments, and key revenue pockets are provided.
  • Detailed analysis of the key players operating in the industry and their business strategies are anticipated to assist stakeholders to take informed business decisions.

Safes and Vaults Market Key Segments:

By Type

  • Cash Management Safes
  • Depository Safes
  • Gun safes and vaults
  • Vault and vault doors
  • Media Safes
  • Others

By End User

  • Banking Sector
  • Non-Banking Sector

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

The key players profiled in the report are as follows:

  • 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
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. KEY MARKET SEGMENTATION
1.5. RESEARCH METHODOLOGY

1.5.1. Secondary research
1.5.2. Primary research
1.5.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. PORTER’S FIVE FORCES ANALYSIS

3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Competitive rivalry

3.4. KEY PLAYER POSITIONING, 2016
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Increased crime rates
3.5.1.2. Increased market for retail industry and commercial banks, and rise in adoption of ATMs

3.5.2. Restraint

3.5.2.1. Penetration of digital transaction solutions

3.5.3. Opportunity

3.5.3.1. Emergent trend of smart cities

Chapter: 4 SAFES AND VAULTS MARKET, BY TYPE

4.1. OVERVIEW
4.2. CASH MANAGEMENT SAFES

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast, by region

4.3. DEPOSITORY SAFES

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast, by region

4.4. GUN SAFES AND VAULTS

4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast, by region

4.5. VAULT AND VAULT DOORS

4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast, by region

4.6. MEDIA SAFES

4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast, by region

4.7. OTHERS

4.7.1. Key market trends
4.7.2. Key growth factors and opportunities
4.7.3. Market size and forecast, by region

Chapter: 5 SAFES AND VAULTS MARKET, BY END USER

5.1. OVERVIEW
5.2. BANKING SECTOR

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast, by region

5.3. NON-BANKING SECTOR

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast, by region

Chapter: 6 SAFES AND VAULTS MARKET, BY GEOGRAPHY

6.1. OVERVIEW
6.2. NORTH AMERICA

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast by country
6.2.4. Market size and forecast, by type
6.2.5. Market size and forecast, by end user

6.2.5.1. U.S.

6.2.5.1.1. Market size and forecast, by type
6.2.5.1.2. Market size and forecast, by end user

6.2.5.2. Canada

6.2.5.2.1. Market size and forecast, by type
6.2.5.2.2. Market size and forecast, by end user

6.2.5.3. Mexico

6.2.5.3.1. Market size and forecast, by type
6.2.5.3.2. Market size and forecast, by end user

6.3. EUROPE

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast by country
6.3.4. Market size and forecast, by type
6.3.5. Market size and forecast, by end user

6.3.5.1. UK

6.3.5.1.1. Market size and forecast, by type
6.3.5.1.2. Market size and forecast, by end user

6.3.5.2. Germany

6.3.5.2.1. Market size and forecast, by type
6.3.5.2.2. Market size and forecast, by end user

6.3.5.3. France

6.3.5.3.1. Market size and forecast, by type
6.3.5.3.2. Market size and forecast, by end user

6.3.5.4. Rest of Europe

6.3.5.4.1. Market size and forecast, by type
6.3.5.4.2. Market size and forecast, by end user

6.4. ASIA-PACIFIC

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast by country
6.4.4. Market size and forecast, by type
6.4.5. Market size and forecast, by end user

6.4.5.1. China

6.4.5.1.1. Market size and forecast, by type
6.4.5.1.2. Market size and forecast, by end user

6.4.5.2. India

6.4.5.2.1. Market size and forecast, by type
6.4.5.2.2. Market size and forecast, by end user

6.4.5.3. Japan

6.4.5.3.1. Market size and forecast, by type
6.4.5.3.2. Market size and forecast, by end user

6.4.5.4. Rest of Asia-Pacific

6.4.5.4.1. Market size and forecast, by type
6.4.5.4.2. Market size and forecast, by end user

6.5. LAMEA

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast by region
6.5.4. Market size and forecast, by type
6.5.5. Market size and forecast, by end user

6.5.5.1. Latin America

6.5.5.1.1. Market size and forecast, by type
6.5.5.1.2. Market size and forecast, by end user

6.5.5.2. Middle East

6.5.5.2.1. Market size and forecast, by type
6.5.5.2.2. Market size and forecast, by end user

6.5.5.3. Africa

6.5.5.3.1. Market size and forecast, by type
6.5.5.3.2. Market size and forecast, by end user

Chapter: 7 COMPANY PROFILE

7.1. ACCESS SECURITY PRODUCTS LTD.

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio

7.2. ACME SECURITY SYSTEMS

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio

7.3. ALPHA SAFE & VAULT, INC.

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio

7.4. AMERICAN SECURITY PRODUCTS CO.

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Key strategic moves and developments

7.5. BJARSTAL SARL

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio

7.6. BODE-PANZER GMBH

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Key strategic moves and developments

7.7. DIEBOLD NIXDORF, INCORPORATED

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments

7.8. DORMAKABA AG

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance

7.9. GODREJ & BOYCE MFG. CO. LTD.

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments

7.10. GUNNEBO AB

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments

 LIST OF TABLES

TABLE 1. GLOBAL SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 2. CASH MANAGEMENT SAFES MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 3. DEPOSITORY SAFES MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 4. GUN SAFES AND VAULTS MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 5. VAULT AND VAULT DOORS MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 6. MEDIA SAFES MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 7. OTHERS MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 8. GLOBAL SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 9. SAFES AND VAULTS MARKET FOR BANKING SECTOR, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 10. SAFES AND VAULTS MARKET FOR NON-BANKING SECTOR, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 11. SAFES AND VAULTS MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 12. NORTH AMERICA SAFES AND VAULTS MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 13. NORTH AMERICA SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 14. NORTH AMERICA SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 15. U.S. SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 16. U.S. SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 17. CANADA SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 18. CANADA SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 19. MEXICO SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 20. MEXICO SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 21. EUROPE SAFES AND VAULTS MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 22. EUROPE SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 23. EUROPE SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 24. UK SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 25. UK SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 26. GERMANY SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 27. GERMANY SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 28. FRANCE SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 29. FRANCE SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 30. REST OF EUROPE SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 31. REST OF EUROPE SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 32. ASIA-PACIFIC SAFES AND VAULTS MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 33. ASIA-PACIFIC SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 34. ASIA-PACIFIC SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 35. CHINA SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 36. CHINA SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 37. INDIA SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 38. INDIA SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 39. JAPAN SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 40. JAPAN SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 41. REST OF ASIA-PACIFIC SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 42. REST OF ASIA-PACIFIC SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 43. LAMEA SAFES AND VAULTS MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 44. LAMEA SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 45. LAMEA SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 46. LATIN AMERICA SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 47. LATIN AMERICA SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 48. MIDDLE EAST SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 49. MIDDLE EAST SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 50. AFRICA SAFES AND VAULTS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 51. AFRICA SAFES AND VAULTS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 52. ACCESS SECURITY PRODUCTS LTD.: COMPANY SNAPSHOT
TABLE 53. ACCESS SECURITY PRODUCTS LTD.: OPERATING SEGMENTS
TABLE 54. ACCESS SECURITY PRODUCTS LTD.: PRODUCT PORTFOLIO
TABLE 55. ACME SECURITY SYSTEMS: COMPANY SNAPSHOT
TABLE 56. ACME SECURITY SYSTEMS: OPERATING SEGMENTS
TABLE 57. ACME SECURITY SYSTEMS: PRODUCT PORTFOLIO
TABLE 58. ALPHA SAFE & VAULT, INC.: COMPANY SNAPSHOT
TABLE 59. ALPHA SAFE & VAULT, INC.: OPERATING SEGMENTS
TABLE 60. ALPHA SAFE & VAULT, INC.: PRODUCT PORTFOLIO
TABLE 61. AMERICAN SECURITY PRODUCTS CO.: COMPANY SNAPSHOT
TABLE 62. AMERICAN SECURITY PRODUCTS CO.: OPERATING SEGMENTS
TABLE 63. AMERICAN SECURITY PRODUCTS CO.: PRODUCT PORTFOLIO
TABLE 64. BJARSTAL SARL: COMPANY SNAPSHOT
TABLE 65. BJARSTAL SARL: OPERATING SEGMENTS
TABLE 66. BJARSTAL SARL: PRODUCT PORTFOLIO
TABLE 67. BODE-PANZER GMBH: COMPANY SNAPSHOT
TABLE 68. BODE-PANZER GMBH: OPERATING SEGMENTS
TABLE 69. BODE-PANZER GMBH: PRODUCT PORTFOLIO
TABLE 70. DIEBOLD NIXDORF, INCORPORATED: COMPANY SNAPSHOT
TABLE 71. DIEBOLD NIXDORF, INCORPORATED: OPERATING SEGMENTS
TABLE 72. DIEBOLD NIXDORF, INCORPORATED: PRODUCT PORTFOLIO
TABLE 73. DORMAKABA AG: COMPANY SNAPSHOT
TABLE 74. DORMAKABA AG: OPERATING SEGMENTS
TABLE 75. DORMAKABA AG: PRODUCT PORTFOLIO
TABLE 76. GODREJ & BOYCE MFG. CO. LTD.: COMPANY SNAPSHOT
TABLE 77. GODREJ & BOYCE MFG. CO. LTD.: OPERATING SEGMENTS
TABLE 78. GODREJ & BOYCE MFG. CO. LTD.: PRODUCT PORTFOLIO
TABLE 79. GUNNEBO AB: COMPANY SNAPSHOT
TABLE 80. GUNNEBO AB: OPERATING SEGMENTS
TABLE 81. GUNNEBO AB: PRODUCT PORTFOLIO

 LIST OF FIGURES

FIGURE 1. KEY MARKET SEGMENTATION
FIGURE 2. TOP IMPACTING FACTORS
FIGURE 3. TOP INVESTMENT POCKETS IN THE GLOBAL SAFES AND VAULTS MARKET
FIGURE 4. TOP WINNING STRATEGIES
FIGURE 5. LOW BARGAINING POWER OF SUPPLIERS
FIGURE 6. MODERATE BARGAINING POWER OF BUYERS
FIGURE 7. MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 8. MODERATE-HIGH THREAT OF NEW ENTRANTS
FIGURE 9. HIGH COMPETITIVE RIVALRY
FIGURE 10. KEY PLAYER POSITIONING OF GLOBAL SAFES AND VAULTS MARKET, 2016
FIGURE 11. MARKET DYNAMICS
FIGURE 12. GLOBAL SAFES AND VAULTS MARKET, BY TYPE
FIGURE 13. GLOBAL SAFES AND VAULTS MARKET, BY END USER
FIGURE 14. SAFES AND VAULTS MARKET, BY GEOGRAPHY
FIGURE 15. NORTH AMERICA SAFES AND VAULTS MARKET
FIGURE 16. U.S. SAFES AND VAULTS MARKET, 2016-2023 ($MILLION)
FIGURE 17. CANADA SAFES AND VAULTS MARKET, 2016-2023 ($MILLION)
FIGURE 18. MEXICO SAFES AND VAULTS MARKET, 2016-2023 ($MILLION)
FIGURE 19. EUROPE SAFES AND VAULTS MARKET
FIGURE 20. UK SAFES AND VAULTS MARKET, 2016-2023 ($MILLION)
FIGURE 21. GERMANY SAFES AND VAULTS MARKET, 2016-2023 ($MILLION)
FIGURE 22. FRANCE SAFES AND VAULTS MARKET, 2016-2023 ($MILLION)
FIGURE 23. REST OF EUROPE SAFES AND VAULTS MARKET, 2016-2023 ($MILLION)
FIGURE 24. ASIA-PACIFIC SAFES AND VAULTS MARKET
FIGURE 25. CHINA SAFES AND VAULTS MARKET, 2016-2023 ($MILLION)
FIGURE 26. INDIA SAFES AND VAULTS MARKET, 2016-2023 ($MILLION)
FIGURE 27. JAPAN SAFES AND VAULTS MARKET, 2016-2023 ($MILLION)
FIGURE 28. REST OF ASIA-PACIFIC SAFES AND VAULTS MARKET, 2016-2023 ($MILLION)
FIGURE 29. LAMEA SAFES AND VAULTS MARKET
FIGURE 30. LATIN AMERICA SAFES AND VAULTS MARKET, 2016-2023 ($MILLION)
FIGURE 31. MIDDLE EAST SAFES AND VAULTS MARKET, 2016-2023 ($MILLION)
FIGURE 32. FRICA SAFES AND VAULTS MARKET, 2016-2023 ($MILLION)
FIGURE 33. DIEBOLD NIXDORF, INCORPORATED: REVENUE, 2014-2016 ($MILLION)
FIGURE 34. DIEBOLD NIXDORF, INCORPORATED: REVENUE SHARE BY OPERATION, 2016 (%)
FIGURE 35. DIEBOLD NIXDORF, INCORPORATED: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 36. DORMAKABA AG: REVENUE, 2014-2016 ($MILLION)
FIGURE 37. GODREJ & BOYCE MFG. CO. LTD: REVENUE, 2014-2016 ($MILLION)
FIGURE 38. GODREJ & BOYCE MFG. CO. LTD: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 39. GUNNEBO AB: REVENUE, 2014-2016 ($MILLION)
FIGURE 40. GUNNEBO AB: REVENUE SHARE BY PRODUCT, 2016 (%)
FIGURE 41. GUNNEBO AB: REVENUE SHARE BY GEOGRAPHY, 2016 (%)

 

Safes and vaults form an integral part of physical security solutions. These products are able to create safe environment to cater to the high-risk situation specific needs of customers, which allows it to become one of the most popular industry solution worldwide. Further, the unprecedented growth in the banking and retail market predominantly drives the safes and vaults market for protection of valuable assets in the physical security ecosystem. The global safes and vaults market is estimated to witness significant growth in Asia-Pacific and LAMEA, on account of rise in demand for technologically advanced products in countries, such as India, China, Germany, and Japan. The safes and vaults market share is projected to grow at a CAGR of 6.0% from 2017 to 2023, owing to increase in demand for application-specific products in the developed and the developing regions.

There is an increase in the adoption of safes and vaults in the retail industry due to presence of cash intensive environment, which has high demand for cash management safes. The safes and vaults market is influenced by the rise in demand for technologically advanced products, constant need to improve infrastructural security, and growth associated with non-banking sector. However, increase in penetration of digital transaction solutions limits the market growth.

India is the most attractive market in Asia-Pacific and is estimated to increase at a significant rate, owing to the surge in development across end-use sectors, and the increase in adoption of advanced technology to develop innovative products. For instance, according to, India Brand Equity Foundation, retail industry in India is expected to achieve US$ 1.6 trillion market by 2026.

Key players in the safes and vaults market are involved in the introduction of new features and capabilities, to enhance their existing product portfolio. This is anticipated to increase the product penetration and enable key providers to establish themselves in the emerging markets. For instance, in May 2017, Odon Inc. introduced the illumiSAFE and the illumiSAFE mini which is a personal safe disguised in the form of a lamp. These safes are one of the most technologically advanced personal safes available in the market. It features activation by smart phone or RFID key, wireless and off-site connectivity and other advanced capabilities.

 

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