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Safety Locker Market Type (Electronic safety lockers, Non-electronic safety lockers) Application (Household, Commercial, Others ) Distribution Channel (Brand Owned Retail Unit , Online Shops, Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A10170
Pages: NA
Aug 2021 | 383 Views
 
Author(s) : NA
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The global safety locker market is experiencing significant growth, and is expected to grow considerably in the next few years. Safety lockers are storage systems that are secured using electric or non-electric locks to protect valuables from theft and accidents such as fire and prevent unauthorized access to materials inside lockers. Safety lockers come in various types to suit household & commercial purposes. They are available in different models based on factors such as protection, lock style, material used, and size. Major changes in price of safety lockers are related to use of safety features such as biometrics, digital keypad locks, and handle combination locks. Innovation in the industry is related to development of smart safety lockers that are digitally connected to smartphones via Wi-Fi and application that can send messages and alerts to the owner in case the safety locker is broke or opened without a lock system.  

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

 Value ($US)

  Segments covered

  Type, Application, Distribution Channel, and Region

  Regions covered

North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

Companies covered

AMSEC, Godrej & Boyce, Gunnebo Group, Access Security Products, Ample Electro-Mechanic, Bordogna Group, Brown Safe Manufacturing, Bumil Safe, Cannon Safe, CISA, Fire King Security Group

 

COVID-19 Scenario Analysis: 

  • The demand for safety lockers has decreased with increase in COVID-19 cases as people are now more focused on health-related issues.
  • Manufacturers are facing problems in manufacturing as labors are not available and raw materials are not reaching factories.
  • The demand for safety lockers is expected to increase once the pandemic is handled well. 

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis 

Surge in use of safety lockers for household and commercial purposes to protect important documents, currency, and other materials from accidental damage and theft boosts demand for the global safety lockers market. In addition, growth in modular homes demanding advanced safety lockers with advanced technology including bio-metrics drives the global safety locker market. However, high cost of testing safety lockers against all possible accidents and cost of inspection increases the price of safety lockers, which hampers the market growth. Contrarily investments in digital connectivity of safety lockers with smartphones and devices to provide real-time data for advanced security boosts the market.

The global safety locker market trends are as follows:

New product launches to flourish the market

New products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve security functions and overall functionality of safety lockers. “Godrej Ritz Bio” launched by Godrej Security Solutions is specifically designed to provide utmost security. The safety locker has an in-built alarm system that alerts the user in case of locker tampering. Moreover, the safety locker has a biometric scanner that can store 30 fingerprints and non-volatile memory, which prevents password to be erased in case of mishaps with battery. 

Growth potentials in the untapped market

Marketing teams of safety lockers manufacturers have been targeting untapped market of developing and developed economies, where people still use traditional safety lockers without technical changes. Manufacturers are focusing on changing lifestyle of millennials and demand for modular houses, which has compromised security, owing to common building areas and joint flats where high chances of theft and burglary persist. Use of advanced safety lockers is expected to increase safety of important papers, valuables, and cash. 

Key Segments Covered:

Segments

Subsegments

  Type

  • Electronic safety lockers
  • Non-electronic safety lockers

  Application

  • Household
  • Commercial
  • Others

  Distribution Channel

  • Brand Owned Retail Unit
  • Online Shops
  • Others

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global safety locker industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Safety Locker market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Safety Locker market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global safety locker market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Safety Locker Market Research Report:

  • What are the leading market players active in the safety locker market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What would be the detailed impact of COVID-19 on the market?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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