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 2019–2028

Market.us announces the publication of its most recently generated research report titled, “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 2028.”, 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$ 5,187.5 Mn in 2018 to reach US$ 9,343.1 Mn by 2028 at a CAGR of 6.1%.

A security safe is a strong box that is used to secure precious things from burglary, fire, and any other damages. A security safe is made up of strong material such as steel and it is available in different shapes and sizes and with different security patterns as per the customer requirement. Customizations in security safes are on-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 protection, fingerprint scanners, hand geometry, iris, and retina scanners.

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People prefer a suitable location in their homes to place 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 systems. 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 enhances the security safe market. Maximum security with the long-lasting durability of advanced security safes is expected to grow in the market in the near future.

Global Security Safes Market Revenue (US$ Mn), 2018–2028

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

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

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

The 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, and 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, and 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 the increasing number of crimes. 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 the 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:

Type

• Cash management safes
• Gun safes
• Media safes

Application

• Home Use
• Office
• Hotels
• Entertainment Centers

Key Market Players included in the report:

• 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

For the Security Safes Market research study, the following years have been considered to estimate the market size: