Global Security Safes Market Growth 2019-2024

Security safes allow you to store your cash at your home or place of work, without the worry of someone stealing it. And as well as stopping theft a Security Safe will also provide protection from fire to your cash, ensuring that you can rest easy knowing that whatever happens you still have your cash for when you need it.
North America was the largest production market with a market share of 24.82% in 2012 and 23.49% in 2017 with a decrease of 1.33%. Europe ranked the second market with the market share of 21.43% in 2016. The Asia Pacific market for Security Safes is expected to be the market with the most promising growth rate. The market in Asia-Pacific includes countries such as China, Japan, India, Australia, Singapore, Malaysia, Thailand, and so on. Healthy economic growth, increasing disposable incomes, growing urbanization, and large amount of people are some of the driving factors for the growth of the retail stores, resulting in increased demand for Security Safes.
Security Safes companies are mainly from United States, the industry concentrate rate is low. The top three companies are AMSEC Safes, Liberty Safe, Godrej & Boyce, with the revenue market share of 4.43%, 3.58% and 2.98% in 2016.
Although sales of Security Safes brought a lot of opportunities, the study group recommends the new entrants who has not technical advantage and downstream support do not enter into the Security Safes field. As large demand of high-end products at home and abroad, many companies began to enter the field of high-end, and the competition of the whole market is fierce. What is more, the company in this industry should pay attention to their R&D, innovation and services, then they may get the competition advantage, and get a bigger market share.

According to this study, over the next five years the Security Safes market will register a 5.1% CAGR in terms of revenue, the global market size will reach US$ 2030 million by 2024, from US$ 1510 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Security Safes business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Security Safes market by product type, application, key manufacturers and key regions and countries.

This study considers the Security Safes value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Cash management safes
Gun safes
Media safes
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Home Use
Office
Hotels
Entertainment Centers
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
AMSEC Safes
Liberty Safe
Godrej & Boyce
Gunnebo
Kaba Group
Access Security Products
Cannon Safe
SentrySafe
Paragon
Honeywell
First Alert
Gardall Safes
Paritet-K
Stack-On
V-Line
John Deere
China Wangli Group
Barska
Viking Security Safe

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Security Safes consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Security Safes market by identifying its various subsegments.
Focuses on the key global Security Safes manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Security Safes with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Security Safes submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.