Enjoy complimentary customisation on priority with our Enterprise License!
The safes and vaults market size is forecast to increase by USD 1.57 billion at a CAGR of 5.34% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. One trend is the increasing demand for automated locker facilities and robotic technology in various industries, including retail and finance. This technology offers enhanced security features and increased efficiency. Another factor is the rising standard of living and the growing desire to protect financial wealth with management, gold, jewelry, and other valuable items. Cultural propensities towards preserving heritage and collectibles also contribute to the market's growth. However, challenges such as damage during transportation and unauthorized access remain barriers. In residential and small business settings, safes and vaults are becoming increasingly popular for securing valuables. Despite these challenges, the market is expected to continue growing due to the increasing importance of security in various sectors. Cash recyclers are also gaining popularity in the retail market, reducing the need for manual cash handling and increasing security.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.