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Global Home Electronics Safe Market 2016-2020

Global Home Electronics Safe Market 2016-2020

About Global Safes and Vaults Market

The global safes and vaults market is highly fragmented with the presence of many MSME vendors. The larger corporations are expected to grow organically and inorganically during the forecast period. Safes and vaults can be used for a long period, and hence, the repeat customers for these systems are low. Therefore, vendors generate a major part of their revenues through the sales of new customers and the maintenance services for the systems that have already sold.

Technavio’s analysts forecast the global home electronics safe market to grow at a CAGR of 4.92% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global home electronics safe market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of home electronic safes.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Home Electronics Safe Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Assa Abloy
  • American Security Products
  • Diebold
  • Godrej & Boyce
  • Gunnebo
  • Kaba
Other prominent vendors
  • Access Security Products
  • ACME Security
  • Alpha Safe & Vault
  • Bjarstal
  • Bode-Panzer
  • Bordogna
  • Bricard
  • Brown Safe Manufacturing
  • Bumil Safe Manufacturing
  • Cannon Safe
  • Cisa
  • Citysafe
  • CompX International
  • Fire King
  • Firelock Fireproof Modular Vaults
  • Format Tresorbau
  • Gardall Safe
  • Hall's Safe
  • Hamilton Safe
  • Joli Safe
  • Juwel
  • Kale Celik Esya
  • Phoenix Safe
  • Securifort
  • Stark Safes
  • Technomax
Market driver
  • Security concerns among consumers
  • For a full, detailed list, view our report
Market challenge
  • Lack of awareness and less marketing focus on these products
  • For a full, detailed list, view our report
Market trend
  • Personalization and retina detection feature trending
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Home Electronics Safe Market 2016-2020

Technavio recognizes the following companies as the key players in the global home electronics safe market: Assa Abloy, American Security Products, Diebold, Godrej & Boyce, Gunnebo, Kaba, Access Security Products, ACME Security, Alpha Safe & Vault, Bjarstal, Bode-Panzer, Bordogna, Bricard, Brown Safe Manufacturing, Bumil Safe Manufacturing, Cannon Safe, Cisa, Citysafe, CompX International, Fire King, Firelock Fireproof Modular Vaults, Format Tresorbau, Gardall Safe, Hall's Safe, Hamilton Safe, Joli Safe, Juwel, Kale Celik Esya, Phoenix Safe, Securifort, Stark Safes, and Technomax.

Commenting on the report, an analyst from Technavio’s team said: “Personalization and trending of retina detection feature will be a key trend for market growth. With low differentiating factor for electronic safes, vendors are coming up with different color options, styles, and designs to differentiate their product offerings. One of the major roadblocks faced by the vendors in this market is the uniformity maintained across all large and small players. This allows players to come up with new designs and colors. The Browning Pro Series has been designed specifically for home use. The safe comes in five colour varients such as black cherry to titanium metallic. In addition to color, manufacturers are offering safes with two drawer or four drawer options to suit the customer needs. To increase the level of personalization through technology, vendors offers the guest mode options. Also to enhance the level of security, manufacturers are introducing safes with retina scanner. This offers better safety option to the buyer.”

According to the report, security concerns among consumers will be a key driver for market growth. With the improvement in living standards and availability of affordable home security systems, consumers from all income segments are investing on home security products. Consumers are making maximum use of digitization to increase the safety of their homes. Vendors can capitalize on this opportunity to introduce new product offerings to attend to the needs of today’s customers. According to the Electronic Security Association, the average loss on a home with a home security system, is over $3,200, compared to over $5,300 for a home without any security installed.

Further, the report states that a challenge for the vendors of the global home safes market is their high total cost of ownership and high product useful life. The costs start mounting at the time of installation itself, with the movement of heavy iron parts to assemble the safe. Maintenance costs are also escalated during the lifetime of a safe. A brand new or even a used replacement high-security safe can cost in excess of US$15,000. The other problem with these items is that they are very durable, and repeat customers will only result when there is a replacement needed due to damage. High durability removes the need for changing these systems on a periodic basis, leading to low repeat purchases between short lapses of time.

Companies Mentioned

Assa Abloy, American Security Products, Diebold, Godrej & Boyce, Gunnebo, Kaba, Access Security Products, ACME Security, Alpha Safe & Vault, Bjarstal, Bode-Panzer, Bordogna, Bricard, Brown Safe Manufacturing, Bumil Safe Manufacturing, Cannon Safe, Cisa, Citysafe, CompX International, Fire King, Firelock Fireproof Modular Vaults, Format Tresorbau, Gardall Safe, Hall's Safe, Hamilton Safe, Joli Safe, Juwel, Kale Celik Esya, Phoenix Safe, Securifort, Stark Safes, and Technomax.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top vendors
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Consumer insights
  • Market landscape
    • Market overview
      • Table Global vaults and safes market: Overview
    • Global safes and vaults market
      • Table Global safes and vaults market 2015-2020 ($ billions)
      • Table Global safes market: Overview
    • Global safes market
      • Table Global safes market by end-user 2015 (% revenue)
      • Table Global safes market by end-user 2015 ($ billions)
    • Global home safes market: Segmentation by type
      • Table Global home safes market 2015: Segmentation by type (% revenue)
      • Table Global home safes market 2015: Segmentation by type ($ millions)
    • Global home electronic safes market
      • Table Global home electronic safes market 2015-2020 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global home electronic safes market by product 2015 (% revenue)
    • Table Global home electronic safes market by product 2020 (% revenue)
    • Global home electronic fire and security safes market
      • Table Global home electronic fire and security safes market 2015-2020 ($ millions)
    • Global home electronic gun safes market
      • Table Global home electronic gun safes market 2015-2020 ($ millions)
      • Table Global gun safes and vaults market by type 2015 (% revenue)
    • Global home electronic other safes market
      • Table Global home electronic other safes market 2015-2020 ($ millions)
  • Geographical segmentation
    • Global home electronic safes market by geography
      • Table Global home electronic safes market by geography 2015 (% revenue)
      • Table Global home electronic safes market by geography 2020 (% revenue)
    • Home electronic safes market in APAC
      • Table Home electronic safes market in APAC 2015-2020 ($ millions)
    • Home electronic safes market in the Americas
      • Table Home electronic safes market in the Americas 2015-2020 ($ millions)
      • Table Penetration of managed home security systems in North America 2014-2019
    • Home electronic safes market in EMEA
      • Table Home electronic safes market in EMEA 2015-2020 ($ millions)
      • Table Use of security systems in smart homes market in Europe 2014
  • Market drivers
    • Security concerns
    • Increasing adoption of guns and gun safes
    • Provision of anti-theft dual protection features
    • Culture of storing valuables at home
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High total cost of ownership and low repeat purchases
    • Lack of awareness
    • Loopholes in security features of electronic safes
    • Perception about banks being a safer option
    • High adoption rates of home security systems in developed countries
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Popularity of safes with biometric features
    • Introduction of smart safes
    • Personalization and inclusion of retina detection feature
  • Vendor landscape
    • Competitive landscape
    • Market insights
    • Key players of the global home electronic safes market
    • Competitive assessment of top five vendors
    • ASSA ABLOY
      • Table ASSA ABLOY: Business segmentation by revenue 2015
      • Table ASSA ABLOY: Geographical segmentation by revenue 2015
      • Table ASSA ABLOY: Product offerings
    • AMSEC
      • Table AMSEC: Product categories for residential use
      • Table AMSEC: Product categories for business purposes
    • Diebold
      • Table Diebold: Segmentation by revenue 2015
      • Table Diebold: Geographical segmentation by revenue 2015
    • Godrej & Boyce
      • Table Godrej & Boyce: Business segmentation by revenue 2015
      • Table Godrej & Boyce: Geographical segmentation by revenue 2015
    • Gunnebo
      • Table Gunnebo: Geographical segmentation by revenue 2015
    • Kaba Group
      • Table Kaba Group: Business segmentation by revenue 2015
      • Table Kaba Group: Geographical segmentation by revenue 2015
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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