Market Research Logo

Safes and Vaults Market in Europe 2017-2021

Safes and Vaults Market in Europe 2017-2021

About Safes and Vaults

Safes and vaults are secure storage items used for the protection of valuables from threats, such as fire breakouts and burglar attacks. In many cases, they are used to prevent unauthorized access to potentially valuable items placed in them. With the advance of technology, safes and vaults are being electronically integrated to create smart systems. In Europe, the manufacturers of safes and vaults have a wide variety in their product portfolio to meet the needs of different customers. The key end customers for this segment are the banking sector, retail sector, industrial and high-risk sector, and individual customers.

Technavio’s analysts forecast the safes and vaults market in Europe to grow at a CAGR of 6.12% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the safes and vaults market in Europe for 2017-2021. To calculate the market size, the report covers the detailed analysis of major vendors and a brief about other prominent vendors of safes and vaults market in Europe.Technavio's report, Safes and Vaults Market in Europe 2017-2021, 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

  • BJARSTAL s.a.r.l.
  • Gunnebo
  • L'ITALIANA CASSEFORTI
  • Paritet-K
Other prominent vendors
  • Bravarija Piljek
  • Door System
  • Ferocon
  • Hexa
  • Morichini Sicurezza
  • Stark
Market driver
  • Rise in adoption of gun safes and vaults.
  • For a full, detailed list, view our report
Market challenge
  • High total cost of ownership and low repeat purchase.
  • For a full, detailed list, view our report
Market trend
  • Emergence of smart safes for retail sector.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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 – Safes and Vaults Market in Europe 2017-2021

Technavio recognizes the following companies as the key players in the safes and vaults market in Europe: BJARSTAL s.a.r.l., Gunnebo, L'ITALIANA CASSEFORTI, and Paritet-K.

Other Prominent Vendors in the market are: Bravarija Piljek, Door System, Ferocon, Hexa, Morichini Sicurezza, and Stark.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is growth of biometric safes. The growth of biometric safes in the European market is witnessing a regular annual advance. The consumers in this region are urging for secure ways of handling documents or valuables. About 52% of the European consumers prefer fingerprint scanning as the most secure way of biometric. Remaining consumers prefer facial, voice, and behavioral biometric.”

According to the report, one driver in market is growing demand from retail sector. The organized retail industry in Europe is highly fragmented into different sectors, such as food, fashion, electronics, and others. The growth of the organized retail sector in Germany, Russia, and Sweden is booming. In Russia, about 60% of the people spending is through the retail sector. After the Euro crisis, the Netherlands is also focusing on its retail sector since this sector can renew easily compared with other sectors. This growth in the organized retail sector will accelerate the growth of the safes and vaults market in Europe. Moreover, the organized retail sector follows an organized way of product and service delivery to the customers. This includes proper cash management, uniform garments for the staffs, customer satisfaction, and others.

Further, the report states that one challenges in market is high total cost of ownership and low repeat purchase. High total cost of ownership and high product useful life are the major threats for safes and vaults manufacturers. The costs start mounting at the time of installation due to 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 more than $15,000, which in the case of vaults can cost as high as $100,000. In addition, the safes and vaults are durable, thereby offering them an extended lifespan. High durability eliminates the need for changing these systems on a periodic basis, leading to a decline in the repeat purchase of the product. The repeat purchase happens only in case of long-term contracts between buyers and suppliers.

Companies Mentioned

BJARSTAL s.a.r.l., Gunnebo, L'ITALIANA CASSEFORTI, Paritet-K, Bravarija Piljek, Door System, Ferocon, Hexa, Morichini Sicurezza, and Stark.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Segmentation of safes and vaults market in Europe
    • Market size and forecast
      • Table Safes and vaults market in Europe 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Safes and vaults market in Europe by product type
      • Table Safes and vaults market in Europe by product type 2016 and 2021 (% revenue)
      • Table Growth rates of safes and vaults market in Europe by product type 2017-2021
    • Cash management safes market in Europe
      • Table Cash management safes market in Europe 2016-2021 ($ millions)
    • Gun Safes and Vaults market in Europe
      • Table Gun safes and vaults market in Europe 2016-2021 ($ millions)
    • Depository Safes market in Europe
      • Table Depository Safes market in Europe 2016-2021 ($ millions)
    • Vault and vault doors market in Europe
      • Table Vault and vault doors market in Europe 2016-2021 ($ millions)
    • Media safes market in Europe
      • Table Media safes market in Europe 2016-2021 ($ millions)
    • Other safes market in Europe
      • Table Other safes market in Europe 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Safes and vaults market in Europe by end-user
      • Table Safes and vaults market in Europe by end-user 2016 and 2021 (% revenue)
      • Table Growth rates of safes and vaults market in Europe by end-user 2017-2021
    • Safes and vaults market in Europe for banking sector
      • Table Safes and vaults market in Europe for banking sector 2016-2021 ($ millions)
    • Safes and vaults market in Europe for retail sector
      • Table Safes and vaults market in Europe for retail sector 2016-2021 ($ millions)
    • Safes and vaults market in Europe for individual customers
      • Table Safes and vaults market in Europe for individual customers 2016-2021 ($ millions)
    • Safes and vaults market in Europe for others segment
      • Table Safes and vaults market in Europe for others segment 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Emergence of smart safes for retail sector
    • Growth of biometric safes
    • Demand from pharmaceutical sector
  • Vendor landscape
    • Competitive scenario
    • BJARSTAL s.a.r.l.
      • Table Bjarstal s.a.r.l.: Product segmentation
    • Gunnebo
      • Table Recent developments of Gunnebo
    • L'ITALIANA CASSEFORTI
      • Table L'ITALIANA CASSEFORTI: Key highlights
    • Paritet-K
      • Table Paritet-K: Key highlights
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report