DUBLIN--(BUSINESS WIRE)--Sep 11, 2018--The "Global Safes and Vaults Market 2018-2022" report has been added to ResearchAndMarkets.com's offering. The global safes and vaults market is anticipated to grow at a CAGR of 6.08% during the period 2018-2022.

The latest trend gaining momentum in the market is the increasing technology advances with respect to safes and vaults. Vendors are introducing innovative solutions such as digital sales, biometric safes, and fire-resistant safes. The adoption pattern of safes and vaults is increasingly shifted toward digital sales from manual key-operated safes.

According to the report, one of the major drivers for this market is the increasing demand from non-banking sectors comprising of several end-users including gun stores, restaurants and retailers, individual owners, and other organizations. Rising crime rates and robberies have further increased the requirement for the safes and vaults in various industries.

Further, the report states that one of the major factors hindering the growth of this market is the high cost and low rate of repeat purchase. Safes and vaults are required to protect valuable materials. As a result, the increasing prices of safes are further expected to hinder the growth of the global safes and vaults market during the predicted period.

Market TrendsIncreasing Technology Advances with Respect to Safes and VaultsAugmented Demand for Smart and Concealed SafesRising Popularity of Handgun and Pistol Vaults

Key Vendors

American Security ProductsDiebold NixdorfDormakaba GroupGodrej Consumer Products LimitedGunnebo

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Product

8. Customer Landscape

9. Market Segmentation by End-User

10. Regional Landscape

11. Decision Framework

12. Drivers and Challenges

13. Market Trends

14. Vendor Landscape

15. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/ctm4nw/the_global_safes?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180911005503/en/

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SOURCE: Research and Markets

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PUB: 09/11/2018 09:43 AM/DISC: 09/11/2018 09:43 AM