Lewes, DE -- (SBWIRE) -- 04/02/2015 -- Report forecast the Global Safes and Vaults market to grow at a CAGR of 5.32 percent over the period 2014-2019.

Safes and vaults provide security from threats such as fire and burglary. In many cases, they are used to prevent unauthorized access to potentially dangerous items placed within them. An increase in crime rate, coupled with the growing affluence of people, is making them a necessity. With the advent of technology, they are increasingly being integrated with electronic devices to create smart systems. Manufacturers of safes and vaults have a wide variety in their product portfolio to meet the needs of different customers.

The Global Safes and Vaults market can be divided into seven segments based on the type of product: Media Safes, Gun Safes, Floor and Wall Safes, Cash Management Safes, Depository Safes, Vaults and Vault Doors, and Other Safes. The key end-consumers of safes and vaults are the Banking sector, the Retail sector, individual consumers, and other sectors such as Pharmaceuticals, Hospitality, and Chemicals.

According to the report, one of the major drivers of the market is the increased demand from the Banking sector for safes and vaults. Bank vaults are secure spaces where valuables, cash, and documents are stored. They contain doors, panels, and locks, which should have preferable characteristics such as low maintenance, emergency ventilators, integrated light switches with electrical boxes, and ventilators.

Further, the report states that one of the key challenges in the market is the fragmentation of the same. The market is characterized by a handful of international corporations that account for a low share of the global market, while the rest of the market is split between many players operating worldwide. The larger companies are capital-intensive and concerned with value-added activities such as material production, innovation in products, and high-volume supplies. This increases the per unit cost of production for these companies.

Global Safes and Vaults Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, and the Americas; it also covers the Global Safes and Vaults 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 players in the Global Safes and Vaults Market: American Security Products Co. (Amsec), Diebold Inc., Godrej & Boyce Manufacturing Co. Ltd. and Kaba Group

Other Prominent Vendors in the market are: Access Security Products, ACME Security Group, Alpha Safe, Bjarstal, Bode-Panzer, Bordogna Group, Bricard, Brown Safe Manufacturing, Bumil Safe Manufacturing, Cannon Safe, Cisa, Citysafe, CompX International, Conforti, Corporate Safe Specialists, Firelock Fireproof Modular Vaults, Format Tresorbau, Gardall Safe, Gunnebo, Hall's Safe, Hamilton Safe, Joli Safe, Juwel, Kale Celik Esya, Kamet, Kardex Remstar, KASO, Konsmetal Alians, Kuhamira Group, Liberty Safe and Security Products, Malow, Mueller Safe, Mutual Safe and Security Group, Nauta Security, Onity, Phoenix Safe Co., Securidev, Securifort, Sentry Group, Smith and Wesson Holding, Stark Safes and Technomax.

Key Regions
- Americas
- APAC
- Europe

Key Market Driver
- Increased Demand from Banking Sector
- For a full, detailed list, view our report

Key Market Challenge
- Fragmentation of Market
- For a full, detailed list, view our report

Key Market Trend
- Digitization of Safes and Vaults
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 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?

Spanning over 90 pages "Global Safes and Vaults Market 2015-2019" report covers the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Product Type, Geographical Segmentation, Market Segmentation by End-user, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-safes-and-vaults-market-2015-2019

Browse more Machinery reports at: http://www.marketresearchreports.com/machinery

About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

For regular industry updates subscribe to our newsletter at:
http://www.marketresearchreports.com/subscribe-to-newsletter