Sunday, May 28, 2017
 
 
Company News: Page (1) of 1 - 05/19/17 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Safes and Vaults Market in Europe to Grow at a CAGR of More Than 6% by Technavio
By Business Wire

LONDON--(BUSINESS WIRE)--#Research--Technavio analysts forecast the safes and vaults market in Europe to reach USD 1,439.99 million by 2021, according to their latest report.



This research report titled ?Safes and Vaults Market in Europe 2017-2021 provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

Organized retail sectors contribute majorly to the growth of safes and vaults market in Europe. The e-commerce sector also contributes a reasonable share to it. Gunnebo is a prominent vendor for the safes and vaults market in Europe, followed by Paritet-K, L'ITALIANA CASSEFORTI, and BJARSTAL. Safes and vaults are used to securely store valuables, cash and documents in the banking sector, and expensive items and important documents in other sectors.

Looking for more information on this market? Request a free sample report


Technavios sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavios analysts categorize the safes and vaults market in Europe into the following segments by product type. They are:

  • Cash management safes
  • Gun safes and vaults
  • Depository safes
  • Vault and vault doors
  • Media safes
  • Other safes

The top three revenue-generating product segments are discussed below:

Cash management safes

Cash management safes are highly demanded by cash-in-transit (CIT) operators, large retailers, and banks. These safes form an integral part of a cash-intensive environment. Cash management safes help to reduce redundancy as their usage makes the users spend less time in counting the cash. Also, they help to eliminate both internal and external theft by reducing cash touch points. Software systems imbibed in these safes helps to keep track of the safe's activity from a web-based device.

According to Sharan Raj, a lead warehouse and storage research analyst from Technavio, ?Owing to the financial turbulence, the banking business in Europe had to go for a consolidation and this, in turn, had an impact on the safes and vaults market in the region. The banks cut down on their ATM-related expenses. Also, the increase in electronic money transfer also reduces the demand for ATM safes. However, the demand for these ATM safes is restricted to a minimum range compared with the demand for retail and financial institution safes. All these above demands can make the market grow at a CAGR of over 6% through 2021.

Gun safes and vaults

The strict arms possession law in Europe has perpetrated the growing adoption of gun safes in Europe. The features imbibed in these safes include increased fire temperature tolerance, smooth cam driven locking system with greater handle rotation, and premium door organizer features like see-through pouches and zippered pockets. Other features include mirrored walls for interior visibility, adjustable ball bearing hinges, and lock-out penalties if an incorrect lock combination is entered. These features will drive the growth of the gun safes market.

?The average price for gun safes ranges from USD 450 to USD 500, making it affordable for buying. The demand for gun safes will rise among government organizations, military, and banks to keep security guns, adds Sharan.

Depository safes

Depository safes find its usage in various end-users such as retailers, armored car companies, and restaurants. These safes are made up of heavy-duty steel and have combinational locks fitted in them. Also, these safes are drawer-equipped and integrated with anti-phishing devices to protect the contents. The growth in the armored car production in Germany is expected to boost the demand for depository safes.

The top vendors highlighted by Technavios research analysts in this report are:

  • BJARSTAL s.a.r.l.
  • Gunnebo
  • LITALIANA CASSEFORTI
  • Paritet-K

Browse Related Reports:

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as theyre published in addition to all 6,000+ existing reports covering segments like packaging, transportation and distribution, and logistics. This subscription nets you thousands in savings, while staying connected to Technavios constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com


Page: 1


 





HOT THREADS on DMN Forums
Content-type: text/html  Rss  Add to Google Reader or
Homepage    Add to My AOL  Add to Excite MIX  Subscribe in
NewsGator Online 
Real-Time - what users are saying - Right Now!

About Digital Facility - Contact Us - Advertise With Us - Privacy Guidelines