Safes and Vaults - Global Strategic Business Report

This report analyzes the worldwide markets for Safes and Vaults in US$ Million by the following Product Segments: Safes, and Vaults. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America. Annual estimates and forecasts are provided for the period 2009 through 2017. Also, a six-year historic analysis is provided for these markets. The report profiles 192 companies including many key and niche players such as

Allied Fire & Security
- Brown Safe Manufacturing Inc.
- Bumil Safe Mfg Co. Ltd.
- Diebold Inc.
- Firelock Fireproof Modular Vaults
- FireKing Security Group
- Format Tresorbau GmbH & Co. KG
- Gardall Safe Corporation
- Godrej & Boyce Mfg. Co. Ltd.
- Gunnebo AB
- Chubb Safes Ltd
- Fichet-Bauche SA
- Kaba Holding AG
- KASO Oy
- Klipton Ltd.
- Lampertz GmbH & Co Kg
- Liberty Safe and Security Products Inc.
- Mutual Safe Co. Inc.
- Sentry Group Inc.
- Stark Safes Srl

Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain.

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I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-3
Quantitative Techniques & Analytics I-3
Product Definitions and Scope of Study I-3
Safes I-3
Vaults I-3

II. Executive Summary

1. INDUSTRY OVERVIEW II-1
A Primer II-1
Market Characteristics II-2
Growth Slips Amid a Cooling Economy II-2
Outlook II-3

2. PRODUCT OVERVIEW II-4
Safes & Alarm Systems II-4
Types of Direct Safes II-4
Fire and Document Safes II-4
Media and Data Safes II-4
Depository (drop) Safes II-5
Gun Safes and Cabinets II-5
Home Safes II-5
Jewelry Safes II-5
Other Types of Safes II-5
Vault Management Systems II-5
Automatic Safe Dialer II-6
Portable Units II-6
Controlled Environment Vault (CEV) II-6
Safes for Hotel Rooms II-7
Modular Vaults II-7
Specialized Vaults II-7
Portable Safe II-8
Limitations in the Usage of Safes & Vaults II-8

3. PRODUCT INNOVATIONS/INTRODUCTIONS II-9
Deutsche Bank to Launch Unique Gold Vault for Safe Bullion
Storage II-9
SentrySafe Unveils an Innovative Firearms Safe II-9
Godrej Rolls out a New Line of Security Vaults, Defender z+ in
India II-9
SentrySafe Introduces FIRE-SAFE® Range of Gun Safes II-9
Unisys Launches SmartCash Vault II-10
SpeedySafe Launches SpeedySafeTM Personal Vault II-10
SentrySafe Launches SentrySafe FIRE-SAFE® Vault Door II-10
SentrySafe Launches Gun Safe Models II-10
SentrySafe Unveils FIRE-SAFE® Fingerprint Pistol Safe II-11
SentrySafe launches New Gun Safes II-11
SentrySafe Rolls Out FIRE-SAFE/Waterproof Hard Drive II-12
SentrySafe Launches Data and Document Security Products II-12
Kaba Introduces Elostar C-Lever II-13
Bumil Safe to Launch New Storage Safe for Hospitals and Hotels II-13
Godrej Offers a Comprehensive Security Solution II-13
Sentry Group Launches Fire-resistant Safes II-13
Sentry Group Launches New Fingerprint Safe II-14
Ample Electro-mechanic Launches New D-63CS Safe II-14
Nova and Wilson Safe Jointly Develop AlphaCMS II-14

4. RECENT INDUSTRY ACTIVITY II-15
Corporate Safe Specialists Inc Merges Operations with Fire King II-15
Compass Diversified Holdings Takes Over Liberty Safe and
Security Products II-15
Loomis to Acquire Assets of Ponsec Finland II-15
Offtec Signs Agreement with Visa Jordan Cards Service II-15
VeriChip Acquires Steel Vault II-16
Swiss Bank Installs SEVA 3D RTC Control Device II-16
Onity to Install OS200 Electronic In-room Safes in Rosen
Hotels and Resorts II-16

5. STRATEGIC CORPORATE DEVELOPMENTS - A HISTORIC PERSPECTIVE BUILDER II-17
SentrySafe Buys Schwab II-17
Golden Gate Capital Acquires Pinnacle Security II-17
Arthur Blank & Co. Installs FIRELOCK-Protected Server Vault II-17
Gunnebo to Install Anti-blast and Fire Resistant Doors II-17
Gunnebo Spain to Install a Giant Safe Deposit Locker II-18
UTC Fire & Security Acquires Red Hawk Industries II-18
SISCO Enters into a Partnership with Honeywell II-18
Gunnebo Enters into Agreement with Bauhaus II-18
FireKing Security Group Takes Over Adesco Safe II-18
FireKing Security Group Acquires EXL Safe II-18
Vanguard Acquires DPSI II-19
Cannon Acquires GunVault II-19
FireKing Acquires Star Safe & Lock II-19
FireKing Security Group Acquires McGunn Safe II-19
CUNA & Affiliates Inks Agreement with Diebold II-19
Gunnebo Sets up Modern Production Facility in India II-19

6. FOCUS ON SELECT GLOBAL PLAYERS II-20
Allied Fire & Security (USA) II-20
Brown Safe Manufacturing, Inc. (USA) II-20
Bumil Safe Mfg Co., Ltd. (Korea) II-20
Diebold, Inc. (USA) II-20
Firelock Fireproof Modular Vaults (USA) II-21
FireKing Security Group (USA) II-21
Format Tresorbau GmbH & Co. KG (Germany) II-21
Gardall Safe Corporation (USA) II-21
Godrej & Boyce Mfg. Co., Ltd. (India) II-22
Gunnebo AB (Sweden) II-22
Chubb Safes Ltd (UK) II-22
Fichet-Bauche SA (France) II-23
Kaba Holding AG (Switzerland) II-23
KASO Oy (Finland) II-23
Lampertz GmbH & Co Kg (Germany) II-24
Liberty Safe and Security Products, Inc. (USA) II-24
Sentry Group, Inc. (USA) II-24
Stark Safes Srl (Italy) II-25

7. GLOBAL MARKET PERSPECTIVE II-26
Table 1: World Recent Past, Current & Future Analysis for
Safes & Vaults by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East and Latin
America Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2009 through 2017(includes
corresponding Graph/Chart) II-26

Table 2: World Historic Review for Safes & Vaults by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East and Latin America Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2003 through 2008(includes corresponding
Graph/Chart) II-27

Table 3: World 15-Year Perspective for Safes & Vaults by
Geographic Region - Percentage Breakdown of Dollar Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East and Latin America Markets for Years 2003, 2011 &
2017(includes corresponding Graph/Chart) II-28

Table 4: World Recent Past, Current & Future Analysis for
Safes by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East and Latin America
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2009 through 2017(includes corresponding
Graph/Chart) II-29

Table 5: World Historic Review for Safes by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East and Latin America Markets Independently Analyzed
with Annual Sales Figures in US$ Million for Years 2003
through 2008 (includes corresponding Graph/Chart) II-30

Table 6: World 15-Year Perspective for Safes by Geographic
Region - Percentage Breakdown of Dollar Sales for US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle East and
Latin America Markets for Years 2003, 2011 & 2017(includes
corresponding Graph/Chart) II-31

Table 7: World Recent Past, Current & Future Analysis for
Vaults by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East and Latin America
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2009 through 2017(includes corresponding
Graph/Chart) II-32

Table 8: World Historic Review for Vaults by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East and Latin America Markets Independently Analyzed
with Annual Sales Figures in US$ Million for Years 2003
through 2008 (includes corresponding Graph/Chart) II-33

Table 9: World 15-Year Perspective for Vaults by Geographic
Region - Percentage Breakdown of Dollar Sales for US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle East and
Latin America Markets for Years 2003, 2011 & 2017(includes
corresponding Graph/Chart) II-34

III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
In-Room Security Requirement Drives Demand for Safes in Hotels III-1
Amendments Made to Fire-Resistive Vaults and Safes Standards III-1
Underwriters Laboratories - The Testing Authority for Vaults
and Vault Equipment III-1
B.Market Analytics III-2
Table 10: US Recent Past, Current & Future Analysis for
Safes & Vaults by Product Segment - Safes and Vaults Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2009 through 2017 (includes corresponding
Graph/Chart) III-2

Table 11: US Historic Review for Safes & Vaults by Product
Segment - Safes and Vaults Markets Independently Analyzed
with Annual Sales Figures in US$ Million for Years 2003
through 2008 (includes corresponding Graph/Chart) III-3

Table 12: US 15-Year Perspective for Safes & Vaults by
Product Segment - Percentage Breakdown of Dollar Sales for
Safes and Vaults Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-4

2. CANADA III-5
Market Analytics III-5
Table 13: Canadian Recent Past, Current & Future Analysis
for Safes & Vaults by Product Segment - Safes and Vaults
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2009 through 2017(includes
corresponding Graph/Chart) III-5

Table 14: Canadian Historic Review for Safes & Vaults by
Product Segment - Safes and Vaults Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2003 through 2008 (includes corresponding Graph/Chart) III-6

Table 15: Canadian 15-Year Perspective for Safes & Vaults by
Product Segment - Percentage Breakdown of Dollar Sales for
Safes and Vaults Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-7

3. JAPAN III-8
Market Analytics III-8
Table 16: Japanese Recent Past, Current & Future Analysis
for Safes & Vaults by Product Segment - Safes and Vaults
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2009 through 2017(includes
corresponding Graph/Chart) III-8

Table 17: Japanese Historic Review for Safes & Vaults by
Product Segment - Safes and Vaults Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2003 through 2008 (includes corresponding Graph/Chart) III-9

Table 18: Japanese 15-Year Perspective for Safes & Vaults by
Product Segment - Percentage Breakdown of Dollar Sales for
Safes and Vaults Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-10

4. EUROPE III-11
Market Analytics III-11
Table 19: European Recent Past, Current & Future Analysis
for Safes & Vaults by Geographic Region - France, Germany,
Italy, UK, Spain, Russia & Rest of Europe Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2009 through 2017 (includes corresponding
Graph/Chart) III-11

Table 20: European Historic Review for Safes and Vaults by
Geographic Region - France, Germany, Italy, UK, Spain,
Russia & Rest of Europe Markets Independently Analyzed with
Annual Sales Figures in US$ Million for Years 2003 through
2008 (includes corresponding Graph/Chart) III-12

Table 21: European 15-Year Perspective for Safes & Vaults by
Geographic Region - Percentage Breakdown of Dollar Sales for
France, Germany, Italy, UK, Spain, Russia & Rest of Europe
Markets for Years 2003, 2011 & 2017 (includes corresponding
Graph/Chart) III-13

Table 22: European Recent Past, Current & Future Analysis
for Safes & Vaults by Product Segment - Safes and Vaults
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2009 through 2017(includes
corresponding Graph/Chart) III-14

Table 23: European Historic Review for Safes & Vaults by
Product Segment - Safes and Vaults Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2003 through 2008 (includes corresponding Graph/Chart) III-15

Table 24: European 15-Year Perspective for Safes & Vaults by
Product Segment - Percentage Breakdown of Dollar Sales for
Safes and Vaults Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-16

4a. FRANCE III-17
Market Analytics III-17
Table 25: French Recent Past, Current & Future Analysis for
Safes & Vaults by Product Segment - Safes and Vaults Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2009 through 2017 (includes corresponding
Graph/Chart) III-17

Table 26: French Historic Review for Safes & Vaults by
Product Segment - Safes and Vaults Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2003 through 2008(includes corresponding Graph/Chart) III-18

Table 27: French 15-Year Perspective for Safes & Vaults by
Product Segment - Percentage Breakdown of Dollar Sales for
Safes and Vaults Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-19

4b. GERMANY III-20
Market Analytics III-20
Table 28: German Recent Past, Current & Future Analysis for
Safes & Vaults by Product Segment - Safes and Vaults Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2009 through 2017(includes corresponding
Graph/Chart) III-20

Table 29: German Historic Review for Safes & Vaults by
Product Segment - Safes and Vaults Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2003 through 2008 (includes corresponding Graph/Chart) III-21

Table 30: German 15-Year Perspective for Safes & Vaults by
Product Segment - Percentage Breakdown of Dollar Sales for
Safes and Vaults Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-22

4c. ITALY III-23
A.Market Analysis III-23
Viro S.p.A - A Select Italian Player III-23
B.Market Analytics III-23
Table 31: Italian Recent Past, Current & Future Analysis for
Safes & Vaults by Product Segment - Safes and Vaults Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2009 through 2017 (includes corresponding
Graph/Chart) III-23

Table 32: Italian Historic Review for Safes & Vaults by
Product Segment - Safes and Vaults Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2003 through 2008 (includes corresponding Graph/Chart) III-24

Table 33: Italian 15-Year Perspective for Safes & Vaults by
Product Segment - Percentage Breakdown of Dollar Sales for
Safes and Vaults Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-25

4d. THE UNITED KINGDOM III-26
A.Market Analysis III-26
The UK Security Industry III-26
Market Highlights III-26
Terrorist Attacks Affect Prices of Physical Security Equipment III-26
B.Market Analytics III-27
Table 34: UK Recent Past, Current & Future Analysis for
Safes & Vaults by Product Segment - Safes and Vaults Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2009 through 2017 (includes corresponding
Graph/Chart) III-27

Table 35: UK Historic Review for Safes & Vaults by Product
Segment - Safes and Vaults Markets Independently Analyzed
with Annual Sales Figures in US$ Million for Years 2003
through 2008 (includes corresponding Graph/Chart) III-28

Table 36: UK 15-Year Perspective for Safes & Vaults by
Product Segment - Percentage Breakdown of Dollar Sales for
Safes and Vaults Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-29

4e. SPAIN III-30
Market Analytics III-30
Table 37: Spanish Recent Past, Current & Future Analysis for
Safes & Vaults by Product Segment - Safes and Vaults Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2009 through 2017 (includes corresponding
Graph/Chart) III-30

Table 38: Spanish Historic Review for Safes & Vaults by
Product Segment - Safes and Vaults Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2003 through 2008 (includes corresponding Graph/Chart) III-31

Table 39: Spanish 15-Year Perspective for Safes & Vaults by
Product Segment - Percentage Breakdown of Dollar Sales for
Safes and Vaults Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-32

4f. RUSSIA III-33
Market Analytics III-33
Table 40: Russian Recent Past, Current & Future Analysis for
Safes & Vaults by Product Segment - Safes and Vaults Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2009 through 2017 (includes corresponding
Graph/Chart) III-33

Table 41: Russian Historic Review for Safes & Vaults by
Product Segment - Safes and Vaults Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2003 through 2008 (includes corresponding Graph/Chart) III-34

Table 42: Russian 15-Year Perspective for Safes & Vaults by
Product Segment - Percentage Breakdown of Dollar Sales for
Safes and Vaults Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-35

4g. REST OF EUROPE III-36
Market Analytics III-36
Table 43: Rest of Europe Recent Past, Current & Future
Analysis for Safes & Vaults by Product Segment - Safes and
Vaults Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2009 through 2017 (includes
corresponding Graph/Chart) III-36

Table 44: Rest of Europe Historic Review for Safes & Vaults
by Product Segment - Safes and Vaults Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2003 through 2008 (includes corresponding Graph/Chart) III-37

Table 45: Rest of Europe 15-Year Perspective for Safes &
Vaults by Product Segment - Percentage Breakdown of Dollar
Sales for Safes and Vaults Markets for Years 2003, 2011 &
2017 (includes corresponding Graph/Chart) III-38

5. ASIA-PACIFIC III-39
A.Market Analysis III-39
Overview of Select Markets III-39
Hong Kong III-39
India III-39
Digital Safes Take Over “Conventional Tijoris” III-39
Malaysia III-39
Chubb Malaysia Sdn Bhd - A Key Player III-39
Taiwan III-40
B.Market Analytics III-40
Table 46: Asia-Pacific Recent Past, Current & Future
Analysis for Safes & Vaults by Product Segment - Safes and
Vaults Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2009 through 2017 (includes
corresponding Graph/Chart) III-40

Table 47: Asia-Pacific Historic Review for Safes & Vaults by
Product Segment - Safes and Vaults Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2003 through 2008 (includes corresponding Graph/Chart) III-41

Table 48: Asia-Pacific 15-Year Perspective for Safes &
Vaults by Product Segment - Percentage Breakdown of Dollar
Sales for Safes and Vaults Markets for Years 2003, 2011 &
2017 (includes corresponding Graph/Chart) III-42

6. THE MIDDLE EAST III-43
Market Analytics III-43
Table 49: Middle East Recent Past, Current & Future Analysis
for Safes & Vaults by Product Segment - Safes and Vaults
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2009 through 2017 (includes
corresponding Graph/Chart) III-43

Table 50: Middle East Historic Review for Safes & Vaults by
Product Segment - Safes and Vaults Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2003 through 2008 (includes corresponding Graph/Chart) III-44

Table 51: Middle East 15-Year Perspective for Safes & Vaults
by Product Segment - Percentage Breakdown of Dollar Sales
for Safes and Vaults Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-45

7. LATIN AMERICA III-46
A.Market Analysis III-46
Safety and Security Equipment Market in Argentina III-46
B.Market Analytics III-46
Table 52: Latin American Recent Past, Current & Future
Analysis for Safes & Vaults by Product Segment - Safes and
Vaults Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2009 through 2017(includes
corresponding Graph/Chart) III-46

Table 53: Latin American Historic Review for Safes & Vaults
by Product Segment - Safes and Vaults Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2003 through 2008 III-47

Table 54: Latin American 15-Year Perspective for Safes &
Vaults by Product Segment - Percentage Breakdown of Dollar
Sales for Safes and Vaults Markets for Years 2003, 2011 &
2017(includes corresponding Graph/Chart) III-48

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 192 (including Divisions/Subsidiaries - 211)

------------------------------------------
Region/Country Players
------------------------------------------
The United States 24
Canada 2
Europe 150
France 8
Germany 15
The United Kingdom 39
Italy 28
Spain 5
Rest of Europe 55
Asia-Pacific (Excluding Japan) 27
Middle-East 3
Africa 5
------------------------------------------

Securing valuable physical assets such as printed business records and documents, cash, arms & ammunition, data storage devices and jewelry, has become a key concern for people from all walks of life, including the common man, employees, business owners, and building owners. Surging crime rate in most urban and private residential areas is increasingly necessitating high-level security arrangement, creating more opportunities for security equipment. Rising incidents of security infringement at key depository facilities such as banks, and ATMs, and fears over terrorism, vandalism, arson, have truly underscored the need for effective security and safety equipment for safeguarding valuable assets at both residential and commercial facilities. Against this backdrop, the demand for safes and vaults has been on the rise, both in commercial and residential markets.

Despite the popular perception that ever-present safety & security needs and rising crime rates, which interestingly tend to escalate during periods of economic downturn, make security and safety products recession proof, the market ironically has shown signs of marked weakening in the midst of steady deterioration in business climate. The length, breath, and duration of current recession has been unprecedented and the contraction in business activity has been widespread across diverse industries, including the traditionally perceived as resilient safes and vaults market.

The commercial and industrial end-use sector, especially, has witnessed receding demand as a result of tight liquidity, postponement of new purchases and lengthening of the product replacement period. The worst hit industry verticals - banking and retail especially have squeezed demand for safes and vaults. While the meltdown in the banking industry temporarily reduced the immediate need for new banking equipment and security products such as safes and vaults, and depositories, the forced delay in launch of new retail projects such as malls, chain retailers, and franchise outlets, as a result of financial crunch, also eroded new market opportunities. Consumer preferences shifted from high-end technology intensive, expensive safes and vaults to cost effective yet high quality and functional products forcing manufacturers to aggressively price their products at lower prices, or offer their products with more capabilities and functionalities at same price, thus affecting their profit margins.

Demand for home safes, which has been relatively resilient to the recession, has been one of the few bright spots for safes and vaults market in the midst of the difficult business environment. Although limited in its ability to offset the current weakness in the market, in contrast, in the consumer market, home safes interestingly have witnessed a relatively cushioned impact of the recession. Loss of confidence in financial institutions and stock market, invited householders and investors to purchase home safes for storing jewelry, cash, and vital documents, among others. The complete collapse in public confidence can be thrown into sharp relief by the fact that bank deposits have declined at astounding rates, and the stock market has shed trillions of dollars in value. Although the trend has helped marginally perk up volume/unit sales, dollar sales value remained restricted as a result of recession induced price sensitivity among consumers.

Nevertheless, the outlook for the post recession period remains bright, as safety and security of valuable assets against possible thefts, vandalism, and in cases of natural disasters such as fire and floods will always remain vital. Crime in the form of theft and break-ins will always provide the need for securing vulnerable documents and possessions such as passports, personal identification number and passwords, money, jewelry, thus translating into a sound business case for safes and vaults.

As stated by Global Industry Analysts's new market research report, Europe is the largest regional market for safes and vaults. Asia-Pacific is the fastest growing regional market, surging at a CAGR of about 3.5% over the analysis period. By product, safes market is the largest product segment, holding a lion’s share of the global volume sales. Established standards, reliability, variety in offerings and technology enhancements such as use of audit trial, time lock, and other electronic access control methods are driving demand for safes.

Global Industry Analysts ©

Allied Fire & Security
- Brown Safe Manufacturing Inc.
- Bumil Safe Mfg Co. Ltd.
- Diebold Inc.
- Firelock Fireproof Modular Vaults
- FireKing Security Group
- Format Tresorbau GmbH & Co. KG
- Gardall Safe Corporation
- Godrej & Boyce Mfg. Co. Ltd.
- Gunnebo AB
- Chubb Safes Ltd
- Fichet-Bauche SA
- Kaba Holding AG
- KASO Oy
- Klipton Ltd.
- Lampertz GmbH & Co Kg
- Liberty Safe and Security Products Inc.
- Mutual Safe Co. Inc.
- Sentry Group Inc.
- Stark Safes Srl