Security Safes Market Report 2026

The security safes market size has grown strongly in recent years. It will grow from $3.57 billion in 2025 to $3.85 billion in 2026 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to rise in theft incidents, growth in residential security needs, banking and cash handling expansion, regulatory compliance for document storage, urbanization growth.

The security safes market size is expected to see strong growth in the next few years. It will grow to $5.15 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to smart home adoption, growth in digital asset protection, rising gun ownership safety needs, expansion of commercial security infrastructure, demand for data protection solutions. Major trends in the forecast period include growing adoption of smart and biometric safes, rising demand for fire and burglary resistant storage, expansion of home security solutions, preference for compact and concealed safes, increasing use of high strength composite materials.

The increasing incidence of theft is expected to drive growth in the security safes market. Theft, defined as the act of stealing property without the owner's consent, often occurs secretly to permanently deprive the owner of their belongings. The rise in theft cases is largely attributed to economic hardships and social challenges that lead some individuals toward criminal behavior. Security safes help mitigate theft by offering secure storage for valuables, important documents, and firearms. They prevent unauthorized access through reinforced construction and advanced locking systems, thereby enhancing protection for people and property. For example, according to the Crime Statistics Agency Victoria, an Australian government body, theft incidents increased by 38.5% in June 2025, adding 12,343 cases for a total of 44,398 alleged offender incidents. Consequently, the growing theft rates are propelling the security safes market.

Leading companies in the security safes market are developing innovative products such as high-security residential vaults to improve safety, deter theft, and provide homeowners with peace of mind. These vaults are constructed with robust materials, advanced locking mechanisms, and tamper-resistant features to protect valuables from unauthorized access. For instance, in July 2023, INKAS Safes, a Canada-based company, introduced a residential vault door system designed to convert existing basement cold rooms into secure vaults, safe rooms, or firearm storage areas. This vault door boasts ballistic steel construction with a CEN BR6 rating resistant to rifle ammunition, a UL-certified digital keypad lock, heavy-duty steel deadbolts, and a high-security composite design combining reinforced concrete and bulletproof steel for maximum protection. It also includes an emergency one-handed escape latch, offers approximately 60 minutes of fire resistance, and features customizable hinges and installation options.

In October 2024, Gunnebo Safe Storage AB, a Sweden-based security storage firm, acquired Primat Group for an undisclosed sum. This acquisition aims to strengthen Gunnebo’s European manufacturing strategy by leveraging Primat Group’s century-long expertise, broadening its product range, and enhancing production capabilities to better serve the international market. Primat Group is a Slovenia-based manufacturer specializing in security safes and related products.

Major companies operating in the security safes market are Dormakaba Holding AG, Godrej & Boyce Manufacturing Company Limited, Master Lock Company LLC, First Alert Inc., Gunnebo AB, Fichet-Bauche SA, FireKing Security Group, Liberty Safe and Security Products Inc., Stack-On Products Company LLC, American Security Products Company, The Hamilton Safe Company, Cannon Safe Inc., Gunnebo AB, ASSA ABLOY AB, Brown Safe Manufacturing Inc., Protex Safe Co., Mesa Safe Company, Bordogna Casseforti S.r.l., Gardall Safe Corporation, Hollon Safe Company, Paragon Lock and Safe, Phoenix Safe Company Limited, Viking Security Safe, Goldensafe Co. Ltd.

North America was the largest region in the security safes market in 2025. The regions covered in the security safes market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the security safes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The security safes market consists of sales of floor safes, hotel safes, jewelry safes, cash management safes, and waterproof safes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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