Security Safes Market Report 2025

The security safes market size has grown strongly in recent years. It will grow from $3.3 billion in 2024 to $3.57 billion in 2025 at a compound annual growth rate (CAGR) of 8%. The growth during the historic period can be attributed to rising burglary rates, increased awareness of personal security, growing demand from the banking sector, higher demand for portable and mobile safes, and expanding urban population density.

The security safes market size is expected to see strong growth in the next few years. It will grow to $4.79 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. In the forecast period, growth is expected to be driven by greater integration with smart home systems, heightened concerns over cyber-physical threats, increasing demand for secure storage in e-commerce logistics, wider adoption of biometric authentication, and a growing need for safes in educational institutions. Key trends anticipated include technological advancements in digital safes, developments in blockchain-based access control, innovations in eco-friendly materials, progress in hybrid safe technologies, introduction of voice-enabled access systems, and enhanced biometric security solutions.

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 players 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, Barska Optics, 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, and Goldensafe Co. Ltd.

North America was the largest region in the security safes market in 2024. The regions covered in security safes report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the security safes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the machinery sector by increasing costs for steel, hydraulic systems, and precision bearings critical components often imported from tariff-affected regions. Manufacturers of construction, agricultural, and industrial machinery now face squeezed margins, as many long-term contracts prevent immediate price adjustments. The uncertainty has also delayed investment in automation and smart machinery technologies, slowing productivity gains. To adapt, firms are accelerating local supplier development, redesigning products to use alternative materials, and leveraging predictive maintenance to extend equipment lifespans amid higher replacement costs.

Security safes are robust, tamper-resistant enclosures designed to provide a high level of protection against unauthorized access and environmental hazards. Built from durable materials and equipped with precision-engineered locking mechanisms, these safes ensure the security of their contents even against forced entry attempts or extreme conditions over long periods.

The main categories of security safes include fireproof safes, burglary safes, gun safes, data safes, and others. Fireproof safes are specialized storage units intended to protect valuables and documents from fire and high temperatures for a designated duration. These safes incorporate various locking technologies such as mechanical, digital or electronic, and smart locks, and are made from materials such as steel, composite materials, plastic, wood, and metal alloys. They are distributed through channels including online stores, specialty shops, supermarkets or hypermarkets, and others, serving diverse end-users such as residential, commercial, industrial, and government or public institutions.

The security safes market research report is one of a series of new reports that provides security safes market statistics, including the security safes industry global market size, regional shares, competitors with the security safes market share, detailed security safes market segments, market trends, and opportunities, and any further data you may need to thrive in the security safes industry. This security safes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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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