Automated Safe Deposit Lockers Market Report 2026

The automated safe deposit lockers market size has grown rapidly in recent years. It will grow from $1.83 billion in 2025 to $2.09 billion in 2026 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to increasing demand for secure asset storage, rising footfall in bank branches, expansion of urban banking infrastructure, growing adoption of self-service banking technologies, increased focus on physical asset protection.

The automated safe deposit lockers market size is expected to see rapid growth in the next few years. It will grow to $3.51 billion in 2030 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to increasing investments in smart banking infrastructure, rising preference for contactless banking services, expansion of digital-first branch models, growing demand for automated vault systems, increasing integration of advanced security technologies. Major trends in the forecast period include increasing adoption of biometric-based locker authentication, rising deployment of fully automated locker retrieval systems, growing integration of cloud-based locker management platforms, expansion of 24x7 self-service banking infrastructure, enhanced focus on high-security vault automation.

The increasing incidence of bank theft and fraud is anticipated to drive the growth of the automated safe deposit lockers market. Bank theft and fraud encompass criminal activities involving unauthorized access to funds or sensitive data, often carried out through methods such as hacking, impersonation, or digital deception. As cybercriminals take advantage of the growing shift to online banking, tactics such as phishing emails and counterfeit websites are being used to steal login credentials and access personal accounts. Automated safe deposit lockers address these threats by employing advanced technologies such as biometric authentication and fully automated systems, thereby minimizing the risk of unauthorized access and internal security breaches. For example, in May 2025, the House of Commons reported that criminals stole approximately $1.52 billion (£1.17 billion) in 2024 through banking fraud and scams, including around $936 million (£722 million) in unauthorized transactions and $584 million (£451 million) from authorized fraud. Consequently, the rise in bank-related criminal activity is supporting the demand for secure, automated safe deposit locker solutions.

Companies in the automated safe deposit lockers market are focusing on innovation by developing advanced, user-centric solutions to improve security and convenience. These automated safe deposit boxes offer self-service access through robotics and biometric systems, eliminating the need for bank staff and enhancing both privacy and flexibility. For instance, in June 2025, the National Bank of Kuwait launched the country’s first Automated Safe Deposit Boxes, providing customers with 24/7 access to their valuables via a smart, automated system located in a secure private room. The deposit boxes are made of fire-resistant steel and are designed to ensure maximum protection for valuable items and important documents, offering a seamless and confidential banking experience.

In December 2024, Gunnebo Safe Storage, a Sweden-based provider of security solutions, acquired Carl Wittkopp GmbH for an undisclosed amount. This acquisition aims to bolster Gunnebo’s position in the high-security locking market by integrating WITTKOPP’s certified mechanical and electronic locks into its portfolio. With a strong legacy and expertise in secure storage solutions, particularly in automated safe deposit lockers, Carl Wittkopp GmbH - based in Germany - brings added value and innovation potential to Gunnebo’s global operations.

Major companies operating in the automated safe deposit lockers market are SECOM Co. Ltd., Diebold Nixdorf Incorporated, Gunnebo AB, Godrej Security Solutions Pvt Ltd., Microtronic AG, American Locker Company Inc., Apex Supply Chain Technologies Ltd., Creone AB, Locktec UK Ltd., Eurolockers BV, Traka ASSA ABLOY Limited, BURG‑WÄCHTER GmbH & Co KG, MS Protect AG, MySafe Citizen Private Limited, Contecon GmbH, Hollon Safe Company, Cannon Safe Inc., Alpha Safe & Vault Inc., Bode Panzer GmbH, Brown Safe Manufacturing Inc., Sargent and Greenleaf Inc., Liberty Safe and Security Products Inc., Access Security Products Ltd., FireKing Security Group, Hamilton Safe Company.

North America was the largest region in the automated safe deposit lockers market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated safe deposit lockers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automated safe deposit lockers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automated safe deposit lockers market consists of revenues earned by entities by providing services such as biometric authentication access, real-time locker monitoring, digital locker reservation, secure audit trail management, and remote access authorization. The market value includes the value of related goods sold by the service provider or included within the service offering. The automated safe deposit lockers market also includes sales of products, including biometric authentication systems, robotic locker access units, real-time surveillance systems, and smart user interface panels. 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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