Automated Safe Deposit Lockers Market Report 2025

The automated safe deposit lockers market size has grown rapidly in recent years. It will grow from $1.6 billion in 2024 to $1.83 billion in 2025 at a compound annual growth rate (CAGR) of 14.3%. The growth during the historic period can be attributed to the rising preference for contactless banking services, increasing investments in bank automation, growing demand for secure storage access, heightened focus on customer convenience, and the need for space optimization.

The automated safe deposit lockers market size is expected to see rapid growth in the next few years. It will grow to $3.08 billion in 2029 at a compound annual growth rate (CAGR) of 13.9%. The growth projected for the forecast period is driven by the expanding integration of IoT in security systems, rising demand for digital identity verification, increasing adoption of cloud-based locker management, wider use of AI for threat detection, and greater emphasis on operational efficiency in banking. Key trends expected in the forecast period include advancements in biometric-enabled locker access, development of mobile app-controlled locker systems, innovations in remote access and monitoring features, progress in real-time locker usage analytics, and the creation of tamper-proof digital locking mechanisms.

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 players in the automated safe deposit lockers market are SECOM Co. Ltd., Diebold Nixdorf Incorporated, Itoki Corporation, Gunnebo AB, Godrej Security Solutions Pvt. Ltd., Fuji Seiko Co. Ltd., Traka ASSA ABLOY Limited, BURG-WÄCHTER GmbH & Co. KG, AXON Business Systems LLC, Hunan Jinzheng Technology Co. Ltd., American Locker Security Systems Inc., Kumahira Co. Ltd., Brown Safe Manufacturing Inc., LockTec GmbH, Phoenix Safe International LLC, Smart Lockers MVK Private Limited, Eurolockers BV, MS Protect AG, MySafe Citizen Private Limited, Contecon GmbH, Creone AB, LastingSafe Intelligent Technology Co. Ltd.

North America was the largest region in the automated safe deposit lockers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in automated safe deposit lockers report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automated safe deposit lockers 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 rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

Automated safe deposit lockers are advanced, self-operated locker systems that incorporate technologies such as robotics, biometric authentication, and smart card access to provide secure and efficient storage of valuables within banking premises. These systems are designed to allow customers 24/7 access to their lockers without human assistance, enhancing convenience, operational efficiency, and overall security.

The primary type of automated safe deposit locker is the automated safe deposit locker itself. Biometric authentication involves identity verification based on unique physical characteristics such as fingerprints, facial features, or iris and retina scans, instead of shared codes or keys. These systems include components such as hardware, software, and services, and can be deployed either on-premises or via the cloud. Key end users include banks, financial institutions, hotels, and others.

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

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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