Technavio, a tech-focused market research company, has published a new report on the global domestic safety locker market, which is expected to grow at a CAGR of over 4% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global domestic safety locker market into the following key regions: the America, APAC, and EMEA.
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Domestic safety locker market in Americas: The increasing number of thefts is driving the market for domestic safety lockers in the Americas. The home electronic safety locker market is developing due to the growing demand for these products from developed countries such as the US and Canada. The vendors in the market are introducing lockers with new and innovative features to expand their consumer base and increase their revenues.
According to Sarah Haque, a lead analyst at Technavio, “The different variety of safes available in the global market include burglary and fire safety safes, floor safes, wall safes, and electronic safes. These products are designed to offer sophisticated features such as e-lock with a touch screen pad, and the safes are constructed of solid steel that provides greater security from being vandalized. The introduction of domestic safety lockers with features such as fingerprint safe mechanism will revolutionize the market in the US.”
Domestic safety locker market in APAC: The advent of new residential construction projects and strong economic growth will make APAC the fastest growing region in the global market. The demand for domestic safety lockers is primarily from India, China, and Australia. The manufacturers in APAC are expanding their business by launching low-cost offerings in countries like South Korea, New Zealand, and other Southeast Asian regions. India and China are the leading countries in the APAC region to provide high-tech solutions to customers worldwide.
Domestic safety locker market in EMEA: The growing demand for high-end certified safety lockers in the Europe region will drive the growth in the EMEA market. The increasing number of renovation and new construction projects will boost the sale of these lockers in the EMEA market. Furthermore, the development of the Middle East and increasing investments in residential construction in countries such as the UAE will have a positive impact on the growth market in this region.
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The top leading vendors operating in the global domestic safety locker market are:
- AMSEC
- Godrej & Boyce
- Gunnebo Group
Other prominent vendors in the market include Access Security Products, Ample Electro-Mechanic, BordognaGroup, Brown Safe Manufacturing, Bumil Safe, Cannon Safe, CISA, and FireKing Security Group.
A more exhaustive analysis is available in the Technavio report titled, ‘Global Domestic Safety Locker Market 2017-2021’. Technavio also customizes reports by additional regions and definite segments upon request.
Other related reports:
- Global Safes and Vaults Market 2016-2020
- Global Connected Home Security System Market 2016-2020
- Global Residential Security Systems Market 2016-2020
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