Global Safes and Vaults Market Expected to Reach $6,907 Million by 2023 - Allied Market Research - Seite 2

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The report features a competitive scenario of the global safes and vaults industry and provides a comprehensive analysis of key growth strategies adopted by the major players. The key players profiled in the study are American Security Products Co., Godrej & Boyce Manufacturing Co. Limited., Diebold Nixdorf, Incorporated., dormakaba, Gunnebo Industries AB, Access Security Products Ltd., Alpha Safe & Vault, Inc., Acme Security Systems., BJARSTAL s.a.r.l., and Bode-Panzer GmbH. These players adopt competitive strategies, such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations, to augment the safes and vaults market growth.

Key Findings of the Safes and Vaults Market: 

• The cash management safes segment accounted for the highest share of the global safes and vaults industry in 2016, growing at a CAGR of 5.1% from 2017 to 2023.
• The banking sector of the safes and vaults market generated the highest revenue share in 2016, and is projected to grow at a rate of 5.2%.
• The Europe safes and vaults market generated the highest share, valued at $2,004 million, in terms of revenue in 2016.
• The safes and vaults market for non-banking sector segment is expected to witness the highest growth rate during the forecast period.

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