In the year 2024, the industry size of security safes is assessed at USD 3.6 billion.
Security Safes Market size was over USD 3.17 billion in 2023 and is projected to reach USD 24.68 billion by 2036, growing at around 17.1% CAGR during the forecast period i.e., between 2024-2036.
Asia Pacific industry is poised to hold largest revenue share by 2036, propelled by growing banking and non-banking sectors in the region.
The major players in the market are Godrej & Boyce Manufacturing Co. Limited., Dean Safe, dormakaba Group, Access Security Products Ltd., Alpha Safe & Vault, Inc., Acme Security Systems., BJARSTAL s.a.r.l., Bode-Panzer GmbH, Chubb Safes Ltd., and others.