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Global Safes Vaults Market to Cross 5.5 Billion by 2012 According to...

Global safes & vaults market, constituting about 3% of the global security equipment market, is on an inclining trend owing to increasing need for high-level security in various industries. Various factors influencing the market include increasing safety concerns, technological innovations in the global security equipment market, and increasing number of commercial banks. Crime in residential areas, increasing at an alarming rate, is widening the scope for security equipment market. Escalating sales of cabinet safes, modular and cast vault rooms, armored cabinets and vault doors are boosting the passive security equipment market.

European safes and vaults market (http://www.strategyr.com/Safes_and_Vaults_Market_Report.asp) is estimated at $1.36 billion for 2008, as stated by Global Industry Analysts, Inc. Asia-Pacific is likely to emerge as the fastest growing market for safes and vaults, recording a CAGR of more than 4.5% over the period 2000-2010. Safes & vaults market, over the years, has been concentrating on the electronic side of the security industry. Electronic and computer technology is benefiting the industry in several aspects. Safe manufacturers are providing various high technology characteristics to safes and other security systems. Safes market (http://www.strategyr.com/Safes_and_Vaults_Market_Report.asp) in the United States is projected to reach $914 million by 2015.

In the physical security market, biometrics is expected to play a major role in providing improved performance by restricting unauthorized access to a storage device. Biometrics, one of the most promising technological has also forayed into the security market, providing the manufacturers with an opportunity to produce safes and vaults that authenticate the user based on behavioral or physiological characteristics.

The report titled "Safes & Vaults: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a review of key markets, growth drivers, product introductions/innovations and recent industry activity. The study analyzes market data and analytics in value sales for regions including United States, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America for the period 2000-2015. Product segments analyzed include Safes and Vaults.

Key players dominating the global safes & vaults market include Allied Fire & Security, Brown Safe Manufacturing, Bumil Safe, De La Rue, Diebold, Firelock Fireproof Modular Vaults, FireKing Security Group, EXL Safe, Format Tresorbau GmbH, Godrej & Boyce, Gardall Safe Corporation, Gunnebo AB, Chubb Safes, Fichet-Bauche, Kaba AG, KASO Oy, Klipton Ltd, Lampertz, Liberty Safe and Security Products, Mutual Safe Co, Sentry Group and Stark Safes.

For more details about this research report, please visit http://www.strategyr.com/Safes_and_Vaults_Market_Report.asp.

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

Telephone 408-528-9966

Fax 408-528-9977

Email press @ StrategyR.com

Web Site www.StrategyR.com

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