Research – RnRMarketResearch.com adds Global Home Electronics Safe Market 2016-2020 report.
The analysts forecast global home electronics safe market to grow at a CAGR of 4.92% during the period 2016-2020. The global safes and vaults market is highly fragmented with the presence of many MSME vendors. The larger corporations are expected to grow organically and inorganically during the forecast period. Safes and vaults can be used for a long period, and hence, the repeat customers for these systems are low. Therefore, vendors generate a major part of their revenues through the sales of new customers and the maintenance services for the systems that have already sold.
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This report covers the present scenario and the growth prospects of the global home electronics safe market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of home electronic safes.
The market is divided into the following segments based on geography:
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The report, Global Home Electronics Safe Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The following companies are the key players in the global home electronics safe market: Assa Abloy, American Security Products, Diebold, Godrej & Boyce, Gunnebo, Kaba, Access Security Products, ACME Security, Alpha Safe & Vault, Bjarstal, Bode-Panzer, Bordogna, Bricard, Brown Safe Manufacturing, Bumil Safe Manufacturing, Cannon Safe, Cisa, Citysafe, CompX International, Fire King, Firelock Fireproof Modular Vaults, Format Tresorbau, Gardall Safe, Hall’s Safe, Hamilton Safe, Joli Safe, Juwel, Kale Celik Esya, Phoenix Safe, Securifort, Stark Safes, and Technomax.
Personalization and trending of retina detection feature will be a key trend for market growth. With low differentiating factor for electronic safes, vendors are coming up with different color options, styles, and designs to differentiate their product offerings. One of the major roadblocks faced by the vendors in this market is the uniformity maintained across all large and small players. This allows players to come up with new designs and colors. The Browning Pro Series has been designed specifically for home use. The safe comes in five colour varients such as black cherry to titanium metallic. In addition to color, manufacturers are offering safes with two drawer or four drawer options to suit the customer needs. To increase the level of personalization through technology, vendors offers the guest mode options. Also to enhance the level of security, manufacturers are introducing safes with retina scanner. This offers better safety option to the buyer.
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