Global Home Electronics Safe Market - Analysis, Technologies & Forecasts to 2020 - Security Concerns Among Consumers Driving Growth - Research and Markets

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Research and Markets

10 Oct, 2016, 17:10 GMT

DUBLIN, October 10, 2016 /PRNewswire/ --

Dublin - Research and Markets has announced the addition of the "Global Home Electronics Safe Market 2016-2020" report to their offering.

The report forecasts the global home electronics safe market to grow at a CAGR of 4.92% during the period 2016-2020.

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 variants 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.

According to the report, security concerns among consumers will be a key driver for market growth. With the improvement in living standards and availability of affordable home security systems, consumers from all income segments are investing on home security products. Consumers are making maximum use of digitization to increase the safety of their homes. Vendors can capitalize on this opportunity to introduce new product offerings to attend to the needs of today's customers. According to the Electronic Security Association, the average loss on a home with a home security system, is over $3,200, compared to over $5,300 for a home without any security installed.

Further, the report states that a challenge for the vendors of the global home safes market is their high total cost of ownership and high product useful life.

Key vendors:

  • Assa Abloy
  • American Security Products
  • Diebold
  • Godrej & Boyce
  • Gunnebo
  • Kaba

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/zksts3/global_home

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