Bank / Credit Union

Report: Safes, vaults market to grow by $1.79B

August 30, 2022

The safes and vaults market is expected to grow by $1.79 billion from 2021 to 2026, according to a press release from Technavio. However, the market will decelerate at a compound annual growth rate of 6.5% during that period.

The healthcare industry is driving demand in the market for storing prescription drugs, however the increase in cashless transactions is hurting the market's growth.

In total, 36% of the market's growth will originate from the Asia-Pacific region.