Security

Safes, vaults market to reach $13.8B

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March 22, 2023

The safes and vaults market will grow from $7.9 billion in 2022 to $13.8 billion by 2030, according to research from ReportLinker. It will grow at a compound annual growth rate of 7.3% during the forecasted period, according to a press release.

Safes will grow by 8.3% CAGR to reach $9.5 billion by 2030 while vaults will have a 5.3% CAGR.

China in particular will see large growth during the forecasted period with a CAGR of 12.5% and a market size of $3.4 billion.