ReportsnReports . com adds new research report Global Domestic Safety Locker Market 2017-2021 . This report covers the present scenario and the growth prospects of the global domestic safety locker market for 2017-2021 . To calculate the market size , This report covers the present scenario and the growth prospects of the global domestic safety locker market for the period 2017-2021 .
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The following companies are the key players in the global domestic safety locker market : AMSEC , Godrej & Boyce , and Gunnebo Group . Other prominent vendors in the market are : Access Security Products , Ample Electro-Mechanic , BordognaGroup , Brown Safe Manufacturing , Bumil Safe , Cannon Safe , CISA , and FireKing Security Group
Global Domestic Safety Locker Market 2017-2021 , 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 .
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One trend in the market is the growth potential in underpenetrated markets . The penetration of domestic safety lockers in developed regions such as North America and Western Europe was 90 % and 80 %, respectively , in 2015 . This means that 90 % of all residential end-users in North America use safety lockers , while in Western Europe , it was estimated at 80 %. Comparatively , the penetration of these products is low in developing regions .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry . The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors .
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One driver in the market is the growth of home improvement market . The global home improvement market includes maintenance , repair , and remodeling projects undertaken by residential consumers . The growth of the home improvement market has contributed to the replacement of mechanical lockers in various parts of the house with more secure and specialized safety lockers . For instance , most bedroom furniture include electronic safety lockers for securing valuables .
Further , the report states that one challenge in the market is the high testing and inspection costs . The raw materials for safety lockers are tested to meet the required specification during the manufacturing process . The raw materials or components used in safety lockers are required to be soldered and shaped , which requires testing to meet the desired performance . Mechanical and electronic sub-assemblies are carried out as per the design specifications of safety locker systems . Tested circuit boards are fitted to the front or back of the safety locker connected with proper electric wiring . An authorized representative is required to inspect the safety locker at various stages of the manufacturing process .
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