The European market for armoured or reinforced safes and similar products primarily sees Italy leading with a 36.5% share, followed by Germany and France with 13.43% and 12.93% respectively. In 2023, variations displayed notable growth in Poland at 6.98% and significant declines in Slovakia, Finland, and the UK with -21.84%, -15.06%, and -47.96% respectively. While some markets remain stable, others, like Romania and Croatia, demonstrated remarkable increases, hinting at growing demand or enhanced production capabilities.
Future trends to monitor include technological advancements in security features which could spur demand across Western European markets. Emerging economies in Eastern Europe, reflecting robust growth, may continue gaining production capabilities, generating competitive pressure on established markets.
Top countries in Sold Production of Armoured or Reinforced Safes, Strong-Boxes and Doors and Safe Deposit Lockers for Strong-Rooms, Cash or Deed Boxes and the Like, of Base Metal Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 36.5 | 2023 | +6.8% | -0.34% | View data |
| 2 | 2 Germany | 13.43 | 2023 | +0.33% | -1.81% | View data |
| 3 | 3 France | 12.93 | 2023 | +5.63% | +2.19% | View data |
| 4 | 4 Poland | 11.61 | 2023 | +2.82% | +6.98% | View data |
| 5 | 5 Spain | 8.57 | 2023 | +10.34% | +2.76% | View data |
| 6 | 6 Czechia | 4.93 | 2023 | |||
| 7 | 7 Portugal | 3.5 | 2023 | +24.97% | +0.43% | View data |
| 8 | 8 Slovakia | 3.39 | 2023 | -10.43% | -21.84% | View data |
| 9 | 9 Bulgaria | 2.07 | 2023 | +3.18% | +1.26% | View data |
| 10 | 10 Serbia | 0.68 | 2023 | +6.91% | +4.22% | View data |
