Procurement Market Intelligence Report
Safes
Sourcing Guide & Market Intelligence
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Safes Global Overview
Definition
Summary
This report is intended to assist buyers of safes. Safes are made from a variety of materials, including metals, wood and plastics. This report focuses on commercial metal safes, although safes range from plastic fire-protection capsules with less than a cubic foot of capacity to steel capsules with a capacity of 15-cubic feet or more.
This Report Includes:
- Commercial Metal Safes
- Plastic Fire-Protection Capsules
- Steel Capsules
Not in this Report:
- Security Lock Accessories (i.e. padlocks, cable locks, keys, security bars, time locks)
- Vault Rooms
- Safe Rooms
- Cabinets
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Global Safes Procurement Trends
Discover the top international trends affecting procurement in the global Safes market.
Warning Trends
Elevated Tariffs are increasing prices for law enforcement, security, and safety equipment
- The Trump administration’s reciprocal tariffs, which place broad tariffs on all imports from most US trade partners, are set to take effect on August 7 after the tariff rates were finalized on August 1.
- As a result, all foreign suppliers in law enforcement, security, and safety equipment will face significantly increased costs when selling products to US buyers, and domestic manufacturers of these goods will face higher costs when sourcing key inputs for these products.
- Countries such as China, Germany, Mexico, Thailand, and Vietnam are leading sources of imports in this sector, providing high quantities of goods such as safes, locks, security cameras, security systems, and personal protective equipment. Starting August 7, imports from China, Germany, Mexico, Thailand, and Vietnam will be subject to tariff rates of 54.0%, 15.0%, 25.0%, 20.0%, and 19.0% respectively.
- Elevated tariffs are likely to impact pricing and supply chains in this industry due to the United States’ reliance on imported manufactured goods, which gives foreign suppliers the leverage to pass through the costs of tariffs to buyers and domestic suppliers the leverage to raise prices.
- Consequently, the Yale Budget Lab projects a 39.2% average increase in metal product prices, impacting products such as security gates and safes. Electronic security devices, such as cameras or metal detectors, are projected to rise by 18.7% in price. In the personal protective equipment market, prices are forecast to rise by between 11.0% and 37.5%, depending on the type of equipment and materials used to make it.
United States announces new tariffs on all imported steel
- In February 2025, the United States announced 25.0% tariffs on all imported steel with no exemptions or exceptions. The tariffs took effect on March 12, 2025. On June 4th, these tariffs were increased further to 50%. These tariffs were not impacted by a recent court decision that temporarily suspended duties on certain goods as they were implemented under Section 232 of the Trade Expansion Act.
- Previously, countries such as Canada, Mexico, and Brazil, the top exporters of steel to the United States, had exemptions from tariffs. These have now been removed and all imported steel, regardless of origin, will be subject to the 50.0% tariff. However, on May 8th, the US announced an agreement with the United Kingdom to remove all levies on steel exported from the UK.
- When tariffs on steel imports were introduced in March 2018, they contributed to an increase in the price of steel and steel products. According to the Bureau of Labor Statistics, the price of steel-milled products increased by 10.2% in the year after the tariffs were implemented. This market heavily relies on steel as an input and may be impacted by this policy.
Global Safes Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 Europe | 37,025 |
| #2 China | 29,020 |
| #3 India | 21,050 |
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Geography Drilldown - US
Average Cost of Safes
United States
2026 Market Pricing$80.00 to $XX,XXX.XX
per safeAverage Price
Prices in the Safes market range from $80.00 to $XX,XXX.XX, depending on Capacity, Fire Rating, Burglary Rating and Opening Mechanism. For example, lower prices are associated with 0-100 liters, whereas higher prices are associated with >100 liters.
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Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Safes Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Safes market, prices in the US have grown 3.6% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
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Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Safes
Total cost of ownership is Low in the Safes market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs.
Negotiated Before
Transportation
Installation
Billed During
Maintenance
Additional Fees
Insurance
Training
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -2.0 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Market Share Concentration. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Medium, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Iron & Steel Manufacturers
- Cement Manufacturers
- Paint Wholesalers
2nd
Tier Suppliers
- Iron Ore Miners
- Mineral & Phosphate Miners
- Paint Manufacturers
Biggest Safes Suppliers in the US by Revenue
The largest Safes vendors by revenue in the US are Liberty Safe and Security Products Inc., FireKing Security Group and Mesa Safe Company, Inc. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Sentry Group | International | Oak Creek, WI | 1,001-10,000 | |||||
| Liberty Safe and Security Products Inc. | National | Payson, PA | 251-500 | 15-20 | ||||
| Diebold Nixdorf, Incorporated | Global | NORTH CANTON, OH | >10,000 | 5-10 | ||||
| Gunnebo Aktiebolag | Global | Gothenburg, SE | 1,001-10,000 | 5-10 | ||||
| Honeywell International Inc. | Global | CHARLOTTE | >10,000 | < 5 | ||||
| Newell Brands Inc. | Global | ATLANTA, NJ | >10,000 | < 5 | ||||
| Fortune Brands Home & Security, Inc. | International | DEERFIELD | >10,000 | < 5 | ||||
| FireKing Security Group | National | New Albany, IN | 251-500 | < 5 | ||||
| Mesa Safe Company, Inc. | National | Orange, CA | 25-50 | < 5 | ||||
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Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Safes market is 6.5% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Purchases. The cost trend for this component is stagnating, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Buyers benefit from a low level of risk from the average vendor due to stable demand and consistent revenue performance.
Low market share concentration strengthens buyer power because suppliers are restrained in how much they can increase prices on a yearly basis in order to remain attractive to buyers.
There is a moderate level of supply chain risk for safes. Rising steel prices due to the tariffs have forced some suppliers to either accept price increases or adjust their supply chains to source from an exempt country, if they choose to continue to import.
The United States is a net importer of safes, meaning it imports more safes than it exports. While lower manufacturing costs abroad drive down prices for imported safes, relying on imports can lead to potential shortages or price increases if there are supply chain disruptions due to geopolitical tensions, trade disputes, or global crises.
Supplier Information
Sentry Group
Sentry Group is a private company operating internationally in the manufacturing sector. The company's offerings include safes. Founded in 1921, the company is currently headquartered in Oak Creek, Wisconsin, United States of America with an estimated 1200 employees. Subscribe to learn more
Liberty Safe and Security Products Inc.
Liberty Safe and Security Products Inc. is a private company operating nationally in the manufacturing sector. The company's offerings include safes. Founded in 1988, the company is currently headquartered in Payson, Pennsylvania, United States of America with an estimated 350 employees. Subscribe to learn more
Diebold Nixdorf, Incorporated
Diebold Nixdorf, Incorporated is a public company operating globally in the manufacturing sector. The company's offerings include safes and ticket dispensing machines. Founded in 1859, the company is currently headquartered in NORTH CANTON, Ohio, United States of America with an estimated 22000 employees.... Subscribe to learn more
Gunnebo Aktiebolag
Gunnebo Aktiebolag is a private company operating globally in the manufacturing sector. The company's offerings include safes. Founded in 1889, the company is currently headquartered in Gothenburg, Sweden with an estimated 5500 employees. Subscribe to learn more
American Security Products Company
American Security Products Company is a private company operating globally in the manufacturing sector. The company's offerings include safes. Founded in 1946, the company is currently headquartered in Fontana, California, United States of America with an estimated 175 employees. Subscribe to learn more
FireKing Security Group
FireKing Security Group is a private company operating nationally in the manufacturing sector. The company's offerings include safes. Founded in 1951, the company is currently headquartered in New Albany, Indiana, United States of America with an estimated 375 employees. Subscribe to learn more
Fortune Brands Home & Security, Inc.
Fortune Brands Home & Security, Inc. is a public company operating internationally in the manufacturing sector. The company's offerings include locks & security hardware and safes. Founded in 1988, the company is currently headquartered in DEERFIELD, Illinois, United States of America with an estimated 11200... Subscribe to learn more
Honeywell International Inc.
Honeywell International Inc. is a global technology and manufacturing company that designs, develops, produces, and markets consumer and industrial products. It organizes its business into four reportable business segments: the Aerospace segment, which supplies products, software, and services for aircraft;... Subscribe to learn more
Mesa Safe Company, Inc.
Mesa Safe Company, Inc. is a private company operating nationally in the manufacturing sector. The company's offerings include safes. Founded in 1981, the company is currently headquartered in Orange, California, United States of America with an estimated 37 employees. Subscribe to learn more
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Procurement Management KPIs for the Safes Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Average Order Value and Defect Density. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Warranty and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Average Order Value |
|
Total revenue Number of orders |
The average order value represents the revenue generated from the average order. The average order value can be used to assess a company’s ability to provide a safe of the desirable size. |
| Defect Density |
|
Number of Defective Units Number of Units |
The defect density illustrates the percentage of defective products a company produces. Defect density can help identify weak suppliers during the selection process. |
|
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Supply Chain Risk
How does an increase in raw material prices affect your business and me as a buyer?
How would you deal with cost changes for manufacturing machinery?
Logistics
What steps do you take to ensure deliveries arrive on time?
How do you transport the product?
Experience and Expertise
How long have you been in the business of manufacturing, wholesaling or retailing safes?
Is your firm insured or bonded?
The ultimate prep for procurement negotations
View all 26 negotiation questions for this category when you subscribe.
Safes RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should describe their business' organizational structure.
Buyers should provide their delivery address, if applicable.
Statement Of Need
Buyers should describe the space that the safe will occupy.
Buyers should inform suppliers of the fire rating they desire.
Project Budget
Buyers should give a price range for how much they intend to spend on the award.
Buyers should specify whether the quoted price should include any ancillary services such as delivery or haul away of an old safe.
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Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
