Safes and safe deposit lockers market in Germany

Earlier Report Observations

The German market for safes and safe deposit lockers was valued at 158.1 million USD in 2018, supported by a broader expansion of the security market and government-backed building renovation programs that stimulated demand for secure doors and safes. Digitalization of locking technologies further encouraged equipment modernization. After a slight contraction to 151.1 million USD in 2019, the market rebounded to 156.9 million USD in 2020 as the COVID-19 pandemic increased focus on hygiene and safety, boosting demand for contactless access solutions.

Growth accelerated to 178.2 million USD in 2021, fueled by ongoing digitalization and network integration in security systems, alongside cost-optimized manufacturing processes including production in low-wage countries. In 2022, demand shifted towards safes with higher certified security classes and digital or biometric locks, sustaining the market at 180.5 million USD. However, a sharp downturn in new construction activity led to a significant market decline to 146.5 million USD in 2023, reducing demand for security doors and safes, despite the introduction of new product segments like fire-resistant and waterproof safes to address specific customer needs.

The market recovered to 165.8 million USD in 2024, driven by technological innovations such as improved biometric and digital access systems, compact and wall-mounted designs for home safes, and the continued preference for contactless security solutions.

Production safes and safe deposit lockers in Germany

In value, 2017-2020, M $ US

Germany's production of safes and safe deposit lockers declined for the second year in a row. In 2019, output was valued at 101.4 million US dollars, but by 2020 it had dropped to 98.3 million US dollars, a decrease of 3.1%. Over the period from 2017 to 2020, production fell by 15.6%, which translates to an average annual decline of 5.5%. The highest production value was recorded in 2018 at 119.0 million US dollars, with a modest increase of 2.1% that year. However, the largest decline occurred in 2019, when production plummeted by 14.7%.

Annual dynamics of production in Germany in value, 2017-2020, M $ US

Exports safes and safe deposit lockers from Germany

Exports in kind, t

Germany's exports of safes and safe deposit lockers in physical terms declined for the third consecutive year. In 2020, the country exported 8 155 tonnes, marking a slight reduction of 3.4% compared to the previous year. From 2017 to 2020, exports decreased by 30.6%, with a compound annual growth rate of -11.5%.

Annual dynamics of product's exports from Germany in kind, 2017-2020, t

Between 2017 and 2020, France, the Netherlands, and India were key buyers of German safes and safe deposit lockers in physical terms, accounting for 15.6%, 13.9%, and 11.3% of exports, respectively. However, their combined share reached only 40.7% of total exports, with the remaining 59.3% distributed among numerous other trading partners.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, M $ US

Germany's exports of safes and safe deposit lockers in value terms declined for the second year in a row. In 2020, exports totaled 52.7 million US dollars, showing a significant drop of 11.2% year-over-year. From 2017 to 2020, exports fell by 22%, equivalent to an average annual decline of 7.9%. The peak export value was recorded in 2018 at 70.7 million US dollars, with an increase of 4.8% that year. The largest decline occurred in 2019, when exports decreased by 16.1%.

Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US

From 2017 to 2020, the structure of Germany's exports in value terms was relatively balanced rather than concentrated. The Netherlands, France, and Switzerland were the top partners, representing 13.5%, 12.6%, and 11.6% of exports, respectively. Together, they accounted for 37.7% of total export flows, while many other countries made up the remaining 62.3%.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports safes and safe deposit lockers to Germany

Imports in kind, t

Germany's imports of safes and safe deposit lockers in physical terms increased for the second consecutive year. In 2020, imports reached 39 656 tonnes, up by 3.2% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 2.4%, which corresponds to an average annual decline of 0.8%. The lowest import volume was recorded in 2018 at 36 357 tonnes, with a decline of 10.6% that year. The largest increase occurred in 2019, when imports rose by 5.7%.

Annual dynamics of product's imports to Germany in kind, 2017-2020, t

Throughout 2017 to 2020, China, Poland, and Czechia were the main sources for Germany's imports of safes and safe deposit lockers in physical terms. China accounted for 37.7% of imports, Poland for 16.3%, and Czechia for 14.1%. Together, these three countries represented 68.1% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, M $ US

In 2020, Germany's imports of safes and safe deposit lockers in value terms amounted to 111.2 million US dollars, reflecting a gain of 2.1% over the previous year. From 2017 to 2020, imports increased by 2.5%, equivalent to an average annual growth rate of 0.8%. The largest decline during this period was recorded in 2019, when imports fell by 0.8%.

Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US

Between 2017 and 2020, China, Poland, and Czechia were the principal sources for Germany's imports of safes and safe deposit lockers in value terms. China represented 36.5% of imports, Poland 18.1%, and Czechia 11.5%. Collectively, these three countries accounted for 66.2% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020