Global Safety Cabinets Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Safety Cabinets Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Safety Cabinets are boxes and cabinets designed for the safe storage of hazardous materials. Hazardous materials can include flammable chemicals, corrosive chemicals, infectious biological materials, and more.

Market Overview:

The latest research study on the global Safety Cabinets market finds that the global Safety Cabinets market reached a value of USD 903.18 million in 2022. It’s expected that the market will achieve USD 1322.58 million by 2028, exhibiting a CAGR of 6.56% during the forecast period.

Industry Trends

The development trend of smart products
With the continuous development of smart technology, chips, logistics network and other technologies, the application of smart technology in various industries is becoming more and more extensive. At present, with the continuous development of intelligent technology, intelligent Safety Cabinets is also one of the development trends of the industry. For example, in the application of chemicals, Safety Cabinets can bind reagent information with RFID tags, accurately locate the floor through radio frequency signals and automatically identify the status of reagents entering and leaving the warehouse, forming a complete database of reagent receiving information to achieve unattended and accurate management. In addition, the intelligent Safety Cabinets can ensure the safety of use through a variety of authentication measures, standardize the use process, and realize the automation of ledger records, real-time dynamic query, precise measurement of reagents, and early warning reminders for violations of laboratory hazardous chemicals. These can bring convenient operation experience to laboratory users, reduce the workload of managers, and reduce the risk of laboratory safety control. For biohazard management, Safety Cabinets can use intelligent programming and sensor technology to identify exhaust system failures. In general, with the continuous development of the industry market and technological progress, intelligent products will be one of the trends in the development of the industry.

Market Challenges

Brand Barriers Safety Cabinets are mainly cabinets used to store flammable chemicals, corrosive chemicals, infectious biological materials and other materials. Due to the particularity of storage materials, the market has high requirements for the quality of Safety Cabinets. Therefore, for the downstream industry market, downstream customers such as laboratories and pharmaceutical companies will prefer big brand companies when choosing Safety Cabinets. After years of precipitation and long-term accumulation, the big brand companies in the Safety Cabinets market have established a strict product quality control system and a strong product research and development system. In the process of continuous promotion of products and brands, the company finally won the recognition of Safety Cabinets from downstream customers. Once the corporate brand image is established, it will be stickier to consumers, and downstream customers will habitually choose products of well-known brands. Therefore, if new entrants and small and medium-sized enterprises want to build well-known brands in a short period of time, they need a lot of publicity expenses and long-term technology accumulation. Therefore, brand barriers are one of the challenges faced by new entrants and SMEs in the industry.

Region Overview:

In 2021, the share of the Safety Cabinets market in North America stood at 38.33%.

Company Overview

Justrite
Founded in 1906, Justrite is a leading manufacturer of storage, handling and workplace safety products. The company's flagship product is the Justrite Safety Tank, a safety tank for the storage and transfer of flammable liquids. Justrite is a global leader in the manufacture of safety tanks, safety cabinets, outdoor safety storage, spill containers, cylinder storage equipment, and a range of custom industrial safety solutions. In 2018, the company acquired Eagle Manufacturing Company.
DENIOS
DENIOS offers the best selection of hazardous waste storage, flammable storage and chemical storage products to protect the environment and provide workplace storage safety. The company designs and manufactures a full line of chemical storage, handling and containment products. The company offers custom engineered storage solutions for specific applications as well as innovative standard storage and containment products for any business that handles, stores or processes hazardous chemicals.

Justrite is one of the major players operating in the Safety Cabinets market, holding a share of 12.79% in 2022.

Segmentation Overview:

Safety Storage
Cabinets Safety Storage Cabinets are mainly used for safe storage of products such as flammable liquids and corrosive liquids in gas cylinders.
Biological Safety Cabinets
Biological Safety Cabinets are a kind of biological protection equipment for personnel, environment and product protection in places such as biological safety laboratories.

By type, Safety Storage Cabinets segment accounted for the largest share of market in 2021.

Application Overview:

According to different application fields of products, it is divided into Construction Sector, Manufacturing Sector, Laboratories, Healthcare, etc. For example, in biological laboratories, Healthcare, products provide biosafety protection for people in the field. In the fields of Construction Sector and Manufacturing Sector, products provide safe storage solutions for dangerous substances such as flammable liquids in these fields.

The market's largest segment by application is the segment Laboratories with a market share of 55.79% in 2021.

Key Companies in the global Safety Cabinets market covered in Chapter 3:

ECOSAFE
Stanley Black & Decker
asecos GmbH
Securall
Esco Lifesciences
DENIOS
Justrite
Durham Manufacturing
Azbil Telstar
Cintas
Thermo Fisher Scientific
Jamco Products
Köttermann
NuAire
Kewaunee Scientific

In Chapter 4 and Chapter 14.2, on the basis of types, the Safety Cabinets market from 2018 to 2029 is primarily split into:

Safety Storage Cabinets
Biological Safety Cabinets

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Safety Cabinets market from 2018 to 2029 covers:

Construction Sector
Manufacturing Sector
Laboratories
Healthcare
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)