Valuables Custody Service Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

What combination of drivers is leading to accelerated growth in the valuables custody service market?
The growth of the market for valuable custody services is predicted to be driven by the escalating rates of crimes and thefts. These unlawful activities typically involve violation of legal norms through pilfering of properties or enactment of activities that create damage or harm to individuals or society. Social inequalities, increasing unemployment, and proliferating poverty have been contributing to this rise in crime and theft. The custody services for valuables assist in mitigating these risks by offering expert risk management, fortified security measures, and centralized storage making it incredibly challenging for criminals to pilfer high-value possessions. For instance, the Council on Criminal Justice (CCJ), a non-profit organization based in the U.S., indicated in January 2024 that there was an increase of 105% in the average motor vehicle theft rate across 34 American cities in 2023, as compared to 2019. A growth of 29% in thefts was observed in 2023 as compared to 2022. Consequently, the surging crime and theft instances are fueling the expansion of the valuable custody service market.

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What is the projected compound annual growth rate (CAGR) of the valuables custody service market from 2025 to 2034, and what factors influence it?
The market size for valuables custody services has seen significant growth in the past few years. Expected to rise from $24.39 billion in 2024 to $26.4 billion in 2025, this market is predicted to experience a compound annual growth rate (CAGR) of 8.2%. The historic period's growth can be traced back to rising worries over theft and loss, an increased demand for secure storage solutions, a surge in wealthy individuals, tougher regulatory requirements, and enhanced urbanization resulting in a concentration of valuable assets in smaller areas.

In the coming years, the market size of valuables custody service is predicted to experience significant growth, accelerating to $35.79 billion in 2029 with a 7.9% compound annual growth rate (CAGR). The growth forecast is influenced by factors such as increased investment in collectibles and rare assets, heightened asset protection awareness among wealthy individuals, a surge in luxury and high-value consumer goods, the emergence of security risks and threats, as well as regulatory progress favoring rigorous asset protection standards. Key trends for this growth period involve improvements in biometric security systems, the utilization of AI for inventory control, the engagement of digital vault services, the incorporation of blockchain technology for asset monitoring, progress in smart vaults allowing real-time surveillance, amplified customer personalization through data analytics, and the adoption of environmentally-friendly storage solutions.

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How are the latest trends influencing the growth of the valuables custody service market?
Prominent companies within the valuables custody service market are advancing digital asset custody insurance facilities to fortify the safeguarding and protection of digital assets. These facilities denote insurance schemes and coverage plans tailored specifically for the security of digital assets. For instance, Lockton, a risk management and insurance brokerage firm based in the US, debuted an unmatched custody insurance facility in October 2022. The LEAP team at Lockton offers exclusive coverage backed by Lloyd's syndicates and preeminent insurers, proffering over $850 million in coverage. This facility provides protection for securely held private keys, inclusive of those in multi-party computation (MPC) solutions, and amplifies risk reduction for digital asset custodians and technology suppliers.

What are the major segments of the valuables custody service market and their role in driving growth?
The valuables custody service market covered in this report is segmented -

1) By Type: Property Contract, Will, Document, Other Types
2) By Services: Core Custody Services, Ancillary Services, Core Depository Services, Other Administrative Services
3) By Application: Enterprise Application, Personal Application, Other Applications

Subsegments:
1) By Property Contract: Real Estate Contracts, Lease Agreements, Business Contracts, Intellectual Property Agreements
2) By Will: Last Will and Testament, Living Will, Joint Wills, Holographic Wills
3) By Document: Legal Documents, Financial Documents, Personal Identification Documents, Medical Records
4) By Other Types: Trust Documents, Power of Attorney Documents, Insurance Policies, Sensitive Personal Items

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Which regions are key players in the growth of the valuables custody service market?
North America was the largest region in the valuables custody service market in 2024. The regions covered in the valuables custody service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the valuables custody service market?
Major companies operating in the valuables custody service market are JPMorgan Chase & Co., Citigroup Inc., HSBC Holdings plc, Swiss National Bank, Deutsche Bank AG, Standard Chartered PLC, Commonwealth Bank of Australia, G4S plc, The Bank of New York Mellon Corporation, DBS Bank Limited, Lloyds Bank plc, Axis Bank Limited, Northern Trust Corporation, The IDBI Bank Limited, Metro Bank PLC, Centenary Rural Development Bank Limited, Gemini Trust Company LLC, Nexo, Fireblocks LLC, Bank of Saint Lucia Ltd., Kefron, Xapo Bank, GK8, Fidelity Digital Assets, The Safe Deposit Company

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What Is Covered In The Valuables Custody Service Global Market Report?

•Market Size Forecast: Examine the valuables custody service market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the valuables custody service market for a structured understanding.
•Key Players Overview: Analyze major players in the valuables custody service market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the valuables custody service market.
•Segment Contributions: Evaluate how different segments drive overall growth in the valuables custody service market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the valuables custody service market.
•Industry Challenges: Identify potential risks and obstacles affecting the valuables custody service market.
•Competitive Landscape: Review strategic developments in the valuables custody service market, including expansions, agreements, and new product launches.

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