The global Self-Defense Products Market size is expected to register a revenue of USD 3.6 billion by the end of 2025, according to a new report by Million Insights. It is expected to grow with a CAGR of 5.9% from 2019 to 2025. This growth can be attributed toincreasing number of accidents and crimes owing to social unrest prevailing in certain class of society coupled with rising popularity of recreational activities like hunting and camping.
Majority of the manufacturers have started producing large number of safety products that have compact sizes and multiple uses. For example, Gerber Knife is an automatic stainless steel knife specially designed with a release button. Such knives are becoming popular among hunters across the globe owing to its self-defense feature thereby driving the market growth in the upcoming years.
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The folding knives product segment held the largest market share of 71.2% across the global market. This can be attributed to the modifications being conducted on such knives in terms of design, features, raw materials, applications, and structures. The pepper spray segment is expected to register a CAGR of 5.7% from 2019 to 2025 due to its ease of usage among women for self-protection.
The sporting goods stores segment of distribution channel held the largest share of around 55.0% in the global market. On the other hand, the online distribution channel segment is expected to witness the highest CAGR from 2019 to 2025 due to increasing influence of internet coupled with the emergence of e-commerce websites like Amazon, Flipkart, and Alibaba.
North America held the largest share of around 30% across the selfdefense products market owing to the increasing usage of pepper sprays, stun guns and folding knives among the consumers across developed countries like the U.S. and Canada. Asia Pacificis anticipated to witness the highest CAGR of 6.4% from 2019 to 2025 due torising penetration for such products across countries like China and India.
The market for self defense products includes key manufacturers like Unisafe Technologies; Victorinox; Mace Security International, Inc., GERBER GEAR; and Self Defense Weapons. They are focusing on developing multipurpose products that would serve several purposes apart from self defense.
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Further key findings from the report suggest:
• The folding knives product segment held the largest market share of 71.2% in the global self-defense products market in 2018.
• The sporting goods stores segment held the largest share of around 55% across the global market.
• Asia Pacific is anticipated to witness the highest CAGR of 6.4% from 2019 to 2025 across the regional market.
• Key players in this market are Unisafe Technologies; Victorinox; Mace Security International, Inc., and GERBER GEAR.
Million Insights has segmented the global self-defense products marketon the basis of product, distribution channel and region:
Self-defense Products Product Outlook (Revenue, USD Million, 2015 – 2025)
• Pepper Sprays
• Folding Knives
• Tactical Gloves
• Stun Guns
Self-defense Products Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
• Retail Outlets
• Sporting Goods Stores
Self-defense Products Regional Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa
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