Product Code: PM3791
The global gun safe market size is expected to reach USD 5,967.28 million by 2032, according to a new study by Polaris market research. The report "Gun Safe Market Share, Size, Trends, Industry Analysis Report, By Product Type (Fingerprint Safes, Electronic Password Safes, Mechanical Password Safes, and Others); By Capacity; By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The significantly growing concerns associated with the safety of several types of physical assets, exponential growth in perceived threat levels, and rapid development of commercial and retain banks, along with the increase in the global population participating in shooting sports events, are major prominent factors fueling the demand and growth of the market. Additionally, various firearm manufacturers worldwide are focusing on developing and promoting advanced safety features in their products, including trigger safeties, integrated locks, and chamber indicators to prevent accidental discharges and improve overall firearm safety, thereby propelling the global market demand and growth.
For instance, in April 2023, it introduced world's first smart gun integrated with a fingerprint unlocking system and Biofire technologies. The newly designed gun for home defense, enable the firearm owners to effectively defend themselves, while preventing the unauthorized access and misuse of the weapon.
The significant rise in concealed carry permits and the increasing popularity of concealed carry firearms in the last few years, offering lucrative revenue opportunities for businesses, and the rising prevalence of developing compact and easily concealable firearms along with comfortable and effective carrying solutions, is likely to have a positive impact on global market demand and growth in the near future.
Furthermore, some of the major safety gun manufacturers worldwide, are focusing on offering digital connectivity options, allowing Gun Safe to connect to mobile applications or tracking systems, and these technologies further provide features such as round counting, shot analytics, maintenance reminders, and location tracking for convenience and security, thereby enhancing the product demand at exponential pace.
Gun Safe Market Report Highlights
Fingerprint safes segment accounted for largest market share in 2022, mainly driven by its advantageous characteristics including higher level of security and better safety mechanisms
Medium segment held the maximum market share in terms of revenue in 2022, due to its widespread use in various purpose or applications like concealed carry, personal defense, and others
Personal safety segment is projected to grow at healthy CAGR over the anticipated period, on account of increasing number of individuals seeking for enhanced personal safety measures globally
North America region dominated the market with substantial share in 2022, owing to rising rates of crimes ad rapid adoption of technological advancements including biometric features and smart gun technology
The global key market players include: Homak Manufacturing, Gardall Safe Corporation, Viking Security, Superior Safe Company, Smith & Wesson, Remington Arms Company, and Canon Safe
Polaris market research has segmented the Gun Safe market report based on product type, capacity, application, and region:
Gun Safe, Product Type Outlook (Revenue - USD Million, 2019 - 2032)
- Fingerprint Safes
- Electronic Password Safes
- Mechanical Password Safes
- Others
Gun Safe, Capacity Outlook (Revenue - USD Million, 2019 - 2032)
- Small
- Medium
- Large
- Extra Large
Gun Safe, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Law Enforcement
- Military & Defense
- Personal Use
- Shooting Range
Gun Safe, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Gun Safe Market Insights
- 4.1. Gun Safe Market - Application Snapshot
- 4.2. Gun Safe Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising interest of consumer for personal protection
- 4.2.1.2. Surging popularity of shooting sports
- 4.2.2. Restraints and Challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Gun Safe Market Application Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Gun Safe Market, by Product Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 5.3. Fingerprint Safes
- 5.3.1. Global Gun Safe Market, by Fingerprint Safes, by Region, 2019-2032 (USD Million)
- 5.4. Electronic Password Safes
- 5.4.1. Global Gun Safe Market, by Electronic Password Safes, by Region, 2019-2032 (USD Million)
- 5.5. Mechanical Password Safes
- 5.5.1. Global Gun Safe Market, by Mechanical Password Safes, by Region, 2019-2032 (USD Million)
- 5.6. Others
- 5.6.1. Global Gun Safe Market, by Others, by Region, 2019-2032 (USD Million)
6. Global Gun Safe Market, by Capacity
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 6.3. Small
- 6.3.1. Global Gun Safe Market, by Small, by Region, 2019-2032 (USD Million)
- 6.4. Medium
- 6.4.1. Global Gun Safe Market, by Medium, by Region, 2019-2032 (USD Million)
- 6.5. Large
- 6.5.1. Global Gun Safe Market, by Large, by Region, 2019-2032 (USD Million)
- 6.6. Extra Large
- 6.6.1. Global Gun Safe Market, by Extra Large, by Region, 2019-2032 (USD Million)
7. Global Gun Safe Market, by Application
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Gun Safe Market, by Application, 2019-2032 (USD Million)
- 7.3. Law Enforcement
- 7.3.1. Global Gun Safe Market, by Law Enforcement, By Region, 2019-2032 (USD Million)
- 7.4. Military & Defense
- 7.4.1. Global Gun Safe Market, by Military & Defense, By Region, 2019-2032 (USD Million)
- 7.5. Personal Use
- 7.5.1. Global Gun Safe Market, by Personal Use, By Region, 2019-2032 (USD Million)
- 7.6. Shooting Range
- 7.6.1. Global Gun Safe Market, by Shooting Range, By Region, 2019-2032 (USD Million)
8. Global Gun Safe Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Gun Safe Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Gun Safe Market - North America
- 8.3.1. North America: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.3.2. North America: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.3.3. North America: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.3.4. Gun Safe Market - U.S.
- 8.3.4.1. U.S.: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.3.5. Gun Safe Market - Canada
- 8.3.5.1. Canada: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.4. Gun Safe Market - Europe
- 8.4.1. Europe: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.4.2. Europe.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.4.3. Europe: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.4.4. Gun Safe Market - UK
- 8.4.4.1. UK: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.4.4.3. UK: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.4.5. Gun Safe Market - France
- 8.4.5.1. France: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.4.5.2. France.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.4.5.3. France: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.4.6. Gun Safe Market - Germany
- 8.4.6.1. Germany: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.4.7. Gun Safe Market - Italy
- 8.4.7.1. Italy: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.4.8. Gun Safe Market - Spain
- 8.4.8.1. Spain: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.4.9. Gun Safe Market - Netherlands
- 8.4.9.1. Netherlands: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.4.10. Gun Safe Market - Russia
- 8.4.10.1. Russia: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.5. Gun Safe Market - Asia Pacific
- 8.5.1. Asia Pacific: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.5.4. Gun Safe Market - China
- 8.5.4.1. China: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.5.4.2. China.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.5.4.3. China: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.5.5. Gun Safe Market - India
- 8.5.5.1. India: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.5.5.2. India.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.5.5.3. India: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.5.6. Gun Safe Market - Malaysia
- 8.5.6.1. Malaysia: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.5.7. Gun Safe Market - Japan
- 8.5.7.1. Japan: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.5.8. Gun Safe Market - Indonesia
- 8.5.8.1. Indonesia: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.5.9. Gun Safe Market - South Korea
- 8.5.9.1. South Korea: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.6. Gun Safe Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.6.4. Gun Safe Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.6.5. Gun Safe Market - UAE
- 8.6.5.1. UAE: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.6.6. Gun Safe Market - Israel
- 8.6.6.1. Israel: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.6.7. Gun Safe Market - South Africa
- 8.6.7.1. South Africa: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.7. Gun Safe Market - Latin America
- 8.7.1. Latin America: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.7.3. Latin America: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.7.4. Gun Safe Market - Mexico
- 8.7.4.1. Mexico: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.7.5. Gun Safe Market - Brazil
- 8.7.5.1. Brazil: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
- 8.7.6. Gun Safe Market - Argentina
- 8.7.6.1. Argentina: Gun Safe Market, by Product Type, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Gun Safe Market, by Application, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Gun Safe Market, by Capacity, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Beretta Holding S.p.A.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. BSA Guns
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Canon Safe
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Colt's Manufacturing Company
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. FN Herstal
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Gardall Safe Corporation
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Heckler & Koch
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Homak Manufacturing
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Hunt-Pro
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Liberty Safe
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Mossberg
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Remington Arms Company
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Rhino Metals Inc.
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Securelt Safe Company
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Smith & Wesson
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. Sturdy Dun Safe Mfg
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development
- 10.17. Sturm, Ruger & Co.
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Recent Development
- 10.18. Superior Safe Company
- 10.18.1. Company Overview
- 10.18.2. Financial Performance
- 10.18.3. Product Benchmarking
- 10.18.4. Recent Development
- 10.19. Viking Security Safe
- 10.19.1. Company Overview
- 10.19.2. Financial Performance
- 10.19.3. Product Benchmarking
- 10.19.4. Recent Development