US Gun Safe Market Research Report Information Forecast to 2032 By Type (Handgun Safes, Rifle Safes, Welded Safe, Wall Safes, Cabinet Safe and Floor Safes), By Locking Mechanism (Electronic Lock Safes, Mechanical Dial Lock Safes, Biometric Lock Safes and Key Lock Safes), By Application (Residential, Commercial, Law Enforcement and Military)
Driven by several causes including worries about the safety of firearms, the need to prevent unwanted access to firearms, and the requirement to adhere to numerous state and federal rules, the gun safe business in the United States is an essential part of the larger home security sector. With increased gun ownership rates, increased public awareness of gun safety concerns, and changing consumer preferences for secure storage options, the US gun safe market is expected to continue growing steadily through 2023.
The growing emphasis on firearm safety and responsible gun ownership is one of the main factors propelling the US gun safe market's expansion. Gun safes and other secure storage solutions are becoming increasingly important as firearm-related mishaps and events continue to be a major issue, particularly in homes with young children or inexperienced individuals. As a result, people are looking for strong, dependable safes to protect their guns against theft, unauthorized entry, and abuse.
The dynamics of the US gun safe market are also being significantly impacted by the legislative environment around the accessibility and storage of firearms. There is an increased awareness among customers of their compliance obligations due to the implementation of strict laws and regulations by many jurisdictions regarding the safe storage of firearms. These policies require gun owners to keep their weapons in certified safes or lockboxes. As a result, there is an increasing market for compliant, high-quality gun safes that either meet or surpass legal requirements, offering retailers and manufacturers significant growth and expansion prospects.
At a compound annual growth rate (CAGR) of 5.32%, the US gun safe market is projected to grow from its 2022 valuation of USD 1,455.95 million to USD 2,437.06 million by 2032.
Market SegmentationHandgun, rifle, welded, wall, cabinet, and floor safes are the different categories into which the US gun safe industry has been divided. The purpose of handgun safes is to keep small weaponry, such as handguns, safe.
The US gun safe market has been divided into four categories: biometric lock safes, mechanical dial lock safes, electronic lock safes, and key lock safes based on locking mechanism.
The US gun safe industry has been divided into four segments: law enforcement, military, commercial, and residential, based on the application. Gun safes for residential use are mostly made for individual use in homes.
Important PlayersAmerican Security, Browning, Fort Knox, Harbor Freight, Liberty Safe, Rhino Metals, Inc., Sports Afield, Tractor Supply, and Granite Security Products, Inc. are the main market participants.