US Gun Safe Market Research Report Information By Type, By Locking Mechanism, By Application Forecast to 2032

Description

List of Tables

US Gun Safe Market Research Report Information 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) Forecast to 2032

Market Overview

The gun safe market in the United States is a critical segment of the broader home security industry, driven by a variety of factors, such as the wish to prevent unauthorized access to firearms, concerns regarding firearm safety, and the necessity of adhering to federal and state regulations. The US gun safe market has maintained a consistent growth rate as of 2023, driven by the increasing prevalence of firearm ownership, the increased awareness of gun safety concerns, and the changing preferences of consumers for secure storage facilities.

The growing emphasis on responsible gun ownership and firearm safety is one of the primary factors contributing to the expansion of the US gun safe market. The significance of secure storage options, such as gun safes, is increasingly acknowledged, particularly in residences with children or inexperienced individuals, as firearm-related accidents and incidents continue to be a significant concern. As a result, consumers are actively in search of safes that are both reliable and durable to protect their firearms from unauthorized access, larceny, and misuse.

Additionally, the dynamics of the US gun safe market are being significantly impacted by the regulatory landscape surrounding firearm storage and accessibility. As a result of the implementation of stringent laws and regulations in numerous states that mandate the safe storage of firearms, including the mandatory requirement for gun owners to secure their weapons in certified safes or lockboxes, there is a greater awareness of compliance obligations among consumers. The demand for high-quality, compliant gun safes that meet or exceed regulatory standards is on the rise, which presents manufacturers and retailers with lucrative opportunities for growth and expansion. Consequently,

The US gun safe market was valued at USD 1,455.95 million in 2022 and is anticipated to reach USD 2,437.06 million by 2032, representing a compound annual growth rate (CAGR) of 5.32% over the forecast period.

Market Segmentation

The US gun safe market has been segmented into handgun safes, rifle safes, welded safes, wall safes, cabinet safes, and floor safes based on their category. Handgun safes are specifically engineered to safeguard handguns and other small firearms.

According to the locking mechanism, the gun safe market in the United States has been divided into four categories: electronic lock safes, mechanical dial lock safes, biometric lock safes, and key lock safes.

The US gun safe market has been divided into four categories: residential, commercial, law enforcement, and military, as determined by the application. Residential gun safes are predominantly intended for personal use within households.

Major Players

American Security, Browning, Fort Knox, Harbor Freight, Liberty Safe, Rhino Metals, Inc, Sports Afield, Tractor Supply, and Granite Security Products, Inc. are the primary market players.

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 Data Mining Process
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 Secondary Research data flow:
3.5 PRIMARY RESEARCH:
- 3.5.1 Primary Research DATA FLOW:
- 3.5.2 Primary Research: Number of Interviews conducted
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 Revenue Analysis Approach
3.7 DATA FORECASTING
- 3.7.1 Data forecasting Type
3.8 DATA MODELING
- 3.8.1 microeconomic factor analysis:
- 3.8.2 Data modeling:

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 Increasing firearm ownership rates drive gun safe demand
- 4.2.2 Rising awareness of child safety enhances market demand
4.3 RESTRAINTS
- 4.3.1 High initial investment deters potential buyers
- 4.3.2 Competition from alternative home security solutions
4.4 OPPORTUNITY
- 4.4.1 Technological advancements enhancing gun safe features
4.5 REGULATORY UPDATE
4.6 TECHNOLOGY LEVEL TRENDS

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS
- 5.1.1 manufacturing
- 5.1.2 distribution
- 5.1.3 Retail Sales and Marketing
- 5.1.4 After-Sales Service and Support
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 BARGAINING POWER OF BUYERS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY
5.3 IMPACT ANALYSIS OF COVID-19
- 5.3.1 Impact on US Gun Safe Market
- 5.3.2 Impact on Supply Chain of Gun Safe
- 5.3.3 Impact on Market Demand of Gun Safe
- 5.3.4 Impact on pricing of gun safe products

6 US GUN SAFE MARKET, BY TYPE

6.1 OVERVIEW

7 US GUN SAFE MARKET, BY LOCKING MECHANISM

7.1 OVERVIEW

8 US GUN SAFE MARKET, BY APPLICATION

8.1 OVERVIEW

9 COMPETITIVE LANDSCAPE

9.1 COMPETITIVE OVERVIEW
9.2 MAJOR PLAYERS IN THE US GUN SAFE MARKET
9.3 MAJOR PLAYERS IN TERMS OF MARKET DISRUPTORS & INNOVATORS
9.4 STRATEGIES ADOPTED BY MARKET LEADERS
9.5 COMPETITIVE BENCHMARKING

10 COMPANY PROFILES

10.1 BROWNING
- 10.1.1 Company Overview
- 10.1.2 FINANCIAL OVERVIEW
- 10.1.3 Products/Services Offered
- 10.1.4 KEY DEVELOPMENTS
- 10.1.5 SWOT Analysis
- 10.1.6 Key Strategies
10.2 SPORTS AFIELD
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 FINANCIAL OVERVIEW
- 10.2.3 PRODUCTS OFFERED
- 10.2.4 KEY DEVELOPMENTS
- 10.2.5 SWOT ANALYSIS
- 10.2.6 KEY STRATEGIES
10.3 GRANITE SECURITY PRODUCTS, INC.
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 FINANCIAL OVERVIEW
- 10.3.3 PRODUCTS OFFERED
- 10.3.4 KEY DEVELOPMENTS
- 10.3.5 SWOT ANALYSIS
- 10.3.6 KEY STRATEGIES
10.4 CHAMPION SAFE
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 FINANCIAL OVERVIEW
- 10.4.3 PRODUCTS OFFERED
- 10.4.4 KEY DEVELOPMENTS
- 10.4.5 SWOT ANALYSIS
- 10.4.6 KEY STRATEGIES
10.5 BI -MART
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 FINANCIAL OVERVIEW
- 10.5.3 PRODUCTS OFFERED
- 10.5.4 KEY DEVELOPMENTS
- 10.5.5 SWOT ANALYSIS
- 10.5.6 KEY STRATEGIES
10.6 HARBOR FREIGHT
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 FINANCIAL OVERVIEW
- 10.6.3 PRODUCTS OFFERED
- 10.6.4 KEY DEVELOPMENTS
- 10.6.5 SWOT ANALYSIS
- 10.6.6 KEY STRATEGIES
10.7 TRACTOR SUPPLY
- 10.7.1 Company Overview
- 10.7.2 FINANCIAL OVERVIEW
- 10.7.3 Products/Services Offered
- 10.7.4 KEY DEVELOPMENTS
- 10.7.5 SWOT Analysis
- 10.7.6 Key Strategies
10.8 RHINO METALS, INC
- 10.8.1 Company Overview
- 10.8.2 FINANCIAL OVERVIEW
- 10.8.3 Products/Services Offered
- 10.8.4 KEY DEVELOPMENTS
- 10.8.5 SWOT Analysis
- 10.8.6 Key Strategies
10.9 LIBERTY SAFE
- 10.9.1 COMPANY OVERVIEW
- 10.9.2 FINANCIAL OVERVIEW
- 10.9.3 PRODUCTS OFFERED
- 10.9.4 KEY DEVELOPMENTS
- 10.9.5 SWOT ANALYSIS
- 10.9.6 KEY STRATEGIES
10.10 SECUREIT GUN STORAGE
- 10.10.1 COMPANY OVERVIEW
- 10.10.2 FINANCIAL OVERVIEW
- 10.10.3 PRODUCTS OFFERED
- 10.10.4 KEY DEVELOPMENTS
- 10.10.5 SWOT ANALYSIS
- 10.10.6 KEY STRATEGIES

11 APPENDIX

11.1 REFERENCES
11.2 DATA CITATIONS

LIST OF TABLES

TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT
TABLE 2 US GUN SAFE MARKET, BY TYPE, 2019-2032 (USD MILLION)
TABLE 3 US GUN SAFE MARKET, BY LOCKING MECHANISM, 2019-2032 (USD MILLION)
TABLE 4 US GUN SAFE MARKET, BY APPLICATION, 2019-2032 (USD MILLION)
TABLE 5 MAJOR PLAYERS IN TERMS OF MARKET DISRUPTORS & INNOVATORS
TABLE 6 BROWNING: PRODUCTS/SERVICES OFFERED
TABLE 7 SPORTS AFIELD: PRODUCTS OFFERED
TABLE 8 GRANITE SECURITY PRODUCTS, INC.: PRODUCTS OFFERED
TABLE 9 CHAMPION SAFE: PRODUCTS OFFERED
TABLE 10 BI -MART: PRODUCTS OFFERED
TABLE 11 HARBOR FREIGHT: PRODUCTS OFFERED
TABLE 12 TRACTOR SUPPLY: PRODUCTS/SERVICES OFFERED
TABLE 13 RHINO METALS, INC: PRODUCTS/SERVICES OFFERED
TABLE 14 LIBERTY SAFE: PRODUCTS OFFERED
TABLE 15 LIBERTY SAFE: KEY DEVELOPMENTS
TABLE 16 SECUREIT GUN STORAGE: PRODUCTS OFFERED

LIST OF FIGURES

FIGURE 1 US GUN SAFE MARKET: EXECUTIVE SUMMARY
FIGURE 2 US GUN SAFE MARKET: STRUCTURE
FIGURE 3 US GUN SAFE MARKET: MARKET GROWTH FACTOR ANALYSIS (2022-2032)
FIGURE 4 DRIVER IMPACT ANALYSIS (2023-2032)
FIGURE 5 RESTRAINT IMPACT ANALYSIS (2022-2032)
FIGURE 6 VALUE CHAIN ANALYSIS OF THE US GUN SAFE MARKET
FIGURE 7 PORTER'S FIVE FORCES ANALYSIS: US GUN SAFE MARKET
FIGURE 8 US GUN SAFE MARKET, BY TYPE, 2022 & 2032 (USD MILLION)
FIGURE 9 US GUN SAFE MARKET SHARE (%), BY TYPE, 2022
FIGURE 10 US GUN SAFE MARKET, BY LOCKING MECHANISM, 2022 & 2032 (USD MILLION)
FIGURE 11 US GUN SAFE MARKET SHARE (%), BY LOCKING MECHANISM, 2022
FIGURE 12 US GUN SAFE MARKET, BY APPLICATION, 2022 & 2032 (USD MILLION)
FIGURE 13 US GUN SAFE MARKET SHARE (%), BY APPLICATION, 2022
FIGURE 14 US GUN SAFE MARKET SHARE ANALYSIS, 2022 (%)
FIGURE 15 BENCHMARKING OF MAJOR COMPETITORS
FIGURE 16 BROWNING: SWOT ANALYSIS
FIGURE 17 SPORTS AFIELD: SWOT ANALYSIS
FIGURE 18 GRANITE SECURITY PRODUCTS, INC.: SWOT ANALYSIS
FIGURE 19 CHAMPION SAFE: SWOT ANALYSIS
FIGURE 20 BI -MART: SWOT ANALYSIS
FIGURE 21 HARBOR FREIGHT: SWOT ANALYSIS
FIGURE 22 TRACTOR SUPPLY: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 23 TRACTOR SUPPLY: SWOT ANALYSIS
FIGURE 24 RHINO METALS, INC: SWOT ANALYSIS
FIGURE 25 LIBERTY SAFE: SWOT ANALYSIS
FIGURE 26 SECUREIT GUN STORAGE: SWOT ANALYSIS