Gun Storage Market - Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027

Research states that approximately 7% of children in the United States stay in homes with at least one loaded, unlocked firearm. Safe storage can limit unauthorized access to firearms. Safe storage requirement for guns is necessary and an integral part of getting a license. Houses with guns have a greater chance of gun injury, including suicide and homicide.

Driving Factors

  • Increase in disposable income, and advanced lifestyle patterns in developing cities is increased the demand for guns. Furthermore, firearms for safety and security purpose for people staying in the outskirts of a city induce the demand for guns.

  • Increasing awareness about the benefits of gun safes and cabinets in various applications such as law enforcement, and military and defense are expected to accelerate the overall gun storage market. The threat of substitutes is very low as there is no direct substitute in the market; gun safes or cabinets are necessary and they are mandatory in some parts of the world for getting a license.

Market Segmentation

  • The global gun storage market can be segmented on the basis of product type, placement, application, distribution channel, and geography. Gun safes and gun cabinets are the main product types of gun storage. Based on application, the gun storage market is segmented into law enforcement, military and defense, and others. On the basis of distribution channel, the market is segmented into online and offline.

  • Gun safes have lock systems fitted and can only be opened by a key or combination code. In contrast, a gun cabinet is designed more for displaying a collection of firearms. Security of the firearms is one of the main concerns of gun cabinets. The glass door can be easily broken and the firearms removed from the cabinet in case of home invasion. Hence, gun safes are a better option than gun cabinets.

  • The gun storage market is segmented on the basis of region into North America, South America, Asia Pacific, Middle East & Africa, and Europe. Furthermore, the regions are divided into prevailing countries such as the U.S., Canada, Germany, France, Italy, U.K., GCC countries, China, India, Japan, and Brazil.

  • Europe and North America are expected to be the potential growth markets for the gun storage market in the coming years. Strict law enforcement, and need for guns for safety in the outskirts of the city drives the demand for guns and gun storage cabinets and safes.

Regulatory Frameworks

  • Applicants should have sufficient storage facilities for guns or firearms, and it is a mandatory requirement at the time of application. The gun storage can be purchased through locksmiths or gun shops. These shops should have been inspected by the police and should have certificates of compliance issued by the Firearms Section, Police. Firearm owners can also build their own gun storage cabinets or safes as long as it meets safety and security standards.

  • Gun storage cabinets are subject to inspection and a person considering building their own storage cabinet should use the proper guidelines for the same. Commercially manufactured firearm storage cabinets are widely available, and this is the most preferred method of security. BS 7558 is a British standard for gun cabinets. Gun storage can be wall mounted or floor mounted depending on the requirement

Competitive Landscape

  • Players are focusing more on R&D activities so as to incorporate new features and launch new products to remain competitive in the market. Some of the key players operating in the global gun storage market include Liberty Safe, Superior Safe Company, Cannon Safe, BSA Guns, SecureIt Gun Storage, Rhino Metals, Inc., American Security Products Co., Browning, Mesa Safe Company, ShotLock LLC., Vaultek Safe, Barska, and Steelwater Gun SafesSM.

  • The gun storage market is fragmented in nature. One can buy gun cabinets or safes from local manufacturers under the condition that it fulfills safety standards set by the government.

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