Self Defense Products Market Analysis

Self Defense Products Market Analysis

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Based on type, the market can be segmented into pepper spray, stun guns, batons, knives, tactical flashlight, and others. In 2023, the knives segment accounted for revenue of around USD 1.87 billion in the year 2023 and expected to reach around USD 2.78 billion by 2032. Knives, with their portability offer a sense of control, making them a popular choice for self-defense. Furthermore, the prevalence of knife-related attacks and incidents in public spaces has heightened awareness and prompted people to consider carrying knives as a means of self-preservation.
 

Additionally, the ease of accessibility and affordability of knives contribute to their popularity, as they are readily available for purchase in various retail outlets and online platforms. However, it is crucial to emphasize that the legality and regulations governing the carrying and use of knives vary across jurisdictions, and individuals should familiarize themselves with the applicable laws in their respective areas.
 

Based on consumer group, the self-defense products market is categorized into men, women, and kids. In 2023, self-defense products used by women segment accounted for revenue of around USD 3681 million in the year 2023 and expected to reach USD 5.63 billion by 2032. With the rise of crime rates and the prevalence of harassment and assault, women are constantly faced with the need to protect themselves. As a result, the use of self-defense products has become a popular choice for many women.
 

In 2021, there were 744 assaults against adults reported to Calgary police (Canada), with 699 of those offences resulting in minor or no physical injuries to the victim. 38 assaults were carried out with weapons or threats or caused bodily harm. There were also seven offences that police categorize as the most severe, resulting in wounding, maiming, disfiguring or endangering life all seven targeted women.
 

The self-defense products require minimal training and can be used by anyone, regardless of age or physical strength. This is particularly beneficial for women who may not have the strength to physically defend themselves against an attacker.
 

North America dominated the self-defense products market with revenue of around USD 1.91 billion in the year 2023 and expected to reach USD 2.85 billion by 2032. This growth can be attributed to the various factors such as increasing crime rates followed by rising concerns about personal safety and security. Additionally, changes in regulations related to personal safety and the use of self-defense products further influence the North America self-defense products market dynamics.
 

In 2022, property crime rose by 7% in united states, among the largest cities, Seattle and San Francisco had high property crime rates. As per The Council on Criminal Justice (CCJ), The robbery rate rose by 2% from 2022 to 2023, representing 1,206 additional incidents. Furthermore, New Mexico had the highest violent crime rate of any state at 780.5 incidences per 100,000 residents, followed by Alaska (758.9), Arkansas (645.3), Louisiana (628.6), and Tennessee (621.6).
 

On the other hand, in Canada the homicide rate, which is considered a key indicator of the state of violence in society, increased by nearly eight percent to 2.25 homicides per 100,000 population. The rate of police-reported extortion increased for the third consecutive year in 2022 (+39% to 25 incidents per 100,000 population) as per Statistics Canada.
 

As a result, the North America market is poised for significant growth and is anticipated to grow over the forecast period, driven by various factors such as increasing crime rates, rising concerns about personal safety and changes in regulations related to personal safety and the use of self-defense products.