Published By : 30 Sep 2016 | Published By : QYRESEARCH
The increasing number of crimes across the world has impelled civilians towards the adoption of self-defense and civilian less lethal weapons. The deployment of self-defense and civilian less lethal weapons in war inflicted areas in North America is further expected boost the demand for these weapons across the world. Self-defense and civilian less lethal weapons are most popular among women and thus the growing demand for such weapons among women is expected to bode well for the growth of the market. However, technical glitches associated with self-defense and civilian less lethal weapons are expected to restrain the growth of the market over the forthcoming years. Restrictions by law on the use of less lethal weapons on humanitarian grounds are further expected to restrain the market growth. Manufacturers of civilian less lethal and self-defense weapons are likely to gain profitable growth opportunities from the development of new and innovative product and rising investments on research and development projects.
Growth of Market to be Steered by Increasing Crime Rate in Canada
The extreme misuse of less lethal weapons in Canada drives the civilian less lethal and self-defense weapons market in the country. The growing crime rate in the country is one of the primary factors boosting the adoption of less lethal and self-defense weapons in Canada. As a result of the mounting demand, the sales of these weapons is decreasing from immediate vendors and thus paving way for shipped weapons from the United States. Due to this, vendors operating in the civilian less lethal and self-defense market in the U.S. are gaining lucrative growth opportunities regarding enhancement of consumer base.
Pepper Sprays to Emerge Dominant North America Civilian Less Lethal and Self-defense Weapons Market
The easy to carry and convenient to use feature of pepper sprays have made them the most used product among all the less lethal and self-defense products available in the market. The rising demand for pepper sprays from female consumers is expected to drive the sales of the product in the region. Pepper spray can be used both for controlling riots and for self-defense.
The North America civilian less lethal and self-defense weapons market is likely to exhibit a CAGR of 4.0% between 2015 and 2023. In 2014, the market was worth US$58.10 mn and is likely to rise to US$82.16 mn by 2023.