Global Holster Market Expected to Reach USD 2,889.1 Million by 2032

According to a recent market study published by Growth Market Reports, titled, “Global Holster Market By Type (Outside Waistband Holsters (OWB), Inside Waistband Holsters (IWB), Pocket Holsters, Shoulder Holsters, Ankle Holsters, Others), By Material (Leather, Nylon, Kydex, Others), By End User (Law Enforcement, Military, Civil, Sports & Hunting, Others), By Distribution Channel (Direct, Indirect), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa (MEA)): Size, Share, Trends and Opportunity Analysis, 2017-2032”, the market was valued at USD 1,756.1 million in 2022 and is projected to expand at a growth rate of 5.5% by 2032.

As per Growth Market Reports industry analyst, Aditya Jawalkar, the global Holster market is anticipated to register significant growth during the forecast period, 2024-2032. Holsters incorporate retention mechanisms such as thumb breaks, straps, or locking systems to retain the weapon securely. It is important to emphasize proper gun safety and handling techniques when using a holster to ensure that the firearm is always under control and never poses a threat to oneself or others. Holsters are also used to hold objects such as knives and electronic devices such as cameras and tasers. These applications of holsters hold a minor share of the market.

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Based on type, the holster market is categorized as outside waistband holsters (OWB), inside waistband holsters (IWB), pocket holsters, shoulder holsters, ankle holsters, and others.

The outside waistband holsters (OWB) segment held a major market share in 2023 due to its ease of use, comfort, and accessibility. OWB holsters are visible and more easily accessible than other types of holsters, which makes them a popular choice among gun owners. Additionally, advancements in holster design and materials, OWB holsters have become increasingly comfortable to the wear for extended periods, which has further contributed to their popularity. The inside waistband holsters (IWB) segment is expected to expand at a significant CAGR during the forecasted period, owing to the increasing popularity of concealed carry laws and the demand for comfortable, high-quality holsters.

Based on material, the holster market is categorized into leather, nylon, kydex, and others. The leather segment held a significant market share in the year 2023, as it is a popular choice among firearm carriers, due to its classic appearance & traditional appeal. The recent surge in estimated gun sales in the US has had a significant impact on the leather segment in the holster market. The nylon holster segment is growing, due to the increasing number of firearm owners, rising demand for personal safety & self-defense equipment, and the popularity of shooting sports and hunting activities. The kydex segment is growing rapidly, as kydex holsters have gained popularity in recent years for their superb retention and durability. Additionally, Kydex holsters are generally lightweight and low-profile, allowing for comfortable and discreet carry. However, some users find Kydex holsters less comfortable against the body as compared to leather or nylon options.

Based on end-user, the holster market is categorized into law enforcement, military, civil, sports & hunting, and others. The growth of the law enforcement segment is due to the increasing emphasis on officer safety and equipment standardization within law enforcement agencies. Law enforcement officers require reliable and secure holsters that allow for quick access to their firearms while ensuring the safety of both the officer and the general public. The growth of the civil segment attributed to the increase in the demand for holsters designed for personal safety and self-defense among civilians worldwide, which is attributed to growing concerns about personal security, leading individuals to seek ways to protect themselves. The growth in the military segment is attributed to the increased military spending, and modernization efforts by various countries. As armed forces seek to upgrade their equipment and provide their personnel with advanced gear, the demand for specialized holsters designed for military use rises. The sports & hunting segment is anticipated to expand at a significant CAGR in the forecasted period due to the rise in the number of people participating in shooting sports and hunting activities. This, in turn, has increased the demand for holsters that cater to the specific needs of these activities.

Based on sales channel, the holster market is categorized into direct and indirect. The direct segment held a significant market share in 2023, as consumers prefer direct sales channels for holsters because it provides them with several benefits. The growth of the indirect segment is attributed to the wide availability through various retailers and online platforms. This allows consumers to choose from a large selection of holsters, catering to different needs and preferences.

On the basis of region, the Holster market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America is expected to dominate the market in the coming years, due to the presence of a majority of market players. The US has the highest gun ownership rate compared to other countries across the globe. The market in Europe is expected to grow at a rapid pace during the forecast period. Holster manufacturers in Europe are innovating and developing new holster designs to meet the evolving needs of consumers. The market in Asia Pacific is expected to expand at a significant growth rate during the forecast period. The rise of e-commerce has transformed the way consumers purchase holsters in Asia Pacific. Internet and online retailing penetration is increasing consistently in developing nations, such as China and India. The market in Latin America is growing rapidly owing to the rising demand for holsters from military personnel. Increasing awareness of firearm safety and training initiatives influences consumer behavior and drives the demand for holsters. The market in the Middle East is expected to grow rapidly in the coming years. The market in the Middle East is primarily driven by counter-terrorism measures by the government, resulting in the procurement of small arms and holsters.

Primary and secondary research methodology is used for keen observation and study of the Holster market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to be updated with the latest market trends & developments. Validation of the estimated market size, and current and future trends are done by the key opinion leaders (KOLs). These KOLs are the CXO level people from key companies in the industry and possess experience of around 10-20 years in the industry. The secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned to understand the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The outbreak of coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. The pandemic raised concerns among economies and businesses by shifting focus to the online supply of consumer electronic gadgets and automotive components and creating manufacturing issues.

In January 2020, the WHO labeled the COVID-19 outbreak as a public health emergency of global concern and proclaimed it as a global pandemic in March 2020. This deadly virus has become one of the biggest pandemics in human history. The COVID-19 outbreak is a public health emergency that affected almost every industry. The long-term effects of the pandemic are expected to affect the growth of various industries during the forecast period, especially across Eastern Europe, European Union, the US, and Eastern & Central Asia.

As of April 16, 2024, more than 704,753,890 confirmed cases of COVID-19 were reported, and over 7,010,681 deaths were caused by the disease across the globe. COVID-19 cases have been registered in more than 223 countries and territories. COVID-19 cases have been registered in more than 231 countries and territories. Many countries are economically weak, while others have poor healthcare systems that affect the economy and life of people.

Key Takeaways from the Study:

• Key players in the market include Axon Enterprise Inc, Blackhawk, Blade-Tech Holsters, CrossBreed Holsters, DeSantis Gunhide, Cytec Technology, First Samco, Inc, GunfightersINC., Galco International, LTD, NcSTAR (VISM), Cadre Holdings, Inc., Tenicor, Tulster, VEDDER HOLSTERS, The Hunter Company, TAGUA GUNLEATHER, and Vega Holster.

Report Scope

Target Audience

• Supply-side: Raw material suppliers and Manufacturers  

• Demand Side: Holster manufacturing companies

• Regulatory Side: Concerned government authorities and other regulatory bodies