There are around 875 million firearms across the globe. These guns are used for security, law enforcement, self-defence and military purpose owing to which demand for gun care products has increased notably. Legalization of guns has driven the sales of guns which likely to boost the market for gun care products during forecast period. Various types of gun care products available in the market such as cleaning rods, bore brushes, wool swabs, cleaning patches, lubricants, solvents and storage bags owing to increased maintenance of guns and arms.
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Cleaning Rods, Solvents, and Lubricants Holds Significant Share in Gun Care Products Market
Various gun care products like cleaning rod are used to clean inner part of the gun by using bore brushes, so that waste stocked up in gun barrel can be removed leading to increase in life of gun. Moreover, other gun care products like solvents are used to dissolve residual waste from inner part of the gun thus helping to clean the gun barrel leading to increased demand in gun care products market. Lubricants are used to reduce friction in different part of the gun leading to erosion less and long-term performance.
Recent Covid-19 pandemic have increased the sales for guns likely to push the demand of gun care products market during forecast period. Moreover, increased crime rates and threats have pushed the sales of weapons, which likely to boost the demand for gun care products.
Gun Care Product Market: Segmentation
Gun care products market is classified based on different segments like types and end use sector.
Based on types gun care products market is segmented into
- Cleaning rods
- Wool/ cotton swabs
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Based on end use gun care products market is segmented into
- Security Agencies
- Police Personals
- Military and Defence Personals
Impact of COVID-19 on Gun Care Products Market
Governments have imposed lockdown which has impacted production, transportation of gun care products has decreased leading to fall in demand for short amount of time. Moreover, sales of guns have increased in different part of the world owing to misconception about pandemic like COVID-19. Supply chain for gun care products has affected in some areas of the world and significantly affected in other areas like North America.
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New Product Development Has boosted the Gun care Product Market for Key Players
Rise in demand of guns likely to boost the gun care product market across the globe. Prominent players are using various strategies to capture gun care products market share. For instance, Otis Technology one of the prominent key player has launched the universal Otis Elite gun care kit that can be used for all types of guns. Moreover, Hoppe’s 9 has launched its all in one cleaner, lubricant and protectant offering at low cost while effective solution for gun care. Few of the prominent market players in the gun care product market are Remington Arms Company, LLC, REVO BRAND GROUP, LLC and among others.
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