The global holster market in terms of revenue was valued US$ 1,581.2 Mn and in terms of volume, it was 31,021.7 Thousand Units in the year 2018, and is expected to increase with a significant CAGR during the forecast period. Holster is a case used for carrying firearm and is primarily attached to a belt, shoulder sling, or a saddle. They are made of different raw materials such as leather, nylon, plastic, and others, of which leather is most widely used. They are designed to protect handgun, secure its retention, and give ready access to it.
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The evolution of new technologies in holster is driving the growth of the holster market during the forecast period. Technologies such as radio frequency, fingerprint identification, 3D printing, and others, are some of the major features used in the manufacturing of smart holsters. A fingerprint identification is the input device located on a holster that compares the stored finger image with the inputted finger image. The fingerprint identification feature helps in preventing theft and misuse of firearms.
However, stringent environmental rules and regulations are restraining the growth of the holster market during the forecast period. Leather, plastic, and nylon are some of the prominent products used in the manufacturing of holsters. Various leather laws imposed by different countries are one of the factors, which is hampering the global holster market demand. For instance, the law imposed by the EU legislation on leather industry, such as Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) provides guidelines for the high-level protection of environment and human health. Moreover, the use of kydex as raw material for holster manufacturing is expected to further increase the market demand for the product.
The key players in the market are 5.11 Tactical, Blackhawk, The Safariland Group, Galco International Ltd., CrossBreed Holster, LLC, Smith & Wesson, Bulldog Cases & Vaults, NcSTAR Inc., Blade-Tech Industries, Alien Gear Holsters, and others. Various strategies such as joint ventures, partnerships, new product developments, and others are being adopted by major players to gain competitive edge in the market.
For instance, On January 10th 2017, Blackhawk, a Virginia, United States-based holster manufacturing company, released ‘Omnivore’, which is a multi-match holster that can hold a hundred and fifty plus forms of semi-automatic handguns with an accent rail. In addition to this, Safariland, a U.S.-based company has been consistently developing new products such as concealed convey holsters, Model -7520 SLS EDW Holster with Clip in the year 2017 and Model 4585 Prevader Concealment Holster and Belt Loop (VUBL) in 2019.
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