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Asia Pacific Self-Defense Products Market Size, Share, Future Prospects and Forecast 2020-2026
The Asia-Pacific self-defense products market is anticipated to grow with a lucrative CAGR of 8.5% during the forecast period (2020-2026). The high rate of homicide, assaults, rapes, and other crimes across the region is driving the adoption of self-defense products among the population, in turn raising the market. The increasing cases of rapes and women assaults are also encouraging women population to use light and easy to use self-defense products such as pepper spray and safety alarms equipped with GPS tracking across the region. In addition to this, the strict laws prohibiting the possession of real guns are also driving the adoption of less-lethal weapons such as stun guns, baton sticks, knives, and many more for self-defense.
Furthermore, global companies are also expanding their businesses in the Asia-Pacific market. Global companies such as SABRE & MACE are operating in the region. MACE was present in India through a joint venture which is now expanding its operation by opening its production site. The production site will cater to the demands of self-defense products for India as well as the entire South Asia and Southeast Asia region. MACE is expected to have a $1 billion worth of business in the next three years from the Asia-Pacific region.
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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