Handgun Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Handgun Market
The global handgun market size was valued at USD 3.12 billion in 2022 and is projected to grow from USD 3.41 billion in 2023 to USD 5.35 billion by 2030, exhibiting a CAGR of 6.6% during the forecast period of 2023-2030.
The COVID-19 pandemic boosted the handgun marketplace, with rising calls for private protection and self-protection amid increased crime fees. Lockdowns intensified interest in firearms for domestic protection, even as supply chain disruptions restrained handgun and ammunition availability, contributing to a considerable marketplace boom for the duration of this period and impeding the handgun market growth.
The handgun market is driven by way of growing private protection concerns, rising crime rates, and a developing interest in shooting sports. Additionally, prison changes that ease firearm possession and improvements in handgun technology contribute to a heightened call for.
The advanced firearms era is shaping the handgun marketplace, with polymer-frame pistols gaining popularity due to their lightweight and durability. Additionally, improving innovative gun technology, incorporating capabilities like fingerprint or biometric recognition, aims to beautify safety and prevent unauthorized admission, expanding the handgun market share globally. These improvements drive innovation and address the handgun enterprise's evolving patron possibilities and protection issues.
Comprehensive Analysis of Handgun Market
The handgun market is segmented through kind, operation, and cease-person. The types consist of single-shot handguns, revolvers, and semi-automatic pistols, with semi-computerized pistols leading in market share and growth due to the growing demand for private security and shooting sports. By operation, automatic handguns dominate, pushing through continuous fireplace abilities and accelerated protection spending. Stop-users, defense, and place of birth protection keep the most crucial share and fastest increase, supported by modernization and better budgets. The self-defense phase has grown appreciably amid international protection worries, and search, and regulation enforcement segments are expected to grow.
The North America region led the handgun market by benefitting a size of USD 1.35 billion in 2022 due to an enormous defense price range and a developing quantity of firing levels inside the U.S. and Canada.
The leading players in the handgun market significantly shape its growth trajectory and establish industry standards. Key companies such as Glock GmbH (Austria), SIG SAUER (U.S.), Sturm, Ruger & Co., Inc. (U.S.), FN HERSTAL (Belgium), Ceska zbrojovka a.s. (Czech Republic), Israel Weapon Industries (Israel), Colt's Manufacturing (U.S.), Beretta (Italy), Smith & Wesson (U.S.), and Kalashnikov Group (Russia) contribute to a competitive landscape, driving innovation and advancement in the market.
In August 2023, The Indian state-owned enterprise Advanced Weapons and Equipment India Limited (AWEIL) introduced a long-range revolver named ‘Prabal.’ This revolver has a firing range of up to 50 meters, over twice that of other Indian revolvers.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 6.6% from 2023-2030
Unit Value (USD Billion)
Segmentation By Type
Single-Shot Handguns (Muzzleloaders)
Revolvers
By Operation
Automatic
Semi-Automatic
Manual
By End-user
Defense & Homeland Security
Self-Defense
Sports
Hunting
Law Enforcement
By Geography
North America (By Type, Operation, and End-user)
U.S. (By Type)
Canada (By Type)
Europe (By Type, By Operation, and By End-user)
U.K (By Type)
Germany (By Type)
France (By Type)
Russia (By Type)
Rest of Europe (By Type)
Asia Pacific (By Type, By Operation, and By End-user)
China (By Type)
Japan (By Type)
India (By Type)
South Korea (By Type)
Rest of Asia-Pacific (By Type)
Rest of the World (By Type, By Operation, and By End-user)
Latin America (By Type)
Middle East & Africa (By Type)
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- 1. Introduction.
- 1.1. Research Scope.
- 1.2. Market Segmentation.
- 1.3. Research Methodology.
- 1.4. Definitions and Assumptions.
- 2. Executive Summary.
- 3. Market Dynamics.
- 3.1. Market Drivers.
- 3.2. Market Restraints.
- 3.3. Market Opportunities.
- 3.4. Market Trends.
- 4. Key Insights.
- 4.1. Key Industry Developments - Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- 4.2. Latest Technological Advancements
- 4.3. Porters Five Forces Analysis.
- 4.4. Supply Chain Analysis.
- 4.5. Quantitative Insights - Impact of Russia-Ukraine War on Global Handgun Market
- 5. Global Handgun Market Analysis, Insights and Forecast, 2019-2030
- 5.1. Key Findings / Definition.
- 5.2. Market Analysis, Insights and Forecast - By Type
- 5.2.1. Single-shot Handguns (Muzzleloaders)
- 5.2.2. Revolvers.
- 5.2.3. Semi-Automatic Pistols.
- 5.3. Market Analysis, Insights and Forecast - By Operation
- 5.3.1. Automatic.
- 5.3.2. Semi-Automatic.
- 5.3.3. Manual.
- 5.4. Market Analysis, Insights and Forecast - By End User
- 5.4.1. Defense & Homeland Security
- 5.4.2. Self-Defense.
- 5.4.3. Sports.
- 5.4.4. Hunting.
- 5.4.5. Law Enforcement.
- 5.5. Market Analysis, Insights and Forecast - By Region
- 5.5.1. North America.
- 5.5.2. Europe.
- 5.5.3. Asia Pacific.
- 5.5.4. Rest of World.
- 6. North America Handgun Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Market Analysis, Insights and Forecast - By Type
- 6.1.1. Single-shot Handguns (Muzzleloaders)
- 6.1.2. Revolvers.
- 6.1.3. Semi-Automatic Pistols.
- 6.2. Market Analysis, Insights and Forecast - By Operation
- 6.2.1. Automatic.
- 6.2.2. Semi-Automatic.
- 6.2.3. Manual.
- 6.3. Market Analysis, Insights and Forecast - By End User
- 6.3.1. Defense & Homeland Security
- 6.3.2. Self-Defense.
- 6.3.3. Sports.
- 6.3.4. Hunting.
- 6.3.5. Law Enforcement.
- 6.4. Market Analysis, Insights and Forecast - By Country
- 6.4.1. U.S.
- 6.4.1.1. Market Analysis, Insights and Forecast - By Type
- 6.4.1.1.1. Single-shot Handguns (Muzzleloaders)
- 6.4.1.1.2. Revolvers.
- 6.4.1.1.3. Semi-Automatic Pistols
- 6.4.2. Canada.
- 6.4.2.1. Market Analysis, Insights and Forecast - By Type
- 6.4.2.1.1. Single-shot Handguns (Muzzleloaders)
- 6.4.2.1.2. Revolvers.
- 6.4.2.1.3. Semi-Automatic Pistols
- 7. Europe Handgun Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Market Analysis, Insights and Forecast - By Type
- 7.1.1. Single-shot Handguns (Muzzleloaders)
- 7.1.2. Revolvers.
- 7.1.3. Semi-Automatic Pistols.
- 7.2. Market Analysis, Insights and Forecast - By Operation
- 7.2.1. Automatic.
- 7.2.2. Semi-Automatic.
- 7.2.3. Manual.
- 7.3. Market Analysis, Insights and Forecast - By End User
- 7.3.1. Defense & Homeland Security
- 7.3.2. Self-Defense.
- 7.3.3. Sports.
- 7.3.4. Hunting.
- 7.3.5. Law Enforcement.
- 7.4. Market Analysis, Insights and Forecast - By Country
- 7.4.1. U.K.
- 7.4.1.1. Market Analysis, Insights and Forecast - By Type
- 7.4.1.1.1. Single-shot Handguns (Muzzleloaders)
- 7.4.1.1.2. Revolvers.
- 7.4.1.1.3. Semi-Automatic Pistols
- 7.4.2. Germany.
- 7.4.2.1. Market Analysis, Insights and Forecast - By Type
- 7.4.2.1.1. Single-shot Handguns (Muzzleloaders)
- 7.4.2.1.2. Revolvers.
- 7.4.2.1.3. Semi-Automatic Pistols
- 7.4.3. France.
- 7.4.3.1. Market Analysis, Insights and Forecast - By Type
- 7.4.3.1.1. Single-shot Handguns (Muzzleloaders)
- 7.4.3.1.2. Revolvers.
- 7.4.3.1.3. Semi-Automatic Pistols
- 7.4.4. Russia.
- 7.4.4.1. Market Analysis, Insights and Forecast - By Type
- 7.4.4.1.1. Single-shot Handguns (Muzzleloaders)
- 7.4.4.1.2. Revolvers.
- 7.4.4.1.3. Semi-Automatic Pistols
- 7.4.5. Rest of Europe.
- 7.4.5.1. Market Analysis, Insights and Forecast - By Type
- 7.4.5.1.1. Single-shot Handguns (Muzzleloaders)
- 7.4.5.1.2. Revolvers.
- 7.4.5.1.3. Semi-Automatic Pistols
- 8. Asia Pacific Handgun Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Market Analysis, Insights and Forecast - By Type
- 8.1.1. Single-shot Handguns (Muzzleloaders)
- 8.1.2. Revolvers.
- 8.1.3. Semi-Automatic Pistols.
- 8.2. Market Analysis, Insights and Forecast - By Operation
- 8.2.1. Automatic.
- 8.2.2. Semi-Automatic.
- 8.2.3. Manual.
- 8.3. Market Analysis, Insights and Forecast - By End User
- 8.3.1. Defense & Homeland Security
- 8.3.2. Self-Defense.
- 8.3.3. Sports.
- 8.3.4. Hunting.
- 8.3.5. Law Enforcement.
- 8.4. Market Analysis, Insights and Forecast - By Country
- 8.4.1. China.
- 8.4.1.1. Market Analysis, Insights and Forecast - By Type
- 8.4.1.1.1. Single-shot Handguns (Muzzleloaders)
- 8.4.1.1.2. Revolvers.
- 8.4.1.1.3. Semi-Automatic Pistols
- 8.4.2. India.
- 8.4.2.1. Market Analysis, Insights and Forecast - By Type
- 8.4.2.1.1. Single-shot Handguns (Muzzleloaders)
- 8.4.2.1.2. Revolvers.
- 8.4.2.1.3. Semi-Automatic Pistols
- 8.4.3. Japan.
- 8.4.3.1. Market Analysis, Insights and Forecast - By Type
- 8.4.3.1.1. Single-shot Handguns (Muzzleloaders)
- 8.4.3.1.2. Revolvers.
- 8.4.3.1.3. Semi-Automatic Pistols
- 8.4.4. South Korea.
- 8.4.4.1. Market Analysis, Insights and Forecast - By Type
- 8.4.4.1.1. Single-shot Handguns (Muzzleloaders)
- 8.4.4.1.2. Revolvers.
- 8.4.4.1.3. Semi-Automatic Pistols
- 8.4.5. Rest of Asia Pacific.
- 8.4.5.1. Market Analysis, Insights and Forecast - By Type
- 8.4.5.1.1. Single-shot Handguns (Muzzleloaders)
- 8.4.5.1.2. Revolvers.
- 8.4.5.1.3. Semi-Automatic Pistols
- 9. Rest of the World Handgun Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Market Analysis, Insights and Forecast - By Type
- 9.1.1. Single-shot Handguns (Muzzleloaders)
- 9.1.2. Revolvers.
- 9.1.3. Semi-Automatic Pistols.
- 9.2. Market Analysis, Insights and Forecast - By Operation
- 9.2.1. Automatic.
- 9.2.2. Semi-Automatic.
- 9.2.3. Manual.
- 9.3. Market Analysis, Insights and Forecast - By End User
- 9.3.1. Defense & Homeland Security
- 9.3.2. Self-Defense.
- 9.3.3. Sports.
- 9.3.4. Hunting.
- 9.3.5. Law Enforcement.
- 9.4. Market Analysis, Insights and Forecast - By Country
- 9.4.1. Latin America.
- 9.4.1.1. Market Analysis, Insights and Forecast - By Type
- 9.4.1.1.1. Single-shot Handguns (Muzzleloaders)
- 9.4.1.1.2. Revolvers.
- 9.4.1.1.3. Semi-Automatic Pistols
- 9.4.2. Middle East & Africa.
- 9.4.2.1. Market Analysis, Insights and Forecast - By Type
- 9.4.2.1.1. Single-shot Handguns (Muzzleloaders)
- 9.4.2.1.2. Revolvers.
- 9.4.2.1.3. Semi-Automatic Pistols
- 10. Competitive Analysis.
- 10.1. Global Market Ranking Analysis (2022)
- 10.2. Competitive Dashboard.
- 11. Company Profiles
- 11.1. Glock gmbh (Austria)
- 11.1.1. Overview
- 11.1.2. Products & Services
- 11.1.3. SWOT Analysis
- 11.1.4. Recent Developments
- 11.1.5. Strategies
- 11.1.6. Financials (Based on Availability)
- 11.2. SIG SAUER (U.S.)
- 11.2.1. Overview
- 11.2.2. Products & Services
- 11.2.3. SWOT Analysis
- 11.2.4. Recent Developments
- 11.2.5. Strategies
- 11.2.6. Financials (Based on Availability)
- 11.3. Sturm, Ruger & Co., Inc. (U.S.)
- 11.3.1. Overview
- 11.3.2. Products & Services
- 11.3.3. SWOT Analysis
- 11.3.4. Recent Developments
- 11.3.5. Strategies
- 11.3.6. Financials (Based on Availability)
- 11.4. FN HERSTAL (Belgium)
- 11.4.1. Overview
- 11.4.2. Products & Services
- 11.4.3. SWOT Analysis
- 11.4.4. Recent Developments
- 11.4.5. Strategies
- 11.4.6. Financials (Based on Availability)
- 11.5. Ceska zbrojovka a.s. (Czech Republic)
- 11.5.1. Overview
- 11.5.2. Products & Services
- 11.5.3. SWOT Analysis
- 11.5.4. Recent Developments
- 11.5.5. Strategies
- 11.5.6. Financials (Based on Availability)
- 11.6. Israel Weapon Industries (Israel)
- 11.6.1. Overview
- 11.6.2. Products & Services
- 11.6.3. SWOT Analysis
- 11.6.4. Recent Developments
- 11.6.5. Strategies
- 11.6.6. Financials (Based on Availability)
- 11.7. Colt's Manufacturing (U.S.)
- 11.7.1. Overview
- 11.7.2. Products & Services
- 11.7.3. SWOT Analysis
- 11.7.4. Recent Developments
- 11.7.5. Strategies
- 11.7.6. Financials (Based on Availability)
- 11.8. Beretta (Italy)
- 11.8.1. Overview
- 11.8.2. Products & Services
- 11.8.3. SWOT Analysis
- 11.8.4. Recent Developments
- 11.8.5. Strategies
- 11.8.6. Financials (Based on Availability)
- 11.9. Smith & Wesson (U.S.)
- 11.9.1. Overview
- 11.9.2. Products & Services
- 11.9.3. SWOT Analysis
- 11.9.4. Recent Developments
- 11.9.5. Strategies
- 11.9.6. Financials (Based on Availability)
- 11.10. Kalashnikov Group (Russia)
- 11.10.1. Overview
- 11.10.2. Products & Services
- 11.10.3. SWOT Analysis
- 11.10.4. Recent Developments
- 11.10.5. Strategies
- 11.10.6. Financials (Based on Availability)
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