Rifles Market 2024-2028
The rifles market is forecasted to grow by USD 766.5 mn during 2023-2028, accelerating at a CAGR of 3.5% during the forecast period. The report on the rifles market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing defense spending globally, rising ownership of firearms among civilians, and rising participation in shooting sports in US.
Technavio's rifles market is segmented as below:
- By Product
- Semi-automatic rifles
- Bolt-action rifles
- Automatic rifles
- Others
- By Type
- Small caliber rifles
- Medium caliber rifles
- Large caliber rifles
- By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the increasing focus of vendors on new product launches as one of the prime reasons driving the rifles market growth during the next few years. Also, increasing number of contracts between governments and vendors for new rifles and growing popularity of modular and customizable rifles will lead to sizable demand in the market.
The report on the rifles market covers the following areas:
- Rifles market sizing
- Rifles market forecast
- Rifles market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading rifles market vendors that include Accuracy International Ltd, Barrett Firearms Manufacturing Inc, Browning Arms Co, Ceska zbrojovka as, Colts Manufacturing Co LLC, Daniel Defense LLC, Fabbrica dArmi Pietro Beretta S.p.A., FN America LLC, Heckler and Koch, Howa Machinery Ltd, RemArms LLC, Savage Arms Inc, SIG Sauer Inc., Smith and Wesson Brands Inc, STEYR ARMS GmbH, Sturm, Ruger and Co Inc, Taurus Holdings Inc, TDJ Buyer LLC, Weatherby Inc, and Winchester Repeating Arms. Also, the rifles market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.