Global Small Arms Market 2024-2028
The small arms market is forecasted to grow by USD 2.60 bn during 2023-2028, accelerating at a CAGR of 5.21% during the forecast period. The report on the small arms 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 rising concerns about personal safety and security, increasing demand for small arms from law enforcement sector, and increasing participation in shooting sports and recreational shooting activities.
Technavio's small arms market is segmented as below:
By End-user
- Civil and commercial
- Defense
By Type
- Rifle
- Pistol
- Short gun
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the increasing popularity of modular firearms platforms as one of the prime reasons driving the small arms market growth during the next few years. Also, integration of technology such as biometrics and radio frequency identification into small arms and increasing participation of women in shooting sports and self-defense will lead to sizable demand in the market.
The report on the small arms market covers the following areas:
- Small arms market sizing
- Small arms market forecast
- Small arms 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 small arms market vendors that include Adani Group, AmmoTerra, ARSENAL JSCo, Fabbrica dArmi Pietro Beretta S.p.A., Colt Manufacturing Co, LLC., EDGE Group PJSC, G Lock Perfection, Heckler and Koch Inc., Herstal SA, HS Produkt, Indian Ordnance Factories, Israel Defence, Kalyani Strategic Systems Ltd., Kongsberg Gruppen ASA, MOD Crown, Shaw Barrels, SIG Sauer Inc., Smith and Wesson Brands, Inc., Stumpp Schuele and Somappa Springs Pvt. Ltd., and Sturm Ruger and Co. Inc.. Also, the small arms 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 research - both primary and secondary. 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 the accurate market growth.