Global Small Arms Market - Market Size & Forecast To 2032

Global Small Arms Market - Market Size & Forecast To 2032

The global small arms market is estimated to be worth of USD 9.99 Billion in 2023 and is growing at a CAGR of 5.20% during the forecast period from 2023 to 2032. The small arms market research report discusses the importance of the segments as well as the regional markets. An accurate overview for different segments and regions has been prepared on the basis of the market size as well as the growth rate (CAGR). Different industry professionals and research analysts in various regions have examined and validated the data presented in this research report. Apart from this, the market research report contains an in-depth analysis of the forecasted data, important developments, and revenues. Further, it contains a thorough analysis of the important strategies undertaken by the leading market players to drive their business growth in the global Small Arms market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario. The research analysts have included important aspects, such as future trends, market position, opportunities, threats, challenges, risks, market dynamics, market share as well as entry barriers in this detailed research report.

Small arms, generally known as firearms or guns, are deadly weapons that may be carried by a person and used for personal defense. They employ explosives to discharge shots, bullets, or other projectiles. In addition to their parts, components, and ammunition, they cover both handguns (revolvers and self-loading pistols) and long weapons, such as rifles and carbines, sub-machine guns, assault rifles, and light machine guns.

Handguns such pistols and revolvers, rifles including assault rifles and sniper rifles, shotguns, and machine guns are in high demand throughout North America, Europe, and the Middle East. In recent years, there has been a surge in the usage of weapons in a variety of end user applications, including the military, law enforcement, and commercial. Small guns with cutting-edge technology have become more prevalent due to the rising demand. Different types of guns are being developed and released by firearms manufacturers in an effort to draw in more consumers and open up new revenue streams. Major firms in this business are always conducting R&D to create small guns with improved accuracy, mobility, and lethality.

Since the Cold War ended, the small weapons industry has piqued the interest of defense, homeland security, and law enforcement organizations all over the world. In recent years, little arms have come to be seen as the center of psychological oppressor and non-state entertainment gatherings, regardless of the armaments trade. People use small arms for hunting, recreational, paramilitary, and military purposes. Guns are made of steel, with certain components made of wood and Bakelite. Polymers are replacing metal because they can swiftly erase weapon markings. Key manufacturers have reportedly used modern technology including modular constructions and microstamping procedures. Due to the advent of modular weapon design, it is now feasible to attach accessory parts for weapons. Increased terrorist activity, armed conflict, and cross-border conflict are anticipated to fuel market expansion throughout the anticipated timeframe. The sector will develop as more shooting ranges and hunting opportunities become available.

Some prominent players of the market are Sturm, Ruger & Co., Inc, Herstal Group., Beretta, Colt’S Manufacturing Company Llc, Smith & Wesson, Sig Sauer, Heckler & Koch Gmbh, Israel Weapons Industry (Iwi), Kalashnikov Group, Glock Ges.M.B.H., Èeská Zbrojovka A.S., Freedom Group, Norinco, Barrett, Accuracy International, Steyr Arms, Carl Walther Gmbh, O. F. Mossberg & Sons, Inc, Daniel Defense Inc, and others.

The small arms market report has been segmented by type, technology, caliber, cutting type, firing systems, application, action and region.

Based on type, the market is bifurcated into pistol, revolver, rifle, machine gun, shotgun, others.

Among these, the pistol subsegment is anticipated to held a significant share in the market owing to the growing demand for pistols and revolvers for personal protection, hunting, shooting sports, and other activities. The demand for pistols would grow throughout the projected period due to rising security concerns brought on by political unrest, border disputes, and other issues. However, the rifles category is predicted to increase at the second-fastest rate in the market owing to growing number of modern rifles being purchased for use by the military and homeland security professionals.

On the basis of technology, the market is categorized into guided and unguided.

The unguided subsegment is expected to held a remarkable share in the market. Unguided small-arms and light-weapon ammunition manufacture doesn't necessarily need a complex technical infrastructure. Many of the production-related machinery, such as that used to make cartridge casings and bullets, is also employed in other sorts of metal-processing operations. The widespread deployment of ammunition manufacturing capacity across the world has been facilitated by the low technological entry-barrier for small weapons ammunition manufacture.

Based on caliber, the market is bifurcated into 5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, others.

The 5.56mm calibre subsegment is expected to held a notable share in the market owing to the growing use of 5.56mm-caliber small weapons. Armed forces have shifted their emphasis from shooting to kill to shooting to injure, which has led to the high demand for this calibre. The most used calibre type for rifle ammunition worldwide, this cartridge has a variety of military and civil designations. Assault rifles and pistols designed after assault rifles in the 5.56mm calibre are widely available across the world.

On the basis of cutting type, the market is segregated into smooth bore and threaded.

Among these two, the threaded subsegment is predicted to held a notable share in the market. Military and law enforcement organizations are purchasing more advanced sniper and assault rifles. Additionally, there are several advantages of threaded bore including, it makes it easier to disassemble the firearm for cleaning or maintenance, it could provide a tighter seal between the suppressor and barrel, which might lessen noise signature and compared to non-threaded barrels, threaded barrels can provide improved precision and accuracy.

On the basis of firing systems, the market is divided into gas-operated, recoil-operated, manually-operated.

Among these, the gas operated subsegment is expected to held a remarkable share in the market. Gas operated actions, often known as automatic or self-loading gun systems that cycle the action after each shot using the high-pressure powder gases generated by the bursting cartridge, are very ancient. Because they use the recoil impulse to cycle the gun, most other effective automatic gun actions have maturation periods that are substantially shorter than theirs. Most gas driven actions offered higher accuracy than recoil operated actions due to the maintenance of a fixed barrel and a little lighter build due to the lack of a long barrel jacket need. Today, gas powered actions predominate in the majority of hand-held and mounted long small guns, increasingly displacing the remaining few older weapons that still use recoil or delayed blowback.

Based on application, the market is categorized into defense and civil & commercial.

Among these, the defense subsegment is expected to held a notable share in the market owing to technological developments in combat operations and rising defense expenditure globally and will continue its dominance during the projected period. In addition, the defense sector has had particularly modest market growth as a result of plans for military modernization and year-over-year increases in defense spending. Global defense forces have been modernized by obtaining new weaponry as a result of rising terrorism, international wars, and the evolving nature of warfare.

Based on application, the market is categorized into defense and civil & commercial.

Among these, the defense subsegment is expected to held a notable share in the market owing to technological developments in combat operations and rising defense expenditure globally and will continue its dominance during the projected period. In addition, the defense sector has had particularly modest market growth as a result of plans for military modernization and year-over-year increases in defense spending. Global defense forces have been modernized by obtaining new weaponry as a result of rising terrorism, international wars, and the evolving nature of warfare.

Based on region, the Small Arms Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2022, the Europe accounted for the significant share xx.xx% in the global Small Arms Market. This region was valued at USD xx.xx million in 2022, and it is projected to grow at a CAGR of xx.xx% during the forecast period, reaching USD xx.xx million by 2032.

North America has the biggest demand and growth potential for small weapons, owing to rising defense spending in the area, as well as an increase in gun violence, which is driving both law enforcement and civilian segments to acquire small guns for counter-terrorism and self-defense applications, respectively. The demand for small guns in the North American area has also increased dramatically as recreational and hunting activities among civilians become more and more popular. Major small arms market participants are receiving a number of contracts from North American nations for the delivery of small arms, which is fueling the expansion of the small arms market in the area.

The Asia Pacific market would grow significantly throughout the predicted period. The expansion of the industry is being fueled by rising international hostilities and terrorist operations throughout Asia. The market is growing as a result of increased military modernization programmes and rising defense spending in South Korea, Australia, China, and India.