Share
Small Arms Market Size, Share, and Analysis, By Type (Pistol, Revolver, Rifles, Shotgun, Machine Gun, Others), By Caliber (9mm, 5.56mm, 7.62mm, 12.7mm, 14.5mm, Others), By Cutting Type (Smooth Bore, Threaded/Rifles), By Firing System (Gas-Operated, Recoil-Operated, Manual), By Technology (Guided, Unguided), By Action (Semi-automatic, Automatic), By End-Use (Defense and Homeland Security, Self-Defense, Sports, Hunting, Law Enforcement) and Regional Forecasts, 2022-2032
The Small Arms market size was USD 8.44 billion in 2021 and projected to grow from USD 9.1 billion in 2023 to USD 12.9 billion by 2032, exhibiting a CAGR of 3.9% during the forecast period.
Small arms are referred as guns or firearms and are portable harmful weapons for individual use. They can launch a bullet, shot, or missiles by action of explosive. They include revolvers, self-loading pistols and long guns called as rifles and carbines, sub-machine guns, assault rifles, & light machine guns, along with their components & parts. Replicas & Antiques are generally excluded.
Small Arms Market is expected to project a CAGR of 3.9% during the forecast period, 2022-2032
The small arms Market is expected to reach USD 12.9 billion at a CAGR of 3.9% during forecast period owing to the rising interest from defense, military, hunting, paramilitary, security, sports activities and law enforcement agencies throughout the world. Small arms are viewed as the non-state entertainer gatherings. The material used for manufacturing these firearms is steel along with wood for some parts. During the projected period, increased terrorist activities, armed conflicts, and cross-border conflicts are expected to fuel market expansion. An increase in activities related to hunting and shooting ranges will help the market to grow. The interest towards innovation in the weaponry industry is increasing owing to the arms manufacturers to modernize their weapons and to design them using lighter materials which are harder to damage.
Get More Information - Download Free SamplePistol, Revolver segment is expected to grow with high CAGR during the forecast period
Small Arms Market is classified based on the Type into Pistol, Revolver, Rifles, Shotgun, Machine Gun, Others. Pistol, Revolver segment dominated the market in 2021 and is also expected to grow during the forecast period owing to the increasing necessity of pistols and revolvers for personal safety, shooting sports activities, hunting etc. Handguns include both pistols and revolvers. The rising safety concerns due to cross-border conflicts, political issues, and other factors would increase the growth of this segment.
Defense & Homeland Security segment is expected to grow during forecast period
Small Arms Market is classified based on the End-Use into defense & homeland security, self-defense, sports, hunting, and law enforcement. Defense & homeland security segment is expected to grow with high market share during the forecast period owing to the modernization plans of military and increases in defense expenditure. Rising cross-border conflicts, terrorism resulted in modernization of defense by procuring new weapons which is expected to drive the market growth.
Get More Information - Download Free SampleGrowth Drivers
Increasing Demand for Weapons is Expected to Boost the Growth of the Market
The demand for sports related weapons is increasing which are not harmful like rifle, shotgun & pistol. These sports activities are rising due to the competitive and recreational purposes. The difference in technology makes the guns different from using as sports related or as lethal. Sports guns weigh lighter & are comfortable to use. The increase in participation in various shooting sports is leading to the growth of the small arms market.
Rising Conflicts May Boost the Market Growth
The world is witnessing an increase in conflicts and wars pertaining to various issues. Increasing terrorist activities and conflicts are expected to increase the demand for weapons leading to growth of the market. Several nations across the world are preferring to buy arms to counter terrorism & prevent anti-national activities. Citizens in few nations are carrying guns for their self-defense which is expected to propel growth of the global small arms market during the forecast period.
Restraint
Non- Compliance with Regulations May Hamper Market Growth
The evolution of small arms market is opposed by variations in rules between countries like Import-export controls, anti-corruption laws, technology transfers which are influenced by economic, political & legal considerations. Not adhering with the standards may impact activities resulting in decrease of market revenue.
Recent Developments:
(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Small Arms Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America held the largest market share in 2021, owing to the increased demand from the countries in this region and increased spending on procurement of new small arms. Increasing sporting and hunting activities by the people in this region and the presence of key market players of Small Arms in this region is estimated to grow the market share in the region. The demand for small arms in the region is increasing due to the procurement of weapons by people for their self- protection purpose will drive the market growth.
Get More Information - Download Free SampleDue to the severe impact of widespread of COVID-19, Small Arms Market experienced a decline in the supply for sports applications as there were no recreational activities due to the lockdown and social distancing restrictions. The disruptions in manufacturing and supply chains had impacted all the markets leading to downfall of the economy. Most of small arms manufacturing industries have been shut down, leading to the negative impact on the growth of market.
Small Arms Market is further segmented by region into:
Small Arms Market report also contains analysis on:
Small Arms Market Segments:
|
Report Attribute
|
Details
|
|
Market size value in 2021 |
USD 8.44 billion |
|
Revenue forecast in 2032 |
USD 12.9 billion |
|
Growth Rate
|
CAGR of 3.9 % from 2022 to 2032
|
|
Base year for estimation |
2021
|
|
Quantitative units
|
Revenue in USD billion and CAGR from 2022 to 2032
|
|
Report coverage
|
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|
|
Segments covered
|
Caliber, Type, Cutting Type, Firing System, Technology, Action, End use and Region
|
|
Regional scope
|
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
|
|
Key companies profiled
|
Accuracy International Ltd., Arsenal 2000 JSCo., Beretta Holding S.p.A., Ceská zbrojovka a.s., Colt's Manufacturing Company, LLC, SIG Sauer GmbH & Co. KG, Israel Weapon Industries (IWI) Ltd., Heckler & Koch GmbH, Daniel Defense LLC, Sturm Ruger & Company, Inc., FN Herstal, Glock Ges.m.b.H., Steyr Arms GmbH, Smith & Wesson Brands, Inc, Kalashnikov Group and Other Prominent Players |
Small Arms Market size was estimated at USD 8.44 billion in 2021 and is expected to reach USD 12.9 billion in 2032.
Small arms are referred as guns or firearms and are portable harmful weapons for individual use. They can launch a bullet, shot, or missiles by action of explosive.
Pistol, Revolver and Defense & Homeland Security Furnace segment accounted for the largest Small Arms market share
Key players: Accuracy International Ltd., Arsenal 2000 JSCo., Beretta Holding S.p.A., Ceská zbrojovka a.s., Colt's Manufacturing Company, LLC, SIG Sauer GmbH & Co. KG, Israel Weapon Industries (IWI) Ltd., Heckler & Koch GmbH, Daniel Defense LLC, Sturm Ruger & Company, Inc., FN Herstal, Glock Ges.m.b.H., Steyr Arms GmbH, Smith & Wesson Brands, Inc, Kalashnikov Group and Other Prominent Players are the key players in the Small Arms Market
Increasing demand for weapons and Increasing conflicts are the factors driving the Small Arms market.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
