Evolve Business Intelligence has published a research report on the Global Small Arms Market, 2024–2034. The global Small Arms Market is projected to exhibit a CAGR of around 4.51% during the forecast period of 2024 to 2034.
Evolve Business Intelligence has recognized the following companies as the key players in the global Small Arms Market: Colt’s Manufacturing, Sig Sauer, Steyr Arms, Remington Outdoor Company, Smith & Wesson, Daniel Defense Inc, Israel Weapons Industry, Heckler & Koch Gmbh, GLOCK Ges.m.b.H and Kalashnikov Group.
Market Highlights
The Global Small Arms Market is projected to be valued at USD 13.01 Billion by 2034, recording a CAGR of around 4.51% during the forecast period. The Small Arms Market refers to the global industry involved in the production, distribution, and sales of firearms that can be carried and operated by a single individual. These include weapons such as pistols, revolvers, rifles, carbines, shotguns, submachine guns, and assault rifles.
The factors influencing market include government regulations, geopolitical tensions, military modernization programs, and civilian demand for self-defense weapons. Technological advancements, such as smart guns and lightweight materials, also impact the growth of the market.
Segmental Analysis
The global Small Arms Market has been segmented based on Firing System, Type, Caliber and End Use.
Based on Firing System, the Small Arms Market is segmented into Gas-operated, Recoil-operated and Manual. The Recoil-operated segment is anticipated to dominate the market.
Based on Type, the global Small Arms Market has been divided into Pistol, Revolver, Rifles and Others. The Rifles segment is anticipated to dominate the market.
Based on Caliber, the global Small Arms Market has been divided into 9mm, 5.56mm, 7.62mm, 12.7mm, 14.5mm and Others. The 5.56mm segment is anticipated to dominate the market.
Based on End Use, the global Small Arms Market has been divided into Defense and Civil & Commercial. The Civil & Commercial management segment is anticipated to dominate the market.
More Information: https://evolvebi.com/report/small-arms-market-analysis/
Regional Analysis
The Small Arms Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America, particularly the United States, is the largest and most developed defense cybersecurity market. North America, particularly the U.S., is the largest market for small arms due to high civilian ownership, strong defense spending, and a large law enforcement sector and Strong civilian demand for personal protection, hunting, and recreational shooting. Europe has a mature small arms market with both military and civilian segments, though regulations are generally stricter compared to North America and growing focus on military modernization in response to rising geopolitical tensions, especially in Eastern Europe. The Asia-Pacific region is experiencing rapid growth due to increased defense spending and modernization efforts by countries like India, China, Japan, and South Korea and Import restrictions and local manufacturing preferences in countries like India. The Middle East is a key market for small arms due to high defense budgets and ongoing conflicts, while Africa is seeing growth in security and law enforcement needs and Military modernization programs and increased security spending in countries like Saudi Arabia, UAE, and Israel. Latin America has a strong demand for small arms, primarily for law enforcement, civilian use, and military operations and it has high crime rates and public safety concerns boost civilian demand for self-defense firearms.