Small Arms - Global Strategic Business Report

The global market for Small Arms was valued at US$9.9 Billion in 2024 and is projected to reach US$11.6 Billion by 2030, growing at a CAGR of 2.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Small Arms Market - Key Trends and Drivers Summarized

Small arms refer to lightweight, portable firearms that can be operated by individual personnel. These typically include handguns such as pistols and revolvers, shoulder arms like rifles and carbines, and other personal weapons such as shotguns and submachine guns. Small arms are distinct from heavier military artillery and crew-served weapons systems due to their direct use by a single operator. They play crucial roles in a variety of settings, from military and law enforcement scenarios to sporting and personal defense contexts. The effectiveness of small arms is determined not only by their design and manufacturing quality but also by their ease of use, reliability under different conditions, accuracy, and lethality. These weapons are subject to strict regulatory controls in many countries, reflecting their potential impact on public safety.

In the military and law enforcement sectors, the demand for small arms has been consistently robust, driven by the need for modernization of equipment and the regular procurement cycles associated with defense and security operations. Innovations in small arms technologies have included enhancements in firearm ergonomics, recoil reduction, and the integration of electronic and digital systems such as smart scopes and tracking systems. These improvements aim to increase the tactical efficiency of the firearms under a range of operational conditions. Additionally, the civilian market for small arms has seen substantial growth, influenced by rising interest in personal safety and sport shooting. This sector's expansion is also fueled by the legal frameworks that regulate the ownership and use of firearms, varying significantly from one country to another, thus influencing market dynamics.

The growth in the small arms market is driven by several factors, including geopolitical tensions, national defense modernization programs, and the increasing popularity of shooting sports. Heightened security concerns and global conflicts necessitate continuous updates and replacements of outdated firearms in both military and law enforcement arsenals, fostering a steady demand for new and advanced weaponry. Moreover, technological advancements such as lightweight composite materials for gun bodies and enhanced precision mechanisms contribute significantly to product development and consumer interest. Furthermore, consumer behavior towards enhanced personal security has led to increased firearm purchases among civilians, underpinning market growth.

Scope of the Study

The report analyzes the Small Arms market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments:

Type (Rifle, Pistol, Shotgun, Revolver, Other Types); End-Use (Military, Law Enforcement, Other End-Uses).

Geographic Regions/Countries:

World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Rifle segment, which is expected to reach US$6.4 Billion by 2030 with a CAGR of a 2.9%. The Pistol segment is also set to grow at 2.5% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $4.0 Billion in 2024, and China, forecasted to grow at an impressive 3.4% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as BAE Systems PLC, General Dynamics Corporation, BAE Systems, Inc., GC Precision Developments Pty Limited, Browning and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Small Arms Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Small Arms Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Small Arms Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 93 major companies featured in this Small Arms market report include:

• BAE Systems PLC
• General Dynamics Corporation
• BAE Systems, Inc.
• GC Precision Developments Pty Limited
• Browning
• Heckler & Koch GmbH
• Colt's Manufacturing Company, LLC
• Glock Ges.M.B.H
• Herstal SA
• Daniel Defense, Inc.
• Indumil
• Enjo Sports Inc.
• Barrett Firearms Mfg., Inc.
• Caesar Guerini srl
• Browning International S.A.