The global market for Small Arms is estimated at US$9.6 Billion in 2023 and is projected to reach US$11.6 Billion by 2030, growing at a CAGR of 2.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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 Heightened security concerns and global conflicts necessitate continuous updates and replacements of outdated firearms in both military and law enforcement arsenals, fostering a steady demand for new and advanced weaponry.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.
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 Heightened security concerns and global conflicts necessitate continuous updates and replacements of outdated firearms in both military and law enforcement arsenals, fostering a steady demand for new and advanced weaponry.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.
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, estimated at $3.9 Billion in 2023, and China, forecasted to grow at an impressive 3.5% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Small Arms Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Small Arms Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Small Arms Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 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., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 93 Featured):
- 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.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- 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.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 302 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 9.6 Billion |
Forecasted Market Value ( USD | $ 11.6 Billion |
Compound Annual Growth Rate | 2.7% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |