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Small Arms Market By Type, By Action, By End Use Sector: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 374 Pages
  • September 2023
  • Region: Global
  • Allied Market Research
  • ID: 5521601
Description Jump to:
Small arms are specialized weapons used by any individual for self-defense as well as for recreational purposes. In addition, military and law enforcement personnel also make use of small arms for carrying out their respective operations. Small arms consist of various firearms such as pistol, shotgun, revolver, rifle, and other related systems. Sports events, hunting activities, and self-defense are the prominent application areas of small arms, and it is expected to be a lucrative opportunity in the upcoming years. Governments across the globe have introduced regulations and rules for small arms solution acquisition and usage activities. Growth in the adoption of small arms solutions in sport events and the increase in requirements of small arms for self-defense applications are crucial factors that support growth for small arms across the globe.

Small arms are the type of weapons carried out by individuals and handled easily for effective desired operations. Small arms mainly include pistols, rifles, shotguns, machine guns, and revolvers. Small arms find their application across civil & commercial and defense sectors. Government regulations and rules have been imposed by several regulators to control the acquisition of small arms across the globe. The rise in demand for small arms for competitive sporting events and growth in the number of territorial conflicts across the globe are anticipated to support the growth of the market. Agreements and contracts with law enforcement and military agencies and product launch activities are the key strategies adopted by the market players. North America is the leading consumer of small arms in the global market, and it is expected to lead the market growth.

Moreover, leading manufacturers invest heavily in R&D to develop firearms that are more accurate, reliable, and user-friendly. R&D efforts focus on materials science, ergonomics, & incorporating advanced technologies such as smart optics and integrated electronic systems. Smart optics, such as red dot sights and holographic sights, provide enhanced aiming and targeting capabilities. These optics projects illuminated reticles onto the user's field of view, allowing for rapid and precise target acquisition. R&D efforts in the firearms industry are focused on improving accuracy, reliability, and user-friendliness through multiple avenues.

The small arms market is segmented on the basis of type, action, end-use sector and region. By type, it is categorized into pistol, shotgun, revolver, and others. Depending on action, it is fragmented into automatic and semi-automatic. Depending on the end-use sector, the market is segregated into civil & commercial and defense. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Leading players and their key business strategies have been analyzed in the report to gain a competitive insight into the market. Key players covered in the report include CZG - Ceská zbrojovka Group SE, Fabbrica d'Armi Pietro Beretta S.P.A., FN Herstal, Heckler & Koch, ISRAEL WEAPON INDUSTRIES (I.W.I) LTD, Smith & Wesson Brands, Inc., Sturm, Ruger & Co., Inc., Taurus International Manufacturing, Inc., Webley & Scott, and Weihrauch & Weihrauch Sport GmbH & Co. KG.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the small arms market analysis from 2022 to 2032 to identify the prevailing small arms market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the small arms market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global small arms market trends, key players, market segments, application areas, and market growth strategies.

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Key Market Segments

By Type

  • Pistol
  • Shotgun
  • Revolver
  • Others

By Action

  • Automatic
  • Semi Automatic

By End Use Sector

  • Civil and Commercial
  • Defense

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • Spain
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • Key Market Players
  • Taurus International Manufacturing, Inc.
  • Colt CZ Group SE
  • FN Herstal
  • SMITH & WESSON BRANDS, INC.
  • WEBLEY & SCOTT
  • ISRAEL WEAPON INDUSTRIES (I.W.I) LTD.
  • Fabbrica d'Armi Pietro Beretta S.p.A.
  • STURM, RUGER & CO., INC.
  • WEIHRAUCH & WEIHRAUCH SPORT GMBH & CO. KG
  • Heckler & Koch

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Porter’s five forces analysis
3.4. Market dynamics
CHAPTER 4: SMALL ARMS MARKET, BY TYPE
4.1. Overview
4.2. Pistol
4.3. Shotgun
4.4. Revolver
4.5. Others
CHAPTER 5: SMALL ARMS MARKET, BY ACTION
5.1. Overview
5.2. Automatic
5.3. Semi Automatic
CHAPTER 6: SMALL ARMS MARKET, BY END USE SECTOR
6.1. Overview
6.2. Civil and Commercial
6.3. Defense
CHAPTER 7: SMALL ARMS MARKET, BY REGION
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. LAMEA
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. Colt CZ Group SE
9.2. Fabbrica d'Armi Pietro Beretta S.p.A.
9.3. FN Herstal
9.4. ISRAEL WEAPON INDUSTRIES (I.W.I) LTD.
9.5. SMITH & WESSON BRANDS, INC.
9.6. STURM, RUGER & CO., INC.
9.7. Taurus International Manufacturing, Inc.
9.8. WEBLEY & SCOTT
9.9. WEIHRAUCH & WEIHRAUCH SPORT GMBH & CO. KG
9.10. Heckler & Koch
List of Tables
Table 01. Global Small Arms Market, by Type, 2022-2032 ($ Million)
Table 02. Small Arms Market for Pistol, by Region, 2022-2032 ($ Million)
Table 03. Small Arms Market for Shotgun, by Region, 2022-2032 ($ Million)
Table 04. Small Arms Market for Revolver, by Region, 2022-2032 ($ Million)
Table 05. Small Arms Market for Others, by Region, 2022-2032 ($ Million)
Table 06. Global Small Arms Market, by Action, 2022-2032 ($ Million)
Table 07. Small Arms Market for Automatic, by Region, 2022-2032 ($ Million)
Table 08. Small Arms Market for Semi Automatic, by Region, 2022-2032 ($ Million)
Table 09. Global Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 10. Small Arms Market for Civil and Commercial, by Region, 2022-2032 ($ Million)
Table 11. Small Arms Market for Defense, by Region, 2022-2032 ($ Million)
Table 12. Small Arms Market, by Region, 2022-2032 ($ Million)
Table 13. North America Small Arms Market, by Type, 2022-2032 ($ Million)
Table 14. North America Small Arms Market, by Action, 2022-2032 ($ Million)
Table 15. North America Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 16. North America Small Arms Market, by Country, 2022-2032 ($ Million)
Table 17. U.S. Small Arms Market, by Type, 2022-2032 ($ Million)
Table 18. U.S. Small Arms Market, by Action, 2022-2032 ($ Million)
Table 19. U.S. Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 20. Canada Small Arms Market, by Type, 2022-2032 ($ Million)
Table 21. Canada Small Arms Market, by Action, 2022-2032 ($ Million)
Table 22. Canada Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 23. Mexico Small Arms Market, by Type, 2022-2032 ($ Million)
Table 24. Mexico Small Arms Market, by Action, 2022-2032 ($ Million)
Table 25. Mexico Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 26. Europe Small Arms Market, by Type, 2022-2032 ($ Million)
Table 27. Europe Small Arms Market, by Action, 2022-2032 ($ Million)
Table 28. Europe Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 29. Europe Small Arms Market, by Country, 2022-2032 ($ Million)
Table 30. UK Small Arms Market, by Type, 2022-2032 ($ Million)
Table 31. UK Small Arms Market, by Action, 2022-2032 ($ Million)
Table 32. UK Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 33. Germany Small Arms Market, by Type, 2022-2032 ($ Million)
Table 34. Germany Small Arms Market, by Action, 2022-2032 ($ Million)
Table 35. Germany Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 36. Spain Small Arms Market, by Type, 2022-2032 ($ Million)
Table 37. Spain Small Arms Market, by Action, 2022-2032 ($ Million)
Table 38. Spain Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 39. France Small Arms Market, by Type, 2022-2032 ($ Million)
Table 40. France Small Arms Market, by Action, 2022-2032 ($ Million)
Table 41. France Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 42. Rest of Europe Small Arms Market, by Type, 2022-2032 ($ Million)
Table 43. Rest of Europe Small Arms Market, by Action, 2022-2032 ($ Million)
Table 44. Rest of Europe Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 45. Asia-Pacific Small Arms Market, by Type, 2022-2032 ($ Million)
Table 46. Asia-Pacific Small Arms Market, by Action, 2022-2032 ($ Million)
Table 47. Asia-Pacific Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 48. Asia-Pacific Small Arms Market, by Country, 2022-2032 ($ Million)
Table 49. China Small Arms Market, by Type, 2022-2032 ($ Million)
Table 50. China Small Arms Market, by Action, 2022-2032 ($ Million)
Table 51. China Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 52. India Small Arms Market, by Type, 2022-2032 ($ Million)
Table 53. India Small Arms Market, by Action, 2022-2032 ($ Million)
Table 54. India Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 55. Japan Small Arms Market, by Type, 2022-2032 ($ Million)
Table 56. Japan Small Arms Market, by Action, 2022-2032 ($ Million)
Table 57. Japan Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 58. South Korea Small Arms Market, by Type, 2022-2032 ($ Million)
Table 59. South Korea Small Arms Market, by Action, 2022-2032 ($ Million)
Table 60. South Korea Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 61. Rest of Asia-Pacific Small Arms Market, by Type, 2022-2032 ($ Million)
Table 62. Rest of Asia-Pacific Small Arms Market, by Action, 2022-2032 ($ Million)
Table 63. Rest of Asia-Pacific Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 64. LAMEA Small Arms Market, by Type, 2022-2032 ($ Million)
Table 65. LAMEA Small Arms Market, by Action, 2022-2032 ($ Million)
Table 66. LAMEA Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 67. LAMEA Small Arms Market, by Country, 2022-2032 ($ Million)
Table 68. Latin America Small Arms Market, by Type, 2022-2032 ($ Million)
Table 69. Latin America Small Arms Market, by Action, 2022-2032 ($ Million)
Table 70. Latin America Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 71. Middle East Small Arms Market, by Type, 2022-2032 ($ Million)
Table 72. Middle East Small Arms Market, by Action, 2022-2032 ($ Million)
Table 73. Middle East Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 74. Africa Small Arms Market, by Type, 2022-2032 ($ Million)
Table 75. Africa Small Arms Market, by Action, 2022-2032 ($ Million)
Table 76. Africa Small Arms Market, by End Use Sector, 2022-2032 ($ Million)
Table 77. Colt Cz Group Se: Key Executives
Table 78. Colt Cz Group Se: Company Snapshot
Table 79. Colt Cz Group Se: Product Segments
Table 80. Colt Cz Group Se: Product Portfolio
Table 81. Colt Cz Group Se: Key Stratergies
Table 82. Fabbrica D'armi Pietro Beretta S.P.A.: Key Executives
Table 83. Fabbrica D'armi Pietro Beretta S.P.A.: Company Snapshot
Table 84. Fabbrica D'armi Pietro Beretta S.P.A.: Product Segments
Table 85. Fabbrica D'armi Pietro Beretta S.P.A.: Product Portfolio
Table 86. Fabbrica D'armi Pietro Beretta S.P.A.: Key Stratergies
Table 87. Fn Herstal: Key Executives
Table 88. Fn Herstal: Company Snapshot
Table 89. Fn Herstal: Product Segments
Table 90. Fn Herstal: Product Portfolio
Table 91. Fn Herstal: Key Stratergies
Table 92. Israel Weapon Industries (I.W.I) Ltd.: Key Executives
Table 93. Israel Weapon Industries (I.W.I) Ltd.: Company Snapshot
Table 94. Israel Weapon Industries (I.W.I) Ltd.: Product Segments
Table 95. Israel Weapon Industries (I.W.I) Ltd.: Product Portfolio
Table 96. Israel Weapon Industries (I.W.I) Ltd.: Key Stratergies
Table 97. Smith & Wesson Brands, Inc.: Key Executives
Table 98. Smith & Wesson Brands, Inc.: Company Snapshot
Table 99. Smith & Wesson Brands, Inc.: Product Segments
Table 100. Smith & Wesson Brands, Inc.: Product Portfolio
Table 101. Smith & Wesson Brands, Inc.: Key Stratergies
Table 102. Sturm, Ruger & Co. Inc.: Key Executives
Table 103. Sturm, Ruger & Co. Inc.: Company Snapshot
Table 104. Sturm, Ruger & Co. Inc.: Product Segments
Table 105. Sturm, Ruger & Co. Inc.: Product Portfolio
Table 106. Sturm, Ruger & Co. Inc.: Key Stratergies
Table 107. Taurus International Manufacturing, Inc.: Key Executives
Table 108. Taurus International Manufacturing, Inc.: Company Snapshot
Table 109. Taurus International Manufacturing, Inc.: Product Segments
Table 110. Taurus International Manufacturing, Inc.: Product Portfolio
Table 111. Taurus International Manufacturing, Inc.: Key Stratergies
Table 112. Webley & Scott: Key Executives
Table 113. Webley & Scott: Company Snapshot
Table 114. Webley & Scott: Product Segments
Table 115. Webley & Scott: Product Portfolio
Table 116. Webley & Scott: Key Stratergies
Table 117. Weihrauch & Weihrauch Sport GmbH & Co. Kg: Key Executives
Table 118. Weihrauch & Weihrauch Sport GmbH & Co. Kg: Company Snapshot
Table 119. Weihrauch & Weihrauch Sport GmbH & Co. Kg: Product Segments
Table 120. Weihrauch & Weihrauch Sport GmbH & Co. Kg: Product Portfolio
Table 121. Weihrauch & Weihrauch Sport GmbH & Co. Kg: Key Stratergies
Table 122. Heckler & Koch: Key Executives
Table 123. Heckler & Koch: Company Snapshot
Table 124. Heckler & Koch: Product Segments
Table 125. Heckler & Koch: Product Portfolio
Table 126. Heckler & Koch: Key Stratergies
List of Figures
Figure 01. Small Arms Market, 2022-2032
Figure 02. Segmentation of Small Arms Market, 2022-2032
Figure 03. Top Investment Pockets in Small Arms Market (2023-2032)
Figure 04. Low Bargaining Power of Suppliers
Figure 05. Low Threat of New Entrants
Figure 06. Low Threat of Substitutes
Figure 07. Low Intensity of Rivalry
Figure 08. Low Bargaining Power of Buyers
Figure 09. Global Small Arms Market: Drivers, Restraints and Opportunities
Figure 10. Small Arms Market, by Type, 2022 and 2032 (%)
Figure 11. Comparative Share Analysis of Small Arms Market for Pistol, by Country 2022 and 2032 (%)
Figure 12. Comparative Share Analysis of Small Arms Market for Shotgun, by Country 2022 and 2032 (%)
Figure 13. Comparative Share Analysis of Small Arms Market for Revolver, by Country 2022 and 2032 (%)
Figure 14. Comparative Share Analysis of Small Arms Market for Others, by Country 2022 and 2032 (%)
Figure 15. Small Arms Market, by Action, 2022 and 2032 (%)
Figure 16. Comparative Share Analysis of Small Arms Market for Automatic, by Country 2022 and 2032 (%)
Figure 17. Comparative Share Analysis of Small Arms Market for Semi Automatic, by Country 2022 and 2032 (%)
Figure 18. Small Arms Market, by End Use Sector, 2022 and 2032 (%)
Figure 19. Comparative Share Analysis of Small Arms Market for Civil and Commercial, by Country 2022 and 2032 (%)
Figure 20. Comparative Share Analysis of Small Arms Market for Defense, by Country 2022 and 2032 (%)
Figure 21. Small Arms Market by Region, 2022 and 2032 (%)
Figure 22. U.S. Small Arms Market, 2022-2032 ($ Million)
Figure 23. Canada Small Arms Market, 2022-2032 ($ Million)
Figure 24. Mexico Small Arms Market, 2022-2032 ($ Million)
Figure 25. UK Small Arms Market, 2022-2032 ($ Million)
Figure 26. Germany Small Arms Market, 2022-2032 ($ Million)
Figure 27. Spain Small Arms Market, 2022-2032 ($ Million)
Figure 28. France Small Arms Market, 2022-2032 ($ Million)
Figure 29. Rest of Europe Small Arms Market, 2022-2032 ($ Million)
Figure 30. China Small Arms Market, 2022-2032 ($ Million)
Figure 31. India Small Arms Market, 2022-2032 ($ Million)
Figure 32. Japan Small Arms Market, 2022-2032 ($ Million)
Figure 33. South Korea Small Arms Market, 2022-2032 ($ Million)
Figure 34. Rest of Asia-Pacific Small Arms Market, 2022-2032 ($ Million)
Figure 35. Latin America Small Arms Market, 2022-2032 ($ Million)
Figure 36. Middle East Small Arms Market, 2022-2032 ($ Million)
Figure 37. Africa Small Arms Market, 2022-2032 ($ Million)
Figure 38. Top Winning Strategies, by Year (2020-2023)
Figure 39. Top Winning Strategies, by Development (2020-2023)
Figure 40. Top Winning Strategies, by Company (2020-2023)
Figure 41. Product Mapping of Top 10 Players
Figure 42. Competitive Dashboard
Figure 43. Competitive Heatmap: Small Arms Market
Figure 44. Top Player Positioning, 2022
Figure 45. Colt Cz Group Se: Net Revenue, 2020-2022 ($ Million)
Figure 46. Colt Cz Group Se: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 47. Colt Cz Group Se: Revenue Share by Region, 2022 (%)
Figure 48. Fabbrica D'armi Pietro Beretta S.P.A.: Net Sales, 2020-2022 ($ Million)
Figure 49. Fabbrica D'armi Pietro Beretta S.P.A.: Revenue Share by Segment, 2022 (%)
Figure 50. Fabbrica D'armi Pietro Beretta S.P.A.: Revenue Share by Region, 2022 (%)
Figure 51. Smith & Wesson Brands, Inc.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 52. Smith & Wesson Brands, Inc.: Net Sales, 2020-2022 ($ Million)
Figure 53. Smith & Wesson Brands, Inc.: Revenue Share by Segment, 2022 (%)
Figure 54. Smith & Wesson Brands, Inc.: Revenue Share by Region, 2022 (%)
Figure 55. Sturm, Ruger & Co. Inc.: Net Sales, 2020-2022 ($ Million)
Figure 56. Sturm, Ruger & Co. Inc.: Revenue Share by Segment, 2022 (%)
Figure 57. Taurus International Manufacturing, Inc.: Net Revenue, 2020-2022 ($ Million)
Figure 58. Taurus International Manufacturing, Inc.: Revenue Share by Region, 2022 (%)
Figure 59. Heckler & Koch: Net Revenue, 2020-2022 ($ Million)
Figure 60. Heckler & Koch: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 61. Heckler & Koch: Revenue Share by Region, 2022 (%)
Figure 62. Heckler & Koch: Revenue Share by Segment, 2022 (%)

Executive Summary

According to the report, the small arms market was valued at $8.4 billion in 2022, and is estimated to reach $14.2 billion by 2032, growing at a CAGR of 5.3% from 2023 to 2032 due to growing surge in hunting activities and the modernization of law enforcement agencies.

Small arms are the type of weapons carried out by individuals and handled easily for effective desired operations. Small arms mainly include pistols, rifles, shotguns, machineguns, and revolvers. Small arms find their application across civil & commercial and defense sectors. Government regulations and rules have been imposed by several regulators to control acquisition of small arms across the globe. Rise in demand for small arms for competitive sporting events and growth in number of territorial conflicts across the globe are anticipated to support growth of the small arms market.

The global small arms market is expected to witness significant growth, owing to a rise in cross-border disputes, political unrest, and up gradation of security agencies in various countries. Small arms are crucial sidearm solutions for law enforcement and military officials in tactical missions and related projects. North America is a leader in the small arms market, owing to the changing security outlook and presence of small arms manufacturers across the region. The presence of premier defense equipment manufacturers in North America further increases the contribution of North American countries in the global small arms market. In addition, the civil & commercial segment is witnessing a rise in consumers in the global market and is expected to witness growth throughout the forecast period.

The global small arms market participants are focused on developing their sales footprints by entering into long-term contracts and agreements with military and law enforcement agencies. For instance, In March 2022, Colt’s Manufacturing Co. LLC entered into an agreement with Jordan to co-produce hand small arms such as guns and rifles in the kingdom. This leads to the development of a sustainable and self-sufficient defense industry in the Kingdom by supporting the localization of defense product manufacturing. Further, the integration of smart technologies into firearms presents a significant opportunity for growth. Smart firearms encompass features like biometric locks, electronic safety mechanisms, and integrated electronic aiming systems. These technologies enhance firearm safety, accuracy, and ease of use.

Agreements and contracts with law enforcement and military agencies and product launch activities are the key strategies adopted by the market players. North America is the leading consumer of small arms in the global market, and it is expected to lead market growth. Furthermore, the military and law enforcement sectors in north America and pacific region constitute a significant portion of the small arms market. Armed forces procure small arms to equip their infantry and specialized units. Law enforcement agencies rely on firearms for public safety and crime prevention. These organizations seek firearms that balance performance, reliability, and adaptability to diverse operational environments. Moreover, the civilian market includes individuals who purchase firearms for self-defense, sport shooting, hunting, and collecting. The demand varies on the basis of cultural norms, regulatory frameworks, and individual motivations. Responsible firearm ownership and safety training are emphasized to ensure proper usage and storage.

The small arms market is segmented based on type, action, end-use sector, and region. By type, it is categorized into pistol, shotgun, revolver, and others. Depending on action, it is fragmented into automatic and semi-automatic. Depending on the end-use sector, it is segregated into civil & commercial and defense. Based on region, the market is segmented into North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA) including country-level analysis for each region.

North America and Europe are expected to witness considerable CAGRs of 4.5% and 6.5%, respectively, during the forecast period. Growth of the global small arms market is driven by surge in use of small arms solutions for sports events & hunting activities and modernization of law enforcement agencies in developing countries. Changing nature of warfare and growth in defense expenditure are the key factors that support growth of the small arms market. The major companies profiled in the aircraft galley market include CZG - Ceská zbrojovka Group SE, Fabbrica d'Armi Pietro Beretta S.P.A., FN Herstal, Heckler & Koch, ISRAEL WEAPON INDUSTRIES (I.W.I) LTD, Smith & Wesson Brands, Inc., Sturm, Ruger & Co., Inc., Taurus International Manufacturing, Inc., Webley & Scott, and Weihrauch & Weihrauch Sport GmbH & Co. KG.

Key Market Insights

By Type, the Pistol segment is anticipated to exhibit significant growth in the small arms market in the near future.

By Action, the Automatic segment is projected to exhibit significant growth in the small arms market in the near future.

By End Use Sector, the Civil and Commercial segment is expected to exhibit significant growth in the small arms market in the near future.

By Region, Europe is anticipated to register the highest CAGR during the forecast period.

Companies Mentioned

  • Taurus International Manufacturing, Inc.
  • Colt CZ Group SE
  • FN Herstal
  • SMITH & WESSON BRANDS, INC.
  • WEBLEY & SCOTT
  • ISRAEL WEAPON INDUSTRIES (I.W.I) LTD.
  • Fabbrica d'Armi Pietro Beretta S.p.A.
  • STURM, RUGER & CO., INC.
  • WEIHRAUCH & WEIHRAUCH SPORT GMBH & CO. KG
  • Heckler & Koch

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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