Table of Content

1 INTRODUCTION 46
1.1 OBJECTIVES OF THE STUDY 46
1.2 MARKET DEFINITION 46
1.3 STUDY SCOPE 47
1.3.1 SMALL ARMS MARKET SEGMENTATION 47
1.3.2 REGIONAL SCOPE 47
1.3.3 YEARS CONSIDERED FOR THE STUDY 48
1.4 CURRENCY 48
TABLE 1 USD EXCHANGE RATES 48
1.5 INCLUSIONS AND EXCLUSIONS 49
1.6 MARKET STAKEHOLDERS 49
1.7 SUMMARY OF CHANGES 50
FIGURE 1 SMALL ARMS MARKET TO WITNESS STEADY GROWTH 50

2 RESEARCH METHODOLOGY 51
2.1 RESEARCH DATA 51
FIGURE 2 RESEARCH FLOW 51
FIGURE 3 RESEARCH DESIGN 52
2.1.1 SECONDARY DATA 52
2.1.1.1 Key Secondary Data Sources 53
2.1.2 PRIMARY DATA 53
2.1.2.1 Key data from primary sources 53
FIGURE 4 KEY INSIGHTS FROM PRIMARY SOURCES 54
2.1.2.2 Breakdown of primary interviews 54
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 54
2.2 FACTOR ANALYSIS 55
2.2.1 INTRODUCTION 55
2.2.2 DEMAND-SIDE INDICATORS 55
2.2.2.1 Increasing demand from civilian applications 55
2.2.2.2 Increasing demand for small arms in North America despite COVID-19 crisis 56
2.2.3 SUPPLY-SIDE INDICATORS 56
2.2.3.1 Introduction of lightweight small arms technologies 56
TABLE 2 KEY TECHNOLOGY DEVELOPMENTS IN LIGHTWEIGHT SMALL ARMS 56
2.3 MARKET SIZE ESTIMATION 57
2.3.1 MARKET DEFINITION & SCOPE 57
2.3.1.1 End-use Sector 57
2.3.1.2 By Caliber 57
2.3.1.3 By Type 57
2.3.1.4 By Technology 58
2.3.1.5 By Cutting Type 58
2.3.1.6 By Firing System 58
2.3.1.7 By Action 58
2.4 RESEARCH APPROACH & METHODOLOGY 58
2.4.1 BOTTOM-UP APPROACH 58
2.4.1.1 COVID-19 Impact on Market 59
2.4.1.2 Small arms market for military 59
2.4.1.3 Small arms market for law enforcement 60
2.4.1.4 Small arms market for civil & commercial 60
2.4.1.5 Small arms market size, by segment 61
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 61
2.4.2 TOP-DOWN APPROACH 61
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 61
2.5 MARKET BREAKDOWN & DATA TRIANGULATION 62
FIGURE 8 DATA TRIANGULATION 62
2.6 GROWTH RATE ASSUMPTIONS 63
2.7 RESEARCH ASSUMPTIONS 63
FIGURE 9 ASSUMPTIONS FOR THE RESEARCH STUDY 64
2.8 RISKS 64

3 EXECUTIVE SUMMARY 65
FIGURE 10 CIVIL & COMMERCIAL SMALL ARMS PROJECTED TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 66
FIGURE 11 9MM CALIBER PROJECTED TO DOMINATE DURING FORECAST PERIOD 67
FIGURE 12 RIFLE SEGMENT PROJECTED TO ACCOUNT FOR MAJOR SHARE DURING FORECAST PERIOD 67
FIGURE 13 SMOOTH BORE SEGMENT TO COMMAND LARGEST SHARE DURING FORECAST PERIOD 68
FIGURE 14 GUIDED SMALL ARMS SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 68
FIGURE 15 GAS-OPERATED SMALL ARMS TO HOLD DOMINANT SHARE DURING FORECAST PERIOD 69

4 PREMIUM INSIGHTS 70
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN SMALL ARMS MARKET 70
FIGURE 16 INCREASING DEMAND FOR SMALL ARMS IN CIVIL & COMMERCIAL APPLICATIONS DRIVES MARKET GROWTH 70
4.2 SMALL ARMS MARKET FOR DEFENSE APPLICATIONS 70
FIGURE 17 MILITARY SEGMENT PROJECTED TO LEAD SMALL ARMS MARKET DURING FORECAST PERIOD 70
4.3 SMALL ARMS MARKET FOR CIVIL & COMMERCIAL APPLICATIONS 71
FIGURE 18 SELF-DEFENSE SMALL ARMS TO HOLD MAJOR SHARE DURING FORECAST PERIOD 71
4.4 SMALL ARMS MARKET, BY TYPE 71
FIGURE 19 RIFLE SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF SMALL ARMS MARKET IN 2020 71
4.5 SMALL ARMS MARKET, BY END USER 72
FIGURE 20 CIVIL & COMMERCIAL APPLICATIONS TO LEAD IN SMALL ARMS MARKET DURING FORECAST PERIOD 72

5 MARKET OVERVIEW 73
5.1 INTRODUCTION 73
5.2 MARKET DYNAMICS 73
FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: SMALL ARMS MARKET 74
5.2.1 DRIVERS 74
5.2.1.1 Change in nature of warfare 74
5.2.1.2 Rise in drug trafficking across the globe 75
5.2.1.3 Militarization of police forces 75
5.2.1.4 Geopolitical tensions, territorial conflicts, terrorism, and political unrest in the Middle East and Asia Pacific 76
TABLE 3 GLOBAL TERRORISM INDEX, BY COUNTRY, 2019 76
5.2.1.5 Rising military expenditure, leading to increased arms transfer 77
FIGURE 22 TOP 15 COUNTRIES IN TERMS OF MILITARY EXPENDITURE, 2019 78
FIGURE 23 SHARE OF TOP 10 MAJOR ARMS EXPORTERS, 2015–2019 79
FIGURE 24 SHARE OF TOP 10 MAJOR ARMS IMPORTERS, 2015–2019 79
5.2.1.6 Modernization programs by military forces in major economies 79
5.2.1.7 Increasing civilian use of small arms 80
TABLE 4 US: FEDERAL REGULATIONS ON POSSESSION & DISCHARGE OF FIREARMS 81
5.2.2 RESTRAINTS 81
5.2.2.1 Varying economic, legal, and political regulations affecting the procurement of small arms 81
5.2.3 OPPORTUNITIES 82
5.2.3.1 Increased sale of small arms for self-defense applications in North America during COVID-19 crisis 82
5.2.3.2 Rising investments in development of new and advanced firearms 82
5.2.3.3 Reduction in weight of small arms 82
5.2.3.4 Increasing demand for advanced Modern Sporting Rifles (MSR) for civil and commercial applications in North America 83
TABLE 5 MODERN SPORTING RIFLES (AR-15) PRODUCTION PLUS IMPORTS LESS EXPORTS UNITS, (1990-2017) 83
5.2.4 CHALLENGES 84
5.2.4.1 Proliferation of illicit small arms manufacturers 84
5.2.4.2 International measures such as Arms Trade Treaty (ATT) to control use of small arms 85
5.3 IMPACT OF COVID-19 ON SMALL ARMS MARKET 85
FIGURE 25 IMPACT OF COVID-19 ON SMALL ARMS MARKET 86
5.3.1 DEMAND-SIDE IMPACT 86
5.3.1.1 Key developments from January 2020 to May 2020 86
TABLE 6 KEY DEVELOPMENTS IN SMALL ARMS MARKET FROM JANUARY
2020 TO MAY 2020 87
5.3.2 SUPPLY-SIDE IMPACT 87
5.3.2.1 Key developments from January 2020 to May 2020 88
TABLE 7 KEY DEVELOPMENTS IN SMALL ARMS MARKET FROM JANUARY
2020 TO JULY 2020 88
5.4 RANGES AND SCENARIOS 88
FIGURE 26 IMPACT OF COVID-19 ON SMALL ARMS MARKET: 3 GLOBAL SCENARIOS 89
5.5 SMALL ARMS ECOSYSTEM 89
5.5.1 PROMINENT COMPANIES 89
5.5.2 PRIVATE AND SMALL ENTERPRISES 89
5.5.3 END USERS 89
FIGURE 27 MARKET ECOSYSTEM MAP: SMALL ARMS 90
TABLE 8 SMALL ARMS MARKET: MARKET ECOSYSTEM 90
FIGURE 28 COMPANY CATEGORIZATION, BY PRODUCT OFFERING 92
5.6 VALUE CHAIN ANALYSIS 92
FIGURE 29 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED
DURING THE DISTRIBUTION PHASE 93
5.7 TRENDS/DISRUPTION IMPACTING CUSTOMER’S BUSINESS 93
5.7.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SMALL ARMS MANUFACTURERS 93
FIGURE 30 REVENUE SHIFT IN SMALL ARMS MARKET 94
5.8 PORTER’S FIVE FORCES ANALYSIS 94
TABLE 9 KEY SMALL ARMS MARKET: PORTER’S FIVE FORCE ANALYSIS 94
5.8.1 THREAT OF NEW ENTRANTS 95
5.8.2 THREAT OF SUBSTITUTES 95
5.8.3 BARGAINING POWER OF SUPPLIERS 96
5.8.4 BARGAINING POWER OF BUYERS 96
5.8.5 DEGREE OF COMPETITION 96
5.9 USE CASE ANALYSIS: SMALL ARMS MARKET 96
5.9.1 300 BLACKOUT COMMERCIAL-GRADE FIREARMS SEEING INCREASED ADOPTION BY MAJOR ARMED FORCES 97
5.9.2 DEVELOPMENT OF SUPERIOR 6.8MM AMMUNITION BY US ARMED FORCES TO REPLACE EXISTING 5.56MM AMMUNITION 97
5.10 TRADE ANALYSIS 98
5.10.1 INTRODUCTION 98
FIGURE 31 SHARE OF TOTAL SMALL ARMS EXPORTS, BY TOP EXPORTER, 2014-2016 98
FIGURE 32 FINANCIAL VALUE OF GLOBAL SMALL ARMS, LIGHT WEAPON, AND AMMUNITION EXPORTS, 2014-2016 98
FIGURE 33 FINANCIAL VALUE OF SMALL ARMS, LIGHT WEAPONS, AND AMMUNITION IMPORTS, BY REGION, 2016 99
5.10.2 IMPORT-EXPORT TRENDS: SMALL ARMS, LIGHT WEAPONS, AND AMMUNITIONS 99
5.10.2.1 Imports (small arms, light weapons, and ammunition), 2016 99
TABLE 10 IMPORT DATA, 2016 99
5.10.2.2 Exports (small arms, light weapons, and ammunition), 2016 103
TABLE 11 EXPORT DATA, 2016 103
5.11 GUN LAWS AND REGULATIONS 106
5.12 SELLING PRICE ANALYSIS 107
5.12.1 SELLING PRICE OF PISTOLS, BY MANUFACTURER 107
TABLE 12 SELLING PRICES OF PISTOL, BY MANUFACTURER, 2020 (USD) 107
5.12.2 SELLING PRICE OF RIFLES, BY MANUFACTURER 111
TABLE 13 SELLING PRICE OF RIFLES, BY MANUFACTURER, 2020 (USD) 111
5.12.3 SELLING PRICE OF REVOLVERS, BY MANUFACTURER 113
TABLE 14 SELLING PRICE OF REVOLVERS, BY MANUFACTURER, 2020 (USD) 113
6 INDUSTRY TRENDS 115
6.1 INTRODUCTION 115
6.2 TECHNOLOGY TRENDS 115
6.2.1 POLYMER FRAMES 115
TABLE 15 FIREARMS WITH POLYMER FRAMES 115
6.2.2 3D PRINTED GUN 116
6.2.3 SMART GUNS 116
6.2.4 LIGHTWEIGHT SMALL ARMS TECHNOLOGY 116
6.2.5 METAL INJECTION MOLDING (MIM) TECHNOLOGY 116
6.2.6 CORNER SHOT ASSAULT RIFLES 117
TABLE 16 CORNER SHOT SYSTEM MANUFACTURERS 117
6.2.7 BULL PUP WEAPONS 118
6.2.8 PRECISION-GUIDED FIREARMS 118
6.2.9 ADVANCEMENTS IN BARREL MATERIALS 118
6.3 ADVANCEMENTS IN SMALL ARMS PRODUCTION PROCESS 119
6.3.1 DESIGN AND MANUFACTURING 119
6.3.1.1 Advanced materials 119
6.3.1.2 Improved design 119
6.3.1.3 Efficient production 119
6.3.2 MARKING, RECORD-KEEPING, AND TRACING 119
6.3.2.1 Laser technology 119
6.3.2.2 Micro-stamping 120
6.3.2.3 Improved stockpile management 120
6.4 TECHNOLOGY ANALYSIS 120
6.4.1 HIGH DEMAND FOR PREMIUM AND TECHNOLOGICALLY ADVANCED PRODUCTS 120
6.4.1.1 Rapid adaptive zoom for assault rifles (RAZAR) 120
6.4.1.2 Miniaturized electro-optics for small arms 121
6.5 IMPACT OF MEGATRENDS 121
6.5.1 INTRODUCTION 121
6.6 INNOVATION & PATENT REGISTRATIONS 122
TABLE 17 INNOVATION & PATENT REGISTRATIONS 122

7 SMALL ARMS MARKET, BY END-USE SECTOR 126
7.1 INTRODUCTION 127
FIGURE 34 CIVIL & COMMERCIAL SEGMENT PROJECTED TO LEAD SMALL ARMS MARKET FROM 2020 TO 2025 127
TABLE 18 SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2016–2019 (USD MILLION) 127
TABLE 19 SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 128
7.2 IMPACT OF COVID-19 ON END USERS IN THE SMALL ARMS MARKET 128
7.3 DEFENSE 129
TABLE 20 DEFENSE SMALL ARMS MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 129
7.3.1 MILITARY 129
7.3.1.1 Increased spending on modernization and upgradation of aging small arms inventory boosts procurement of small arms 129
FIGURE 35 LARGEST REPORTED MILITARY FIREARM HOLDING COUNTRIES, 2017 130
TABLE 21 MILITARY SMALL ARMS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 130
7.3.2 LAW ENFORCEMENT 131
7.3.2.1 Militarization of law enforcement agencies to ensure public safety from internal threats boosts segment growth 131
FIGURE 36 LARGEST REPORTED LAW ENFORCEMENT FIREARM HOLDING COUNTRIES, 2017 131
TABLE 22 AVERAGE REGIONAL AND GLOBAL POLICE FIREARMS RATIO 132
TABLE 23 SMALL ARMS MARKET SIZE FOR LAW ENFORCEMENT, BY TYPE,
2020–2025 (USD MILLION) 132
7.4 CIVIL & COMMERCIAL 133
TABLE 24 CIVIL & COMMERCIAL SMALL ARMS MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 133
TABLE 25 CIVIL & COMMERCIAL SMALL ARMS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 133
7.4.1 SPORTING 133
7.4.1.1 Increasing adoption of modern sporting rifles for shooting sports fuels segment growth 133
7.4.2 HUNTING 134
7.4.2.1 Increasing demand for AR-15 style rifles for hunting applications 134
7.4.3 SELF-DEFENSE 134
7.4.3.1 Rising concerns over individual safety during the pandemic leading to increased adoption of personal weapons 134
7.4.4 OTHERS 134
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8 SMALL ARMS MARKET, BY TYPE 135
8.1 INTRODUCTION 136
FIGURE 37 RIFLE SEGMENT PROJECTED TO LEAD SMALL ARMS MARKET FROM
2020 TO 2025 136
TABLE 26 SMALL ARMS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 136
TABLE 27 SMALL ARMS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 137
8.2 PISTOL 137
8.2.1 DEMAND FOR PISTOLS HIGH AMONG LAW ENFORCEMENT AGENCIES 137
TABLE 28 SMALL ARMS MARKET SIZE FOR PISTOL, BY END-USE SECTOR,
2020–2025 (USD MILLION) 137
8.3 REVOLVER 138
8.3.1 USE OF REVOLVERS FOR SELF-DEFENSE INCREASING IN NORTH AMERICA AND EUROPE 138
TABLE 29 SMALL ARMS MARKET SIZE FOR REVOLVER, BY END-USE SECTOR,
2020–2025 (USD MILLION) 138
8.4 RIFLE 138
TABLE 30 SMALL ARMS MARKET SIZE FOR RIFLE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 139
8.4.1 ASSAULT RIFLES 139
8.4.1.1 Growing demand for assault rifles by armed forces across the world 139
8.4.2 SNIPER RIFLES 139
8.4.2.1 Changing warfare tactics have led to procurement of advanced sniper weapon systems 139
8.4.3 OTHERS 140
8.4.3.1 AR-15 platform-based rifles preferred for sporting and hunting across North America and Europe 140
8.5 MACHINE GUN 140
8.5.1 DEMAND FOR LIGHT MACHINE GUNS GROWING IN US AND INDIA 140
TABLE 31 SMALL ARMS MARKET SIZE FOR MACHINE GUN, BY END-USE SECTOR, 2020–2025 (USD MILLION) 140
8.6 SHOTGUN 141
8.6.1 USE OF SHOTGUNS BY CIVILIANS FOR SPORTING AND HUNTING ACTIVITIES ON THE RISE 141
TABLE 32 SMALL ARMS MARKET SIZE FOR SHOTGUN, BY END-USE SECTOR,
2020–2025 (USD MILLION) 141
8.7 OTHERS 141
TABLE 33 MUZZLELOADER IMPORTS IN THE US, BY COUNTRY, 2008-2017 (UNITS) 142
TABLE 34 SMALL ARMS MARKET SIZE FOR OTHERS, BY END-USE SECTOR,
2020–2025 (USD MILLION) 142

9 SMALL ARMS MARKET, BY CALIBER 143
9.1 INTRODUCTION 144
FIGURE 38 9MM SEGMENT PROJECTED TO DOMINATE SMALL ARMS MARKET FROM 2020 TO 2025 144
TABLE 35 SMALL ARMS MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION) 144
TABLE 36 SMALL ARMS MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION) 145
9.1.1 5.56MM 145
9.1.1.1 5.56x45mm - widely used caliber in military applications 145
TABLE 37 5.56MM: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 145
9.1.2 9MM 146
9.1.2.1 9x19mm Parabellum - most preferred handgun caliber by law enforcement agencies across the globe 146
TABLE 38 9MM: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 146
9.1.3 7.62MM 146
9.1.3.1 Increase in procurement of 7.62x51mm from defense forces across the globe 146
TABLE 39 7.62MM: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 146
9.1.4 12.7MM 147
9.1.4.1 12.7mm - majorly used by armed forces 147
TABLE 40 12.7MM: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 147
9.1.5 14.5MM 147
9.1.5.1 Increase in demand for 14.5mm small arms for mounted small arms 147
TABLE 41 14.5MM: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 147
9.1.6 OTHERS 148
TABLE 42 OTHER CALIBERS: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 148

10 SMALL ARMS MARKET, BY CUTTING TYPE 149
10.1 INTRODUCTION 150
FIGURE 39 SMOOTH BORE SEGMENT PROJECTED TO LEAD SMALL ARMS MARKET FROM 2020 TO 2025 150
TABLE 43 SMALL ARMS MARKET SIZE, BY CUTTING TYPE, 2016–2019 (USD MILLION) 150
TABLE 44 SMALL ARMS MARKET SIZE, BY CUTTING TYPE, 2020–2025 (USD MILLION) 150
10.2 SMOOTH BORE 151
10.2.1 GROWING DEMAND FOR HANDGUNS AND SHOTGUNS LEADS TO GROWTH IN SMOOTH BORE SEGMENT 151
10.3 THREADED/RIFLED 151
10.3.1 PROCUREMENT OF ADVANCED THREADED SNIPER AND ASSAULT RIFLES BY MILITARY AND LAW ENFORCEMENT FORCES IS INCREASING 151

11 SMALL ARMS MARKET, BY FIRING SYSTEM 152
11.1 INTRODUCTION 153
FIGURE 40 GAS-OPERATED SMALL ARMS PROJECTED TO LEAD FROM 2020 TO 2025 153
TABLE 45 SMALL ARMS MARKET SIZE, BY FIRING SYSTEM, 2016–2019 (USD MILLION) 153
TABLE 46 SMALL ARMS MARKET SIZE, BY FIRING SYSTEM, 2020–2025 (USD MILLION) 153
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11.2 GAS-OPERATED 154
11.2.1 PROCUREMENT OF HANDGUNS AND RIFLES FEATURING GAS-OPERATED FIRING SYSTEM ON THE RISE 154
11.3 RECOIL-OPERATED 154
11.3.1 USE OF RIFLES FEATURING RECOIL-OPERATED FIRING IS HIGH IN HUNTING AND SHOOTING SPORTS 154
11.4 MANUAL 155
11.4.1 MANUALLY OPERATED FIREARMS WIDELY USED IN CIVILIAN SINGLE-SHOT APPLICATIONS 155
12 SMALL ARMS MARKET, BY TECHNOLOGY 156
12.1 INTRODUCTION 157
FIGURE 41 UNGUIDED SMALL ARMS SEGMENT PROJECTED TO DOMINATE MARKET FROM 2020 TO 2025 157
TABLE 47 SMALL ARMS MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION) 157
TABLE 48 SMALL ARMS MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION) 157
12.2 GUIDED 158
12.2.1 RISING DEMAND OBSERVED FOR RIFLES WITH SCOPES, RED DOTS, AND RANGEFINDERS IN MILITARY APPLICATIONS 158
12.3 UNGUIDED 158
12.3.1 INCREASING USE OF UNGUIDED HANDGUNS AND SHOTGUNS IN CIVIL & COMMERCIAL APPLICATIONS 158
13 SMALL ARMS MARKET, BY ACTION 159
13.1 INTRODUCTION 160
TABLE 49 SMALL ARMS MARKET SIZE, BY ACTION, 2020–2025 (USD MILLION) 160
13.2 SEMI-AUTOMATIC 160
13.2.1 USE OF SEMI-AUTOMATIC SMALL ARMS IS HIGH IN HUNTING AND SPORTING ACTIVITIES 160
13.3 AUTOMATIC 160
13.3.1 USE OF AUTOMATIC RIFLES BY ARMED FORCES INCREASING ACROSS THE WORLD 160
14 REGIONAL ANALYSIS 161
14.1 INTRODUCTION 162
14.2 SMALL ARMS MARKET: THREE GLOBAL SCENARIOS 162
FIGURE 42 GLOBAL SCENARIOS OF SMALL ARMS MARKET 162
FIGURE 43 NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF SMALL ARMS MARKET IN 2020 163
TABLE 50 SMALL ARMS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 163
TABLE 51 SMALL ARMS MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 164
14.3 NORTH AMERICA 164
14.3.1 COVID-19 IMPACT ON NORTH AMERICA 164
14.3.2 PESTE ANALYSIS: NORTH AMERICA 165
FIGURE 44 NORTH AMERICA SMALL ARMS MARKET SNAPSHOT: US TO COMMAND DOMINANT SHARE 166
TABLE 52 NORTH AMERICA: SMALL ARMS VOLUME, 2020–2025 (THOUSAND UNITS) 167
TABLE 53 NORTH AMERICA: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2016–2019 (USD MILLION) 167
TABLE 54 NORTH AMERICA: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 167
TABLE 55 NORTH AMERICA: DEFENSE SMALL ARMS MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 167
TABLE 56 NORTH AMERICA: CIVIL & COMMERCIAL SMALL ARMS MARKET SIZE,
BY APPLICATION, 2020–2025 (USD MILLION) 168
TABLE 57 NORTH AMERICA: SMALL ARMS MARKET SIZE, BY CALIBER,
2016–2019 (USD MILLION) 168
TABLE 58 NORTH AMERICA: SMALL ARMS MARKET SIZE, BY CALIBER,
2020–2025 (USD MILLION) 168
TABLE 59 NORTH AMERICA: SMALL ARMS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 169
TABLE 60 NORTH AMERICA: SMALL ARMS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 169
TABLE 61 NORTH AMERICA: SMALL ARMS MARKET SIZE, BY CUTTING TYPE,
2016–2019 (USD MILLION) 169
TABLE 62 NORTH AMERICA: SMALL ARMS MARKET SIZE, BY CUTTING TYPE,
2020–2025 (USD MILLION) 169
TABLE 63 NORTH AMERICA: SMALL ARMS MARKET SIZE, BY TECHNOLOGY,
2016–2019 (USD MILLION) 170
TABLE 64 NORTH AMERICA: SMALL ARMS MARKET SIZE, BY TECHNOLOGY,
2020–2025 (USD MILLION) 170
TABLE 65 NORTH AMERICA: SMALL ARMS MARKET SIZE, BY FIRING SYSTEM,
2016–2019 (USD MILLION) 170
TABLE 66 NORTH AMERICA: SMALL ARMS MARKET SIZE, BY FIRING SYSTEM,
2020–2025 (USD MILLION) 170
TABLE 67 NORTH AMERICA: SMALL ARMS MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 171
TABLE 68 NORTH AMERICA: SMALL ARMS MARKET SIZE, BY COUNTRY,
2020–2025 (USD MILLION) 171
14.3.3 US 171
14.3.3.1 COVID-19 has led to increased demand for civilian small arms in the US over personal security concerns 171
FIGURE 45 NICS FIREARM BACKGROUND CHECKS WITNESSED SIGNIFICANT INCREASE IN 2020 COMPARED TO PREVIOUS YEARS 172
TABLE 69 SMALL ARMS MANUFACTURED IN US, 1986–2017 (UNITS) 173
TABLE 70 SMALL ARMS EXPORTED FROM US, 1986–2017 (UNITS) 174
TABLE 71 SMALL ARMS IMPORTED INTO US, 1986–2018 (UNITS) 175
TABLE 72 SMALL ARMS IMPORTED INTO US, BY COUNTRY, 2018 (UNITS) 176
FIGURE 46 US: MILITARY SPENDING, 2010–2019 (USD BILLION) 177
TABLE 73 KEY FIREARMS USED BY US ARMED FORCES 177
TABLE 74 KEY FIREARMS USED BY US LAW ENFORCEMENT 177
TABLE 75 US: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2016–2019 (USD MILLION) 177
TABLE 76 US: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 178
TABLE 77 US: DEFENSE SMALL ARMS MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 178
TABLE 78 US: CIVIL & COMMERCIAL SMALL ARMS MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 178
TABLE 79 US: SMALL ARMS MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION) 178
TABLE 80 US: SMALL ARMS MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION) 179
TABLE 81 US: SMALL ARMS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 179
TABLE 82 US: SMALL ARMS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 179
14.3.4 CANADA 180
14.3.4.1 Demand in Canada affected by government ban on 1,500 varieties of assault weapons 180
FIGURE 47 CANADA FIREARM IMPORTS, 2010–2019 (USD MILLION) 181
FIGURE 48 CANADA: FIREARM IMPORTS, BY FIREARM TYPE, 2010–2019 (USD MILLION) 181
FIGURE 49 CANADA: FIREARM IMPORTS, BY FIREARM TYPE, 2010–2019 (UNITS) 182
FIGURE 50 CANADA: MILITARY SPENDING, 2010–2019 (USD BILLION) 182
TABLE 83 KEY FIREARMS USED BY CANADIAN ARMED FORCES 182
TABLE 84 KEY FIREARMS USED BY CANADIAN LAW ENFORCEMENT 183
TABLE 85 CANADA: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2016–2019 (USD MILLION) 183
TABLE 86 CANADA: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 183
TABLE 87 CANADA: DEFENSE SMALL ARMS MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 183
TABLE 88 CANADA: CIVIL & COMMERCIAL SMALL ARMS MARKET SIZE,
BY APPLICATION, 2020–2025 (USD MILLION) 184
TABLE 89 CANADA: SMALL ARMS MARKET SIZE, BY CALIBER,
2016–2019 (USD MILLION) 184
TABLE 90 CANADA: SMALL ARMS MARKET SIZE, BY CALIBER,
2020–2025 (USD MILLION) 184
TABLE 91 CANADA: SMALL ARMS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 185
TABLE 92 CANADA: SMALL ARMS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 185
14.4 EUROPE 185
14.4.1 COVID-19 IMPACT ON EUROPE 186
14.4.2 PESTLE ANALYSIS: EUROPE 186
FIGURE 51 EUROPE SMALL ARMS MARKET SNAPSHOT: GERMANY TO HAVE HIGHEST GROWTH RATE DURING FORECAST PERIOD 188
TABLE 93 EUROPE: SMALL ARMS VOLUME, 2020–2025 (THOUSAND UNITS) 189
TABLE 94 EUROPE: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2016–2019 (USD MILLION) 189
TABLE 95 EUROPE: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 189
TABLE 96 EUROPE: DEFENSE SMALL ARMS MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 189
TABLE 97 EUROPE: CIVIL & COMMERCIAL SMALL ARMS MARKET SIZE,
BY APPLICATION, 2020–2025 (USD MILLION) 190
TABLE 98 EUROPE: SMALL ARMS MARKET SIZE, BY CALIBER,
2016–2019 (USD MILLION) 190
TABLE 99 EUROPE: SMALL ARMS MARKET SIZE, BY CALIBER,
2020–2025 (USD MILLION) 190
TABLE 100 EUROPE: SMALL ARMS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 191
TABLE 101 EUROPE: SMALL ARMS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 191
TABLE 102 EUROPE: SMALL ARMS MARKET SIZE, BY CUTTING TYPE,
2016–2019 (USD MILLION) 191
TABLE 103 EUROPE: SMALL ARMS MARKET SIZE, BY CUTTING TYPE,
2020–2025 (USD MILLION) 191
TABLE 104 EUROPE: SMALL ARMS MARKET SIZE, BY TECHNOLOGY,
2016–2019 (USD MILLION) 192
TABLE 105 EUROPE: SMALL ARMS MARKET SIZE, BY TECHNOLOGY,
2020–2025 (USD MILLION) 192
TABLE 106 EUROPE: SMALL ARMS MARKET SIZE, BY FIRING SYSTEM,
2016–2025 (USD MILLION) 192
TABLE 107 EUROPE: SMALL ARMS MARKET SIZE, BY FIRING SYSTEM,
2020–2025 (USD MILLION) 192
TABLE 108 EUROPE: SMALL ARMS MARKET SIZE, BY COUNTRY,
2020–2025 (USD MILLION) 193
14.4.3 UK 193
14.4.3.1 Upgradation of standard combat rifles drives small arms market in the UK 193
FIGURE 52 UK: MILITARY SPENDING, 2010–2019 (USD BILLION) 194
TABLE 109 KEY FIREARMS USED BY UK ARMED FORCES 194
TABLE 110 KEY FIREARMS USED BY UK LAW ENFORCEMENT AGENCIES 194
TABLE 111 UK: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2016–2019 (USD MILLION) 194
TABLE 112 UK: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 195
TABLE 113 UK: DEFENSE SMALL ARMS MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 195
TABLE 114 UK: CIVIL & COMMERCIAL SMALL ARMS MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 195
TABLE 115 UK: SMALL ARMS MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION) 195
TABLE 116 UK: SMALL ARMS MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION) 196
TABLE 117 UK: SMALL ARMS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 196
TABLE 118 UK: SMALL ARMS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 196
14.4.4 FRANCE 197
14.4.4.1 Procurement of pistols and rifles by armed forces to increase in France 197
FIGURE 53 FRANCE: MILITARY SPENDING, 2010–2019 (USD BILLION) 197
TABLE 119 KEY FIREARMS USED BY FRENCH ARMED FORCES 197
TABLE 120 KEY FIREARMS USED BY FRENCH LAW ENFORCEMENT AGENCIES 198
TABLE 121 FRANCE: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2016–2019 (USD MILLION) 198
TABLE 122 FRANCE: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 198
TABLE 123 FRANCE: DEFENSE SMALL ARMS MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 198
TABLE 124 FRANCE: CIVIL & COMMERCIAL SMALL ARMS MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 199
TABLE 125 FRANCE: SMALL ARMS MARKET SIZE, BY CALIBER,
2016–2019 (USD MILLION) 199
TABLE 126 FRANCE: SMALL ARMS MARKET SIZE, BY CALIBER,
2020–2025 (USD MILLION) 199
TABLE 127 FRANCE: SMALL ARMS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 200
TABLE 128 FRANCE: SMALL ARMS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 200
14.4.5 RUSSIA 200
14.4.5.1 Russian small arms industry home to well-established players with strong export potential 200
FIGURE 54 RUSSIA: MILITARY SPENDING, 2010–2019 (USD BILLION) 201
TABLE 129 KEY FIREARMS USED BY RUSSIAN ARMED FORCES 201
TABLE 130 RUSSIA: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2016–2019 (USD MILLION) 201
TABLE 131 RUSSIA: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 202
TABLE 132 RUSSIA: DEFENSE SMALL ARMS MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 202
TABLE 133 RUSSIA: CIVIL & COMMERCIAL SMALL ARMS MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 202
TABLE 134 RUSSIA: SMALL ARMS MARKET SIZE, BY CALIBER,
2016–2019 (USD MILLION) 202
TABLE 135 RUSSIA: SMALL ARMS MARKET SIZE, BY CALIBER,
2020–2025 (USD MILLION) 203
TABLE 136 RUSSIA: SMALL ARMS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 203
TABLE 137 RUSSIA: SMALL ARMS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 203
14.4.6 GERMANY 204
14.4.6.1 German armed forces to be equipped with advanced assault rifles that fire 5.56mm and 7.62mm NATO-grade ammunition 204
FIGURE 55 GERMANY: MILITARY SPENDING, 2010–2019 (USD BILLION) 204
TABLE 138 KEY FIREARMS USED BY GERMAN ARMED FORCES 204
TABLE 139 GERMANY: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2016–2019 (USD MILLION) 205
TABLE 140 GERMANY: SMALL ARMS MARKET SIZE, BY END-USE SECTOR,
2020–2025 (USD MILLION) 205
TABLE 141 GERMANY: DEFENSE SMALL ARMS MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 205
TABLE 142 GERMANY: CIVIL & COMMERCIAL SMALL ARMS MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 206
TABLE 143 GERMANY: SMALL ARMS MARKET SIZE, BY CALIBER,
2016–2019 (USD MILLION) 206
TABLE 144 GERMANY: SMALL ARMS MARKET SIZE, BY CALIBER,
2020–2025 (USD MILLION) 206
TABLE 145 GERMANY: SMALL ARMS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 207
TABLE 146 GERMANY: SMALL ARMS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 207
14.4.7 SPAIN 207
14.4.7.1 Demand for small arms from