[181 Pages Report] The Small Arms Market size was estimated at USD 8.33 billion in 2023 and expected to reach USD 8.99 billion in 2024, at a CAGR 8.11% to reach USD 14.39 billion by 2030.
Small arms refer to a category of firearms designed primarily for individual use or operated by a single person. These weapons are typically handheld or carried and can be used with ease without requiring a team for operation or movement. This can include pistols, revolvers, rifles, light machine guns, and shotguns. Factors contributing to the growing adoption of small arms include the rising interest in sports shooting, increased military spending by countries aiming to modernize their defense arsenal, and the growing demand for self-defense weapons among civilians. Additionally, local and regional law enforcement agencies regularly invest in upgrading and expanding their small arms capabilities to ensure public safety and effective crime deterrence. However, illegal trading of small arms and the presence of substandard or counterfeit small arms equipment prevent the widespread adoption of small arms among end-users. Additionally, the illicit reactivation of poorly deactivated small arms raises security concerns about the use of small arms devices and equipment. However, major manufacturers have invested in the development of new technologies, such as smart gun technology, user-identification systems, and biometric locks, to help circumvent security issues and technical constraints. Furthermore, advancements in material science and manufacturing technologies, such as 3D printing, are creating new avenues of opportunities for small arms production and design and enhancing performance and customization.
Regional Insights
The Americas region, particularly the United States, retains a substantial share of the small arms industry owing to its strong gun culture, well-established firearms industry, and high military expenditure. Additionally, civilian gun ownership rates are increasing rapidly, with hunting and sports shooting being significant market drivers. The region is characterized by the presence of key small arms manufacturers, fostering innovation and growth. Europe’s demand for small arms is characterized by a diverse range of regulations and demand patterns. Eastern European countries, influenced by historical ties to the military-industrial complex, exhibit considerable demand for small arms amid geopolitical tensions. Western European nations with stricter gun laws show sustained demand primarily for sporting and law enforcement applications. The region witnesses advancements in arms manufacturing technology, with a focus on precision engineering and the minimization of the environmental impact of firearms production and disposal. APAC economies such as China, South Korea, and India are significantly investing in military modernization programs, which encompass procurements of small arms. Additionally, local conflicts and counter-insurgency operations necessitate the quick deployment of small arms.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Small Arms Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Small Arms Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Small Arms Market, highlighting leading vendors and their innovative profiles. These include Benelli Armi S.p.A., Browning, Carl Walther GmbH, Colt’s Manufacturing LLC, Czech Small Arms, s.r.o., Daniel Defense Inc., Fabbrica d’Armi Pietro Beretta S.p.A., Glock Inc., Heckler and Koch GmbH, Henry RAC Holding Corp., Heritage Manufacturing, Inc., HS PRODUKT d.o.o., Israeli Weapon Industries by SK Group, Kalashnikov Group, Kimber Mfg, Inc., O.F. Mossberg & Sons, Radical Firearms, LLC., RemArms LLC., Savage Arms, Inc., Sig Sauer, Inc., Smith & Wesson Brands Inc., Sportsman’s Warehouse Holdings, Inc., Springfield Armory Inc., Steyr Arms GmbH, Sturm, Ruger & Co., Inc., Taurus Holdings, Inc., and WM. C. Anderson Inc..
Market Segmentation & Coverage
This research report categorizes the Small Arms Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- Machine Gun
- Others
- Pistol
- Revolver
- Rifles
- Shotgun
- Cutting
- Smooth Bore
- Threaded/Rifled
- Caliber
- 12.7mm
- 14.5mm
- 5.56mm
- 7.62mm
- 9mm
- Technology
- Guided
- Unguided
- Action
- Automatic
- Semi-Automatic
- Firing System
- Gas-Operated
- Manual
- Recoil-Operated
- End-Use Sector
- Civil & Commercial
- Hunting
- Self-defense
- Sporting
- Defense
- Law Enforcement
- Military
- Civil & Commercial
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Small Arms Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Small Arms Market?
- What are the technology trends and regulatory frameworks in the Small Arms Market?
- What is the market share of the leading vendors in the Small Arms Market?
- Which modes and strategic moves are suitable for entering the Small Arms Market?
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