Global Small Arms Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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The Small Arms Market report overview:
“The global Small Arms Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The Small Arms Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global small arms market report has been segmented on the basis of product type, caliber, cutting type, application, and region.
This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Small arms are types of portable weapons, designed for individual use. They include self-loading pistols, handguns, rifles, light machine guns, etc. The United Nations General Assembly defines small arms as “any man-portable lethal weapon that expels or launches, is designed to expel or launch, or may be readily converted to expel or launch a shot, bullet or projectile by the action of an explosive, excluding antique small arms and light weapons or their replicas.” Small arms are light weight and recoils with velocity of the projectile.
Increasing incidents of cross-border firing and growing regional unrest are factors driving growth of the global small arms market. Growing terrorism and security threats are also key factors resulting in increasing demand for small arms.
Growing concerns regarding personal safety among individuals is resulting into adoption of small arms for self-defense among civilians. Furthermore, increasing military budget and updating of local law enforcement institutions in emerging economies are factors expected to boost growth of the global small arms market in the near future.
However, stringent government regulations against possession of firearms in many countries and strict licensing procedures may hamper growth of the global small arms market. Additionally, military budget cut downs in developed countries is another factor that may affect growth of the global market. Nevertheless, introduction of technologically advanced small arms can create high revenue opportunities for players in the target market.
The market in North America accounts for major share in terms of revenue, owing to presence of key manufacturers and lack of gun control laws in this region. The market in Asia Pacific is expected to witness a high growth in terms of revenue, followed by Middle East and Africa, Europe, and Latin America. Increasing military budget in developing countries especially in China and India is a factor expected to fuel growth of the global small arms market in Asia Pacific region.
Global Small Arms Market Segmentation:
Segmentation by product type:
- Machine Gun
- Others (Carbines, Sub-Machine Guns)
Segmentation by caliber:
- 56 mm
- 62 mm
- 9 mm
- 7 mm
- Others (14.5mm, 10 mm)
Segmentation by cutting type:
- Smooth Bore
Segmentation by application:
- Law Enforcement
- Self Defense
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Northrop Grumman Innovation Systems Inc. (Orbital ATK)
- Smith & Wesson Holding Corporation
- Sturm, Ruger & Company, Inc.
- Freedom Group
- General Dynamics Corporation
- Forjas Taurus SA
- Glock Ges. M.B.H
- Heckler & Koch GmbH
- Herstal SA
- Beretta Holding S.p.A.
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