Small Arms Market
Global Small Arms Market Size, Share & Trends Analysis Report by Type (Handgun, Shotgun, Machine Gun, and Rifle), and by End-User (Civil & Commercial, and Defense) Forecast (2022-2028) Update Available - Forecast 2024-2030
The global small arms market is anticipated to grow at a significant CAGR of 3.9% during the forecast period. One of the major factors that are growing the market is the growing personal security concerns among civilians owing to the crime rate growing in most countries. As per the data of the National Crime Records Bureau, Ministry of Home Affairs, Government of India, 5,156,172 crimes occurred in India in 2019 which was 81,537 more than the crime that occurred in 2018. This has increased the concerns of the civilians for them and their families, and the demand for small arms has increased.
Impact of COVID-19 Pandemic on Global Small Arms Market
COVID-19 had impacted most industries owing to the enforcement of nationwide lockdowns in most countries to stop the spread of the virus. However, the small arms market had not faced a decline in demand, and the market grew steadily during the pandemic. As per the annual report of Heckler and Koch GmbH, 2020, the company recorded $302,894.8 revenue which is more than 14% of the total revenue of the company in 2019.
Segmental Outlook
The global small arms market is segmented based on the type and end-user. Based on the type, the market is segmented into handguns, shotguns, machine guns, and rifles. Based on the end-user, the market is sub-segmented into civil & commercial, and defense. Based on type, handgun dominates the market while based on end-user, the defense has the major market share as compared to civil & commercial.
Global Small Arms Market Share by End-User, 2021 (%)
The Defense Segment Holds the Prominent Share in the Global Small Arms Market
Based on end-user, defense holds the prominent share and is further expected to cater considerable growth among the market over the forecast period. Defense is run by the government, and it uses all types of weapons for the security of the nation, which makes it a major consumer while civilians need to have a government license to buy small arms which limits the civilians & commercials to use the small arms. As per the Stockholm International Peace Research Institute (SIPRI), the global military expenditure for the year 2020 was $1,981 billion which was 2.6% more than the global military expenditure in 2019. This expenditure included powerful and upgraded small arms to deal with the combat requirements.
Regional Outlooks
The global small arms market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). North America holds the major share in the market owing to the highest defense budget of the region across the globe followed by the Asia Pacific, and then Europe.
Global Small Arms Market Growth, by Region 2022-2028
The North America Region Holds the Significant Share of the Global Small Arms Market
North America reions is anticipated to hold the considerable share of the market during the forecast period. One of the major factors which is accelerating the growth of the market is the high demand for arms from the US which is the largest defense spender across the globe. As per the US budget 2022, the US Congress approved $777.7 billion for the defense budget which is 5% more than the defense budget of 2021. The high defense spending of the country is empowering it to spend more on gaining small arms of a new generation. Moreover, the agreement on next-generation weaponry by political rivals such as China and Russia has encouraged the US to approve a similar method and finance significantly toward enhancing the capabilities of its armed forces. Moreover, as per the annual report of Heckler and Koch GmbH, 2020, the company recorded $104,442 in revenue from US sales which are highest with 34% of the total revenue in 2020.
Market Players Outlook
The major companies serving the global small arms market include GLOCK Ges.m.b.H., Heckler and Koch GmbH, Herstal Group, Sig Sauer, Inc., Sturm, Ruger & Co., Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2022, Smith & Wesson revealed their new Volunteer line of AR-style rifles and micro 9mm CSX pistol alongside some legacy firearms chambered for 0.30 ammunition. S&W stated that it will offer chromed firing pins, flat-faced triggers, and B5 Systems stocks/pistol grips as standard for the Volunteer line of rifles.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global small arms market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Small Arms Market
• Recovery Scenario of Global Small Arms Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. GLOCK Ges.m.b.H.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Heckler and Koch GmbH
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Herstal Group
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Sig Sauer, Inc.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Sturm, Ruger & Co., Inc.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Small Arms Market by Type
4.1.1. Handgun
4.1.2. Shotgun
4.1.3. Machine Gun
4.1.4. Rifle
4.2. Global Small Arms Market by End-User
4.2.1. Civil & Commercial
4.2.2. Defense
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Armscor International Inc.
6.2. Barrett
6.3. Benelli Armi SpA
6.4. Browning Arms Co.
6.5. CheyTac USA, LLC
6.6. Colt's Manufacturing Company LLC
6.7. CZG - Ceská zbrojovka Group SE
6.8. Fabbrica d'Armi Pietro Beretta S.P.A.
6.9. ISRAEL WEAPON INDUSTRIES (I.W.I) LTD
6.10. Kalashnikov Concern JSC
6.11. O. F. Mossberg & Sons, Inc.
6.12. Remington Arms Company, LLC.
6.13. Smith & Wesson Brands, Inc.
6.14. Springfield Armory Inc.
6.15. Stumpp, Schuele & Somappa Springs Pvt. Ltd.
6.16. Taurus Holdings, Inc.
6.17. Walther Arms Inc.
6.18. Webley & Scott
6.19. Weihrauch & Weihrauch Sport GmbH & Co. KG
6.20. Winchester Repeating Arms
1. GLOBAL SMALL ARMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL HANDGUN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SHOTGUN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL MACHINE GUN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL RIFLE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL SMALL ARMS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
7. GLOBAL SMALL ARMS FOR CIVIL & COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL SMALL ARMS FOR DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL SMALL ARMS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
10. NORTH AMERICAN SMALL ARMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
11. NORTH AMERICAN SMALL ARMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
12. NORTH AMERICAN SMALL ARMS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
13. EUROPEAN SMALL ARMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. EUROPEAN SMALL ARMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
15. EUROPEAN SMALL ARMS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
16. ASIA-PACIFIC SMALL ARMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. ASIA-PACIFIC SMALL ARMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC SMALL ARMS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
19. REST OF THE WORLD SMALL ARMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. REST OF THE WORLD SMALL ARMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
21. REST OF THE WORLD SMALL ARMS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL SMALL ARMS MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL SMALL ARMS MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL SMALL ARMS MARKET, 2022-2028 (%)
4. GLOBAL SMALL ARMS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL HANDGUN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL SHOTGUN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL MACHINE GUN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL RIFLE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL SMALL ARMS MARKET SHARE BY END-USER, 2021 VS 2028 (%)
10. GLOBAL SMALL ARMS FOR CIVIL & COMMERCIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL SMALL ARMS FOR DEFENSE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL SMALL ARMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. US SMALL ARMS MARKET SIZE, 2021-2028 ($ MILLION)
14. CANADA SMALL ARMS MARKET SIZE, 2021-2028 ($ MILLION)
15. UK SMALL ARMS MARKET SIZE, 2021-2028 ($ MILLION)
16. FRANCE SMALL ARMS MARKET SIZE, 2021-2028 ($ MILLION)
17. GERMANY SMALL ARMS MARKET SIZE, 2021-2028 ($ MILLION)
18. ITALY SMALL ARMS MARKET SIZE, 2021-2028 ($ MILLION)
19. SPAIN SMALL ARMS MARKET SIZE, 2021-2028 ($ MILLION)
20. REST OF EUROPE SMALL ARMS MARKET SIZE, 2021-2028 ($ MILLION)
21. INDIA SMALL ARMS MARKET SIZE, 2021-2028 ($ MILLION)
22. CHINA SMALL ARMS MARKET SIZE, 2021-2028 ($ MILLION)
23. JAPAN SMALL ARMS MARKET SIZE, 2021-2028 ($ MILLION)
24. SOUTH KOREA SMALL ARMS MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC SMALL ARMS MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD SMALL ARMS MARKET SIZE, 2021-2028 ($ MILLION)
