Global Small Arms Market size is anticipated to exceed USD 13.23 billion by 2032, growing at a CAGR of 4.3% from 2022 to 2032.
The rising demand for personal safety, violence, and international conflicts are among the main drivers of the Small Arms Industry’s growth. Furthermore, an increase in terrorist attacks, cross-border conflicts, and asymmetric warfare has increased demand for small arms from defense as well as law enforcement organizations.
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Driving Factors:
- Increasing demand for handguns, rifles, shotguns, and automatic weapons in North America, Europe, and the Middle East.
- Small arms becoming more application-specific and technologically advanced.
- Ongoing R&D efforts by leading manufacturers for improved precision, mobility, and lethality.
- Restraining Factors:
- Varying financial, legal, and political structures leading to diverse regional regulations.
- Import-export controls, technology transfer, and anti-corruption laws affecting market players.
- Country-specific regulations influenced by economic, legal, or political variables.
Market Segmentation:
- Rifle segment poised to dominate the global small arms market.
- Types include pistol, revolver, rifle, machine gun, shotgun, and more.
- The 5.56MM caliber segment set to grow rapidly due to increased adoption.
- Segmentation by operation includes automatic, semi-automatic, and manual.
List of Key Companies
- Colt’s Manufacturing LLC
- Beretta
- Smith & Wesson
- Sig Saur GmbH
- Remington Arms Company LLC
- FN Herstal
- Sturm, Ruger & Co., Inc.
- GLOCK Ges.m.b.H.
- Israel Weapons Industry (IWI)
- other key vendors
Regional Analysis:
- North America
- Europe
- Asia-Pacific
- South America
- The Middle East and Africa
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Segment
By Type, By Caliber, By Operation, By End user, By Region and COVID-19 Impact Analysis.
Recent Developments
- In May 2022, The Spanish Armed Force has awarded a contract to Rheinmetall Denel Munition, a subsidiary of the Rheinmetall Group, to supply 40mm weapon and ammunition systems. The company supplies 40mm X 53 high velocity combat ammunition as well as training ammuniti
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