Small Arms Market by Caliber (5.56MM, 7.62MM, 9MM), by Type (Handguns, Shotguns, Machine Guns, and Rifles & Others), by End-Use Sector (Defense, Civil, Commercial), by Operation (Manually-Operated Firearm and Self-Loading Firearm), by Regions | Global Market Forecast 2024-2032

Small Arms Market Report Scope & Overview:

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The Small Arms Market Size was valued at USD 9.18 billion in 2023 and is expected to reach USD 12.23 billion by 2032 with a growing CAGR of 3.36% over the forecast period 2024-2032.

The global market is expected to grow at a faster CAGR in the future years. The global market is seeing the introduction of prominent market factors such as the changing character of growing conflict, followed by the militarization of police forces, as well as an increase in drug trafficking and terrorist activities.

Furthermore, the global market is witnessing an increasing level of modernization of armed forces, which are expected to emerge as driving factors helping the expansion of the small arms market throughout the current forecast period, which will conclude in 2028.

MARKET DYNAMICS

KEY DRIVERS

• Increasing Drug Trafficking

• Rising Terrorist Attacks

OPPORTUNITIES

• Rising Investment

CHALLENGES

• International measures

• Arms Trade Treaty

IMPACT OF COVID-19

The spread of the corona-virus epidemic around the world has introduced a variety of mutations and changed the way agencies perceive and advance the production and supply of goods. Many of the target sectors and economic contributors as a whole are falling behind due to the growing level of uncertainty that prevails in those volatile situations. With the increase in the number of cases each passing day and the resilience diploma taking a toll, the great need for the small arms market to provide a higher understanding of health care infrastructure development and sustainability, provided the same human aspirations. The healthcare business may see the need for first-rate and the growing reliance on people gives them a greater need to meet. The temporary closure and permanent stay have undermined market forces to develop product lines and portfolios for global audiences to choose from during the 2020 epidemic year. As a result of the regulations set aside for temporary and permanent closures, target audiences are seeing continuous instruction, and as a result, the use of digital equipment is growing. This is emerging as new city trends and rising revenues lead to staying at an excellent level for the small arms market share. Investors in world markets now understand the common need for the market to resume operations and that is why, world governments are improving their funding by reducing the limits set. Also, there is another important factor in market players and they invest in research and development departments in order to develop these devices and add functions.

The expansion of the defence component of the small guns market can be ascribed to increased spending by governments on military modernization programmers, an increase in domestic criminality, and cross-regional drug trafficking operations. Military and homeland security are the two defence segments of the small weapons market. The increased spending of various countries on military modernization initiatives might be ascribed to the market's rise in the military segment. On the battlefield, more efficient technologies such as armed robots, weaponized vehicles, armoured vehicles, and unmanned ground vehicles are required for improved performance. These platforms employ machine guns capable of firing 5.56mm rounds at a cyclic rate of 750 rounds per minute. These platforms can also be outfitted with M240 guns, which have a cyclic fire rate of 1,000 rounds per minute and can fire 7.62mm bullets.

True Velocity, a renowned arms and ammunition producer based in the United States, is developing 6.8mm ammunition to replace traditional 5.56mm NATO rounds in some special operations forces. The new calibre is intended to be slightly heavier and faster than 5.56mm NATO bullets. troops will be enable to fire from a greater distance and with more accuracy. based on rifles type The increased use of rifles by military forces and law enforcement organization, as well as public engagement in rifle-based shooting activities throughout regions, has resulted in the expansion of this category. In recent years, increased demand for sniper rifles has been noted from armies all over the world, owing to the need for improved precision firing systems and the growing number of covert operations, both of which contribute to the expansion of the rifle segment in the small weapons market. Military and law enforcement are the two defence segments of the small weapons market. The increased spending of governments on military modernization programmers, as well as the rise in terrorist activities and civil disturbances in various regions of the world, can be ascribed to the growth of the defence component of the small weapons market.

KEY MARKET SEGMENTATION

By Caliber

• 5.56MM

• 7.62MM

• 9MM

By Type

• Handguns

• Shotguns

• Machine Guns

• Rifles

• Others

By Operation

• Manually-Operated Firearm

• Self-Loading Firearm

By End-use Sector

• Defense

• Civil

• Commercial

REGIONAL ANALYSIS

The small arms market in North America has been researched for the United States and Canada. North America has the highest demand potential for small arms, owing to increased defence spending in the region, as well as an increase in gun violence, which is driving both law enforcement and civilian segments to acquire small arms for counter-terrorism and self-defense applications, respectively. The growing popularity of recreational and hunting activities among civilians has resulted in a major increase in demand for small guns in North America. North American countries are giving a lot of contracts to significant participants in the small arms market for small arms delivery, driving the region's small arms market growth. According to industry experts, the COVID-19 epidemic has had little effect on demand for small guns in the defence sector in the United States and Canada. The US Department of Defense has requested manufacturers to continue with small arms product activity. However, there has been a shift in the demand for small guns in civil and commercial purposes, particularly in recreational and hunting activities. The demand for tiny guns for self-defense purposes has grown significantly.

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REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

KEY PLAYERS

The Major Players are CZG - Ceská zbrojovka Group SE, Fabbrica d'Armi Pietro Beretta S.P.A., FN Herstal, Heckler & Koch, ISRAEL WEAPON INDUSTRIES (I.W.I) LTD, Smith & Wesson Brands, Inc., Sturm, Ruger & Co., Inc. ,Taurus International Manufacturing, Inc., Webley & Scott, Weihrauch & Weihrauch Sport GmbH & Co. KG and Other Players