The global small arms market size is expected to reach USD 10.32 Billion at a steady CAGR of 2.3% in 2028, according to latest analysis by Emergen Research. Rise in terrorist activities and increase in cross-border security are some key factors driving market revenue growth. Increasing need for deployment of military personnel at military bases and sensitive locations and infrastructure and international borders and rising focus on modernization of weapons and ammunition are other key factors fueling growth of the global small arms market.
The report provides detailed insights into Small Arms market trends, industry trends, consumer trends, market size, market share, market revenue growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the Small Arms market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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The steady Small Arms market share growth can be attributed to a variety of factors and trends in the global Small Arms market currently. Global Small Arms market revenue growth is supported to a significant extent due to rising focus by major players on product/service expansion into new and untapped domestic markets and rising competition in the market. These factors are expected to drive incline in regional Small Arms market share growth over the forecast period.
Surge in domestic violence and crimes coupled with implementation of various arms laws that permit possession of certain weapons among civilian for self-defense purposes is propelling growth of the market. Domestic violence is a global issue that affects 35% of women worldwide. There are more than 5,000 honor-killing cases reported annually, while experts believe the actual numbers are much higher. Increasing incidence or robberies, burglaries, and bank heists, as well as kidnapping attempts in various developed and developing countries are some other key factors resulting in rising need for personal weapons for self-defense and safety purposes.
In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Small Arms market share contribution of these countries. In addition, Small Arms market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.
Top key vendors in Small Arms Market include are:
- Key players in the market include Smith & Wesson, Israel Weapons Industry, Kalashnikov Group, Colt’s Manufacturing LLC, Sturm, Ruger & Co., Inc., GLOCK Ges.m.b.H, Lockheed Martin Corporation, Raytheon, General Dynamics Corporation, and Carl Walther GmbH.
Emergen Research has segmented the global small arms market on the basis of type, caliber, technology, action, end-use, and region:
- Type Outlook (Revenue, USD Billion; 2018–2028)
- Revolver
- Pistol
- Shotgun
- Rifles
- Machine Gun
- Others
- Caliber Outlook (Revenue, USD Billion; 2018–2028)
- 9 mm
- 56 mm
- 62 mm
- 7 mm
- 5 mm
- Others
- Technology Outlook (Revenue, USD Billion; 2018–2028)
- Guided
- Unguided
- Action Outlook (Revenue, USD Billion; 2018–2028)
- Automatic
- Semi-automatic
- End-use Outlook (Revenue, USD Billion; 2018–2028)
- Defense
- Military
- Law Enforcement
- Civil & Commercial
- Hunting
- Sporting
- Self-defense
- Others
- Defense
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In terms of Small Arms market share and revenue contribution to the global Small Arms market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Small Arms market share.
Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Small Arms Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 - 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Region wise performance of the Small Arms industry
Asia Pacific market share contribution to the global Small Arms market is expected to continue to register comparatively faster growth rate than other regional markets between 2020 and 2028. Rapid growth rate of China and India Small Arms market share contribution can be attributed to increasing population and disposable income, and steady economic growth, and the trend is expected to continue going ahead.
Steady increase in Europe Small Arms market share growth is primarily supported by continuous developments in major countries in the region. Robust focus on research and development initiatives by major firms in countries in the region is also expected to continue to support market share growth of the Europe Small Arms market going ahead.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Small Arms industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Small Arms market across different regions?
- Who are the major driving forces expected to decide the fate of the Small Arms industry worldwide?
- Who are the prominent market players making a mark in the Small Arms market with their winning strategies?
- Which Small Arms industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Small Arms market?
Table of Content
Chapter 1. Methodology & Sources
1.1. Small Arms Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Small Arms Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Small Arms Market Segmentation & Impact Analysis
4.1. Small Arms Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Small Arms Market indicators analysis
4.2.2. Small Arms Market drivers analysis
4.2.2.1. Rapid urbanization and industrialization
4.2.2.2. Stringent government regulations regarding carbon emissions
4.2.2.3. Increasing prevalence of respiratory diseases
4.2.2.4. Rising need to enhance indoor air quality
4.2.3. Small Arms Market restraints analysis
4.2.3.1. High cost associated with the maintenance of Small Arms products
4.2.3.2. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Small Arms Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.2. Europe
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2. Distributors
10.5.2.1. North America
10.5.2.2. Europe
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
10.5.3. Others
Continued….
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