Small Arms Market Trends, Industry Drivers and Competitive Analysis 2023-2028

The latest report published by IMARC Group, titled “Small Arms Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.

Market Overview:

The global small arms market size reached US$ 9.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.

Small arms, also known as guns or firearms, are lethal weapons that fire a projectile by explosive action. They include self-loading pistols, carbines, sub-machine guns, assault rifles and light machine guns. Small arms play a crucial role in warlike situations and militia activities. These weapons are also highly utilized in areas with political instability, civil war and long-drawn armed conflicts.

What are the growth prospects and trends in the industry?

Over the years, the rising cases of burglaries and house break-ins have increased the concerns for personal safety among house owners. Due to this, individuals are opting for small arms for self-defense and safety purposes.

The increasing threat to cross-border security and rising terrorist activities across the globe have also contributed to the market growth. As a result, the military and defense sectors are adopting more advanced arms and ammunition. Furthermore, the growing participation of individuals in hunting and shooting has escalated the demand for lightweight, high precision and compact weapons.

Besides this, governments of various nations are extensively investing in advanced weapons to ensure an adequate supply of sophisticated weapons for the police force to combat the rising crime rates.

Small Arms Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the small arms market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Beretta Holding S.P.A
  • Colt’s Manufacturing Company LLC
  • Glock Ges M.B.H
  • Fabbrica dArmi Pietro Beretta S.p.A.
  • Heckler & Koch GmbH
  • Herstal SA
  • Israeli Weapon Industries
  • Remington Arms Company LLC
  • Smith & Wesson Holding Corporation
  • Sturm, Ruger & Company Inc.

Key Market Segmentation:

The report has segmented the global small arms market based on type, application, caliber, technology, cutting type, operation and region.

Breakup by Type:

  • Pistol
  • Revolver
  • Rifle
  • Machinegun
  • Others

Breakup by Application:

  • Military
  • Law Enforcement
  • Others

Breakup by Caliber:

  • 56 mm
  • 62 mm
  • 9 mm
  • Others

Breakup by Technology:

  • Guided
  • Unguided

Breakup by Cutting Type:

  • Rifled
  • Smoothed Bore

Breakup by Operation:

  • Automatic
  • Semi-automatic
  • Manual

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/small-arms-market

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Media Contact:
Company Name:
 IMARC Group
Contact Person: Elena Anderson
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Website: https://www.imarcgroup.com/

Nasir Jones

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