Small Arms Market Size, Share, Trends, Growth and Forecast Till 2028

IMARC Group, a leading market research company, has recently releases report titled “Small Arms Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global small arms market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the small arms market?

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.

What are small arms?

Small arms refer to individual or crew-served lightweight weaponry, primarily designed for infantry use. They encompass a range of weapons such as handguns (pistols and revolvers), rifles, submachine guns, light machine guns, and portable launchers of anti-tank missiles and grenade systems.

Often, small arms are handheld, allowing for high mobility, and they fire smaller calibre ammunition. These weapons are used by armed forces, law enforcement agencies, guerrilla fighters, terrorists, and civilians around the globe. They are of particular concern in international conflicts and crime due to their accessibility, wide distribution, durability, and ease of use. As such, small arms proliferation and control are critical issues in global security and conflict resolution discussions.

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What are the growth prospects and trends in the industry?

Significant technological advancements represents one of the key factors driving the growth of the market across the globe. Innovation in firearms technology, like improved accuracy, range, and safety features, is stimulating the demand for small arms. The emergence of smart guns and personalized firearms is a notable trend that is influencing the market growth. Recreational use of firearms for sport shooting and hunting also drives small arms demand.

Apart from this, higher military spending often translates into increased procurement of small arms for their defense forces which is contributing to the growth of the market. Areas with high geopolitical tensions or internal conflicts often see a surge in demand for small arms. War, insurgency, and territorial disputes are driving the need for these weapons which is fueling the growth of the market. Rapid urbanization and associated security issues are leading to an increase in small arms demand by both law enforcement agencies and civilians which is creating a positive outlook for the market across the globe.

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:

• 5.56 mm
• 7.62 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

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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.

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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.

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