The report on the Small Arms Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2022-2028. The report also offers insights into different market segments and other factors affecting the market.
The small arms market size was estimated at US$ 7.8 Billion in 2022 and is expected to grow at a CAGR of 2.7% during 2022-2028 to reach US$ 8.9 Billion in 2028.
What is a small arm?
Small arms are specialized weapons anybody may use for self-defense and enjoyment. Small arms are also used by members of the armed forces and law enforcement during their respective missions. Small arms refer to various weapons, including rifles, shotguns, pistols, and similar devices. The most common uses for weapons are in sporting events, hunting, and self-defense, and it is predicted that these markets will continue to grow strongly in the future. Governments worldwide have put restrictions and guidelines on the purchase and use of small guns. Important drivers of the global growth of small weapons include the expansion of small arms in sporting events and the rise in demand for small arms for self-defense applications.
The market's growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.
COVID-19 IMPACT on the Market-
The COVID-19 pandemic has influenced almost all the industries, little or large, dealing in any sector.
The growth curves of Small Arms market have witnessed enormous ebb and flows in the year 2020. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2022 is probably going to be superior to 2020 for the Small Arms market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.
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The Cornerstones in the market-
Listed below are the top key players that dominate the Small Arms Market –
- Sturm, Ruger & Co., Inc. (US)
- Kalashnikov Group (Russia)
- GLOCK Ges.m.b.H. (Austria)
- Smith & Wesson (US)
- Èeská Zbrojovka a.s. (Czech Republic)
- Israel Weapons Industry (IWI) (US)
- Heckler & Koch Gmbh (Germany)
- Colt’s Manufacturing LLC (US)
Small Arms Market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different leading factors and identifies the most-attractive segments and sub-segments. The market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that leads a roadmap to success.
The Small Arms market is segmented into the following categories.
The small arms market is divided into several categories: pistols, revolvers, rifles, machine guns, shotguns, and others. Assault rifles, snipers, recoilless rifles, contemporary sports rifles, and anti-material/bolt-action rifles are examples of guns included in this category. Due to a growth in sports and hunting activities, the contemporary sporting rifle has also seen widespread use in recent years. As a result of global modernization initiatives, demand for assault and sniper rifles has surged dramatically compared to other small weapons, contributing to the expansion of the rifle market.
By Barrel Type
The market is segmented into Rifled-Bore and Smooth-Bore. The primary advantages of smooth-bore designs over rifled designs are their increased appropriateness for fin-stabilized ammunition and much-decreased barrel wear.
By Technology Type
The market is segmented into Guided and Unguided. Moreover, the market is segmented based on action as Semi-Automatic and Automatic.
In terms of regions, North America is likely to maintain its supremacy in the Small Arms market throughout the forecast period. Rapid modernization and technological advancements in various defense sectors have resulted in a high rate of Small Arms.
Additionally, the US military is searching for a cutting-edge weapon that can shoot 6.8mm ammo. Textron Systems, General Dynamics Corporation, and SIG SAUER are the suppliers the US has chosen to produce sophisticated firearms; FN-America and PCP Tactical have been turned down. India, another significant spender on the military, is replacing 5.56mm weapons and ammunition with 7.62mm weapons and ammo. These causes are driving the demand for ammunition with a small caliber.
Major small arms market participants are receiving several contracts from North American nations to deliver small arms, fueling the expansion of the small arms market in the area. For instance, the US Department of Defense granted FN America a USD 119 million contract in February 2020 for delivering more than 167,000 M4 and M4A1 rifles. The deal will last for five years. The US Army Contracting Command granted Hecker & Koch a USD 33 million contract in March 2020 for procuring squad-designated marksman rifles and compact semi-automatic sniper systems.
Concurrently, the small arms market in the Asia Pacific is anticipated to expand at the highest CAGR during the forecast period. This region's major economies emphasize modernizing their military systems, driving the Asia Pacific Small Arms market growth.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
Report Customization Options
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- Company Profiling
- Detailed profiling of key market players (up to 3 players)
- SWOT analysis of key market players (up to 3 players)
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