The global small arms market is anticipated to grow at a significant CAGR of 3.9% during the forecast period. One of the major factors that are growing the market is the growing personal security concerns among civilians owing to the crime rate growing in most countries. As per the data of the National Crime Records Bureau, Ministry of Home Affairs, Government of India, 5,156,172 crimes occurred in India in 2019 which was 81,537 more than the crime that occurred in 2018. This has increased the concerns of the civilians for them and their families, and the demand for small arms has increased.
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COVID-19 had impacted most industries owing to the enforcement of nationwide lockdowns in most countries to stop the spread of the virus. However, the small arms market had not faced a decline in demand, and the market grew steadily during the pandemic. As per the annual report of Heckler and Koch GmbH, 2020, the company recorded $302,894.8 revenue which is more than 14% of the total revenue of the company in 2019.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Small Arms Market by Type
- Handgun
- Shotgun
- Machine Gun
- Rifle
Global Small Arms Market by End-User
- Civil & Commercial
- Defense
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Armscor International Inc.
- Barrett
- Benelli Armi SpA
- Browning Arms Co.
- CheyTac USA, LLC
- Colt’s Manufacturing Company LLC
- CZG – Ceská zbrojovka Group SE
- Fabbrica d’Armi Pietro Beretta S.P.A.
- ISRAEL WEAPON INDUSTRIES (I.W.I) LTD
- Kalashnikov Concern JSC
- F. Mossberg & Sons, Inc.
- Remington Arms Company, LLC.
- Smith & Wesson Brands, Inc.
- Springfield Armory Inc.
- Stumpp, Schuele & Somappa Springs Pvt. Ltd.
- Taurus Holdings, Inc.
- Walther Arms Inc.
- Webley & Scott
- Weihrauch & Weihrauch Sport GmbH & Co. KG
- Winchester Repeating Arms
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global small arms market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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