Press release
Small Arms Market Growing Trade Among Emerging Economies Opening New Opportunities To 2023-2031
As per the report published by Allied Market Research, the global small arms market was pegged at $8.39 billion in 2020, and is expected to reach $13.75 billion by 2030, growing at a CAGR of 5.3% from 2021 to 2030.Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/3102
Increase in demand for the small arms for competitive sporting events and rise in number of territorial conflicts across the world have boosted the growth of the global small arms market. However, stringent small arms ownership regulations hinder the market growth. On the contrary, surge in military expenditure and agreements and contract with law enforcement and military agencies are expected open new opportunities for the market players in the future.
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Covid-19 scenario on Small Arms Market:
The small arms industry witnessed a steady growth in 2020, due to adverse impact of the pandemic and decline in the supply of firearms for sports and law enforcement applications.
The strict regulations regarding social distance created a disruption in manufacturing and supply chain.
The majority of developing facilities of small arms halted due to commute restrictions and workforce unavailability.
Based on end use sector, the civil & commercial segment held the largest share in 2020, accounting for more than two-thirds of the market. Moreover, the segment is estimated to register the highest CAGR of 5.4% during the forecast period. The report includes an analysis of the defense segment.
The global small arms market report includes an in-depth analysis of the prime market players such as CZG - Ceská zbrojovka Group SE, Fabbrica d'Armi Pietro Beretta S.P.A., FN Herstal, Heckler & Koch, ISRAEL WEAPON INDUSTRIES (I.W.I) LTD, Smith & Wesson Brands, Inc., Sturm, Ruger & Co., Inc., Taurus International Manufacturing, Inc., Webley & Scott, and Weihrauch & Weihrauch Sport GmbH & Co. KG.
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https://www.alliedmarketresearch.com/small-arms-market
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About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
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