Press release
Small Arms Market Expected to Reach $14.2 Billion by 2032 : Insights into Industry Growth and Trends
Small Arms Market Trend
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/3102
Growth of the global small arms market is driven by surge in use of small arms solutions for sports events & hunting activities and modernization of law enforcement agencies in developing countries. Changing nature of warfare and growth in defense expenditure are the key factors that support growth of the small arms market. In 2020, by end use sector, the civil & commercial segment witnessed leading market share. Moreover, the automatic segment is expected to witness leading market growth and dominate the market share during the forecast period.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ: -
CZG - Ceskรก 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
Weihrauch & Weihrauch Sport GmbH & Co. Kg
๐๐ซ๐ข๐ฆ๐ ๐๐๐ญ๐๐ซ๐ฆ๐ข๐ง๐๐ง๐ญ๐ฌ ๐จ๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก
Governments across the globe have introduced regulations and rules for small arms solution acquisition and usage activities. Growth in the adoption of small arms solutions in sports events and the increase in requirements of small arms for self-defense applications are crucial factors that support growth for small arms across the globe. However, strict small arms ownership regulations and threats retained by other types of weapons restrain market growth. On the contrary, the increase in military expenditure globally and agreements & and contracts with law enforcement and military agencies are projected to offer lucrative growth opportunities for the market players.
๐๐ก๐ ๐ฉ๐ข๐ฌ๐ญ๐จ๐ฅ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on the type, the pistol segment held the highest market share of more than one-third of the global small arms market and is estimated to maintain its leadership status from 2023 to 2032. The same segment is also projected to manifest the highest CAGR of 6.0% throughout the forecast timeframe. This is due to the rise in concern for personal safety that has been a driving force behind the growth of the pistol segment. Pistols are handy, lightweight, and easy to carry for desired operations. Pistols are used by military and law enforcement officers as sidearms. These advancements attract both professional users and civilian consumers.
๐๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐๐ญ๐ข๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on action, the automatic segment held the highest market share in 2022 accounting for more than half of the global small arms market and is projected to maintain its leadership status from 2023 to 2032. The same segment is estimated to obtain the highest CAGR of 5.6%. This is due to advancements in robotics and AI that have led to discussions about the integration of automatic arms in unmanned systems and robotic platforms. These developments introduce a new dimension to the concept of automatic arms, expanding their potential applications beyond traditional firearms. As technology continues to evolve, the growth trajectory of automatic arms is likely to remain intertwined with broader discussions about security, ethics, and the responsible use of advanced weaponry.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ - https://www.alliedmarketresearch.com/small-arms-market/purchase-options
๐๐ก๐ ๐๐ข๐ฏ๐ข๐ฅ ๐๐ง๐ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on end-use sector, the civil and commercial segment held the highest market share in 2022 contributing for more than two-thirds of the global small arms market and is expected to maintain its leadership status from 2023 to 2032. The same segment is projected to portray the highest CAGR of 5.5% throughout the forecast timeframe. This is due to the rise in concern toward personal safety and growth in adoption of modern sporting rifles are the key factors anticipated to support the growth of the segment. Moreover, the expansion in adoption of small arms for hunting activities, sporting events, and self-defense activities are estimated to spur demand for the civil & commercial segment during the forecast period.
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐๐ฒ ๐๐๐๐
Based on region, North America held the highest market share in terms of revenue in 2022, contributing to nearly two-fifths of the global small arms market and is estimated to maintain its leadership status throughout the forecast period. The growth is attributed to the increase in adoption of products and services related to small arms, owing to multiple military and law enforcement modernization and enhancement programs underway in North America. However, the Europe region is expected to witness the fastest CAGR of 6.5% from 2023 to 2032, owing to rise in participation in shooting competitions across the region. Various countries in the region allow usage of rifles and pistons for sports and recreational activities, which acts as a driver for the growth of the small arms market in the region during the forecast period.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/3102
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐
By Type, the Pistol segment is anticipated to exhibit significant growth in the small arms market in the near future.
By Action, the Automatic segment is projected to exhibit significant growth in the small arms market in the near future.
By End-Use Sector, the Civil and Commercial segment is expected to exhibit significant growth in the small arms market in the near future.
By Region, Europe is anticipated to register the highest CAGR during the forecast period.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐ข๐ฅ๐ข๐ญ๐๐ซ๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/sniper-rifle-market-A10673 - Sniper Rifle Market
https://www.alliedmarketresearch.com/shotgun-shell-market-A14507 - Shotgun Shell Market
https://www.alliedmarketresearch.com/shooting-and-gun-accessories-market-A13699 - Shooting and Gun Accessories Market
https://www.alliedmarketresearch.com/service-handgun-market-A10672 - Service Handgun Market
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