Small Arms Market worth $14.19 billion by 2030, growing at a CAGR of 6.11% - Exclusive Report by 360iResearch

The "Small Arms Market by Type (Machine Gun, Others, Pistol), Cutting (Smooth Bore, Threaded/Rifled), Caliber, Technology, Action, Firing System, End-Use Sector - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Small Arms Market to grow from USD 9.36 billion in 2023 to USD 14.19 billion by 2030, at a CAGR of 6.11%.

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Small arms refer to a category of firearms designed primarily for individual use or operated by a single person. These weapons are typically handheld or carried and can be used with ease without requiring a team for operation or movement. This can include pistols, revolvers, rifles, light machine guns, and shotguns. Factors contributing to the growing adoption of small arms include the rising interest in sports shooting, increased military spending by countries aiming to modernize their defense arsenal, and the growing demand for self-defense weapons among civilians. Additionally, local and regional law enforcement agencies regularly invest in upgrading and expanding their small arms capabilities to ensure public safety and effective crime deterrence. However, illegal trading of small arms and the presence of substandard or counterfeit small arms equipment prevent the widespread adoption of small arms among end-users. Additionally, the illicit reactivation of poorly deactivated small arms raises security concerns about the use of small arms devices and equipment. However, major manufacturers have invested in the development of new technologies, such as smart gun technology, user-identification systems, and biometric locks, to help circumvent security issues and technical constraints. Furthermore, advancements in material science and manufacturing technologies, such as 3D printing, are creating new avenues of opportunities for small arms production and design and enhancing performance and customization.

The Americas region, particularly the United States, retains a substantial share of the small arms industry owing to its strong gun culture, well-established firearms industry, and high military expenditure. Additionally, civilian gun ownership rates are increasing rapidly, with hunting and sports shooting being significant market drivers. The region is characterized by the presence of key small arms manufacturers, fostering innovation and growth. Europe's demand for small arms is characterized by a diverse range of regulations and demand patterns. Eastern European countries, influenced by historical ties to the military-industrial complex, exhibit considerable demand for small arms amid geopolitical tensions. Western European nations with stricter gun laws show sustained demand primarily for sporting and law enforcement applications. The region witnesses advancements in arms manufacturing technology, with a focus on precision engineering and the minimization of the environmental impact of firearms production and disposal. APAC economies such as China, South Korea, and India are significantly investing in military modernization programs, which encompass procurements of small arms. Additionally, local conflicts and counter-insurgency operations necessitate the quick deployment of small arms.

Market Segmentation & Coverage:

This research report categorizes the Small Arms Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Machine Gun, Others, Pistol, Revolver, Rifles, and Shotgun. The Shotgun is projected to witness significant market share during forecast period.

Based on Cutting, market is studied across Smooth Bore and Threaded/Rifled. The Threaded/Rifled is projected to witness significant market share during forecast period.

Based on Caliber, market is studied across 12.7mm, 14.5mm, 5.56mm, 7.62mm, and 9mm. The 7.62mm is projected to witness significant market share during forecast period.

Based on Technology, market is studied across Guided and Unguided. The Unguided is projected to witness significant market share during forecast period.

Based on Action, market is studied across Automatic and Semi-Automatic. The Automatic is projected to witness significant market share during forecast period.

Based on Firing System, market is studied across Gas-Operated, Manual, and Recoil-Operated. The Recoil-Operated is projected to witness significant market share during forecast period.

Based on End-Use Sector, market is studied across Civil & Commercial and Defense. The Civil & Commercial is further studied across Hunting, Self-defense, and Sporting. The Defense is further studied across Law Enforcement and Military. The Defense is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.29% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Small Arms Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Small Arms Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Small Arms Market, highlighting leading vendors and their innovative profiles. These include Benelli Armi S.p.A., Browning, Carl Walther GmbH, Colt's Manufacturing LLC, Czech Small Arms, s.r.o., Daniel Defense Inc., Fabbrica d'Armi Pietro Beretta S.p.A., Glock Inc., Heckler and Koch GmbH, Henry RAC Holding Corp., Heritage Manufacturing, Inc., HS PRODUKT d.o.o., Israeli Weapon Industries by SK Group, Kalashnikov Group, Kimber Mfg, Inc., O.F. Mossberg & Sons, Radical Firearms, LLC., RemArms LLC., Savage Arms, Inc., Sig Sauer, Inc., Smith & Wesson Brands Inc., Sportsman's Warehouse Holdings, Inc., Springfield Armory Inc., Steyr Arms GmbH, Sturm, Ruger & Co., Inc., Taurus Holdings, Inc., and WM. C. Anderson Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Small Arms Market, by Type
7. Small Arms Market, by Cutting
8. Small Arms Market, by Caliber
9. Small Arms Market, by Technology
10. Small Arms Market, by Action
11. Small Arms Market, by Firing System
12. Small Arms Market, by End-Use Sector
13. Americas Small Arms Market
14. Asia-Pacific Small Arms Market
15. Europe, Middle East & Africa Small Arms Market
16. Competitive Landscape
17. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Small Arms Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Small Arms Market?
3. What is the competitive strategic window for opportunities in the Small Arms Market?
4. What are the technology trends and regulatory frameworks in the Small Arms Market?
5. What is the market share of the leading vendors in the Small Arms Market?
6. What modes and strategic moves are considered suitable for entering the Small Arms Market?

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