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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Service Handgun Market
Request Now !A handgun is a firearm having a magazine well and a short-barrel that can be held and used with one hand. Service handguns are specifically issued to law enforcement officers and military personnel to be used as personal or ordnance weapons. The two basic types of handguns are revolvers and pistols. Moreover, these service handguns are provided to military personnel and officers of civil law enforcement to safeguard their interests along with maintaining national security. The rising trend to upgrade the existing weapon systems fuels the demand for service handguns.Â
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast unit |  Value (USD) |
 Segments covered |  Type, Material, Safety, and Application |
 Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa) |
 Companies covered | Baretta, Smith and Wesson, Remington Arms Company LLC, GLOCK Ges.m.b.H., Ruger & Co. Inc., Ceska zbrojovka uhersky brod, Colt's Manufacturing Company, LLC, FN HERSTAL, Heckler and Koch, and SIG SAUER |
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COVID-19 scenario analysis:Â
The increasing need to improve the law enforcement strength of nations is pushing the demand for the global service handgun market. Moreover, the rise in spending by government institutions is expected to foster the application of service handguns in the military as well as law enforcement applications. In addition, the old and obsolete handguns need to be replaced with new and advanced equipment to keep in consistent pace with the dynamic market. Moreover, the demand for light weapons has also increased over the period, thereby boosting the growth of the global service handguns market. Among different types of service handguns, pistol is expected to develop a significant demand due to its larger bullet holding capacity.Â
The global service handgun market trends are as follows:
Government organizations play a vital role in creating a significant demand for service handguns. This is followed by an increase in the application of service armors in law enforcement and military application. In addition, the rise in defense budget, approved by the government of several nations, to bolster the military strength and maintain the safety of the defense personnel extracts the maximum demand for the product. Although the military and law enforcement sectors have different service fields, the need to maintain the security of personnel on duty remains the same. Furthermore, governments of developing nations enhance the capabilities of their military organizations, thereby generating sufficient demand for service handguns.Â
Pistols generally have a larger bullet holding capacity in comparison to those of revolvers. In addition, on a standard magazine, a pistol can hold up to 17 rounds whereas the capacity of revolvers is very less. Moreover, the high accuracy rate of pistols makes them a preferable option for service personnel. The ease in accessibility and mobility of pistols boost their demand in the global service handguns market. Furthermore, the integration of technology allows the development of lightweight pistols with improved efficiency. Such factors are responsible for fueling the demand for pistols in the global market.
Key segments covered:
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Key benefits of the report:
Questions answered in the service handgun market research report:
Key Market Segments
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Key Market Players
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