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2021
Small Arms Market

Small Arms Market

by End Use Sector (Civil & Commercial and Defense), Type (Pistol, Shotgun, Revolver, and Others), and Action (Automatic and Semi-Automatic): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A02762
Pages: 233
Oct 2021 | 10546 Views
Author(s) : Omkar Bachal , Sonia Mutreja
Tables: 110
Charts: 52
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Small Arms Market Statistics 2021- 2030 :

The global small arms market was valued at $8.39 billion in 2020, and is projected to reach $13.75 billion by 2030, registering a CAGR of 5.3%. North America was the highest revenue contributor, accounting for $3.33 billion in 2020, and is estimated to reach $5.81 billion by 2030, with a CAGR of 6.0%. 

The spread of the COVID-19 pandemic has negatively impacted the global small arms market. The defence equipment industry comprises thousands of small and medium-sized companies that are financed by the government. Attributed to adverse economic conditions triggered by the pandemic, several manufacturers had to shift their focus on keeping essential operations (due to project delays) running and helping the government in fighting against a unique set of challenges. Small arms industry was expected to witness steady growth in 2020; however, due to the adverse impact of the widespread COVID-19 pandemic, it experienced a significant decline in the supply of firearms for sports and law enforcement applications.

Small arms are specialized weapons used by any individual for self-defense as well as for recreational purposes. In addition, military and law enforcement personnel also make use of small arms for carrying out their respective operations. Small arms consist of various firearms such as pistol, shotgun, revolver, rifle, and other related systems. Sports events, hunting activities, and self-defense are the prominent application areas of firearms and it is expected to be lucrative opportunity in the upcoming years. Governments across the globe have introduced regulations and rules for small arms solution acquisition and usage activities. Growth in adoption of small arm solutions in sport events and increase in requirements of small arms for self-defense applications are crucial factors that support growth for small arms across the globe.

Small-Arms-Market

Factors such as rise in demand for small arms for competitive sporting events and growth in number of territorial conflicts across the globe are expected to drive growth of the small arms market. However, strict small arms ownership regulations restrain the market growth. On the contrary, increase in military expenditure globally and agreements & contracts with law enforcement and military agencies are projected to offer lucrative growth opportunities for the market players.

Small Arms Market
By End Use Sector

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Civil & Commercial segment is projected as the most lucrative segments

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The global small arms market is segmented on the basis of end use sector, type, action, and region. Depending on end use sector, the market is segregated into civil & commercial and defense. By type, it is categorized into pistol, shotgun, revolver, and others. Depending on action, it is fragmented into automatic and semi-automatic. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Leading players and their key business strategies have been analyzed in the report to gain a competitive insight into the market. Key players covered in the report include 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. 

Small Arms Market
By Type

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Pistol segment is projected as the most lucrative segments

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Rise in demand for small arms for competitive sporting events

Sports weapons are referred to as non-lethal weapons that includes rifle, pistol, and shotgun. These are intended for competitive shooting and recreational purposes. These guns differ from one lethal counterpart according to their technology, projectile, caliber, and others. Sports guns are lighter and more comfortable to use as compared to lethal guns such as AK 47, Rheinmetall MG 3, Uzi, and M4 Carbine. Rise in participation in various shooting sports acts as a key factor for the small arms market growth. Shooting sports include target shooting, high power rifle, popinjay, sporting clays, skeet shooting, and cowboy action shooting. In addition, people are increasingly participating in shooting sports globally, owing to various benefits such as they enhance physical health, focus, and sharpen eyesight. Furthermore, growth in participation of school and college kids/students in national level shooting sports is expected to promote growth of the market. Rise in participation for shooting competitions across the world is expected to fuel growth of the global small arms market during the forecast period

Growth in number of territorial conflicts across the globe

In recent years, the world has witnessed an upward trend in wars and conflicts across numerous nations. Recent political upheaval that happened in Afghanistan in August 2021 has brought the country in a permanent state of chaos. Rise in terrorist attacks and violent conflicts in the country are expected to lead to more unfavorable instances across neighboring nations in the future.  Currently, there are numerous ongoing wars and minor conflicts in several countries globally, most of which are in the Middle East, North West Asia, and Sub-Saharan Africa, and a major ongoing drug-war in Mexico. Nations across the world are buying arms and ammunitions to counter the terrorism, block the entry of enemy soldiers, and curb anti-national activities. Moreover, misfortunate events that happened last year in countries such as the U.S. and France have resulted in a large number of citizens carrying guns for self-defense purposes. Such factors are anticipated to propel growth of the global small arms market during the forecast period  

Small Arms Market
By Action

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Automatic is projected as the most lucrative segments

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Agreements and contracts with law enforcement and military agencies

Law enforcement agencies are the key consumers of small arms products & solutions. Procurement activities of these firearms are planned by considering budget allocations and security severity. Commencement of small arms solutions is anticipated to be carried out through long-term agreements and contracts between defense department, law enforcement agencies, and solution suppliers of small arms solution. These agreements mention a set of requirements that must be met in a certain timeframe. These contracts and agreements are associated with long-term business opportunities with these law enforcement agencies as well. Thus, market participants need to focus on winning contracts and agreements to gain a competitive advantage in the global market.

COVID-19 Impact Analysis 

Small arms industry was expected to witness steady growth in 2020; however, owing to the adverse impact of the widespread COVID-19 pandemic, it experienced a significant decline in the supply of firearms for sports and law enforcement applications. Major factors for decline in the small arms market are disruptions in manufacturing and supply chains across the globe. The major risk factors of the small arms market participants are regulatory & policy changes, dependency on labor, working capital management, and liquidity & solvency management. Majority of developing facilities of small arms have been shut down during the pandemic, owing to commute restrictions, workforce unavailability, and supply chain disturbance. Private and commercial security industries were one of the most severely affected industries by the pandemic and observed a decline of investments initially.

Small Arms Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

North America would exhibit the highest CAGR of 7.8% during 2021-2030.

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Key Benefits For Stakeholders

  • This study presents analytical depiction of the global Small Arms market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall small arms market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the global small arms market with a detailed impact analysis.
  • The current small arms market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By End Use Sector

  • Civil & Commercial
  • Defense

By Type

  • Pistol
  • Shotgun
  • Revolver
  • Others

By Action

  • Automatic
  • Semi-Automatic

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Spain
    • France
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • 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
  • Weihrauch & Weihrauch Sport GmbH & Co. KG
 

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The global small arms market is expected to witness significant growth, owing to growth in cross-border disputes, political unrest, growing, and up gradation of security agencies in various countries. Small arms are crucial sidearm solutions for law enforcement and military officials in tactical missions and related projects. North America is a leader in the small arms market, owing to changing security outlook and presence of small arms manufacturer across the region. The civil & commercial segment is witnessing rise in consumers in the global market and is expected to witness growth throughout the forecast period.

The global small arms market is a fairly fragmented market in which several market participants are operating. Market participants are focused to develop their sales footprints by entering into long-term contracts and agreements with military and law enforcement agencies. Moreover, market players are focused in product launch activities to gain competitive advantage. Numerous developments have been carried out by top companies, such as FN Herstal, Heckler & Koch, Smith & Wesson, Sturm, Ruger & Co., Inc., Taurus International, and Webley & Scott, which supplements growth of the global small arms market. Impact of the COVID-19 significantly affected the global small arms market in 2020.

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FREQUENTLY ASKED QUESTIONS?

A. The global small arms market was valued at $8,390.38 million in 2020, and is projected to reach $13,750.68 million by 2030, registering a CAGR of 5.3%.

A. Pistol, Shotgun, Revolver, Machine Guns among others are the different types of small arms

A. The report sample for global small arms market report can be obtained on demand from the website.

A. Defense mordernisation, and upgradation weponary system are the key trands of the small arms market

A. Factors such as increase in territorial conflicts worldwide, and growth in defense expenditure are expected to drive the growth of the military simulation and training market

A. The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated

A. CZG - Ceská zbrojovka Group SE, Smith & Wesson Brands, Inc., Sturm, Ruger & Co., Inc. are the key market players of the small arms market

A. The U.S., Germany and China are the key matured markets growing in the small arms industry

A. Increase in military expenditure globally and agreements & contracts with law enforcement and military agencies are projected to offer lucrative growth opportunities for the market players

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