Small Arms Market Report by Type (Pistol, Revolver, Rifle, Machinegun, and Others), Application (Military, Law Enforcement, and Others), Caliber (5.56 mm, 7.62 mm, 9 mm, and Others), Technology (Guided, Unguided), Cutting Type (Rifled, Smoothed Bore), Operation (Automatic, Semi-automatic, Manual), and Region 2024-2032

Small Arms Market Report by Type (Pistol, Revolver, Rifle, Machinegun, and Others), Application (Military, Law Enforcement, and Others), Caliber (5.56 mm, 7.62 mm, 9 mm, and Others), Technology (Guided, Unguided), Cutting Type (Rifled, Smoothed Bore), Operation (Automatic, Semi-automatic, Manual), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3056
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Market Overview:

The global small arms market size reached US$ 10.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032. The rising terrorist threats, increasing cross-border security issues, and the growing investments in the military and defense sector represent some of the key factors driving the market.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 10.1 Billion
Market Forecast in 2032
US$ 15.7 Billion
Market Growth Rate (2024-2032) 4.9%


Small arms are portable, lethal weapons designed to use by an individual or a small group of people to launch a shot, bullet, and projectile for explosive action. They include handguns, rifles, revolvers, self-loading pistols, carbines, assault rifles, light and sub-machine guns, shotguns, submachine guns, and machine guns. They also incorporate ancillaries and accessories, such as slings, cleaning kits, optical sights, fore-grips and flashlights, oil bottles, under-barrel grenade launchers, and sound suppressors, to enhance the overall effectiveness and usefulness of weapons. Small arms are used by military and law enforcement agencies to protect citizens, maintain order, and provide national defense. They are also employed for self-defense, hunting, sport shooting, and prevention from theft and damage by predators and thieves. At present, automatic, semi-automatic, and manual small arms are available as per the needs of military and law enforcement agencies across the globe.

Global Small Arms Market

Small Arms Market Trends:

At present, the growing global population and increasing cross-border security issues represent one of the key factors positively influencing the market across the globe. In addition, rising terrorist threats and increasing demand for personal safety and security are catalyzing the demand for small arms for self-defense, especially in regions with high crime rates and political instability. Besides this, governments of various countries are acquiring advanced weapon systems to modernize police forces and prevent human rights violations. This, in confluence with the increasing investments in the upgradation of equipment and weapons by law enforcement agencies, is creating a favorable market outlook around the world. Additionally, increasing domestic crime rates, along with the imposition of several laws are enabling the possession of weapons for self-defense purposes, are offering lucrative growth opportunities to key market players operating worldwide. In line with this, customers are increasingly looking for customized and personalized firearms that suit their specific needs and preferences. This, along with the growing incidents of theft and burglaries, is promoting the utilization of small arms around the world. Moreover, the escalating demand for lightweight, high-precision and compact weapons is creating a favorable market outlook. Furthermore, inflating disposable incomes and increasing interest in shooting sports are stimulating the growth of the market around the world.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global small arms market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, application, caliber, technology, cutting type, and operation.

Type Insights:

  • Pistol
  • Revolver
  • Rifle
  • Machinegun
  • Others
     

The report has provided a detailed breakup and analysis of the small arms market based on the type. This includes pistol, revolver, rifle, machinegun, and others. According to the report, pistol represented the largest segment.

Application Insights:

  • Military
  • Law Enforcement
  • Others
     

A detailed breakup and analysis of the small arms market based on the application has also been provided in the report. This includes military, law enforcement, and others. According to the report, military accounted for the largest market share.

Caliber Insights:

  • 5.56 mm
  • 7.62 mm
  • 9 mm
  • Others
     

A detailed breakup and analysis of the small arms market based on the caliber has also been provided in the report. This includes 5.56 mm, 7.62 mm, 9 mm, and others. According to the report, 9 mm accounted for the largest market share.

Technology Insights:

  • Guided
  • Unguided
     

A detailed breakup and analysis of the small arms market based on the technology has also been provided in the report. This includes guided and unguided. According to the report, guided accounted for the largest market share.

Cutting Type Insights:

  • Rifled
  • Smoothed Bore
     

A detailed breakup and analysis of the small arms market based on the cutting type has also been provided in the report. This includes rifled and smoothed bore. According to the report, rifled accounted for the largest market share.

Operation Insights:

  • Automatic
  • Semi-automatic
  • Manual
     

A detailed breakup and analysis of the small arms market based on the operation has also been provided in the report. This includes automatic, semi-automatic, and manual. According to the report, automatic accounted for the largest market share.

Regional Insights:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for small arms. Some of the factors driving the North America small arms market included technological advancements, extensive research and development (R&D) activities, high investment in the military and defense sector, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global small arms market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Beretta Holding S.P.A, Colt’s Manufacturing Company LLC, Glock Ges M.B.H, Fabbrica dArmi Pietro Beretta S.p.A., Heckler & Koch GmbH, Herstal SA, Israeli Weapon Industries, Remington Arms Company LLC, Smith & Wesson Holding Corporation, Sturm, Ruger & Company Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Application, Caliber, Technology, Cutting Type, Operation, Region
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Beretta Holding S.P.A, Colt’s Manufacturing Company LLC, Glock Ges M.B.H, Fabbrica dArmi Pietro Beretta S.p.A., Heckler & Koch GmbH, Herstal SA, Israeli Weapon Industries, Remington Arms Company LLC, Smith & Wesson Holding Corporation, Sturm, Ruger & Company Inc., etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the small arms market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global small arms market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the small arms industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global small arms market was valued at US$ 10.1 Billion in 2023.

We expect the global small arms market to exhibit a CAGR of 4.9% during 2024-2032.

The rising number of cross-border security issues and terrorist threats, along with the increasing demand for lightweight, high-precision, and compact weapons, such as small arms, for personal safety and security, is primarily driving the global small arms market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for small arms.

Based on the type, the global small arms market has been bifurcated into pistol, revolver, rifle, machinegun, and others, where pistol currently exhibits a clear dominance in the market.

Based on the application, the global small arms market can be segmented into military, law enforcement, and others. Currently, military holds the majority of the total market share.

Based on the caliber, the global small arms market has been divided into 5.56 mm, 7.62 mm, 9 mm, and others. Among these, 9 mm currently exhibits a clear dominance in the market.

Based on the technology, the global small arms market can be categorized into guided and unguided. Currently, guided accounts for the majority of the global market share.

Based on the cutting type, the global small arms market has been segregated into rifled and smoothed bore, where rifled currently holds the largest market share.

Based on the operation, the global small arms market can be bifurcated into automatic, semi-automatic, and manual. Currently, automatic exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global small arms market include Beretta Holding S.P.A, Colt’s Manufacturing Company LLC, Glock Ges M.B.H, Fabbrica dArmi Pietro Beretta S.p.A., Heckler & Koch GmbH, Herstal SA, Israeli Weapon Industries, Remington Arms Company LLC, Smith & Wesson Holding Corporation, Sturm, Ruger & Company Inc., etc.

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Small Arms Market Report by Type (Pistol, Revolver, Rifle, Machinegun, and Others), Application (Military, Law Enforcement, and Others), Caliber (5.56 mm, 7.62 mm, 9 mm, and Others), Technology (Guided, Unguided), Cutting Type (Rifled, Smoothed Bore), Operation (Automatic, Semi-automatic, Manual), and Region 2024-2032
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