Small Arms Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity.
The global Small Arms market size is projected to reach USD 9.8 billion by 2026 at a CAGR of 2.4% from USD 8.9 billion in 2021 during the forecast period 2021 to 2028.
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Due to the raised air traffic along with militarization of police forces along with the changed nature of warfare are some of the factors that have supported long-term expansion for Small Arms Market.
Regional Analysis
North America is expected to be the largest market during the forecast period. Surge in defence expenditure across the nation along with the increased popularity of sporting and hunting activities amongst civilians have led to growth of the market in the region.
Key Players
· Colt’s Manufacturing LLC
· Sig Sauer
· Steyr Arms
· Remington Outdoor Company
· Smith & Wesson
· Daniel Defense Inc.
· Sturm
· Ruger & Co., Inc.
· Israel Weapons Industr
· Heckler & Koch Gmbh
· GLOCK Ges.m.b.H.
· Kalashnikov Group
· Èeská Zbrojovka a.s. and More
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Recent Developments
In May 2020, Colt Canada which is a subsidiary of Colt’s Manufacturing Company LLC, was offered a contract by the Canadian Department of National Defense which asked for the supply of 272 of the new C20 semi-automatic rifle.
In May 2020, Colt’s Manufacturing Company LLC was offered a contract by Joint Foreign Military Sales for supplying of M16A4 Rifles from the US Army.
Small Arms Market is segmented into End-use Sector, Caliber, Type, Firing System, Action, Cutting Type, Technology and geography.
On the basis of Type
· Pistol
· Revolver
· Rifles
· Shotgun
· Machine Gun
· Others
On the basis of Caliber
· 9mm
· 5.56mm
· 7.62mm
· 12.7mm
· 14.5mm
· Others
On the basis of Cutting Type
· Smooth bore
· Threaded/Rifled
On the basis of Firing System
· Gas-operated
· Recoil-operated
· Manual
On the basis of Technology
· Guided
· Unguided
· On the basis of Action
· Semi-automatic
· Automatic
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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