Small Arms Market - Trends Forecast Till 2028

Market Overview

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 2021-2028.

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.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. With disrupted supply chains and assembly lines along with the non decided delivery orders have made a downfall to the sector.

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.

Insights are provided for each region and major countries within the regions

Competitive Landscape

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.

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.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Small Arms market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope