Small Arms Market
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.
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Small Arms Market
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%.
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.
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Small Arms Market
Key Benefits For Stakeholders
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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.
Purchase Enquiry
•SCI Technology, Inc.
•Skytrac Systems Ltd.
•Teledyne Controls LLC
•Thales Group
•The Boeing Company
Small Arms Market
Major Companies:
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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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Small Arms Market
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