Small Arms Market Size, Share, Industry Trends and Forecast to 2033
This report provides comprehensive insights into the Small Arms market from 2023 to 2033, including market size, growth forecasts, industry dynamics, and regional analyses. It serves as a key resource for stakeholders looking to understand market trends and competitive landscapes.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $10.00 Billion |
| CAGR (2023-2033) | 7.2% |
| 2033 Market Size | $20.44 Billion |
| Top Companies | Smith & Wesson, Glock, Beretta, Remington Arms |
| Last Modified Date | 15 Nov 2024 |
Small Arms Market Report (2023 - 2033)
Small Arms Market Overview
What is the Market Size & CAGR of Small Arms market in 2023?
Small Arms Industry Analysis
Small Arms Market Segmentation and Scope
Request a custom research report for industry.
Small Arms Market Analysis Report by Region
Europe Small Arms Market Report:
Europe's small arms market is expected to grow from $3.28 billion in 2023 to $6.71 billion by 2033. Increasing tensions in politics and defense strategies among European nations, along with rising civilian interest in firearms for sporting and personal defense, are pivotal factors driving this growth. National regulations affecting firearm ownership also play a significant role in shaping the market dynamics.Asia Pacific Small Arms Market Report:
The Asia Pacific region is poised for noteworthy growth in the small arms market, projected to increase from $1.80 billion in 2023 to $3.68 billion by 2033. Factors such as rising defense budgets by nations such as India and China, alongside growing civilian firearms ownership due to security concerns, contribute to this growth. Governments are also investing in modernizing their military arsenals, further propelling market demand.North America Small Arms Market Report:
The North American region is anticipated to experience strong growth, with the market size projected to escalate from $3.42 billion in 2023 to $6.99 billion by 2033. The U.S. leads this growth due to a robust culture of firearm ownership, ongoing regulatory discussions, and increasing military expenditures. The demand for hunting and sporting firearms remains stable, complemented by growing interest in personal defense.South America Small Arms Market Report:
In South America, the small arms market is expected to double from $0.39 billion in 2023 to $0.79 billion in 2033. Increased crime rates and the need for civil protection are driving firearm sales. Brazil, in particular, has seen recent policy shifts toward more liberal gun ownership laws, fostering an environment for market growth.Middle East & Africa Small Arms Market Report:
The Middle East and Africa are projected to see an increase in the small arms market from $1.11 billion in 2023 to $2.26 billion by 2033. The region's geopolitical instability and conflicts create a persistent demand for military firearms. Additionally, emerging civilian firearm markets are showing growth potential due to rising personal safety concerns.Request a custom research report for industry.
Small Arms Market Analysis By Product Type
Global Small-Arms Market, By Product Type Market Analysis (2023 - 2033)
The small arms market by product type reveals firearms commanding the largest share, amounting to $6.63 billion in 2023 and projected to rise to $13.55 billion by 2033, encapsulating 66.3% of the market. Ammunition follows, growing from $2.36 billion to $4.83 billion, while accessories, currently at $1.01 billion, are expected to reach $2.06 billion by 2033, signifying a comprehensive ecosystem around small arms.
Small Arms Market Analysis By Application
Global Small-Arms Market, By Application Market Analysis (2023 - 2033)
In terms of application, the civilian segment takes precedence, valued at $6.63 billion, and is expected to grow to $13.55 billion by 2033. This constitutes approximately 66.3% of the total market share. The government agencies segment is also significant, projected to increase from $2.36 billion to $4.83 billion, accounting for 23.64% of the share. The military application maintains a steady growth curve as well, aligning with global defense spending trends.
Small Arms Market Analysis By Distribution Channel
Global Small-Arms Market, By Distribution Channel Market Analysis (2023 - 2033)
The small arms market distribution channels heavily favor online sales, anticipated to grow from $8.25 billion in 2023 to $16.86 billion by 2033, representing an 82.46% share of the market. Offline stores also play a crucial role, although they hold a smaller share, expected to increase from $1.75 billion to $3.59 billion by the end of the forecast period.
Small Arms Market Analysis By End User
Global Small-Arms Market, By End-User Market Analysis (2023 - 2033)
End-user analysis reveals civilians as the primary consumers, indicating a growing trend in personal firearm ownership driven by self-defense motivations. The law enforcement segments are also crucial for market stability, projected to rise from $2.20 billion in 2023 to $4.49 billion earmarked for 2033.
Small Arms Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Small Arms Industry
Smith & Wesson:
Smith & Wesson is a renowned manufacturer of firearms, particularly known for their revolvers and semi-automatic pistols. Their commitment to innovation in firearm technology has made them a leading player in the small arms sector.Glock:
Glock is an established name in the firearms industry, recognized for its high-quality, reliable handguns that cater to law enforcement and civilian markets. Their focus on safety features and performance positions them as a market leader.Beretta:
As one of the oldest firearm manufacturers globally, Beretta offers a wide range of rifles and handguns known for their craftsmanship and reliability, appealing to both military and civilian users.Remington Arms:
Remington Arms specializes in manufacturer firearms and ammunition, focusing on rifles and shotguns that meet sporting, hunting, and self-defense needs. Their history and market knowledge bolster their prominence in the industry.We're grateful to work with incredible clients.
