Small Arms Market

The Global Global Small Arms Market Industry is also influenced by the rising civilian demand for firearms. Factors such as personal safety concerns, hunting, and sport shooting contribute to this trend. In many countries, there is a growing acceptance of firearm ownership, leading to increased sales of small arms to civilians. For instance, the number of registered firearms in the United States has reached over 400 million, reflecting a robust civilian market. This demand is expected to sustain the growth of the industry, as manufacturers adapt their offerings to meet the needs of civilian customers.

The Global Global Small Arms Market Industry is experiencing growth driven by increasing defense budgets across various nations. Countries are prioritizing military modernization and enhancing their defense capabilities, leading to a surge in demand for small arms. For instance, the global defense spending is projected to reach approximately 2.1 trillion USD in 2024, with a significant portion allocated to small arms procurement. This trend indicates a robust market environment, as governments seek to bolster their military readiness in response to evolving security threats. As a result, the Global Global Small Arms Market Industry is anticipated to grow to 10.1 USD Billion in 2024.

Regulatory changes and policies play a significant role in shaping the Global Global Small Arms Market Industry. Governments are continuously revising their firearms regulations, which can either facilitate or hinder market growth. For example, some countries are implementing stricter controls on firearm sales, while others are easing restrictions to promote civilian ownership. These regulatory environments can create opportunities for manufacturers to expand their market presence or adapt their strategies accordingly. As such, understanding the regulatory landscape is crucial for stakeholders in the Global Global Small Arms Market Industry.

Geopolitical tensions are a critical driver of the Global Global Small Arms Market Industry. Ongoing conflicts and territorial disputes in regions such as Eastern Europe and the Middle East have heightened the demand for small arms. Nations are increasingly investing in their military capabilities to address perceived threats, which in turn fuels the small arms market. For example, the conflict in Ukraine has prompted neighboring countries to enhance their military arsenals. This environment of uncertainty is likely to sustain the market's growth trajectory, with projections indicating an increase to 18.1 USD Billion by 2035.

Technological advancements are reshaping the Global Global Small Arms Market Industry, leading to the development of more efficient and effective weaponry. Innovations such as smart ammunition, modular weapon systems, and enhanced targeting technologies are becoming increasingly prevalent. These advancements not only improve the operational capabilities of small arms but also attract investment from defense contractors and governments alike. As a result, the market is poised for growth, with a projected compound annual growth rate of 5.5% from 2025 to 2035. This trend underscores the importance of technological innovation in driving market dynamics.

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Europe Small Arms market accounted for ~37% in 2022. North America, which includes the United States, Canada and Mexico, is a major participant in the Small Arms Market. This market comprises handguns, rifles, shotguns, submachine guns, ammunition , and corresponding accouterments. Multiple regionally-specific factors have contributed to North America's sustained development in the small arms industry. The region's profoundly ingrained firearm culture is among the most important contributors to North America's small arms market growth.

The United States has a lengthy history of gun ownership dating back to its founding.

FIGURE 3: SMALL ARMS MARKET SIZE BY REGION 2022 VS 2032

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Europe market accounts for the second-largest market share. Europe plays an important role in the global market for small arms, characterized by disparate attitudes and regulations regarding firearms in various countries. This market includes various firearms, such as handguns, rifles, shotguns, and submachine guns, as well as their accessories and ammunition. Several regional factors have contributed to the market dynamics of European small armaments. Europe is a stronghold for competitive and recreational shooting, with countries such as Germany, the United Kingdom, and France hosting numerous shooting competitions and fostering thriving shooting sports communities.

This demand for firearms for recreational activities, such as hunting and target shooting, has been instrumental in driving the regional growth of the small arms market.

The Asia Pacific Small Arms Market is expected to grow at the fastest CAGR between 2022 and 2032. Asia-Pacific, comprised of numerous countries and cultures, plays a significant role in the global market for small arms. This dynamic market includes handguns, rifles, shotguns, and submachine weapons, in addition to their accessories and ammunition. Several factors unique to this extensive and diverse region drive the expansion of the small arms market in the Asia-Pacific region. The region's complex security environment is one of the main growth drivers for the Asia-Pacific small arms market.

Numerous nations in the Asia-Pacific region confront security issues, such as territorial disputes, insurgency, and organized crime. This has resulted in government contracts and procurement for small arms and light weapons used for military and law enforcement.Recent Development News : 

April 2024: Israel Weapons Industries, or IWI as it is more commonly known, revealed a new product, stressing that they have developed a ‘computerised small arms system’. The current modification of Israeli technology is called the Arbel and it includes a computer, an upgraded electronics system that includes sensors and a new Arbel firing mode along with a replaceable battery. The Arbel system while not intended as a fire control system, is meant to assist soldiers in avoiding errors and improving their performance, the Arbel system focuses on shooting during short engagements.

The Arbel system comes in two types, one for the assault rifle and the other for machine guns both created in 7.62×61 mm and 5.56×45 mm. Initially, the Arbel system came as an add-on for IWI’s Negev light machine but has since then been extended to the companies’ Arad, Tavor, and X95 Mini Tavor among others.

August 2024: AWEIL launched a 50-meter range revolver on the market ‘Prabal’, India’s first long range revolver. As cater to a wider target audience the revolver is cheaper by half in comparison to similar products in this category and is designed to look more appealing while being lighter in overall weight. The revolver was announced during the small arms factory talking about its features and placement within the market. It is the only one in the country which has side wing cylinder making trigger pull easy and craftsmanship eases up the fall benefiting.

Made with metal injection mold technology, 'Prabal' weighs 700 grams (without cartridges), its barrel length 76 mm, while its overall length is 177.6 mm.

With a strong presence across different verticals and geographies, the Small Arms market is highly competitive and dominated by established, pure-play vendors. Over 30 vendors cater to this market, and they continually innovate their solutions to meet the evolving needs of businesses by adopting new technologies. These vendors have a robust geographic footprint and partner ecosystem to cater to diverse customer segments. The Small Arms market is highly competitive, with many vendors offering similar products and services.

The major players in the market include Beratta Holding, Heckler Holding Inc, Sturnm Ruger, & Co Inc, and others. Beretta Holding S.A. is committed to producing high-quality firearms. The company uses only the best materials and components in its products and has a rigorous quality control process.

The Small Arms Market is consolidated, increasing competition, acquisitions, mergers, and other strategic market developments and decisions to improve operational effectiveness.