Small Arms Market Importance, Segmentations, Gross Margin and Segment Forecasts 2020 – 2027
Research Reports
Jan 18, 2021
Market Size – USD 4.65 billion in 2019, Market Growth – CAGR of 4.8%, Market Trends – Higher demand for the smart guns or hitech small arms
The latest market evaluation report on the Small Arms market explores how the Small Arms market will continue to expand for the forecast period 2020 – 2027. The study further serves as a unique research for stakeholders, product owners, and field marketing executives looking for actionable data and unique resource on market size, share, and growth. The market intelligence report gives business evangelists an authority to review the major trends, opportunities, and challenges expected to shape the future of the industry during the estimated period. Importantly, the study not only helps spot the major vendors but also their winning strategies.
The real-time data accumulated through qualitative and quantitative research technique further help business owners determine where they stand in comparison to their region, country, and product category.
The global market landscape of Small Arms is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
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Further key findings from the report suggest
In January 2020, The Adani Group, an Indian conglomerate, announced its acquisition of a small arms business facility in Gwalior, India. With this acquisition, the company entered in the small arms business where the company will be capable of producing machine guns, carbines, and other small arms.
The polymer sub-segment is growing with the fastest CAGR of 6.3% owing to its higher efficiency in the manufacturing with 3D printing techniques and reduction in the overall costing with higher applicability in the sports and hunting purposes.
The regions in the Asia Pacific lead by China, India, Pakistan, and South & North Korea are allotting a considerable budget for their defense & law enforcement grooming purposes. Besides, growing incidences of interpersonal stand-offs, asymmetric warfare, terrorist activities, domestic violence, along with higher economic development and enhancement in the manufacturing industry, deliberately help propel market enforcement.
Key players in the market Smith & Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, & Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta S.p.A., and Raytheon Company, among others.
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Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Pistols
Revolvers
Rifles
Machine Guns
Shotguns
Carbines
Others
End Users Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Military
Law Enforcement
Hunting
Sports
Self-defense
Caliber Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
56mm
62mm
9mm
7mm
5mm
Others
Technology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Guided
Unguided
Cutting Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Smooth Bore
Threaded
Firing Systems Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Gas-operated
Recoil-operated
Manually-operated
Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Steel
Aluminum
Polymer
Others
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