Small Arms Market Growth, Industry Challenges, Key Vendors by Forecast to 2023

Research Reports

Jan 18, 2021

Market Insight

Small arms are weapons designed for individual use. It can launch a bullet or other projectiles by the action of an explosive. Unlike few light weapons, all small arms (firearm along with its ammunition) can be transported and operated by a single individual on foot. Furthermore, these weapons can also be procured by civilians for self-defense. According to the Small Arms Survey publication, there are an estimated 875 million small arms in circulation worldwide, produced by more than 1,000 companies from nearly 100 countries. It also estimates that the annual authorized trade exceeds USD 8.5 billion.

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Key Players

The key players in the Global Small Arms Market are Accuracy International Ltd. (UK), American Outdoor Brands Corporation (US), Beretta Holding SpA (Italy), Colt’s Manufacturing Company, LLC (US), Glock Ges.m.b.H. (Austria), Heckler & Koch GmbH (Germany), Herstal SA (Belgium), Remington Outdoor Company (US), Steyr Arms GmbH (Austria), and Sturm, Ruger & Co., Inc. (US).

Market Segment

Global Small Arms Market has been segmented based on type, barrel, operation, end-user, and region.

Based on barrel, the small arms market is divided into rifled-bore and smooth-bore. The rifled-bore is estimated to account for the largest market share and is projected to witness a higher CAGR during the forecast period. According to ARES 2016, rifling refers to the internal geometry, typically either spiral grooves or polygonal faces inside the bore which engage the projectile and cause it to rotate as it is accelerated up the barrel. This rotation imparts gyroscopic stability to the projectile, ensuring that it flies accurately and point first.

Based on operation, the Small Arms Market is divided into manually-operated firearm and self-loading firearm. The self-loading firearm segment is further divided into semi-automatic firearm and automatic firearm. The self-loading firearm segment is estimated to account for the largest market share and is projected to witness a higher CAGR during the forecast period as all these systems doesn’t require the shooter to physically manipulate one or more components of the fire the weapon. Self-loading firearms include a wide variety of operating mechanisms such as recoil-operated, gas-operated, among others.

Based on end-user, the Small Arms Market is divided into armed forces, law enforcement, sporting & hunting, and civilian self-defense. The armed forces segment is estimated to account for the largest market share while the sporting & hunting segment projected to witness the highest CAGR during the forecast period owing to the increasing procurement of small arms by sporting enthusiasts for applications such as target shooting, hunting, among others.

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