According to the latest report by IMARC Group, titled “Small Arms Market Report by Type (Pistol, Revolver, Rifle, Machinegun, and Others), Application (Military, Law Enforcement, and Others), Caliber (5.56 mm, 7.62 mm, 9 mm, and Others), Technology (Guided, Unguided), Cutting Type (Rifled, Smoothed Bore), Operation (Automatic, Semi-automatic, Manual), and Region 2025-2033,” the global small arms market size reached USD 10.6 Billion in 2024. Small arms refer to a range of compact, lethal weaponry meant for individual use or operation by a small team. These typically include handguns such as pistols and revolvers, long guns like rifles, carbines, and shotguns, as well as other handheld weapons, including grenades and landmines. They often consist of accessories, such as optical sights, cleaning gear, under-barrel grenade launchers, and sound suppressors, that enhance their overall performance and utility. Small arms are comparatively affordable, portable, and easier to use. As a result, they are extensively used by military forces, law enforcement agencies, and civilians for self-protection, hunting, sport shooting, and warding off threats from predators or thieves.
Global Small Arms Market Trends:
The global small arms market is mainly driven by escalating cross-border tensions and conflicts, leading to increased defense spending and military modernization programs by nations. Besides this, the surge in terrorist activities and the growing need for personal security, particularly in areas marred by high crime rates and political instability, are fueling the demand for small arms for self-defense. Moreover, the advent of new, technologically advanced weaponry for enhanced security and defense is creating a favorable outlook for market expansion. In addition to this, the surge in crime rates and civil unrest in various regions is necessitating the need for effective self-defense solutions and thereby boosting the product need among civilians. Concurrent with this, the growing consumer demand for customized firearms tailored to their unique needs, along with the rising popularity of recreational activities such as sport shooting and hunting activities, are propelling the market growth. Furthermore, the emergence of 3D-printed small arms that offer benefits, such as reduced manufacturing costs, customization capabilities, and quicker production times, is presenting remunerative growth opportunities for the market. Looking forward, the market value is projected to reach USD 16.2 Billion by 2033, expanding at a CAGR of 4.64% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Type, Application, Caliber, Technology, Cutting Type, Operation, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Beretta Holding S.P.A, Colt’s Manufacturing Company LLC, Glock Ges M.B.H, Fabbrica dArmi Pietro Beretta S.p.A., Heckler & Koch GmbH, Herstal SA, Israeli Weapon Industries, Remington Arms Company LLC, Smith & Wesson Holding Corporation and Sturm, Ruger & Company Inc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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