Global Handgun Market Size study & Forecast, by Type, by Operation, by End-User and Regional Analysis, 2023-2030

Description

List of Tables

Global Handgun Market is valued at approximately USD 3.12 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.6% during the forecast period 2023-2030. A handgun is a compact firearm designed to be held and operated with one hand. It typically features a shorter barrel compared to larger firearms such as rifles or shotguns, and it is commonly used for self-defense, law enforcement, military applications, and sport shooting. The Handgun Market is expanding because of factors such as growing technological advancements, a rise in crime and terrorism globally and growing demand from global militaries.

As geopolitical tensions persist and security concerns intensify in various regions around the world, governments, military forces, and law enforcement agencies increasingly prioritize the procurement of firearms, including handguns, to bolster defense capabilities and maintain law and order. Moreover, the surge in global arms trade reflects this heightened demand, driven by a multitude of factors such as geopolitical rivalries, territorial disputes, and counterterrorism efforts. According to the Stockholm International Peace Research Institute (SIPRI) in 2023, there was a 47 %increase in the imports of major arms by European states between 2013-17 and 2018-22. During the same period, imports to East Asia and certain states in other areas of high geopolitical tension experienced significant rises. The United States' share of global arms exports increased from 33 to 40%, while Russia's decreased from 22% to 16%. Additionally, Ukraine emerged as the world's third-largest importer of firearms in 2023, as reported by the same study. Furthermore, due to rising concerns about personal safety and security continuing to grow worldwide, civilians increasingly seek firearms for self-defense purposes and recreational shooting activities. This heightened demand reflects a broader societal trend towards individual empowerment and preparedness in the face of perceived threats, ranging from home invasions to instances of violent crime. However, stringent regulatory compliances stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Handgun Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to factors such as a high defense budget, an increasing number of households with firearms in the region, the presence of major suppliers of arms and weapons and a rise in overall military personnel present in the region. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as growth in cross-border conflicts, increasing spending on defense infrastructure, and a rise in terrorism activities.

Major market player included in this report are:

Glock GmbH
SIG Sauer
Sturm, Ruger & Co., Inc.
FN Hestral
Israel Weapon Industries
Fabbrica d'Armi Pietro Beretta SpA
Colt's Manufacturing Company LLC
Smith & Wesson
Heckler & Koch GmbH
Kalashnikov Group

Recent Developments in the Market:

In July 2023, The Australian federal government granted a multi-million-dollar contract to a Queensland-based company for the procurement and delivery of a next-generation of small arms to the Australian Defense Force (ADF). This contract was part of a USD 500 million pledge aimed at outfitting Australia's soldiers, marines, and air force with cutting-edge lethal weapons systems.
In Aug 2023, India's state-owned company, Advanced Weapons and Equipment India Limited (AWEIL), unveiled a long-range revolver named 'Prabal'. The Prabal revolver offers a firing range of up to 50 meters, which is more than double that of other Indian revolvers on the market.
In October 2022, MD Charlton (MDC), a Canadian distributor of tactical equipment, received a contract to supply the C22 full-frame modular pistol (Sig Sauer P320) and holster system. The initial contract was valued at USD 3.2 million, with additional options that, if activated, could increase its worth to USD 7.6 million. The agreement also encompassed the provision of spares and training for operators and maintenance personnel. Initially, the contract enabled the Canadian Army to acquire 7,000 pistols and holster systems.

Global Handgun Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Operation, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Single-Shot Handguns
Revolver

By Operation:

Automatic
Semi-Automatic
Manual

By End-User:

Defense & Homeland Security
Self-Defense
Sports
Hunting
Law Enforcement

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Handgun Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Handgun Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Handgun Market, by Operation, 2020-2030 (USD Billion)
- 1.2.4. Handgun Market, by End-User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Handgun Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Handgun Market Dynamics

3.1. Handgun Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing technological advancements
  - 3.1.1.2. Rise in crime and terrorism globally
  - 3.1.1.3. Growing demand from global militaries
- 3.1.2. Market Challenges
  - 3.1.2.1. Stringent regulatory compliances
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rise in personal safety and security concerns
  - 3.1.3.2. Growing geopolitical tensions

Chapter 4. Global Handgun Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Handgun Market, by Type

5.1. Market Snapshot
5.2. Global Handgun Market by Type, Performance - Potential Analysis
5.3. Global Handgun Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Handgun Market, Sub Segment Analysis
- 5.4.1. Single-Shot Handguns
- 5.4.2. Revolver

Chapter 6. Global Handgun Market, by Operation

6.1. Market Snapshot
6.2. Global Handgun Market by Operation, Performance - Potential Analysis
6.3. Global Handgun Market Estimates & Forecasts by Operation 2020-2030 (USD Billion)
6.4. Handgun Market, Sub Segment Analysis
- 6.4.1. Automatic
- 6.4.2. Semi-Automatic
- 6.4.3. Manual

Chapter 7. Global Handgun Market, by End-User

7.1. Market Snapshot
7.2. Global Handgun Market by End-User, Performance - Potential Analysis
7.3. Global Handgun Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
7.4. Handgun Market, Sub Segment Analysis
- 7.4.1. Defense & Homeland Security
- 7.4.2. Self-Defense
- 7.4.3. Sports
- 7.4.4. Hunting
- 7.4.5. Law Enforcement

Chapter 8. Global Handgun Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Handgun Market, Regional Market Snapshot
8.4. North America Handgun Market
- 8.4.1. U.S. Handgun Market
  - 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Operation breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. End-User breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Handgun Market
8.5. Europe Handgun Market Snapshot
- 8.5.1. U.K. Handgun Market
- 8.5.2. Germany Handgun Market
- 8.5.3. France Handgun Market
- 8.5.4. Spain Handgun Market
- 8.5.5. Italy Handgun Market
- 8.5.6. Rest of Europe Handgun Market
8.6. Asia-Pacific Handgun Market Snapshot
- 8.6.1. China Handgun Market
- 8.6.2. India Handgun Market
- 8.6.3. Japan Handgun Market
- 8.6.4. Australia Handgun Market
- 8.6.5. South Korea Handgun Market
- 8.6.6. Rest of Asia Pacific Handgun Market
8.7. Latin America Handgun Market Snapshot
- 8.7.1. Brazil Handgun Market
- 8.7.2. Mexico Handgun Market
8.8. Middle East & Africa Handgun Market
- 8.8.1. Saudi Arabia Handgun Market
- 8.8.2. South Africa Handgun Market
- 8.8.3. Rest of Middle East & Africa Handgun Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Glock GmbH
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. SIG Sauer
- 9.3.3. Sturm, Ruger & Co., Inc.
- 9.3.4. FN Hestral
- 9.3.5. Israel Weapon Industries
- 9.3.6. Fabbrica d'Armi Pietro Beretta SpA
- 9.3.7. Colt's Manufacturing Company LLC
- 9.3.8. Smith & Wesson
- 9.3.9. Heckler & Koch GmbH
- 9.3.10. Kalashnikov Group

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Handgun Market, report scope
TABLE 2. Global Handgun Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Handgun Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Handgun Market estimates & forecasts by Operation 2020-2030 (USD Billion)
TABLE 5. Global Handgun Market estimates & forecasts by End-User 2020-2030 (USD Billion)
TABLE 6. Global Handgun Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Handgun Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Handgun Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Handgun Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Handgun Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Handgun Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Handgun Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Handgun Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Handgun Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Handgun Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Handgun Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Handgun Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Handgun Market
TABLE 71. List of primary sources, used in the study of global Handgun Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Handgun Market, research methodology
FIG 2. Global Handgun Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Handgun Market, key trends 2022
FIG 5. Global Handgun Market, growth prospects 2023-2030
FIG 6. Global Handgun Market, porters 5 force model
FIG 7. Global Handgun Market, pest analysis
FIG 8. Global Handgun Market, value chain analysis
FIG 9. Global Handgun Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Handgun Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Handgun Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Handgun Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Handgun Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Handgun Market, regional snapshot 2020 & 2030
FIG 15. North America Handgun Market 2020 & 2030 (USD Billion)
FIG 16. Europe Handgun Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Handgun Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Handgun Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Handgun Market 2020 & 2030 (USD Billion)