Small Arms Market by Type, Cutting, Caliber, Technology, Action, Firing System, End-Use Sector

List of Tables

[182 Pages Report] The Small Arms Market size was estimated at USD 9.36 billion in 2023 and expected to reach USD 9.92 billion in 2024, at a CAGR 6.11% to reach USD 14.19 billion by 2030.

Small arms refer to a category of firearms designed primarily for individual use or operated by a single person. These weapons are typically handheld or carried and can be used with ease without requiring a team for operation or movement. This can include pistols, revolvers, rifles, light machine guns, and shotguns. Factors contributing to the growing adoption of small arms include the rising interest in sports shooting, increased military spending by countries aiming to modernize their defense arsenal, and the growing demand for self-defense weapons among civilians. Additionally, local and regional law enforcement agencies regularly invest in upgrading and expanding their small arms capabilities to ensure public safety and effective crime deterrence. However, illegal trading of small arms and the presence of substandard or counterfeit small arms equipment prevent the widespread adoption of small arms among end-users. Additionally, the illicit reactivation of poorly deactivated small arms raises security concerns about the use of small arms devices and equipment. However, major manufacturers have invested in the development of new technologies, such as smart gun technology, user-identification systems, and biometric locks, to help circumvent security issues and technical constraints. Furthermore, advancements in material science and manufacturing technologies, such as 3D printing, are creating new avenues of opportunities for small arms production and design and enhancing performance and customization.

KEY MARKET STATISTICS
Base Year [2023]	USD 9.36 billion
Estimated Year [2024]	USD 9.92 billion
Forecast Year [2030]	USD 14.19 billion
CAGR (%)	6.11%

Regional Insights

The Americas region, particularly the United States, retains a substantial share of the small arms industry owing to its strong gun culture, well-established firearms industry, and high military expenditure. Additionally, civilian gun ownership rates are increasing rapidly, with hunting and sports shooting being significant market drivers. The region is characterized by the presence of key small arms manufacturers, fostering innovation and growth. Europe's demand for small arms is characterized by a diverse range of regulations and demand patterns. Eastern European countries, influenced by historical ties to the military-industrial complex, exhibit considerable demand for small arms amid geopolitical tensions. Western European nations with stricter gun laws show sustained demand primarily for sporting and law enforcement applications. The region witnesses advancements in arms manufacturing technology, with a focus on precision engineering and the minimization of the environmental impact of firearms production and disposal. APAC economies such as China, South Korea, and India are significantly investing in military modernization programs, which encompass procurements of small arms. Additionally, local conflicts and counter-insurgency operations necessitate the quick deployment of small arms.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Small Arms Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing geopolitical tensions and law enforcement needs worldwide
- Rising provision of legal gun ownership to civilians
- Surging adoption of small arms for hunting and recreational sports

Market Restraints
- Technical and operational complexities of small arms

Market Opportunities
- Advancements in the design and capabilities of small arms
- Potential sales of small arms through online channels

Market Challenges
- Concern associated with the uncontrolled spread and misuse of small arms

Market Segmentation Analysis
- Type: Adoption of pistols by civilians for sporting and hunting activities
- Cutting: Advancements to improve performance of threaded/rifled barrels
- Technology: Private and public initiatives to improve the efficiency of military operations through the incorporation of guided technology
- End-Use Sector: Expanding defense spending leading to utilization of small arms for critical military operations

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Small Arms Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Small Arms Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

UK Ministry of Defence invests £20M in small arms ammunition

The UK Ministry of Defence confirmed a significant investment in its small arms capabilities with a new USD 24.4 million(~GBP 20 million) contract awarded to BAE Systems. This order is for the production of 5.56mm and 7.62mm ammunition, which will be manufactured at BAE Systems' facility at Radway Green. The partnership between the UK MOD and BAE Systems is an indicator of the Ministry's dedication to maintaining a well-stocked and reliable arsenal for its defense operations. [Published On: 2023-11-14]

Small arms company to invest $18M in Richland County expansion

FN America LLC, a global firearms producer and the American subsidiary of FN Herstal, S.A., has announced plans to invest USD 18 million into the expansion of its operations in Richland County. This strategic development initiative is set to bolster the company's manufacturing capabilities by incorporating an additional 40,000 square feet to its current facility near Old Clemson Road in Columbia. The expansion will increase production capacity and also accommodate new office spaces and establish a superior design center. [Published On: 2023-05-03]

ICOMM ties up with UAE's CARACAL for co-manufacturing of small arms in India

ICOMM entered into a partnership with the United Arab Emirates-based arms manufacturer CARACAL. This strategic alliance aims to establish a manufacturing hub in India geared towards the production of a comprehensive range of small arms. Under this collaboration, ICOMM is set to produce an extensive suite of CARACAL's small arms. The array of weaponry includes the highly adaptable EF pistol and the proficient CMP 9 submachine gun. [Published On: 2023-02-22]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Small Arms Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Small Arms Market, highlighting leading vendors and their innovative profiles. These include Benelli Armi S.p.A., Browning, Carl Walther GmbH, Colt's Manufacturing LLC, Czech Small Arms, s.r.o., Daniel Defense Inc., Fabbrica d'Armi Pietro Beretta S.p.A., Glock Inc., Heckler and Koch GmbH, Henry RAC Holding Corp., Heritage Manufacturing, Inc., HS PRODUKT d.o.o., Israeli Weapon Industries by SK Group, Kalashnikov Group, Kimber Mfg, Inc., O.F. Mossberg & Sons, Radical Firearms, LLC., RemArms LLC., Savage Arms, Inc., Sig Sauer, Inc., Smith & Wesson Brands Inc., Sportsman's Warehouse Holdings, Inc., Springfield Armory Inc., Steyr Arms GmbH, Sturm, Ruger & Co., Inc., Taurus Holdings, Inc., and WM. C. Anderson Inc..

Market Segmentation & Coverage

This research report categorizes the Small Arms Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Machine Gun
- Others
- Pistol
- Revolver
- Rifles
- Shotgun

Cutting
- Smooth Bore
- Threaded/Rifled

Caliber
- 12.7mm
- 14.5mm
- 5.56mm
- 7.62mm
- 9mm

Technology
- Guided
- Unguided

Action
- Automatic
- Semi-Automatic

Firing System
- Gas-Operated
- Manual
- Recoil-Operated

End-Use Sector
- Civil & Commercial
  - Hunting
  - Self-defense
  - Sporting

Defense
- Law Enforcement
- Military

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-DD6333AE523B

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing geopolitical tensions and law enforcement needs worldwide
  - 5.1.1.2. Rising provision of legal gun ownership to civilians
  - 5.1.1.3. Surging adoption of small arms for hunting and recreational sports
- 5.1.2. Restraints
  - 5.1.2.1. Technical and operational complexities of small arms
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in the design and capabilities of small arms
  - 5.1.3.2. Potential sales of small arms through online channels
- 5.1.4. Challenges
  - 5.1.4.1. Concern associated with the uncontrolled spread and misuse of small arms
5.2. Market Segmentation Analysis
- 5.2.1. Type: Adoption of pistols by civilians for sporting and hunting activities
- 5.2.2. Cutting: Advancements to improve performance of threaded/rifled barrels
- 5.2.3. Technology: Private and public initiatives to improve the efficiency of military operations through the incorporation of guided technology
- 5.2.4. End-Use Sector: Expanding defense spending leading to utilization of small arms for critical military operations
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Small Arms Market, by Type

6.1. Introduction
6.2. Machine Gun
6.3. Others
6.4. Pistol
6.5. Revolver
6.6. Rifles
6.7. Shotgun

7. Small Arms Market, by Cutting

7.1. Introduction
7.2. Smooth Bore
7.3. Threaded/Rifled

8. Small Arms Market, by Caliber

8.1. Introduction
8.2. 12.7mm
8.3. 14.5mm
8.4. 5.56mm
8.5. 7.62mm
8.6. 9mm

9. Small Arms Market, by Technology

9.1. Introduction
9.2. Guided
9.3. Unguided

10. Small Arms Market, by Action

10.1. Introduction
10.2. Automatic
10.3. Semi-Automatic

11. Small Arms Market, by Firing System

11.1. Introduction
11.2. Gas-Operated
11.3. Manual
11.4. Recoil-Operated

12. Small Arms Market, by End-Use Sector

12.1. Introduction
12.2. Civil & Commercial
12.3. Defense

13. Americas Small Arms Market

13.1. Introduction
13.2. Argentina
13.3. Brazil
13.4. Canada
13.5. Mexico
13.6. United States

14. Asia-Pacific Small Arms Market

14.1. Introduction
14.2. Australia
14.3. China
14.4. India
14.5. Indonesia
14.6. Japan
14.7. Malaysia
14.8. Philippines
14.9. Singapore
14.10. South Korea
14.11. Taiwan
14.12. Thailand
14.13. Vietnam

15. Europe, Middle East & Africa Small Arms Market

15.1. Introduction
15.2. Denmark
15.3. Egypt
15.4. Finland
15.5. France
15.6. Germany
15.7. Israel
15.8. Italy
15.9. Netherlands
15.10. Nigeria
15.11. Norway
15.12. Poland
15.13. Qatar
15.14. Russia
15.15. Saudi Arabia
15.16. South Africa
15.17. Spain
15.18. Sweden
15.19. Switzerland
15.20. Turkey
15.21. United Arab Emirates
15.22. United Kingdom

16. Competitive Landscape

16.1. Market Share Analysis, 2023
16.2. FPNV Positioning Matrix, 2023
16.3. Competitive Scenario Analysis
- 16.3.1. UK Ministry of Defence invests £20M in small arms ammunition
- 16.3.2. Small arms company to invest $18M in Richland County expansion
- 16.3.3. ICOMM ties up with UAE's CARACAL for co-manufacturing of small arms in India
16.4. Strategy Analysis & Recommendation

17. Competitive Portfolio

17.1. Key Company Profiles
17.2. Key Product Portfolio