Small Arms Market

Market Leader - Small Arms Market

The small arms market size is projected to grow from USD 8.6 billion in 2020 to USD 9.6 billion by 2025, at a CAGR of 2.1%. The rapidly evolving dynamics of the small arms market are attributed to the changing geo-political situations in economies across North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa. The increasing incidences of cross-border drug trafficking, internal conflicts & violence, and terrorism in these regions also influence the demand for small arms. Apart from its use in defense forces, small arms also see increasing importance in civil and commercial applications such as sporting, hunting, and self-defense, among others.

Smith & Wesson (US), Sturm, Ruger & Co., Inc. (US), Colt’s Manufacturing LLC (US), Sig Sauer (US), Steyr Arms (US), Fabbrica d’Armi Pietro Beretta S.p.A. (Italy), Daniel Defense Inc. (US), Israel Weapons Industry (IWI) (Israel), Heckler & Koch Gmbh (Germany), GLOCK Ges.m.b.H. (Austria), Kalashnikov Group (Russia), and Česká Zbrojovka a.s. (Czech Republic) are some of the leading players in the small arms. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include new product developments, contracts, expansions, acquisitions, and research & development (R&D) activities further to expand their presence in the small arms market.

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Smith & Wesson (US) has locations in Maine, Connecticut, and Missouri. The company’s product offerings include pistols, rifles, and revolvers. In recent years, it has shifted its focus to the production of polymer pistols. Its family of brands includes Smith & Wesson, M&P, and Thompson/Center Arms. The M&P brand offers firearms especially designed for military and police forces. These firearms are manufactured in compliance with ISO 9001 quality-tested procedures. Select Smith & Wesson law enforcement pistols meet the strict US National Institute of Justice (NIJ) standard of delivering the highest quality products. The company has a presence in North America, Europe, and the Middle East.

Sturm, Ruger & Co., Inc. is a US-based company involved in the design, manufacturing, and sales of firearms to US customers. The company operates through two business segments, namely, Firearms and Castings. The company’s Firearms division offers products such as rifles, pistols, revolvers, and accessories. The Firearms segment accounted for approximately 99% of the total sales generated by the company in 2019. 5% of the total sales of the Firearms business segment is generated through exports. The company has its manufacturing facilities in Newport, Prescott, Mayodan, and Earth City in the US. It also operates five other facilities in Southport, Connecticut; Newport, New Hampshire; Enfield, Connecticut; Rochester, New Hampshire; and Fairport, New York. These facilities are involved in principal production, research, development, engineering, design, and shipping operations. The company’s products are offered in the US market through independent wholesale distributors.

Fabbrica d’Armi Pietro Beretta S.p.A. is a recognized manufacturer of light firearms for hunting, sporting, and personal defense. The company is a part of the Italy-based Beretta Holding Group that comprises 32 companies across the world. Some brands of the Beretta Holding Group include Beretta, Benelli, Franchi, Sako, Tikka, Chapuis, Stoeger, Steiner, and Burris. The group is involved in the business of firearms, clothing & accessories, and optoelectronics, among others. It has a presence in Italy, Spain, Greece, the UK, France, Switzerland, Sweden, Germany, the US, Canada, Australia, New Zealand, Russia, Turkey, and China. The company has more than 500 years of experience in developing light firearms. It produces ~1,500 weapons in a day; an estimated 90% of the production consists of sporting firearms, of which 75% are exported to over 100 countries.

Related Reports:

Small Arms Market by End-Use Sector (Defense, Civil & Commercial), Type (Pistol, Revolver, Rifle, Machine Gun, Shotgun), Caliber (5.56MM, 7.62MM, 9MM), Technology, Cutting Type, Firing Systems, Action, & Region - Global Forecast to 2025

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Report Code
AS 2884
RI Published ON
12/1/2020
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