The small arms market size is projected to grow from USD 8.9 billion in 2022 to USD 11.1 billion by 2027, at a CAGR of 4.5%. The rapidly evolving dynamics of the small arms market are attributed to the changing geo-political situations in economies across various regions like North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa. The increasing incidences of criminal activities, external and 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), Beretta. (Italy), Daniel Defense Inc. (US), Israel Weapons Industry (IWI) (Israel), Heckler & Koch Gmbh (Germany), GLOCK Ges.m.b.H. (Austria), Kalashnikov Group (Russia), and Ceská 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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The company 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. 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.
Beretta 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.
Colt’s Manufacturing Company LLC
Colt’s Manufacturing Company LLC is a major player that offers technologically advanced products for law enforcement applications. It is a privately owned company, founded in 1836 and headquartered in Connecticut, US. It designs, develops, and manufactures firearms such as pistols, revolvers, rifles, custom firearms, bolt action rifles, as well as law enforcement weapons, parts, and accessories. Colt’s also provides repair and refinishing services.
The company also has a strong presence in Canada; in 2005, it acquired Diemaco Inc. and renamed it to Colt Canada. Colt’s subsidiary, Colt Canada Corporation, is the Canadian government’s Center of Excellence for Small Arms and is the Canadian military’s dedicated supplier of the C7 rifle, C8 carbine, and C6 and C9 Machine Guns. The company’s product offerings also include AR-15 type rifles.
Small Arms Market by End user (Defense, Civil & Commercial), Type (Pistol, Revolver, Rifle, Machine Gun, Shotgun), Caliber (5.56MM, 7.62MM, 9MM), Technology, Cutting Type, Firing Systems, Mode of Operation & Region - Global Forecast to 2027.
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