What is the current Service Handgun Market size?

The Service Handgun Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029) Read More

Who are the key players in Service Handgun Market?

GLOCK GmbH, SIG SAUER, Sturm, Ruger & Co. Inc., FN HERSTAL and CZUB are the major companies operating in the Service Handgun Market. Read More

Which is the fastest growing region in Service Handgun Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Service Handgun Market?

In 2024, the North America accounts for the largest market share in Service Handgun Market. Read More

What years does this Service Handgun Market cover?

The report covers the Service Handgun Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Service Handgun Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Service Handgun Market - Size, Share & Manufacturers

Service Handgun Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Service Handgun Market is Segmented by Type (Revolver and Pistol) and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The report provides market size and forecasts in terms of value in USD billion.

Service Handgun Industry Overview

GLOCK GmbH, SIG SAUER, Sturm, Ruger & Co. Inc., FN HERSTAL, and CZUB are some of the major players in the market. As most of the contracts awarded in the market comprise large procurement with higher volumes, companies may benefit from higher revenues per contract. At the same time, there is intense competition between the players for service handguns contracts. Companies that provide durable products that pass every testing phase by the contracting agency will end up gaining long-term contracts in the market. In addition, ergonomics is also taken into consideration while selecting and finalizing a particular product. As such, the focus should be on building long-lasting, accurate, ergonomic products with high quality. Competitive pricing will also help the players gain new contracts, thereby enhancing their market share and market presence.