Market Share of Service Handgun Industry
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.
Service Handgun Market Leaders
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GLOCK GmbH
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SIG SAUER
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Sturm, Ruger & Co. Inc.
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FN HERSTAL
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CZUB
*Disclaimer: Major Players sorted in no particular order
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