How big is the Small Arms Market?

The Small Arms Market size is expected to reach USD 9.5 billion in 2024 and grow at a CAGR of 3.54% to reach USD 11.31 billion by 2029. Read More

What is the current Small Arms Market size?

In 2024, the Small Arms Market size is expected to reach USD 9.5 billion. Read More

Who are the key players in Small Arms Market?

Sturm, Ruger & Co., Inc., Sig Sauer, Inc., Heckler & Koch GmbH, Fabbrica d’Armi Pietro Beretta S.p.A. and FN HERSTAL are the major companies operating in the Small Arms Market. Read More

Which is the fastest growing region in Small Arms Market?

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

Which region has the biggest share in Small Arms Market?

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

What years does this Small Arms Market cover, and what was the market size in 2023?

In 2023, the Small Arms Market size was estimated at USD 9.16 billion. The report covers the Small Arms Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Small Arms Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Small Arms Market - Industry Research & Share

Small Arms Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Small Arms Market is Segmented by End User (Civil and Law Enforcement and Military), Type (Handgun, Machine Gun, Shotgun, and Rifle), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Terms of Value (USD).

Small Arms Market Industry Overview

The small arms market features a fragmented landscape, with numerous players holding significant market shares. Notable players include HSturm, Ruger & Co. Inc., Sig Sauer Inc., Heckler & Koch GmbH, Fabbrica d’Armi Pietro Beretta SpA, and FN HERSTAL.

Leading OEMs are prioritizing the development of durable, precise, and ergonomic products to attract new customers. For instance, in November 2022, Malaysia's Maruss Sdn Bhd and Indonesia's PT Pindad inked a Memorandum of Understanding (MoU) for arms manufacturing. This collaboration aimed to explore opportunities, such as contract manufacturing for small arms and their components. PT Pindad was also set to provide ammunition of a different caliber.

Given that most market contracts involve substantial volumes, companies stand to gain higher revenues per contract. However, this comes amid fierce competition as more countries bolster their local small arms production, hinting at heightened market rivalry in the future.