The global small arms market revenue was around US$ 8,426.0 million in 2022 and is estimated to reach US$ 14,153.1 million by 2032, growing at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2023 to 2032.

Small arms are developed for individual usage, generally by a single person. These arms are presented by their relatively small size and portability, making them manageable for an individual to operate and carry. Small arms are usually utilized by law enforcement officers, military personnel, and civilians for sport shooting, self-defense, hunting, and other purposes.

Factors Influencing Market Growth

- Factors like development in several territorial conflicts across the world and the growth in demand for small arms for competitive sporting events are anticipated to propel the growth of the small arms market.

- The stringent small arms ownership regulations hinder the growth of the small arms market.

- The rise in military expenditure globally and contracts and agreements with military agencies and law enforcement are estimated to present lucrative growth opportunities for the market players.

Regional Analysis

In 2022, North America dominated the global small arms market in terms of revenue and is anticipated to maintain its position during the forecast period. The robust tradition of firearms ownership in North America, specifically in the U.S., has formed a substantial and consistent domestic demand for small arms. This demand is caused by sport shooting, personal defense, hunting, and recreational shooting sports. The culture of firearms ownership in the North America region has led to a strong civilian market for rifles, handguns, and shotguns.

Also, transformations in regulatory and political environments can particularly influence the small arms market in this region. Ongoing discussions about Second Amendment rights and gun control legislation have at times directed to augmented consumer demand as individuals seek to obtain firearms before possible regulatory transformations. The perceived requirement for personal security and self-defense can also propel the growth of the market.

Leading Companies

The leading prominent companies profiled in the global small arms market are:

- CZG - Cesk? zbrojovka Group SE
- Fabbrica d'Armi Pietro Beretta S.P.A.
- FN Herstal
- Heckler & Koch
- ISRAEL WEAPON INDUSTRIES (I.W.I) LTD
- Smith & Wesson Brands, Inc.
- Sturm
- Ruger & Co., Inc.
- Taurus International Manufacturing, Inc.
- Webley & Scott
- Weihrauch & Weihrauch Sport GmbH & Co. KG.
- Other prominent key players

Segmentation Outline

The global small arms market segmentation focuses on Type, Action, End Use Sector, and Region.

Segmentation based on Type

- Pistol
- Shotgun
- Revolver
- Others

Segmentation based on Action

- Automatic
- Semi-Automatic

Segmentation based on End Use Sector

- Civil and Commercial
- Defense

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa