Global Small Arms Market Size, Share, and COVID-19 Impact Analysis, By Type (Pistol, Revolver, Rifle, Machine Gun, Shotgun, and Others), By Caliber (5.56MM, 7.62MM, 9MM, and Others), By Operation (Automatic, Semi-Automatic, Manual), By End user (Defense, Civil & Commercial, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032.

Industry: Aerospace & Defense


Global Small Arms Market Insights Forecasts to 2032.

  • The Global Small Arms Market Size was valued at USD 8.69 Billion in 2022.
  • The Market is Growing at a CAGR of 4.3% from 2022 to 2032
  • The Worldwide Small Arms Market Size is expected to reach USD 13.23 Billion by 2032
  • Asia Pacific is expected to grow the fastest during the forecast period


Global Small Arms Market

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The Global Small Arms Market size is anticipated to exceed USD 13.23 billion by 2032, growing at a CAGR of 4.3% from 2022 to 2032. The rising demand for personal safety, violence, and international conflicts are among the main drivers of the Small Arms Industry's growth. Furthermore, an increase in terrorist attacks, cross-border conflicts, and asymmetric warfare has increased demand for small arms from defense as well as law enforcement organizations.      


Market Overview

Small arms are specifically designed weapons that can be utilized for self-protection as well as recreational purposes by anyone. Furthermore, law enforcement and military personnel use small arms to carry out their respective missions. Small arms refer to firearms such as pistols, shotguns, revolvers, rifles, and other similar systems. Sports events, hunting operations, and self-defense are some of the most common applications for firearms, and it is projected to be a profitable opportunity in the coming years. Governments all over the world have enacted regulations and rules governing the acquisition and use of small arms solutions. Arms manufacturers are constantly modernizing their products. The weaponry industry is becoming more innovative. Small arms are made of materials that are lighter, are more flexible, and are more difficult to damage. The frightening prospect of printing a gun without using metal has been brought about by 3D printing. Ammunition has been developed to penetrate body armor and inflict the greatest amount of damage on victims. Manufacturers of weapons appeared determined to develop more precise weapons, which is fueling market expansion.


Report Coverage

This research report categorizes the market for the global small arms market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the small arms market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the small arms market.


Global Small Arms Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD 8.69 Billion
Forecast Period:2022-2032
Forecast Period CAGR 2022-2032 :4.3%
2032 Value Projection:USD 13.23 Billion
Historical Data for:2018-2021
No. of Pages:200
Tables, Charts & Figures:120
Segments covered:By Type, By Caliber, By Operation, By End user, By Region and COVID-19 Impact Analysis.
Companies covered::Colt’s Manufacturing LLC, Beretta, Smith & Wesson, Sig Saur GmbH, Remington Arms Company LLC, FN Herstal, Sturm, Ruger & Co., Inc., GLOCK Ges.m.b.H., Israel Weapons Industry (IWI), CheyTac LLC, Kalashnikov Group, Heckler & Koch Gmbh, Èeská Zbrojovka a.s., Barret Firearms, Springfield Armory Inc. and other key venders.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

Handguns like pistols as well as revolvers, rifles like assault rifles and sniper rifles, shotguns, and automatic weapons are in high demand in North America, Europe, and the Middle East. In the past few years, there has been an increase in the use of firearms in a variety of end user applications such as military, law enforcement, and commercial. Because of the increased demand, small arms have become more application-specific and technologically advanced. Firearms manufacturers are developing and releasing new types of firearms in order to attract more customers and make new revenue streams. Leading companies in this industry are constantly conducting R&D to develop small arms with improved precision, mobility, and lethality.


Restraining Factors

Financial, legal, and political structures vary from region to region, which results in differing regulations regarding the use of arms, weapons, and other warfare equipment. This is one of the most important factors influencing participants in the small arms market. Import-export controls, transfer of technology, and anti-corruption laws are examples of country-specific regulations and norms. Non-compliance as well as non-adherence to these regulations might have a significant impact on market players' operations, lowering market revenue globally. Different countries' regulations, influenced by economic, legal, or political variables, limit the expansion of the small arms market. 


Market Segmentation

The Global Small Arms Market share is classified into type, caliber, and operation.


  • The rifle segment is expected to hold the largest share of the global small arms market during the forecast period.      

The global small arms market is categorized by type into pistol, revolver, rifle, machine gun, shotgun, and others. Among these, the rifle segment is expected to hold the largest share of the global small arms market during the forecast period. Assault rifles, recoilless rifles, snipers, new sporting rifles, and anti-material/bolt-action rifles are all included in this category. Due to an increase in sporting and hunting activities, modern sporting rifle guns have also seen widespread adoption in recent years. As a result of global modernization programs, demand for assault rifles and sniper rifles has increased significantly in comparison to other small arms, assisting in the expansion of the rifle segment.       


  • The 5.56MM caliber segment is expected to grow at the fastest pace in the global small arms market during the forecast period.    

Based on the caliber, the global small arms market is divided into 5.56MM, 7.62MM, 9MM, and others. Among these, the 5.56MM caliber segment is expected to grow at the fastest pace in the global small arms market during the forecast period. The increasing adoption of small arms chambered for 5.56mm can be attributed to the growth of the 5.56mm caliber segment. Armed forces' shift from shoot to kill to shoot to injure has resulted in high demand for this caliber. 5.56mm ammunition is commonly used in assault rifles and AR-style handguns, which are readily accessible in all countries.     


  • The automatic segment is expected to grow at the fastest pace in the global small arms market during the forecast period.        

Based on the operation, the global small arms market is divided into automatic, semi-automatic, manual. Among these, the automatic segment is expected to grow at the fastest pace in the global small arms market during the forecast period. Because it allows for the quick and efficient neutralization of hostile forces or targets, automatic mode is often utilized in military and law enforcement applications. Automatic small guns have a fast rate of fire which can produce a large amount of suppressive fire, keeping opposing forces surrounded and limiting their ability to fire back.        


Regional Segment Analysis of the Global Small Arms Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)


North America accounted for the largest share of the global small arms market in 2022.


Global Small Arms Market

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North America accounted for the largest share of the global small arms market in 2022. North America has the greatest demand and expansion potential for small arms, owing to increased defense spending in the region, as well as an increase in gun violence, which is driving both law enforcement and civilian segments to acquire small arms for counter-terrorism and self-defense applications, respectively. The rising acceptance of sporting and hunting operations among civilians has resulted in a significant increase in demand for small arms in North America.


Asia Pacific is expected to grow at the fastest pace in the global small arms market during the forecast period. Rising cross-border disputes and terrorist activities in Asia are propelling the market forward. Rising defense spending and modernization of the military plans in South Korea, Australia, China, and India are driving market growth. India and China have 71 million and 49 million civilian weapons, respectively, according to small arms survey data. The recent acquisition and modernization policies of India's Defense Ministry in the market have contributed to the Asia Pacific market through agreements and technology transfers.    


Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global small arms along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.


List of Key Companies

  • Colt’s Manufacturing LLC
  • Beretta
  • Smith & Wesson
  • Sig Saur GmbH
  • Remington Arms Company LLC
  • FN Herstal
  • Sturm, Ruger & Co., Inc.
  • GLOCK Ges.m.b.H. 
  • Israel Weapons Industry (IWI) 
  • CheyTac LLC
  • Kalashnikov Group
  • Heckler & Koch Gmbh
  • Èeská Zbrojovka a.s.
  • Barret Firearms
  • Springfield Armory Inc.
  • Others


Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)


Recent Developments

  • In April 2022, The United States Army selected next-generation squad weapon rifles and machine gun variants, as well as 6.8mm ammunition. The army eventually intends to purchase 107,000 M5 rifles and 13000 M250 machine guns from Sig Sauer. The USD 4.7 billion contract was awarded to produce weapons and 6.8mm ammunition over the next several years.


  • In May 2022, The Spanish Armed Force has awarded a contract to Rheinmetall Denel Munition, a subsidiary of the Rheinmetall Group, to supply 40mm weapon and ammunition systems. The company supplies 40mm X 53 high velocity combat ammunition as well as training ammunition.


Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Small Arms Market based on the below-mentioned segments: 


Global Small Arms Market, By Type

  • Pistol
  • Revolver
  • Rifle
  • Machine Gun
  • Shotgun
  • Others


Global Small Arms Market, By Caliber

  • 5.56MM
  • 7.62MM
  • 9MM
  • Others


Global Small Arms Market, By Operation

  • Automatic
  • Semi-Automatic
  • Manual


Global Small Arms Market, By End user

  • Defense
  • Civil & Commercial
  • Others


Global Small Arms Market, By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

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