Latest Insights Show Small Arms Market Growth at 3.8% CAGR to 2020
PUNE, India, March 16, 2016 /PRNewswire/ --
Global small arms market is driven by several factors, such as rising number of wars and cross-border disputes, rise in terrorism, and increasing civilian use of small arms for sports and self-defense.
Complete report on global small arms market spread across 225 pages, profiling 12 companies and supported with 156 tables and 157 figures is now available at http://www.rnrmarketresearch.com/small-arms-market-pistols-rifles-sub-machine-guns-assault-rifles-and-light-machine-guns-by-application-civil-military-homeland-security-by-region-by-country-global-forecasts-and-analysis-market-report.html .
The key end users considered for the small arms market study are military, law enforcement, hunting, sports, and self-defense. The sports segment is estimated to grow at the highest CAGR during the forecast period. This rapid growth can be attributed to the increasing civilian participation in shooting sports, such as target shooting, rifle shooting, and handgun shooting, and so on, globally.
The North American region dominates the global small arms market as of 2015, and is expected to continue its dominance during the forecast period of 2015 to 2020. The U.S. is considered to be the largest market for small arms, primarily owing to the high military expenditure, impacts of terrorism, rising armed violence in the country, and so on, thereby resulting in the large share of the North American region in the global small arms market.
The small arms market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period. This rapid growth can be attributed to the increasing procurement of advanced sniper rifles, assault rifles, heavy machine guns, and pistols, among others, by military forces and law enforcement agencies in the region, primarily as part of their modernization programs as well as for advanced combat and counter-terrorist operations.
From an insight perspective, small arms market research report has focused on various levels of analysis -industry analysis (industry trends, and PEST analysis), market-share analysis of top players, supply-chain analysis, and company profiles, which together comprise and discuss the basic views on competitive landscape, emerging and high-growth segments of the small arms market, high-growth regions and countries and their respective regulatory policies, government initiatives, and market drivers, restraints, and opportunities.
Order a copy of this 2016 research report on small arms market at http://www.rnrmarketresearch.com/contacts/purchase?rname=160340.
On a related note, another research on Ammunition Market Global Forecasts to 2020 says, the global ammunition market is expected to grow from an estimated USD 6.97 billion in 2015 to USD 7.78 billion by 2020, at a CAGR of 1.93% from 2015 to 2020. Civil application segment is to witness higher growth during the forecast period. Raise in terrorism a major factor for increasing procurement of ammunition, globally. Companies Orbital ATK (U.S.), General Dynamics (U.S.), Poongsan Corporation (South Korea), BAE Systems (U.K.), Nammo AS (Norway), Maxam (Australia), Olin Corporation (U.S.), and RUAG Ammotec (Germany), among others have been profiled in this 168 pages research report available at http://www.rnrmarketresearch.com/global-ammunition-market-large-caliber-medium-caliber-small-caliber-2012-2017-market-report.html.
Explore more reports on Public Sector market at http://www.rnrmarketresearch.com/reports/public-sector.
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