DUBLIN, Feb. 6, 2019 /PRNewswire/ --
The "Global Small Arms Market: Focus on Gun Type (Handguns, Rifles, and Shotguns) Cutting Type (Rifled/Threaded Bore and Smooth Bore), Operation Type (Automatic, Semi-Automatic and Manual), and Application - Analysis and Forecast, 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The market reported a revenue of $8.37 billion in 2018 and is expected to grow at a significant CAGR during the forecast period 2018-2023.
The global small arms market has been segmented into four-gun types: handguns, rifles, shotguns, and others. The rifles gun type market acquired the largest share in 2017; however, shotguns gun type market is expected to grow at the highest CAGR during the forecast period, 2018-2023.
Arms are one of the most important requirements for defense forces, including the Army, Navy, and Air Force. A wide-range of firearms has been adopted by the defense forces of various countries in different regions such as North America, Europe, and Asia-Pacific, among others in order to protect their countries from wars, conflicts, and terrorist activities. The small arms industry has been observing a robust growth. A significant portion of the small arms market is dependent on the civilian market and hunting and shooting sports. There are various types of small arms, such as, rifles, pistols, and shotguns, among others that have been used in hunting & shooting sports and other civilian applications. The small arms industry in the recent years has seen the development of firearms for both commercial and military applications.
There has been an increase in the overall defense spending of various countries all over the world. The growing defense budget of the different countries is playing a major part in the defense modernization program adopted for strengthening a nation's military forces. The U.S. Department of Defense (DoD) had the highest defense budget of $611 billion for FY 2017. Asia-Pacific is one of the emerging regions that is continuously increasing expenditure on defense in order to develop the military power.
Some of the leading players in the global small arms market includes Browning International S.A., Sig Sauer Inc., FN Herstal, Colt's Manufacturing Company, Beretta Arms Company, Taurus Holdings Inc, Glock Inc., Remington Outdoor Company, Kalashnikov Concern, American Outdoor Brands Corporation (Smith & Wesson), and Sturm, Ruger &Co., among others.
North America acquired the largest share of the global small arms market followed by Europe, Asia-Pacific, and Rest of-the-World (RoW). The U.S. and Canada are some of the prominent countries in North America for the development of the small arms market. The U.S. dominated the overall market of the small arms in the year 2017. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period, 2018-2023. In Europe, the U.K. is one of the prominent countries which is currently focusing on the deployment of small arms. Some of the other prominent countries include Germany, Russia, Italy, and France.
The prominent countries in the Asia-Pacific region driving the small arms market are China, Australia, Japan, South Korea, and India. China, currently, has the largest share and is expected to grow at the highest rate in the Asia-Pacific region during the forecast period.
Key Topics Covered:
1 Market Dynamics
1.1 Market Drivers
1.1.1 Growing Number of Participants in Hunting and Shooting Sports
1.1.2 Rising demand of Handguns for Self Defense and Law Enforcement Agencies
1.1.3 Increase in Defense Expenditure
1.2 Market Challenges
1.2.1 Government Regulations Pertaining to Gun Control and Import Policies
1.2.2 Difficult Procurement Procedures of the Government
1.3 Market Opportunities
1.3.1 Defense Modernization Programs in Asia-Pacific, Middle East, and Africa
1.3.2 Rising E-commerce Market for Small Arms
1.3.3 Increasing Participation of People in Military and Armed Forces
2 Competitive Insights
2.1 Key Strategies & Developments
2.1.1 New Product Launches
2.1.3 Partnerships, Agreements, and Contracts
2.1.4 Other Developments
2.2 Market Share Analysis
2.3 Competitive Benchmarking
3 Industrial Analysis
3.2 Major Military Programs
3.3 Start-ups and Emerging Technologies
3.4 Leading Companies, Products & Applications
3.5 Small Arms and Light Weapons (SALW) Imports and Exports by Country
3.6 Supply Chain Analysis
3.7 Industry Attractiveness: Porter's Five Forces Analysis
4 Global Small Arms Market, 2017 to 2023
4.1 Assumptions and Limitations
4.2 Market Overview (Value and Volume)
5 Global Small Arms Market (by Gun Type)
5.1 Market Overview (Value and Volume)
6 Global Small Arms Market (by Cutting Type)
6.1 Market Overview (Value and Volume)
6.2 Rifled/Threaded Bore
6.3 Smooth Bore
7 Global Small Arms Market (by Operation Type)
7.1 Market Overview (Value and Volume)
8 Global Small Arms Market (by Application)
8.1 Market Overview (Value and Volume)
8.3 Military/Armed Forces
8.4 Homeland Security/Law Enforcement/Government Agencies
8.5 Hunting and Sports
9 Global Small Arms Market (by Region)
10 Company Profiles
- American Outdoor Brands Corporation
- Browning International S.A.
- Colt's Manufacturing Company, LLC
- FN Herstal
- Gamo Outdoor S.L.U
- Glock Inc.
- Hatsan Inc.
- Heckler & Koch AG
- Israel Weapon Industries (IWI) LTD
- Kalashnikov Concern
- O.F. Mossberg & Sons, Inc.
- Remington Outdoor Company
- Savage Arms
- Sig Sauer
- Singapore Technologies Engineering Ltd
- Sturm, Ruger & Co.
- Taurus Holdings Inc.
For more information about this report visit https://www.researchandmarkets.com/research/j5fpsc/global_8_37_bn?w=5
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