The global small arms market is a growing market that has been witnessing the production of increased number of firearms over the years for various end users including civilian, military and others. The market has experienced a major transformation in the development and manufacture of small arms by different countries. The small arms industry has witnessed the development of different gun types for both commercial and military applications. Globally, some of the major applications in which different small arms find maximum usage include civilian (self-defense); military/armed forces, homeland security/law enforcement and government agencies; and hunting, shooting & sports activities. The global small arms market is expected to witness a substantial growth over the forecast period 2020-2025.
Increasing political tensions around the world has led to the adoption of various new technologies by countries with an aim of strengthening national security. To defend the nation from external threats, countries over the years, have strengthened their army’s capabilities. Moreover, the increasing land disputes across the borders have compelled the nations to strengthen their armed forces by importing and developing weapons. Moreover, increase in crime rate has given rise to increase in small arms procurement in civilians for self-defense. Since the 13th century, firearms have undergone a massive transformation with respect to design and operation.
Arms are one of the most important requirements for defense forces, including the Army, Navy, and the Air Force. Firearms include handguns (pistols and revolvers) and long guns such as rifles, shotguns, assault rifles, submachine guns, carbines, personal defense weapons, and light machine guns, and all these products are based on different technologies and made out of various raw materials. A wide range of firearms has been adopted by the defense forces of various nations such as the U.S., Russia, the U.K., India, and China, among others in order to protect their countries in situations such as wars, conflicts, and terrorist activities.
The small arms market has witnessed different market dynamics across various regions of the globe. The market has witnessed rising demand from countries such as Russia, India, China, Italy, and the U.S., among others. The following figure represents the global small arms market by region. It includes North America, Europe, Asia-Pacific, and the Rest-of-the-World.
The global small arms industry is one of the most competitive industries with the leading players actively competing against each other to gain a greater share in the industry. The competitive landscape of the small arms industry exhibits an inclination toward emerging strategies and developments by market players. The market dynamics section of the report examines the diverse factors which govern the demand and supply of products in the small arms market. This analysis will provide an in-depth understanding of the direction in which the market is headed and the impact of various factors on the same. This section covers the market dynamics, namely the drivers, restraints, and opportunities in the global small arms market, listing and analyzing several factors that impact the market positively or negatively.
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The demand for hunting and shooting related sports is on the rise. Hunting and shooting programs led to an increase in the number of hunters in the U.S. For instance, youth hunting and shooting programs have led to an increase in number of hunters (ageing between 6-15 years) in the U.S. Shooting as a sport has become increasingly popular ever since its inception in “Inaugural games” in Greece 1896.
UPCOMING INDUSTRY TRENDS 