Guns and Accessories Market Expansion In The Near Future At A CAGR Of 6.60% During The Forecast Period 2023 To 2032.

Demand for personal and national security, particularly in regions with concerns about crime rates and geopolitical instability, is expected to drive market expansion in the near future at a CAGR of 6.60% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Guns and Accessories Market” that contains information from 2018 to 2032. The Guns and Accessories market is estimated to register a CAGR of 6.60% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Guns and Accessories market— AMERICAN OUTDOOR BRANDS INC., Fabbrica d'Armi Pietro Beretta S.p.A., FN HERSTAL, General Dynamics Corporation, Heckler & Koch GmbH, Lockheed Martin Corporation, Northrop Grumman Corporation, REMINGTON OUTDOOR COMPANY, Savage, Sturm, Ruger & Co., Inc., TAURUS INTERNATIONAL MANUFACTURING, INC.

Guns and Accessories Market Highlights

The global Guns and Accessories market is accounted to register a CAGR of 6.60% during the forecast period and is estimated to reach USD 11.73 billion by 2032.

The desire for self-defense, as well as government and law enforcement needs, fuels the purchase of firearms and associated accessories. Additionally, a strong gun culture and the popularity of shooting sports contribute to the market's growth, with enthusiasts investing in various firearm accessories to enhance their shooting experience. Recent shifts in legislation and regulations also play a role, as changes in gun control laws and concealed carry regulations can stimulate demand as individuals seek to comply with new legal requirements or assert their Second Amendment rights.

Segment Analysis

The global Guns and Accessories market has been segmented based on product type, application and distribution channel.

On the basis of product type, the market is segmented into Handguns, Rifles, Shotguns, Ammunition, Optics and Sighting Systems, Holsters and Cases, Gun Cleaning and Maintenance Products, and Others. The handguns segment was attributed to holding the largest market share in 2022, due to their versatility and widespread appeal.

Based on application, the global Guns and Accessories market has been segmented into Personal Defense and Security, Hunting, Shooting Sports, and Law Enforcement and Military. The military segment was expected to hold the largest market share in 2022, due to the military's demand for high-performance firearms, ammunition, and accessories is substantial and consistent, driving innovation and setting quality standards.

Based on distribution channel, the global Guns and Accessories market has been segmented into Online Retail, Specialty Stores, Departmental Stores, and Gun Shows. The specialty stores segment was expected to hold the largest market share in 2022, as these stores often provide a wide range of specialized products.

Regional Analysis

The global Guns and Accessories market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Guns and Accessories market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Guns and Accessories market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Guns and Accessories market comprises of Middle East, Africa, and Latin America.

The largest market share for Guns and Accessories was maintained by the North American regional sector. This increase is attributed to the a deeply ingrained gun culture, where firearms are often viewed as a symbol of personal freedom and self-defense. This cultural affinity, coupled with the longstanding Second Amendment right to bear arms, sustains a consistent demand for firearms and their associated accessories. Additionally, concerns about personal safety and home defense, as well as the perception of firearms as tools for hunting and recreational shooting, further contribute to the market's growth in North America.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Guns and Accessories is driven by a combination of evolving perceptions of personal security and recreational interests. While there is a general trend of stricter gun control regulations in many European countries, there is still demand for firearms and accessories among those who value sport shooting, hunting, and, to a lesser extent, self-defense. The market is shaped by a delicate balance between individual rights, public safety concerns, and cultural traditions related to firearms.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to a growing interest in shooting sports and recreational firearm use, reflecting an evolving gun culture in some countries. Additionally, concerns about personal safety and security in certain regions with rising crime rates contribute to the demand for firearms and related accessories.

Furthermore, the rest of the world's Guns and Accessories market is divided into the Middle East, Africa, and Latin America. This growth is attributed to a combination of security concerns, regional conflicts, and cultural affinity for firearms, leading to sustained demand for both personal and military firearms, as well as related accessories.

Key Findings of the Study

• The global Guns and Accessories market is expected to reach USD 11.73 billion by 2032, at a CAGR of 6.60% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the growing interest in shooting sports and recreational firearm use, reflecting an evolving gun culture in some countries


• Based on product type, the handguns segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• AMERICAN OUTDOOR BRANDS INC., Fabbrica d'Armi Pietro Beretta S.p.A., FN HERSTAL, General Dynamics Corporation, Heckler & Koch GmbH, Lockheed Martin Corporation, Northrop Grumman Corporation, REMINGTON OUTDOOR COMPANY, Savage, Sturm, Ruger & Co., Inc., TAURUS INTERNATIONAL MANUFACTURING, INC.