Growing popularity of recreational shooting and Increasing military expenditure are projected to fuel the growth of the global Small Arms market at a CAGR of 5.5% during the forecast period 2023 to 2032

The Small Arms market is estimated to register a CAGR of 5.5% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Small Arms market—Accuracy International Ltd,American Outdoor Brands Corporation, Beretta Holding SpA, Colt’s Manufacturing Company, LLC, Glock Ges.M.B.H, Heckler & Koch GmbH, Herstal SA, Remington Outdoor Company, Steyr Arms GmbH, Sturm, Ruger & Co., Inc              t Bosch GMBH, Avtech Corporation, and others.

Small Arms market Highlights

The global Small Arms market is accounted for to register a CAGR of 5.5% during the forecast period and is estimated to reach USD 15,438.2 million by 2032.

Small arms are mobile weapons made for solitary usage. They are adaptable weapons essential to several societal functions, such as military operations, law enforcement, self-defense, hunting, sporting events, and leisure pursuits. Guns in the "small arms" category include rifles, shotguns, and submachine guns. Compact guns, known as handguns, are made to be gripped and operated with just one hand. They comprise revolvers and pistols. Pistols are semiautomatic weapons that store the ammo in a removable magazine. They are frequently employed for self-defense by members of the armed forces, law enforcement officials, and civilians.

On the other hand, revolvers have a spinning cylinder that houses the ammo. They are renowned for their dependability and ease of use. Extended-barreled rifles are weapons with high precision and extended range. They shoot from the shoulder and have a rifled barrel, which gives the bullet spin for greater stability and accuracy. There are several different rifle designs, such as bolt-action, semi-automatic, and fully automatic. They are frequently employed for military, sporting, and hunting purposes. Compared to pistols, rifles have better precision and power, making them appropriate for attacking targets at a greater range. Shotguns discharge a shell containing one or more slugs or many tiny pellets. They feature a smoothbore barrel and are generally used for sport shooting, home protection, and bird and other small game hunting.

Segment Analysis

The global Small Arms market has been segmented based on type, barrel type, operation, and end user.

Based on type, the market is segmented into handguns {pistols and revolvers}, shortguns, machine guns, rifles & others. The handguns {pistols and revolvers} segment was attributed to holding the largest market share in 2022 with a market share of ~47% revenue as estimated by MRFR analysts.

Based on barrel type, the global Small Arms market has been segmented into rifled-bore and smooth-bore. The Rifled-Bore,segment was expected to hold the largest market share in 2022.

Further, based on the operation, the market is segmented into self-loading firearm {automatic firearm and semi-automatic firearm} and manually-operated firearm). The self-loading firearm {automatic firearm and semi-automatic firearm} segment is projected to have the largest market share during the forecast period.

Further, based on the End User, the market is segmented into armed forces, law enforcement, sporting & hunting, and civilian self-defense. The civilian self-defense segment is projected to have the largest market share during the forecast period.

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Regional Analysis

The global Small Arms 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 Small Arms market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Small Arms 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 Small Arms market comprises of Middle East, Africa, and Latin America.

Numerous prominent defense contractors, including well-known firearms manufacturers, are headquartered in North America. Small arms contracts with law enforcement and the military are frequently lucrative for these corporations. Particularly in the United States, a large military and law enforcement sector requires small arms for training and operational purposes. The small arms industry in North America is renowned for its innovation and technological advancements. Manufacturers invest in research and development to improve firearms' functionality, safety features, and ergonomics. This dedication to innovation attracts domestic consumers and positions North American firms favorably in the global small arms market. Small arms manufacturers in North America capitalize on their reputation for quality and dependability to penetrate international markets.

Moreover, Many European nations are profoundly rooted in cultural practices and subsistence hunting, contributing to Europe's rich hunting tradition. In regions with abundant fauna and game, the demand for hunting firearms, including shotguns and rifles, remains strong. Numerous European nations with active military and law enforcement sectors consistently procure small arms for training and operational requirements. European firearms manufacturers are frequently awarded contracts to supply these agencies with handguns, rifles, and other essential equipment, stimulating market growth. Due to their stringent gun laws, numerous European nations maintain a stable and secure environment for legal firearm ownership..

Additionally, market factors, The region's complex security environment is one of the main growth drivers for the Asia-Pacific small arms market. Numerous nations in the Asia-Pacific region confront security issues, such as territorial disputes, insurgency, and organized crime. This has resulted in government contracts and procurement for small arms and light weapons used for military and law enforcement. In addition to security concerns, the Asia-Pacific region has a burgeoning community of sporting and recreational shooters. The growing interest in shooting sports in nations such as Japan and South Korea has increased the demand for firearms utilized in these activities. Hunting is also prevalent in some regions, contributing to market growth, particularly for hunting-specific firearms. Several countries in the Asia-Pacific region have swiftly expanding economies and rising middle-class populations. This economic expansion has increased disposable income, allowing more people to afford firearms for personal protection and target shooting. This development has increased the demand for handguns, rifles, and shotguns.

Key Findings of the Study

• The global Small Arms market is expected to reach USD 15,438.2 million by 2032, at a CAGR of 5.5% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market, complex security environment.


• Based on end user, the civilian self-defense segment was attributed to holding the largest market in 2022, with an approximate market share of 32.8%.


• Accuracy International Ltd,American Outdoor Brands Corporation, Beretta Holding SpA, Colt’s Manufacturing Company, LLC, Glock Ges.M.B.H, Heckler & Koch GmbH, Herstal SA, Remington Outdoor Company, Steyr Arms GmbH, Sturm, Ruger & Co., Inc t Bosch GMBH, Avtech Corporation are the key market players.