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The Firearms Market size was estimated at USD 8.28 billion in 2023, USD 8.73 billion in 2024, and is expected to grow at a CAGR of 5.49% to reach USD 12.04 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
The firearms include various types of guns, ammunition, and accessories for diverse purposes, such as law enforcement, military operations, sports shooting, hunting, and personal safety. The rising concerns over national security due to increasing geopolitical tensions drive governments to enhance their defense capabilities by investing in advanced weaponry systems. Furthermore, a growing number of shooting sports enthusiasts participating in events such as target shooting and hunting positively impact the market's expansion. Strict government regulations on gun ownership affect manufacturers' ability to sell products efficiently and consumers' accessibility to acquiring them legally. Additionally, advancements in ammunition materials and smart gun technology are expected to fuel the demand for sophisticated firearms worldwide.
Regional Insights
The firearm market is evolving in the Americas due to a well-established gun culture emphasizing individual rights to own firearms. Despite facing occasional debates on gun control laws, the demand for firearms remains high due to factors such as personal defense and recreational shooting activities in the Americas. The need for firearms is increasing in the APAC region owing to the significant demand from self-defense and law enforcement agencies and the increase in military expenditure by the government in the region. Well-established regulations and rising interest in gun hunting are resulting in increased demand for firearms in the EMEA region. Besides, the ongoing development of smart and innovative firearm designs is anticipated to increase the adoption by end users worldwide.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Firearms Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Firearms Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Firearms Market, highlighting leading vendors and their innovative profiles. These include Anderson Manufacturing, Benelli, Beretta, Black Rain Ordnance, Colt's Manufacturing Company, LLC, Diamondback Firearms, FN America, LLC, GLOCK, Inc., Henry RAC Holding Corp., Heritage Manufacturing, Inc., Hi-Point Firearms, Kalashnikov Concern JSC, KelTec CNC Industries, Inc., KIMBER MFG., INC., Legacy Sports International, O. F. Mossberg & Sons, Inc., Radical Firearms, LLC, RemArms LLC., Ruger and Co., Inc., Savage Arms, Inc., SCCY, Sig Sauer, Inc., SMITH & WESSON BRANDS, INC., Springfield Armory, and Walther Arms, INC.Market Segmentation & Coverage
This research report categorizes the Firearms Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Machine Gun
- Pistol
- Revolver
- Rifles
- Shotgun
- Mode of operation
- Automatic
- Manual
- Semi-automatic
- Caliber
- 12.7mm
- 14.5mm
- 5.56mm
- 7.62mm
- 9mm
- End user
- Commercial
- Law Enforcement
- Military
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Firearms Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Firearms Market?
- What are the technology trends and regulatory frameworks in the Firearms Market?
- What is the market share of the leading vendors in the Firearms Market?
- Which modes and strategic moves are suitable for entering the Firearms Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Firearms Market, by Type
7. Firearms Market, by Mode of operation
8. Firearms Market, by Caliber
9. Firearms Market, by End user
10. Americas Firearms Market
11. Asia-Pacific Firearms Market
12. Europe, Middle East & Africa Firearms Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
List of Figures
List of Tables
Companies Mentioned
- Anderson Manufacturing
- Benelli
- Beretta
- Black Rain Ordnance
- Colt's Manufacturing Company, LLC
- Diamondback Firearms
- FN America, LLC
- GLOCK, Inc.
- Henry RAC Holding Corp.
- Heritage Manufacturing, Inc.
- Hi-Point Firearms
- Kalashnikov Concern JSC
- KelTec CNC Industries, Inc.
- KIMBER MFG., INC.
- Legacy Sports International
- O. F. Mossberg & Sons, Inc.
- Radical Firearms, LLC
- RemArms LLC.
- Ruger and Co., Inc.
- Savage Arms, Inc.
- SCCY
- Sig Sauer, Inc.
- SMITH & WESSON BRANDS, INC.
- Springfield Armory
- Walther Arms, INC.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 187 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 8.73 Billion |
| Forecasted Market Value ( USD | $ 12.04 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
