Handguns Market Report 2025

The handguns market size has grown strongly in recent years. It will grow from $3.73 billion in 2024 to $4.09 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to increasing demand for personal protection, growing interest in recreational shooting sports, rising law enforcement procurement, growing popularity of concealed carry permits, and rising gun ownership culture.

The handguns market size is expected to see strong growth in the next few years. It will grow to $5.84 billion in 2029 at a compound annual growth rate (CAGR) of 9.3%. This growth in the forecast period is expected to be driven by the rising interest in handgun customization, growing awareness of home defense strategies, increasing availability through online channels and e-commerce, and higher demand for modular and personalized handgun models. Notable trends include advancements in technology for ammunition tracking, new developments in polymer frame designs, enhancements in trigger systems, integration with wearable technologies, and better synchronization with law enforcement applications.

The increasing personal safety concerns are expected to propel the growth of the handguns market going forward. Personal safety concerns refer to the fear or risk of harm, injury, or threat to an individual's physical or emotional well-being in a given environment or situation. Increasing personal safety concerns are due to rising crime rates, which heighten people's fear of becoming victims of theft, assault, or other violent acts. Handguns provide individuals with a means of self-defense, addressing personal safety concerns by offering protection in threatening situations. For instance, in September 2023, according to the Bureau of Justice Statistics, a US-based federal agency, in 2022, the rate of nonfatal violent victimizations reported to police increased to 9.7 per 1,000 persons, up from 7.5 per 1,000 in 2021. Therefore, the increasing personal safety concerns are driving the growth of the handguns market.

Major companies operating in the handguns market are focusing on developing innovative products such as striker-fired semi-automatic pistols to enhance performance, safety, and user experience. Striker-fired semi-automatic pistols refer to handguns that use a spring-loaded striker instead of a traditional hammer to ignite the primer, offering a consistent trigger pull and faster firing. For instance, in January 2024, Daniel Defense, Inc., a US-based firearms manufacturer, introduced the DANIEL H9 Handgun. This pistol combines the ergonomic feel and aiming ease of a 1911 with the straightforward shooting and maintenance of a striker-fired design. Its low bore axis helps minimize recoil and muzzle rise, allowing for quicker and more accurate follow-up shots. Made with an aircraft-grade aluminum frame, the H9 is both lightweight and durable. It features fully ambidextrous controls and a modular design for improved ergonomics and customization. Additionally, the handgun is optics-ready and comes with a 1911-style straight-pull trigger that includes a safety blade for precise and safer operation.

In April 2024, RSBC Investment Group, a Czech Republic-based private investment firm, acquired Steyr Arms GmbH & Co. KG for an undisclosed amount. The purpose of this acquisition is to support the strategic expansion and global development of Steyr Arms by leveraging RSBC’s expertise and financial backing. With this move, RSBC intends to strengthen Steyr Arms' presence in international markets and drive its business forward. Steyr Arms GmbH & Co. KG is an Austria-based manufacturer specializing in firearms, including air pistols and service handguns.

Major players in the handguns market are Diamondback Firearms LLC, Smith And Wesson Brands Inc., Sig Sauer Inc., Fabrique Nationale d'Herstal, CZ-USA Inc., Heckler And Koch GmbH, GLOCK Ges.m.b.H., Colt s Manufacturing Company LLC, Fabbrica d'Armi Pietro Beretta S.p.A, Springfield Armory Inc., Kimber Manufacturing Inc., Israel Weapon Industries Ltd., Browning Arms Company, Walther Arms Inc., Kahr Arms Inc., Kalashnikov Group, Fratelli Tanfoglio S.N.C., Taurus Holdings Inc., Zastava Arms d.o.o, and Canik Firearms Manufacturing Inc.

North America was the largest region in the handguns market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in handguns report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the handguns market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.

A handgun is a compact, easily portable firearm designed for use with one hand. It encompasses various types such as pistols and revolvers, and is commonly utilized for self-defense, law enforcement duties, and sport shooting. Due to their smaller size, handguns are more convenient to carry and conceal compared to larger firearms.

The primary categories of handguns include revolvers, semi-automatic pistols, single-shot handguns, and other variants. Revolvers are characterized by a rotating cylinder that holds multiple cartridges, allowing multiple shots before needing to reload. These firearms are usually made from materials like metal, polymer, or composite substances and are sold through different distribution channels, such as online platforms, physical retail outlets, and specialty stores. The key end users of handguns include defense forces, homeland security agencies, individual users for self-defense, sports shooting enthusiasts, hunters, and law enforcement bodies.

The handguns market research report is one of a series of new reports that provides handguns market statistics, including the handguns industry's global market size, regional shares, competitors with the handguns market share, detailed handguns market segments, market trends and opportunities, and any further data you may need to thrive in the handguns market. This handguns market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The handguns market consists of sales of single-shot pistols, target pistols, air pistols, accessories, and custom parts and upgrades. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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