Pistols and Rifles Market Revenue was valued at USD 10.5 Billion in 2024 and is estimated to reach USD 15.2 Billion by 2033, growing at a CAGR of 5.2% from 2026 to 2033.
In 2023, the global small arms market, encompassing pistols and rifles, was valued at USD 9.07 billion and is projected to grow to USD 12.32 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.35% during the forecast period. North America dominated the market with a 43.33% share, driven by high defense spending and a strong culture of civilian gun ownership. Europe followed, accounting for 30% of the market, with countries such as Germany, the United Kingdom, and France investing in modernizing their armed forces. The Asia Pacific region contributed 12% to the market, with countries like China and India increasing defense budgets and witnessing rising civilian demand for personal protection firearms. Latin America and the Middle East & Africa held smaller shares, at 7% and 6% respectively. The Asia Pacific region is expected to experience the highest growth rate, with a projected CAGR of 8.5%, driven by increasing interest in hunting and recreational shooting in countries like China, Japan, and Australia. Opportunities in the pistols and rifles market include the development of smart guns incorporating features such as fingerprint recognition and electronic firing mechanisms, offering enhanced safety and functionality. Additionally, emerging economies present a fertile ground for market expansion due to rising defense budgets and increasing civilian purchasing power. However, the market faces challenges such as stringent regulations regarding firearm ownership and sales, which can limit growth, and increasing public concern over gun violence, leading to calls for stricter control measures.
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Norinco
Smith & Wesson
Sturm
Ruger & Co.
Colt’s Manufacturing
Remington Outdoor
Olin Corporation
Ordnance Factory Board (OFB)
General Dynamics
FN Herstal
O.F. Mossberg & Sons
Taurus USA
SSS Defence
GLOCK
Inc.
SIG SAUER
Beretta
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Pistols and Rifles Market
Handguns
Rifles
Shotguns
Machine Guns
Revolvers
Single Action
Double Action
Lever Action
Pump Action
Automatic Action
Small Caliber (less than .22)
Medium Caliber (.22 to .45)
Large Caliber (greater than .45)
Shotgun Gauge (12, 20, etc.)
Law Enforcement Agencies
Military
Sports and Recreation
Private Security Firms
Civilians
Online Retailers
Physical Stores
Specialized Firearms Shops
Wholesale Distributors
Government Contracts
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Pistols and Rifles Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Pistols and Rifles Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Pistols and Rifles Market, By Type
6. Global Pistols and Rifles Market, By Application
7. Global Pistols and Rifles Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Pistols and Rifles Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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