
Firearms Market by Type (Machine Gun, Pistol, Revolver), Mode of operation (Automatic, Manual, Semi-automatic), Caliber, End user - Global Forecast 2024-2030
Description
Firearms Market by Type (Machine Gun, Pistol, Revolver), Mode of operation (Automatic, Manual, Semi-automatic), Caliber, End user - Global Forecast 2024-2030
The Firearms Market size was estimated at USD 8.28 billion in 2023 and expected to reach USD 8.73 billion in 2024, at a CAGR 5.49% to reach USD 12.04 billion by 2030.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 InsightsThe 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
The report offers valuable insights on the following aspects:
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. 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.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
1. What is the market size and forecast of the Firearms Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Firearms Market?
3. What are the technology trends and regulatory frameworks in the Firearms Market?
4. What is the market share of the leading vendors in the Firearms Market?
5. Which modes and strategic moves are suitable for entering the Firearms Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
187 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Firearms Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growing need for self defense and personal safety
- 5.1.1.2. Extensive use for recreational activities such as target shooting
- 5.1.1.3. Demand from military and law enforcement agencies
- 5.1.2. Restraints
- 5.1.2.1. High cost and stringent government regulations
- 5.1.3. Opportunities
- 5.1.3.1. Improvement in firearm designs and rise in the military expenditure
- 5.1.3.2. Utilization of 3D printing for manufacturing of firearms
- 5.1.4. Challenges
- 5.1.4.1. Concerns associated with misuse and public safety
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Firearms Market, by Type
- 6.1. Introduction
- 6.2. Machine Gun
- 6.3. Pistol
- 6.4. Revolver
- 6.5. Rifles
- 6.6. Shotgun
- 7. Firearms Market, by Mode of operation
- 7.1. Introduction
- 7.2. Automatic
- 7.3. Manual
- 7.4. Semi-automatic
- 8. Firearms Market, by Caliber
- 8.1. Introduction
- 8.2. 12.7mm
- 8.3. 14.5mm
- 8.4. 5.56mm
- 8.5. 7.62mm
- 8.6. 9mm
- 9. Firearms Market, by End user
- 9.1. Introduction
- 9.2. Commercial
- 9.3. Law Enforcement
- 9.4. Military
- 10. Americas Firearms Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Firearms Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Firearms Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. FPNV Positioning Matrix
- 13.2. Market Share Analysis, By Key Player
- 13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Agreement, Collaboration, & Partnership
- 13.3.1.1. Digital Arms in Partnership With Barrett Firearms to Launch Historic Barrett M82A1 NFT Drop
- 13.3.2. New Product Launch & Enhancement
- 13.3.2.1. First-ever smart gun with biometric unlock launched, to reduce accidental firing
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.1.1. Anderson Manufacturing
- 14.1.2. Benelli
- 14.1.3. Beretta
- 14.1.4. Black Rain Ordnance
- 14.1.5. Colt's Manufacturing Company, LLC
- 14.1.6. Diamondback Firearms
- 14.1.7. FN America, LLC
- 14.1.8. GLOCK, Inc.
- 14.1.9. Henry RAC Holding Corp.
- 14.1.10. Heritage Manufacturing, Inc.
- 14.1.11. Hi-Point Firearms
- 14.1.12. Kalashnikov Concern JSC
- 14.1.13. KelTec CNC Industries, Inc.
- 14.1.14. KIMBER MFG., INC.
- 14.1.15. Legacy Sports International
- 14.1.16. O. F. Mossberg & Sons, Inc.
- 14.1.17. Radical Firearms, LLC
- 14.1.18. RemArms LLC.
- 14.1.19. Ruger and Co., Inc.
- 14.1.20. Savage Arms, Inc.
- 14.1.21. SCCY
- 14.1.22. Sig Sauer, Inc.
- 14.1.23. SMITH & WESSON BRANDS, INC.
- 14.1.24. Springfield Armory
- 14.1.25. Walther Arms, INC.
- 14.2. Key Product Portfolio
- 15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing
- FIGURE 1. FIREARMS MARKET RESEARCH PROCESS
- FIGURE 2. FIREARMS MARKET SIZE, 2023 VS 2030
- FIGURE 3. FIREARMS MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. FIREARMS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. FIREARMS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. FIREARMS MARKET DYNAMICS
- FIGURE 7. FIREARMS MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
- FIGURE 8. FIREARMS MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. FIREARMS MARKET SIZE, BY MODE OF OPERATION, 2023 VS 2030 (%)
- FIGURE 10. FIREARMS MARKET SIZE, BY MODE OF OPERATION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. FIREARMS MARKET SIZE, BY CALIBER, 2023 VS 2030 (%)
- FIGURE 12. FIREARMS MARKET SIZE, BY CALIBER, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. FIREARMS MARKET SIZE, BY END USER, 2023 VS 2030 (%)
- FIGURE 14. FIREARMS MARKET SIZE, BY END USER, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. AMERICAS FIREARMS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 16. AMERICAS FIREARMS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. UNITED STATES FIREARMS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 18. UNITED STATES FIREARMS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. ASIA-PACIFIC FIREARMS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. ASIA-PACIFIC FIREARMS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. EUROPE, MIDDLE EAST & AFRICA FIREARMS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 22. EUROPE, MIDDLE EAST & AFRICA FIREARMS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 23. FIREARMS MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 24. FIREARMS MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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