Global Firearms Market

Global Firearms Market Overview      

• The Global Firearms Market Size is Expected to Grow from USD 9.45 Billion in 2023 to USD 14.88 Billion by 2033, at a CAGR of 4.64% during the forecast period 2023-2033.
• The Firearm Market is a global industry that produces, distributes, and sells portable weapons designed to launch projectiles at high velocity.
• It includes handguns, rifles, shotguns, and machine guns, catering to both civilian and military applications.
• The market is driven by geopolitical tensions, technological advancements, military modernization, civilian demand, and rising military expenditure.
• Global conflicts and security concerns drive demand for advanced firearms in defense sectors, while advancements in smart guns, biometric safety features, and precision engineering enhance firearm functionality and safety.
• Governments are investing in upgrading their defense forces to enhance security.

Major vendors in the Global Firearms Market 

Smith & Wesson, FN Herstal, Ruger & Co., Inc., Glock Inc., SIG SAUER, and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Decision Advisor has segmented the firearms market based on the below-mentioned segments:

Global Firearms Market, By Type

• Handguns
• Rifles
• Shotguns
• Machine Guns
• Submachine Guns
• Others

Global Firearms Market, By Caliber

• Small Caliber
• Medium Caliber
• Large Caliber
• Shotgun Gauges

Global Firearms Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa