Global Small Arms Market - Projected to Grow from USD 4.09 Billion in 2015 to USD 4.92 Billion by 2020
15 Mar, 2016, 13:10 GMT
DUBLIN, March 15, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/r8q8vq/small_arms_market) has announced the addition of the "Small Arms Market - Global Forecast to 2020" report to their offering.
The global small arms market is projected to grow from USD 4.09 Billion in 2015 to USD 4.92 Billion by 2020, at a CAGR of 3.8% during the forecast period. Factors such as rising wars and cross-border disputes, rise in terrorism, and increasing civilian use of small arms are expected to drive the growth of the global market during the forecast period of 2015 to 2020.
On the basis of end users, the given market has been segmented into military, law enforcement, hunting, sports, and self-defense. The sports segment is projected to grow at the highest CAGR during the forecast period of 2015 to 2020, driven by the increasing civilian participation in shooting sports, such as target shooting, rifle shooting, and handgun shooting, among others.
The small arms procurement in the military and law enforcement segments have increased considerably over the past few years, mainly driven by the high number of wars against terrorist outfits, globally, especially in the Middle East and Asia-Pacific regions. Some of the major types of small arms being procured are pistols, rifles, and heavy machine guns, among others. On the basis of type, the small arms market has been segmented into pistol, revolver, rifle, machine gun, and shotgun, among others. The overall market is dominated by the rifles segment as of 2015, and this segment is expected to witness the highest growth in the coming years, owing to the aforementioned factors.
The Asia-Pacific region is expected to exhibit the highest growth in the small arms market during the forecast period. This rapid growth can be attributed to the increasing military expenditures of major economies of the region, including China and India, high number of wars and cross-border disputes in the region, rising civilian participation in shooting sports, and increasing investments by governments for modernization of military as well as law enforcement forces.
Companies Mentioned:
- Beretta Holding S.P.A
- Colt's Manufacturing Company, LLC
- Forjas Taurus SA
- Freedom Group
- General Dynamics Corporation
- Glock Ges.M.B.H
- Heckler & Koch GmbH
- Herstal SA
- Orbital ATK
- Smith & Wesson Holding Corporation
- Sturm, Ruger & Company Inc.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Small Arms Market, By End User
8 Small Arms Market, By Type
9 Small Arms Market, By Technology
10 Small Arms Market, By Caliber
11 Small Arms Market, By Cutting Type
12 Small Arms Market, By Firing System
13 Small Arms Market, By Country
14 Competitive Landscape
15 Company Profile
For more information visit http://www.researchandmarkets.com/research/r8q8vq/small_arms_market
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SOURCE Research and Markets