Small Arms Market Worth 4.92 Billion USD by 2020

PUNE, India, March 8, 2016 /PRNewswire/ --

The report "Small Arms Market by End User (Military, Law Enforcement, Hunting, Sports, Self-defense), Type (Pistol, Revolver, Rifle, Machine Gun, Shotgun), Caliber (5.56MM, 7.62MM, 9MM), Technology, Cutting Type, Firing Systems, & Region - Global Forecast to 2020", published by MarketsandMarkets, the market is estimated to reach USD 4.92 Billion by 2020, at a CAGR of 3.8% from 2015 to 2020.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302)

Browse 156 Tables and 157 Figures spread through 225 Pages and in-depth TOC on "Small Arms Market".

http://www.marketsandmarkets.com/Market-Reports/small-arms-market-138024472.html

Early buyers will receive 10% customization on this report. 

This growth can be attributed to the rising commercial use of small arms, combined with the rising incidences of conflicts and terrorism, which are driving the demand for small arms among military forces and law enforcement agencies, globally.

"Military segment dominates the small arms market, among end users" 

The global small arms market is dominated by the military end-user segment, as of 2015, and is expected to continue its dominance till 2020. This dominance can be attributed to the rising conflicts, wars, cross-border disputes, and terrorism worldwide, driving military forces to procure more advanced and efficient small arms and weapons for their different operations. The shooting sports segment is projected to grow at the highest CAGR during the forecast period, owing to the increasing civilian participation in target shooting, rifle shooting, and so on.

"The rifle segment to grow the highest during the forecast period" 

The small arms market has been segmented and analyzed in terms of types, namely, pistols, revolvers, rifles, machine guns, and shotguns, among others. The global market is dominated by the rifles segment and this segment is also projected to grow at the highest CAGR during the forecast period, primarily driven by the increasing civilian procurement of rifles for shooting sports, combined with increased procurement of sniper and assault rifles by military and law enforcement agencies, as part of their measures against terrorism, armed violence, and other combat operations.

"Asia-Pacific & the Middle East to be the opportunistic markets for small arms industry" 

The Middle East and Asia-Pacific are expected to drive the growth of the global small arms market in the coming years, with the Asia-Pacific market projected to grow at the highest CAGR during the forecast period, 2015 to 2020. This rapid growth of the Asia-Pacific market can be attributed to the increasing manufacturing capacities, rising demand from defense forces for advanced weapon systems, combined with the increasing military expenditures of major economies of the region, and increasing civilian participation in shooting sports.

The major players in the small arms market have been identified as Orbital ATK (U.S.), Smith & Wesson Holding Corp. (U.S.), Sturm, Ruger, & Co., Inc. (U.S.), and Freedom Group (U.S.), among others.

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=138024472

The report segments and analyzes the small arms market on the basis of end user (military, law enforcement, hunting, sports, self-defense), type (pistol, revolver, rifle, machine gun, shotgun, others), technology (guided, unguided), caliber (5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, Others), cutting type (smooth bore, threaded), firing systems (gas, recoil, manual) and maps these segments and sub segments across the top defense-spending countries of the world, including the U.S., China, Russia, Germany, France, India, Japan, and so on.

Browse Related Reports 

Light Weapons Market by Type (HMG, Light Cannon, MANPAT, Grenade, Mortar, MANPAD, Grenades, Missiles, Launcher, ATW, Landmine), Technology (Guided, Unguided), Application (Defense, Homeland Security) & Geography - Forecast & Analysis to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/light-weapons-market-224024553.html

Smart Weapons Market by Product (Missiles (Anti-Tank, Anti-Aircraft, Standoff) Munitions (Guided Bombs & Target Pods), Guided Projectile (Artillery Shells & Mortar Rounds), Guided Rockets, Precision Guided Firearm), Technology, Platform, Region - Forecast & Analysis to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/smart-weapons-market-1284.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://mnmblog.org/market-research/aerospace-defence  

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets