Small Arms Industry is Expected to Expand at a CAGR 4%
Market overview: Small Arms industry Size is estimated to reach USD 8.6 Billion by 2030, registering a CAGR of 4% during 2020-2030. The global Small Arms industry has been segmented based on type, barrel, operation, end-user, and region. The Small Arms Market is divided into handguns, shotguns, machine guns, and rifles & others. The handguns segment is further divided into pistols and revolvers. The rifles segment is estimated to account for the largest market share and is projected to witness the highest CAGR during the forecast period owing to the increasing civilian procurement of rifles for hunting and sporting activities. Furthermore, sniper and assault rifles are widely being procured by military and law enforcement agencies, for combat against terrorism, armed violence, and disrupting other criminal activities. Key Players The key players in the global Small Arms industry are Accuracy International Ltd. (UK), American Outdoor Brands Corporation (US), Beretta...