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North America Small Arms Market Size (2024 - 2029)

The North American small arms market is anticipated to experience growth over the forecast period, driven by the demand for ammunition, particularly from military users who require higher quantities compared to law enforcement personnel. The market's expansion is supported by the replacement of outdated ammunition stocks with newer, safer, and more durable options. Despite minor disruptions due to the COVID-19 pandemic, the market's revenue remained stable, indicating resilience and continued demand in the sector.

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Market Size of North America Small Arms Industry

North America Small Arms Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 3.20 %
Market Concentration Low

Major Players

North America Small Arms Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Small Arms Market Analysis

The North American small arms market is projected to register a CAGR of 3.2% during the forecast period.

  • The COVID-19 pandemic had a minimal impact on the small arms market. While a few manufacturers experienced supply chain issues and contract delays, there was no significant drop in small arms revenue for market players in 2020 and 2021.
  • According to data, there is a higher demand for ammunition from military users due to increased usage. The minimum carry count of ammunition per soldier is over 120 rounds or 4 magazines for assault rifles. In contrast, law enforcement personnel carry barely 60 rounds per person for their handguns and rifles.
  • Popular and capable assault rifles can fire either 5.56- or 7.62-mm ammunition, and most countries in the study scope have a high preference for the Russian Ak-47 rifles. However, 12.7 mm or .50 caliber ammunition is in higher demand for military roles, while private and law enforcement users tend to use 9 mm and .45 caliber ammunition more often.
  • North American countries are replacing their aging ammunition with fresh stock, which has a longer lifespan and improved storage and handling safety compared to ammunition manufactured a decade ago. This is a key driving factor for the market during the forecast period.

North America Small Arms Industry Segmentation

Small arms are firearms designed for personal use, typically carried and operated by an individual. They include handguns, rifles, shotguns, submachine guns, and light machine guns, among others. Small arms are commonly used by the military, law enforcement, and civilians for self-defense, hunting, and sport shooting.

The North American small arms market is segmented by end-user, type, and geography. By end-user, the market is segmented into civil and law enforcement and military. By type, the market is segmented into handguns, machine guns, shotguns, and rifles. By geography, the market is segmented into the United States and Canada. The report also covers the sizes and forecasts for the market in major countries across different regions.

For each segment, the market sizing and forecasts have been provided in value (USD million).

By End User
Civil and Law Enforcement
Military
By Type
Handgun
Machine Gun
Shotgun
Rifle
By Geography
United States
Canada
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North America Small Arms Market Size Summary

The North American small arms market is poised for steady growth, driven by a combination of military and civilian demand. The market's resilience was evident during the COVID-19 pandemic, which had minimal impact on revenue despite some supply chain challenges. The demand for ammunition, particularly from military users, is on the rise due to increased operational requirements. This has led to a focus on replacing aging ammunition stocks with newer, safer, and more durable options. The preference for specific types of ammunition varies, with military users favoring larger calibers like .50 caliber, while law enforcement and private sectors lean towards 9 mm and .45 caliber rounds. The market is further bolstered by significant military spending in the United States and Canada, which accounts for the majority of the region's defense budget, facilitating the procurement of advanced small arms.

The competitive landscape of the North American small arms market is characterized by the presence of major players such as Sig Sauer GmbH, FN Herstal SA, and Smith & Wesson Brands, Inc. These companies are at the forefront of innovation, responding to the evolving needs of military and civilian users. The United States, in particular, is investing heavily in next-generation weaponry to maintain its military edge, influenced by advancements in rival nations like Russia and China. This investment is reflected in the procurement of new weapons systems, such as the XM5 rifle and XM250 automatic rifle, which are set to replace older models. Additionally, the market is experiencing increased local manufacturing capabilities, which is expected to intensify competition and drive further growth in the coming years.

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North America Small Arms Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By End User

      1. 2.1.1 Civil and Law Enforcement

      2. 2.1.2 Military

    2. 2.2 By Type

      1. 2.2.1 Handgun

      2. 2.2.2 Machine Gun

      3. 2.2.3 Shotgun

      4. 2.2.4 Rifle

    3. 2.3 By Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

North America Small Arms Market Size FAQs

The North America Small Arms Market is projected to register a CAGR of greater than 3.20% during the forecast period (2024-2029)

Sig Saur GmbH , FN Herstal SA , Heckler & Koch GmbH, Sturm, Ruger & Company, Inc. and Smith & Wesson Brands, Inc. are the major companies operating in the North America Small Arms Market.

North America Small Arms Report Snapshots

North America Small Arms Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)