Small Arms Market Size, Share, Top Manufacturers and Forecast 2023-2028
The latest report published by IMARC Group, titled “ Small Arms Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ”, offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global small arms market size reached US$ 9.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028. Small arms refer to handheld firearms and other related weapons used primarily for individual or small group engagement. These include handguns, rifles, shotguns, and submachine guns, designed to offer accuracy, portability, and ease of use. Different types of small arms are manufactured to meet various military, law enforcement, recreational, and personal defense needs. Key features of small arms may consist of specific caliber speci...