Small Arms and Light Market Dimension, Detailed Analysis of Current Industry Figures with Forecasts Growth By 2027
The report on the Small Arms and Light Weapons Market confirms the future market forecasts related to the size, revenue, production, consumption, gross margin, and other essential factors of the Small Arms and Light Weapons Market. It also examines the role of the leading small arms and lightweight construction market players in the industry, including their company overview. While the report emphasizes the key factors driving the Small Arms and Lighting market, it also offers a complete study of the future trends and developments in the market.
The global small arms and light weapons market is expected to be valued at around USD 21.5 million in 2019 and is expected to grow at a healthy growth rate of more than 4.5% over the forecast period 2020-2027. Small arms and light weapons are weapons that cannot be carried and operated by more than three people without using a vehicle. The small arms are intended for discreet use, while light weapons are weapons that are used by a crew. The increasing incidents of armed violence and terrorism have led civilians to procure weapons for self-defense in order to fuel market growth
More recently, the coronavirus outbreak has peaked in some markets while its ongoing effects continue to challenge others. Amid the uncertainties, companies are revising their reopening and reinvention permissions with full force, but now they need to consider the progression of the pandemic and its recurrence across regions. Our in-depth analysis of this business area will not only help you brainstorm recovery measures, it will also enable you to develop strategies to remain profitable.
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In addition, increasing initiatives by government agencies are fueling market growth. As with the Police Modernization and Soldier Modernization Program in Asia Pacific and the Middle East, market growth is driving greater market growth. For example: In June 2019, the Italian Ministry of Defense and the Ministry of Economic Development announced a joint investment of USD 8.2 billion in the modernization needs of the defense industry. In addition, the counter-terrorism initiatives by countries like Russia, the United States and France are expected to increase demand. In addition, increasing measures to curb human rights abuses and drug trafficking are accelerating market growth
Small arms and light market forecasts, based on a thorough understanding of future market spending, provide enumerated insights to aid your decision-making process. Our market forecast is based on a market model derived from market connectivity, dynamics and identified compelling factors in order to conventions about the market. These conventions are elucidated through factual bases, primary and secondary research tools, regressive analysis, and an extensive liaison with industry people.
In addition, heavy investments in defense research and development for shoulder-wired weapons to develop a highly robust, reliable and durable weapon support the market growth. According to the Stockholm International Peace Research Institute (SPIRI), the United States increased its defense spending by 5.3%, totaling $ 732 billion in 2019 compared to its spending in 2018. This represents 38% of global defense spending. However, strict cross-border weapons legislation is hindering the growth of the market in the forecast period 2020-2027. However, 3D printed guns and corner rifles offer a lucrative opportunity for the market.
Key Companies featured in Small Arms and Light Goods Market report are: General Dynamics Corporation, FN Herstal SA, Sturm, Ruger & Co., SIG Sauer GmbH, Colts Manufacturing Co. LLC, Carl Walther GmbH, Lockheed Martin Corporation, Glock Gesm.bH, Browning Arms Company, Beretta SpA
The report on the Small Arms and Light Market is intended to consider both qualitative and quantitative aspects of the industry in each of the regions and countries involved in the study. Additionally, the Small Arms and Light market report has the detailed information about the crucial aspects such as driving factors and challenges that will determine the future growth of the market. In addition, the report should also include the available investment opportunities in the micro-markets for the stakeholders as well as the detailed analysis of the competitive landscape and product offerings of the key players.
1 Overview of the small arms and lighting market
- Research priorities
- Years considered
- Market research methodology
- Economic indicators
- Consideration of the currency
- World market overview
- Global analysis and forecast of small arms and light consumption
- Small arms and light consumption CAGR by region
3 market drivers, challenges and trends
- Small arms and light market drivers and impacts
- Growing demand from key regions
- Growing demand from key applications and potential industries
- Market Challenges and Impacts
- Small arms and light market trends
4 Marketing, Dealers and Customers
- Sales channel
- Direct channels
- Indirect channels
5 Analysis of the main actors
- Company details
- Offer of small arms and light products
- Home business overview
- Product benchmarking
- Recent developments and technological advances
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