According to a new market research report of "Small Arms Market (Pistols, Rifles, Sub Machine Guns, Assault Rifles and Light Machine Guns), by Application - Civil, Military, Homeland Security, Region, & by Country - Global Forecasts and Analysis to 2014 - 2019", published by MarketsandMarkets, the market is expected to register growth with a CAGR of 2.60%, and reach$1,927.46 Million by the end of 2019.The major players of the small arms market from the U.S. and Israel are expected to grow at a faster rate. Due to the economic downturn, major countries such as the U.S. and the U.K. are witnessing economic difficulties.
The report contains competitive landscape for small arms, based on the market share of companies and countries on the basis of small weapons market.The U.S. is a major market for small arms. It has an expected growth of 2.74% by 2019. The European market is estimated to be $342.81million in 2014 and is expected to register a growth of 2.39%.
The Middle East is one of the major contributors of small arms. During 2014-2019, 22% of arms transfer from the region went to the UAE and 20% went to Saudi Arabia. This is mainly due to political instability and increasing domestic terrorism. The rising demand for small weapons is attributed to the conflict of Syria. The people are buying guns for protection against any violent attack.
Browse more than 60 market data tables with 15 figures spread through 150 pages and in-depth TOC on "Small Arms Market".
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The report provides a market analysis of the global Small Arms Market over the next five years. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and other key news. It provides information about the leading competitors in the global Small Arms Market. Apart from a general overview of these companies, it also provides details on their financial positions, key products, their unique selling points, and key developments. This research report also segments the market on the basis of products, types, application and geography, country, forecasting revenues, market share, and analyzing trends in each of the sub segments.
The international trade in small arms is diverse, vigorous, and creating an impact on every region of the world. The style of warfare has changed and the use of small weapons by the army has also increased. Recreational hunters and other private individuals are buying millions of imported rifles, shotguns, and rounds of ammunition each year. Millions of additional foreign-sourced weapons are procured by the military and law enforcement agencies worldwide.
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The global Small Arms Market is expected to register growth with a CAGR of 2.60%, and reach $1,927.46 Million by the end of 2019. Self-defence, change in nature of warfare, militarization of police force, lethality, low cost of small weapons, drug trafficking, and binary-coded gun barrels are the driving factors of the global small weapon market.
The report discusses the market opportunities for various small weapons used for homeland security, defense, and commercial applications, during the forecast period 2014-2019. The small arms which are covered in the report have various ammunition specifications. These include the 0.22 Revolver, Pistol 0.32, 5.56 mm and Assault Rifle, Asia-Pacific is the new leader in their region, due to their defense spending and their current national security situation. Key players like Hecklers & Koch, Smith & Wesson, Alliant Techsystems (ATK), and Israel Military Industries play a major role in the industry.
U.S. and Israel are the key players of small arms industry.
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