The latest research report titled “Global Small Arms Market”, published by Emergen Research, provides an in-depth analysis of the vital factors of the market that influence its growth and development in the global business sphere. Besides providing further details on market size, revenue estimation, and numerous commercialization aspects, the report presents the market position of key players in the industry.

Some Key Highlights From the Report

• In May 2020, FN America, LLC announced its contract to supply M16A4 carbines to the U.S. army for five years at a firm-fixed-price Foreign Military Sales (FMS). The contract has a potential to reach USD 383 million.
• Shotguns are used for small and fast moving targets, often while they are in the air. This type of weapon is most commonly used in sporting and hunting, and is popular for rabbit and small animal, and bird hunting. Use of smoothbore shotgun with a rifled barrel slug improves accuracy to 100 m or more, and this is a popular option, which is driving demand for and revenue growth of the shotgun segment.
• Semi-automatic weapons are a civilian version of military machine guns, and is less capable of rapid fire. Even though the forearm reloads automatically, users must pull the trigger to fire another round. Pistols, shotguns, and rifles are semi-automatic weapons. Self-loading rifles provides the possibility of increasing the number of effective shots fired at a given time.
• North America accounted for largest revenue share in 2020 due to increased defense budget, purchase of advanced weapons for combat operations, and high number of shooting ranges in countries in the region. Moreover, the presence of key market players such as General Dynamics Corporation, Lockheed Martin Corporation, and Smith & Wesson will continue to support growth of the North America small arms market going ahead.
• Key players in the market include Smith & Wesson, Israel Weapons Industry, Kalashnikov Group, Colt’s Manufacturing LLC, Sturm, Ruger & Co., Inc., GLOCK Ges.m.b.H, Lockheed Martin Corporation, Raytheon, General Dynamics Corporation, and Carl Walther GmbH.

The investigative study further assesses the market on the basis of market reach and consumer base in the key geographical segments. Alongside reviewing the sales network, distribution channels, pricing analysis, profit margins, cost and demand volatility, import/export dynamics, gross revenue, and various other aspects of the market, the report studies several factors affecting market growth over the forecast period, such as drivers, restraints, limitations, growth prospects, and numerous macro- and micro-economic indicators. Moreover, it extensively examines the top market players and their estimated market size and share, sales volume, production and consumption rates, expansion strategies, and competitive edge.

Get a broad analysis of the COVID19 impact on the Small Arms market @ https://www.emergenresearch.com/industry-report/small-arms-market

Thank you for reading our report. For further queries regarding the report, please get in touch with us. Our team will ensure your report is customized as per your requirements.