Small Arms Market Forecast and Opportunity Assessment till 2028
The small arms market size was estimated at US$ 7.8 Billion in 2021 and is expected to grow at a CAGR of 2.7% during 2022-2028 to reach US$ 8.9 Billion in 2028.
Small arms are specialized weapons anybody may use for self-defense and enjoyment. Small arms are also used by members of the armed forces and law enforcement during their respective missions. Small arms refer to various weapons, including rifles, shotguns, pistols, and similar devices. The most common uses for weapons are in sporting events, hunting, and self-defense, and it is predicted that these markets will continue to grow strongly in the future. Governments worldwide have put restrictions and guidelines on the purchase and use of small guns. Important drivers of the global growth of small weapons include the expansion of small arms in sporting events and the rise in demand for small arms for self-defense applications. Read more: https://www.stratviewresearch.....com/2962/small-arms-