North America Small Arms Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.20 % |
| Market Concentration | Low |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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North America Small Arms Market Analysis
The North American small arms market is projected to register a CAGR of 3.2% during the forecast period.
- The COVID-19 pandemic had a minimal impact on the small arms market. While a few manufacturers experienced supply chain issues and contract delays, there was no significant drop in small arms revenue for market players in 2020 and 2021.
- According to data, there is a higher demand for ammunition from military users due to increased usage. The minimum carry count of ammunition per soldier is over 120 rounds or 4 magazines for assault rifles. In contrast, law enforcement personnel carry barely 60 rounds per person for their handguns and rifles.
- Popular and capable assault rifles can fire either 5.56- or 7.62-mm ammunition, and most countries in the study scope have a high preference for the Russian Ak-47 rifles. However, 12.7 mm or .50 caliber ammunition is in higher demand for military roles, while private and law enforcement users tend to use 9 mm and .45 caliber ammunition more often.
- North American countries are replacing their aging ammunition with fresh stock, which has a longer lifespan and improved storage and handling safety compared to ammunition manufactured a decade ago. This is a key driving factor for the market during the forecast period.
North America Small Arms Market Trends
Military Segment Expected to Continue its Dominance During the Forecast Period
- North American countries, specifically the United States and Canada, accounted for 94% of the total military spending in the region, followed by South America with 5.1% and Central America and the Caribbean with 1.2%. In 2021, the United States spent approximately 800.67 billion U.S. dollars on its military, while Canada's defense budget for the same year was around 26.5 billion U.S. dollars, representing a three billion U.S. dollar increase compared to 2020.
- With the increase in military engagements, armed forces are upgrading to more powerful small arms to meet combat requirements. Additionally, militaries are prioritizing firearms that can cause cyclical impacts and inflict more damage on enemies as their armor becomes tougher to penetrate. Countries are now procuring a wide variety of the latest-generation small arms for their militaries.
- For instance, in April 2022, the Army awarded SIG Sauer, a manufacturer, a contract for two new soldier weapons: the XM5 rifle and the XM250 automatic rifle. The XM5 will replace the M4/M4A1 carbine rifle for soldiers involved in close-quarters combat, while the XM250 will replace the M249 squad automatic weapon. Such procurements are expected to drive the segment's growth during the forecast period.
The United States to Exhibit the Highest Growth Rate During the Forecast Period
- On April 4, 2022, the FY2023 presidential budget request for the United States totaled USD 773 billion, with USD 177.5 billion allocated for the Army, USD 194 billion for the Air Force and Space Force, and USD 230.8 billion for the Navy and Marine Corps. This represents a 4.1% increase from the FY2022 request.
- The high defense spending of the United States has allowed for the procurement of new-generation small arms. In addition, the adoption of next-generation weaponry by political rivals like Russia and China has incentivized the United States to invest heavily in enhancing the capabilities of its armed forces. US personnel are frequently deployed for peacekeeping missions, as military attachés, or as part of embassy or consulate security, among other classified missions. These deployments have significantly contributed to the growth of small arms procurement by the US armed forces.
- The US forces use various infantry weapons designed to suppress enemy positions, facilitate movement for friendly troops, attack distant targets, and neutralize fortified structures and vehicles. The United States is currently focused on procuring the next-generation squad weapon for its infantry.
- After nearly five years of development, the Army is expected to finalize the design for its Next Generation Squad Weapon by mid-2022 to replace the M4 carbine and M249 machine guns currently used by ground combat soldiers. The two weapons resulting from the Next Generation Squad Weapon program will be fielded to soldiers in frontline military occupational specialties, including infantry, cavalry scouts, combat medics, forward observers, combat engineers, and special operations forces.
- Furthermore, the United States has a significant number of civilian gun users, contributing to the development of a robust small arms industry over the years. As a result, demand from both the civilian and military sectors is expected to continue to positively influence the market in the region during the forecast period.
North America Small Arms Industry Overview
The small arms market in North America is fragmented, with the presence of major players such as Sig Saur GmbH, FN Herstal SA, Heckler & Koch GmbH, Sturm, Ruger & Co, and Smith & Wesson Brands, Inc. Furthermore, North American countries are increasing their local small arms manufacturing capabilities, and competition in the market is expected to intensify further in the coming years.
North America Small Arms Market Leaders
Sig Saur GmbH
FN Herstal SA
Heckler & Koch GmbH
Sturm, Ruger & Company, Inc.
Smith & Wesson Brands, Inc.
*Disclaimer: Major Players sorted in no particular order
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North America Small Arms Market News
- October 2022: The Canadian government announced that MD Charlton had been awarded a contract worth USD 3.2 million to supply new pistols for the Canadian Army. National Defence Minister Anita Anand made the announcement, revealing that as part of the agreement, the British Columbia-based company would provide 7,000 C22 full-frame modular handguns (Sig Sauer P320), along with holster systems, spares, and training.
- March 2022: The US Army announced its intention to acquire 29,000 next-generation rifles and machine guns for testing purposes through grants.
North America Small Arms Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porters Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By End User
5.1.1 Civil and Law Enforcement
5.1.2 Military
5.2 By Type
5.2.1 Handgun
5.2.2 Machine Gun
5.2.3 Shotgun
5.2.4 Rifle
5.3 By Geography
5.3.1 United States
5.3.2 Canada
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share**
6.2 Company Profiles*
6.2.1 Sig Saur GmbH
6.2.2 FN Herstal SA
6.2.3 Heckler & Koch GmbH
6.2.4 Sturm, Ruger & Company, Inc.
6.2.5 Smith & Wesson Brands, Inc.
6.2.6 Colt Canada
6.2.7 Cadex Defence
6.2.8 Para USA
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Small Arms Industry Segmentation
Small arms are firearms designed for personal use, typically carried and operated by an individual. They include handguns, rifles, shotguns, submachine guns, and light machine guns, among others. Small arms are commonly used by the military, law enforcement, and civilians for self-defense, hunting, and sport shooting.
The North American small arms market is segmented by end-user, type, and geography. By end-user, the market is segmented into civil and law enforcement and military. By type, the market is segmented into handguns, machine guns, shotguns, and rifles. By geography, the market is segmented into the United States and Canada. The report also covers the sizes and forecasts for the market in major countries across different regions.
For each segment, the market sizing and forecasts have been provided in value (USD million).
| By End User | |
| Civil and Law Enforcement | |
| Military |
| By Type | |
| Handgun | |
| Machine Gun | |
| Shotgun | |
| Rifle |
| By Geography | |
| United States | |
| Canada |
North America Small Arms Market Research FAQs
What is the current North America Small Arms Market size?
The North America Small Arms Market is projected to register a CAGR of greater than 3.20% during the forecast period (2024-2029)
Who are the key players in North America Small Arms Market?
Sig Saur GmbH , FN Herstal SA , Heckler & Koch GmbH, Sturm, Ruger & Company, Inc. and Smith & Wesson Brands, Inc. are the major companies operating in the North America Small Arms Market.
What years does this North America Small Arms Market cover?
The report covers the North America Small Arms Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the North America Small Arms Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Small Arms Industry Report
Statistics for the 2024 North America Small Arms market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Small Arms analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
