North America Small Arms Market Size

Statistics for the 2023 & 2024 North America Small Arms market size, created by Mordor Intelligence™ Industry Reports. North America Small Arms size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of North America Small Arms Industry

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North America Small Arms Market Summary
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

North America Small Arms Market Major Players

*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 Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)