Shotgun and Rifles Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Shotgun and Rifles Market has been segmented by Range (Short-range, Medium-range, Long-range), End-user (Military, Civilian and Law Enforcement), Loading Mechanism (Manual, Semi-Automatic/Automatic), and Geography.

Shotgun & Rifles Market Size

shotgun and rifles market analysis
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Study Period 2018 - 2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
CAGR > 6.00 %
Fastest Growing Market North America
Largest Market North America

Major Players

shotgun and rifles market major players

*Disclaimer: Major Players sorted in no particular order


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Shotgun & Rifles Market Analysis

The Shotguns and Rifles market is expected to exhibit a CAGR of 6% during the forecast period 2020-2025.

  • The rampant incidents of terror attacks have resulted in the modernization of the weapon armada of law enforcement agencies to prevent such incidences effectively and minimize loss of life. This has driven the demand for rifles and shotguns and is expected to bolster the procurement initiatives during the forecast period.
  • The rise in geopolitical conflicts has driven the procurement of new equipment as part of ongoing soldier modernization programs, the induction of heavily armored vehicles such as main battle tanks (MBTs) and armored personnel carriers (APCs) has driven the demand for armor-piercing weaponry, such as anti-material rifles.
  • Technological advancements in terms of automation in bullet loading, self-steering bullets, cutting-edge technologies in sniper accessories are all expected to make the rifles more efficient and accurate in the years to come.

Shotgun & Rifles Industry Segmentation

The shotguns and rifles market report covers the latest trends and technological trends in the shotguns and rifles market, demand of the range type, end user type, loading mechanism type, geography and market share of major shotgun and rifle types and companies across the world.

Short Range
Medium Range
Long Range
End User
Civilian and Law Enforcement
Loading Meachnism
North America
United States Of America
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Latin America
Rest of Latin America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Rest of Middle-East and Africa

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Shotgun & Rifles Market Trends

This section covers the major market trends shaping the Shotgun & Rifles Market according to our research experts:

Technological Advancements Like the Smart Gun Technology Projected to Drive the Market Growth During the Forecast Period

Technological advancements like the Internet of Things (IOT) and the penetration of digitalization are driving the growth of the market currently. One such result of the penetration of the technological advancements in this industry is the smart gun technology. Though this technology is available for the industry since a long time, their demand has seen a surge in the number of lost/stolen rifles and shotguns in countries such as United States of America in the last 5-10 years. Even though the numbers reduced in the last two years, they are still significantly high, which has resulted in the regaining of traction in terms of emphasis on smart guns. Smart guns can only be operated by its legal owner and prevents the access by other people. This can help in lowering the gun related injuries and homicides. A law passed in New Jersey requires every gun shop to sell only smart guns three years after the technology is commercially available. 40% of the gun owners in United States are ready to adopt smart guns. Many new startups in United States have started focusing on development of smart guns again after the backlash the market received during 2014-2015 by gun right activists, National Rifle Association, retailers, and others. SAAR, a Switzerland based company is planning to start selling smart assault rifles equipped with user recognition technology to law enforcement agencies. The company aims to start selling the gun from second half of 2020. Increasing use of RFID and fingerprint recognition technology is fueling the market growth for smart guns. Such developments are expected to help the growth of the market in the years to come.

shotgun and rifles market forecast

North America to Remain Dominant During the Forecast Period

North America is currently the largest market for rifles and shotguns and the region is also expected to continue its dominance in the market by growing with the highest CAGR during the forecast period. Most of the demand for rifles is from the US military. During the forecast period, the US Army plans to buy a mix of more than 120,000 new light machine guns and rifles, built around new ammunition, to replace both the M4 carbine and M249 Squad Automatic Weapon for its soldiers. The Next Generation Squad Weapon (NGSW) program was designed to replace the standard rifle and squad machine gun for close-combat units such as infantry, scouts and combat engineers in the Army. In this regard, three contractors Sig Sauer, General Dynamics-OTS and Textron Systems were selected in 2019. The contractors are expected to deliver 28 prototype automatic rifles and 38 prototype rifles along with 660,000 rounds of ammunition for testing and evaluation by the end of 2021. Also, in March 2020, Heckler & Koch was awarded a USD 33,5 million U.S. Army contract modification for new sniper rifles. The modification contract was related to a previous contract or Compact Semi-Automatic Sniper Systems (CSASS) and the Squad Designated Marksman Rifle. The contract had an estimated completion date of March 16, 2022. In addition to military procurement, incidents such as mass shootings have propelled the market for civilian and homeland security procurements of rifles and their ammunition in the region.

shotgun and rifles market size

Shotgun & Rifles Industry Overview

The shotgun and rifles market is a fragmented one with players such as Heckler & Koch GmbH, Sturm, Ruger & Co., Inc., Remington Arms Company, LLC., FN Herstal, S.A., Sig Saur GmbH dominating the market. Players are focusing on developing ergonomic products that help them attract new customers. For instance, in SHOT Show 2018, Israel Weapon Industries showcased Tavor TS12 gas-powered semi-automatic shotgun exhibiting bullpup design for easy handling and dual ammunition feed system that facilitates easy reloading for both right and left-handed combatants. Many foreign players are setting up their manufacturing facilities in other countries. For instance, in 2019, CZ-USA announced to invest USD 90 million till 2025 to build a production plant in Little Rock, Arkansas that will also act as the company’s North America headquarters. Such expansion activities will help the players tap into new regional markets, thereby increasing their market presence and opportunities for growth.

Shotgun & Rifles Market Leaders

  1. Sturm, Ruger & Co., Inc.

  2. Sig Sauer GmbH

  3. Heckler & Koch GmbH

  4. FN Herstal, S.A.

  5. Remington Arms Company, LLC.

*Disclaimer: Major Players sorted in no particular order

Heckler & Koch GmbH, Sturm, Ruger & Co., Inc., Remington Arms Company, LLC., FN Herstal S. A.,

Shotgun & Rifles Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Range

      1. 5.1.1 Short Range

      2. 5.1.2 Medium Range

      3. 5.1.3 Long Range

    2. 5.2 End User

      1. 5.2.1 Military

      2. 5.2.2 Civilian and Law Enforcement

    3. 5.3 Loading Meachnism

      1. 5.3.1 Manual

      2. 5.3.2 Semi-Automotic/Automatic

    4. 5.4 Geography

      1. 5.4.1 North America

        1. United States Of America

        2. Canada

      2. 5.4.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. India

        2. China

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.4.4 Latin America

        1. Brazil

        2. Mexico

        3. Rest of Latin America

      5. 5.4.5 Middle-East and Africa

        1. United Arab Emirates

        2. Saudi Arabia

        3. Egypt

        4. Rest of Middle-East and Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Remington Arms Company, LLC.

      2. 6.2.2 Sturm, Ruger & Co., Inc.

      3. 6.2.3 Sig Sauer GmbH

      4. 6.2.4 Heckler and Koch GmbH

      5. 6.2.5 OF Mossberg and Sons

      6. 6.2.6 JSC Kalashnikov Concern

      7. 6.2.7 Fabbrica d'Armi Pietro Beretta

      8. 6.2.8 CheyTac LLC

      9. 6.2.9 FN Herstal S.A.

      10. 6.2.10 Barret Firearms

      11. 6.2.11 Springfield Armory Inc.

      12. 6.2.12 Browning Arms Company

      13. 6.2.13 Winchester Repeating Arms

      14. 6.2.14 Benelli Armi SpA


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Shotgun & Rifles Market Research FAQs

The Shotgun and Rifles Market is projected to register a CAGR of greater than 6% during the forecast period (2023-2028).

Sturm, Ruger & Co., Inc., Sig Sauer GmbH, Heckler & Koch GmbH, FN Herstal, S.A. and Remington Arms Company, LLC. are the major companies operating in the Shotgun and Rifles Market.

North America is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the North America accounts for the largest market share in the Shotgun and Rifles Market.

Shotgun and Rifles Industry Report

Statistics for the 2023 Shotgun and Rifles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Shotgun and Rifles analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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