Market Share of Small Arms Industry
The small arms market is fragmented, with the presence of several players holding significant shares in the market. Some of the key players in the market are Heckler & Koch GmbH, Sturm, Ruger & Co. Inc., GLOCK Gesellschaft m.b.H., FN Herstal SA, and Sig Sauer, Inc.
Key OEMs in the market are focusing on building long-lasting, accurate, ergonomic products with high quality that will help them attract new customers. For instance, in November 2021, Russia's Lobaev Arms Corporation unveiled the DXL-5 'Havoc' sniper rifle, which, according to the company, is the most powerful sniper rifle in Russia. The weapon is chambered with 50 BMG caliber rifle ammunition.
As most of the contracts awarded in the market comprise large procurements with higher volumes, companies may benefit from higher revenues per contract. At the same time, there is intense competition among players to obtain small arms contracts. With several countries increasing their local small arms manufacturing capabilities, the competition in the market is expected to intensify further in the years to come.
Small Arms Market Leaders
Heckler & Koch GmbH
Sturm, Ruger & Co., Inc.
FN Herstal
GLOCK Gesellschaft m.b.H.
Sig Sauer, Inc.
*Disclaimer: Major Players sorted in no particular order
