Market Share of Sniper Rifle Industry
Some prominent players in the Sniper Rifle Market are SNT Motiv Co., Ltd., Savage Arms, Inc., Herstal Group, and Knights Armament Co, Strategic Armory Corps LLC, among others. Various companies are now developing advanced sniper rifles which are more lethal and are capable of supporting two different types of ammunition. These companies have a global footprint and robust supply chain, which aids in increasing their market presence. The local companies running with the support of the national government are the key competitors in the market. They have developed the ability to supply sniper rifles with high accuracy at a relatively low price while also meeting all the requirements set by the global armed forces.
For instance, in January 2022, according to the information released by the company Sako, the Finnish Defence Forces Logistics Command and Sako Ltd signed a contract to procure the new Rifle System M23 from the company. The total value of the procurement, including the value-added tax, will be approximately EUR 10 million (USD 11.84 million). Moreover, the contract also includes an additional procurement option for possible subsequent procurements.
Sniper Rifle Market Leaders
SNT Motiv Co., Ltd.
Savage Arms, Inc.
Knights Armament Co
Strategic Armory Corps LLC
Herstal Group
*Disclaimer: Major Players sorted in no particular order
