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Firearms Market Share

Report ID: GMI7942
Published Date: Jan 2024
Report Format: PDF

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Firearms Market Share

CZ-USA holds the largest market share in market, has strengthened position in the world's most prestigious firearms industry by handling local distribution and sales in the United States. The subsidiary began its operations in California, later moving to Kansas City, Kansas, where it remains active. Additionally, CZ-USA designs and imports shotguns from Turkey and owns Dan Wesson Firearms, which produces high-quality versions of the 1911 pistol.

Firearms Market Companies

Major players operating in the firearms industry are:

Colt's Manufacturing Company
CZ-USA
FN Herstal
H&K (Heckler & Koch)
Remington Arms
Ruger
Sig Sauer
Smith & Wesson
Walther
Winchester Repeating Arms

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The market size for firearms was valued at USD 41.7 billion in 2023 and is estimated to register a CAGR of over 6% between 2024 and 2032, driven by the changing regulatory environment for firearms across several economies.

The handguns segment accounted for around 29% market share in 2023 and is set to gain traction through 2032, owing to concerns about personal safety and self-defense.

North America market for firearms held a revenue share of around 35% in 2023 and is anticipated to grow rapidly through 2032, driven by a deep-seated cultural attachment to gun ownership and a robust customer base for sporting and recreational shooting activities.

Colt's Manufacturing Company, CZ-USA, FN Herstal, H&K (Heckler & Koch), Remington Arms, Ruger, Sig Sauer, Smith & Wesson, Walther are some of the major industry contenders.