Firearms Market By Product Type (Handguns, Rifles, Shotguns, Machine Guns, Accessories), By End-User (Military, Law Enforcement, Civilian, Sports and Hunting), By Ammunition Type (Centerfire Ammunition, Rimfire Ammunition, Shotgun Shells), By Sales Channel (Online Sales, Retail Stores, Distributors, Direct Sales), and By Region; Global Insights & Forecast (2023 – 2030)

As per Intent Market Research, the Firearms Market was valued at USD 37.0 Billion in 2024-e and will surpass USD 69.9 Billion by 2030; growing at a CAGR of 9.5% during 2025-2030.

The firearms market is a dynamic and highly competitive industry that serves a wide range of applications, from personal defense to law enforcement and military use. The market is characterized by the production and distribution of various types of firearms, ammunition, and accessories, which are sold through diverse channels. In recent years, the firearms market has experienced significant growth, driven by increasing demand across several sectors, including civilian, law enforcement, and military, along with rising interest in recreational shooting and hunting activities. Technological innovations, stricter regulations, and changing consumer preferences are also shaping the trajectory of the market.

The firearms industry is evolving rapidly with the rise of advanced weaponry, smart guns, and enhanced ammunition technologies, further contributing to the market’s growth. Furthermore, geopolitical tensions, increasing defense spending, and evolving societal attitudes towards self-defense are all key drivers of demand. With these factors, the firearms market is poised for further growth, particularly in certain regions that are seeing a surge in firearm ownership and defense modernization.

Product Type Segment is Largest Owing to Handguns Dominance

Within the product type segment of the firearms market, handguns are the largest subsegment, driven by their popularity in personal defense and law enforcement. Handguns are preferred for their compact size, ease of use, and effectiveness, making them the weapon of choice for civilians seeking personal protection, as well as police forces and security agencies. The versatility of handguns, which can be easily carried and concealed, has made them a preferred option for self-defense purposes, further increasing their market share.

In addition to civilian use, handguns are a key part of law enforcement agencies' armaments. Police forces and private security firms rely on handguns for everyday operations due to their practicality and rapid deployment. The expanding consumer base for handguns, especially in regions with permissive gun ownership laws, and advancements in handgun technologies are expected to further solidify handguns’ position as the dominant product in the firearms market. The introduction of enhanced safety features and ergonomic designs has further bolstered the growth of handguns in the market.

End-User Segment is Fastest Growing with Civilian Demand Surge

The civilian end-user segment is experiencing the fastest growth within the firearms market, primarily driven by increasing interest in personal safety and recreational shooting activities. As self-defense concerns grow, many civilians are opting to purchase firearms, particularly handguns and rifles, for protection. This rise in civilian firearm ownership is evident in countries where laws allow for private gun ownership, with consumers seeking firearms for both defense and sport.

In addition to self-defense, there is a growing trend of recreational shooting sports, such as target shooting and competitive shooting, which is also contributing to the surge in civilian demand. The increasing popularity of hunting and outdoor activities, along with greater social acceptance of firearms for personal protection, continues to drive growth in the civilian segment. As a result, this subsegment is poised to outpace others in terms of growth, with expanding markets in both established and emerging regions.

Ammunition Type Segment is Largest with Centerfire Ammunition

In the ammunition type segment, centerfire ammunition is the largest subsegment due to its widespread use in handguns, rifles, and machine guns. Centerfire ammunition is favored for its reliability, power, and performance, particularly in military and law enforcement applications. The larger caliber and higher velocity of centerfire ammunition make it suitable for a wide range of firearms, from handguns to high-powered rifles, further contributing to its dominance in the market.

Centerfire ammunition’s versatility and effectiveness have made it the preferred choice for both military and civilian users. The market for centerfire ammunition is further bolstered by technological advancements that have enhanced its performance, such as more efficient primers and better propellant compositions. Additionally, the increasing demand for centerfire ammunition in shooting sports and self-defense contributes to its market share and position as the leading ammunition type in the industry.

Sales Channel Segment is Largest with Retail Stores

The retail stores segment is the largest sales channel in the firearms market, as it remains the most traditional and accessible method for purchasing firearms and ammunition. Retail stores, particularly those specializing in firearms, offer customers the advantage of directly handling and testing products before making a purchase. This personal interaction allows customers to better understand the specifications, feel, and functionality of firearms, which is important when purchasing a weapon.

Despite the rise of online sales in various industries, retail stores continue to dominate due to the regulatory requirements for firearms transactions, including background checks and waiting periods that are often required for in-person purchases. Additionally, the ability to provide expert guidance and after-sales support contributes to the ongoing strength of retail stores as a preferred sales channel. As regulations around firearm sales continue to evolve, retail stores remain integral to the purchasing process, particularly in regions with strict gun control laws.

North America is Largest Region in Firearms Market

North America is the largest region in the global firearms market, driven primarily by the United States, which has the highest number of firearms in civilian hands globally. The U.S. market is characterized by a strong demand for handguns, rifles, and shotguns, both for personal defense and recreational use. The country’s permissive gun laws, along with a robust military and law enforcement sector, create a highly favorable environment for the firearms market.

In addition to civilian demand, the U.S. military and law enforcement agencies contribute significantly to the region's market share. The rise in gun ownership, coupled with the ongoing popularity of shooting sports and hunting, ensures continued growth in the region. North America's large firearms manufacturing base, coupled with strong domestic demand and high export levels, positions it as the dominant region in the global firearms market. The region’s competitive landscape is also influenced by major players who are headquartered in the U.S., further cementing its leadership in the market.

Competitive Landscape and Leading Companies

The firearms market is highly competitive, with a mix of well-established companies and emerging players competing across various product types and regions. Leading companies in the market include Sturm, Ruger & Co., Smith & Wesson, Glock, and Sig Sauer, which dominate the production of handguns, rifles, and shotguns. These companies have strong brand recognition and extensive distribution networks, allowing them to maintain significant market shares in North America and other key regions.

The competitive landscape is also shaped by ongoing product innovations, including advancements in firearm safety, precision, and performance. Additionally, mergers, acquisitions, and strategic partnerships are common as companies seek to expand their portfolios, enhance manufacturing capabilities, and reach new markets. As demand for firearms continues to grow, especially in civilian and recreational sectors, companies are increasingly focusing on offering diverse products, improving customer service, and complying with regulatory requirements to maintain a competitive edge.

List of Leading Companies:

• Sturm, Ruger & Co., Inc.
• Smith & Wesson Brands, Inc.
• Glock Ges.m.b.H.
• Sig Sauer, Inc.
• Beretta Holding S.p.A.
• Heckler & Koch GmbH
• Remington Outdoor Company, Inc.
• FN Herstal
• Colt’s Manufacturing Company LLC
• Winchester Repeating Arms Company
• Taurus International Manufacturing, Inc.
• Springfield Armory
• Walther Arms, Inc.
• Mossberg & Sons, Inc.
• Bersa S.A.

Recent Developments:

• Smith & Wesson launched a new line of concealed carry handguns, featuring enhanced ergonomics and improved safety features designed for everyday carry.
• Sturm, Ruger & Co. announced an acquisition of a key ammunition manufacturer to expand its product offering and improve supply chain reliability.
• Glock introduced its latest polymer-framed handgun, incorporating advanced safety mechanisms and customizability for law enforcement and civilian users.
• Sig Sauer received a government contract to supply the U.S. military with the next generation of modular rifles, set to replace the M4 in active service.
• Beretta revealed plans to invest in a new manufacturing facility in Italy, expanding its production capacity to meet the rising global demand for hunting and sport firearms.

Report Scope: