Key Market Players
The small arms market is dominated by a few globally established players such as Colt’s Manufacturing LLC (US), GLOCK Ges.m.b.H. (Austria), Smith & Wesson (US), Sturm, Ruger & Co., Inc. (US), Israel Weapons Industry (IWI) (US), Heckler & Koch Gmbh (Germany), Kalashnikov Group (Russia), and Èeská Zbrojovka a.s. (Czech Republic).
The small arms market size is expected to grow at a CAGR of 2.1% from 2020 to 2025. Factors such as the changing nature of warfare, the militarization of police forces, the increasing incidence of drug trafficking and terrorist activities, and the modernization of armed forces are driving factors assisting the growth of the small arms market.
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Smith & Wesson (US) has locations in Maine, Connecticut, and Missouri. The company’s product offerings include pistols, rifles, and revolvers. In recent years, it has shifted its focus to the production of polymer pistols. Its family of brands includes Smith & Wesson, M&P, and Thompson/Center Arms. The M&P brand offers firearms especially designed for military and police forces. These firearms are manufactured in compliance with ISO 9001 quality-tested procedures. Select Smith & Wesson law enforcement pistols meet the strict US National Institute of Justice (NIJ) standard of delivering the highest quality products. The company has a presence in North America, Europe, and the Middle East.
Sturm, Ruger & Co., Inc. is a US-based company involved in the design, manufacturing, and sales of firearms to US customers. The company operates through two business segments, namely, Firearms and Castings. The company’s Firearms division offers products such as rifles, pistols, revolvers, and accessories. The Firearms segment accounted for approximately 99% of the total sales generated by the company in 2019. 5% of the total sales of the Firearms business segment is generated through exports. The company has its manufacturing facilities in Newport, Prescott, Mayodan, and Earth City in the US. It also operates five other facilities in Southport, Connecticut; Newport, New Hampshire; Enfield, Connecticut; Rochester, New Hampshire; and Fairport, New York. These facilities are involved in principal production, research, development, engineering, design, and shipping operations. The company’s products are offered in the US market through independent wholesale distributors.
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