Military Rifle Market- Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Norinco, Smith & Wesson, Sturm, Ruger & Co., Colt’s Manufacturing

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Military Rifle Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 2.9% during the review period (2022 to 2027).

Military Rifle Market Overview

Over the past five years, there has been an increase in military spending by important nations. Increased public wealth, territory, and citizen safety concerns, along with better economic conditions, have caused this rise. In 2019, the US spent about US$ 684.6 billion on military and defence operations, or roughly 3.2% of the GDP of the nation. Since the previous five years, the nation's military budget has increased by almost 18%. Countries are acquiring and producing cutting-edge weapons to strengthen the capabilities of their armed forces.

Although assault rifles were initially created for military conflict, they may also be used for fire at large distances, from 300 to 1000 metres. The assault rifle is the weapon of choice of the biggest and most technologically equipped armies in the world due to its accuracy under cyclic fire and high fire, such as 600 rounds per minute.

For its internal security forces, such as the police and army units that operate in populated areas, countries choose to purchase assault rifles. Countries are spending a lot of money to expand the number of assault guns in their arsenal.

Who are the Major Players in Military Rifle Market?

The global Military Rifle includes Norinco, Smith & Wesson, Sturm, Ruger & Co., Colt’s Manufacturing, Remington Outdoor, Olin Corporation, Ordnance Factory Board (OFB), General Dynamics, FN Herstal, O.F. Mossberg & Sons, Taurus USA, SSS Defence, GLOCK, Inc., SIG SAUER, Beretta

Recent Developments:

NORINCO showcases Chinese army new rifles and machine guns at Zhuhai airshow



01 OCTOBER 2021 The new weapons are designed and manufactured by the China North Industries Group Corporation Limited (NORINCO). The designer of the weapons said on September 30 that these rifles have already received a great deal of positive feedback from the PLA soldiers and officers who have been armed with these new weapons, Yang Sheng reports.

Smith & Wesson® Launches New M&P®10mm M2.0™

SPRINGFIELD, Mass., (November 16, 2021) – Smith & Wesson Brands, Inc. (NASDAQ Global Select:, SWBI), a leader in firearm manufacturing and design, today unveiled the latest expansion in its M&P M2.0 line, of handguns. The new standard 10mm comes with enhanced features like an optics cut slide with the, C.O.R.E.™ system that enables users to mount a variety of popular optics. This handgun is designed to carry, an impressive 15 + 1 capacity, ships with two magazines, and, reflecting the needs of the consumer, features, Smith & Wesson’s brand new M2.0 flat face trigger design, which is designed to optimize trigger finger, placement to allow for more consistent and accurate shooting.

What are the major Applications, Types and Regions for Military Rifle Market?

Military Rifle Market is segmented based on the type, applications, companies and regions.

By Product Type, it is segmented into

• Semi-Auto Rifle


• Auto Rifle

By Application it is segmented into

• Civil


• Military


• Law Enforcement

Military Rifle Market Regional Analysis

The seven major regions that make up the world market for military rifles are North America, Europe, East Asia, South Asia, Latin America, the Middle East and Africa, and Oceania. In the market for military rifles, North America is predicted to continue to hold the top spot. Additionally, East Asia and South Asia are notable regions that will experience significant growth from 2020 to 2027. The existence of emerging economies in these areas is one of the main drivers of this expansion. Thus, the growing demand from developing nations such as China and India is promoting the expansion of the military rifle industry.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Military Rifle Market report scope?

Key Takeaways from this Military Rifle Report

• Evaluate Military Rifle market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Military Rifle market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.


• It further investigates the specifics that are positively impacting the profit graph of this business sphere.


• The study also elaborates the critical factors which will augment the commercial terrain of the Military Rifle market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions

What is the study period of this market?

The Military Rifle Market is studied from 2017 - 2027.

What is the growth rate of Military Rifle Market?

The Military Rifle Market is growing at a CAGR of 2.9%   over the next 5 years.

Who are the leading key players in Military Rifle Market?

Norinco, Smith & Wesson, Sturm, Ruger & Co., Colt’s Manufacturing, Remington Outdoor, Olin Corporation, Ordnance Factory Board (OFB), General Dynamics, FN Herstal, O.F. Mossberg & Sons, Taurus USA, SSS Defence, GLOCK, Inc., SIG SAUER, Beretta

What regions does this Military Rifle Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Military Rifle Market?

Semi-Auto Rifle, Auto Rifle

What are the significant Applications of Military Rifle Market?

Civil, Military, Law Enforcement