Product Code: GVR-4-68040-477-3
Rifles Market Size & Trends:
The global rifles market size was estimated at USD 5.44 billion in 2023 and is projected to grow at a CAGR of 4.6% from 2024 to 2030. This growth is attributed to the increasing defense expenditures globally, particularly in countries like the U.S., China, and India, which is driving the demand for advanced rifles for military personnel. Furthermore, modernization efforts and the acquisition of new firearms for national security contribute significantly to market growth. In addition, innovations in rifle design, such as lighter materials, enhanced accuracy, and integration with advanced optics and electronics, are creating new demand. Smart rifles, which feature improved targeting systems and digital enhancements, are gaining popularity, thereby contributing to overall market growth.
Civilian demand for rifles, driven by recreational shooting, hunting, and personal defense, is a key market driver, particularly in regions with relaxed gun ownership laws like the U.S., Canada, and parts of Europe. In addition to this, increasing interest in competitive shooting sports globally is boosting rifle sales. Events like target shooting and skeet shooting, along with the rise of shooting sports leagues, are creating consistent demand for specialized rifles.
Rising geopolitical tensions and cross-border conflicts in regions like the Middle East, Eastern Europe, and the Asia Pacific are driving countries to arm their military forces with more advanced rifles, leading to increased procurement by governments. Moreover, specialized military units, law enforcement agencies, and security forces require highly customized rifles. Manufacturers can target these niche markets by developing precision rifles, sniper rifles, and tactical weaponry.
Advanced rifles require cutting-edge technology and high-quality materials, which increases manufacturing costs. These higher costs can reduce profit margins or lead to higher prices, limiting the market to premium buyers such as military forces or affluent civilians. Furthermore, trade restrictions and export controls imposed by governments can limit the market's growth potential. For instance, bans on the export of firearms to certain countries can reduce market opportunities for manufacturers.
Strict government regulations on firearms ownership, particularly in countries like Australia, Japan, and several European nations, limit civilian access to rifles and restrict overall market growth. Compliance with varying legal frameworks can also increase production costs for manufacturers. However, there is a significant opportunity for rifle manufacturers to innovate by developing lighter, more ergonomic designs, improving rifle accuracy, and integrating smart technologies. Rifles with modular designs or customizable components offer additional market potential as consumers and military personnel seek tailored solutions.
Global Rifles Market Report Segmentation
This report forecasts revenue growth at regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the global rifles market report based on product type, firing type, and region:
- Product Type Outlook (Revenue, USD Million; 2018 - 2030)
- Assault Rifles
- Light Machine Guns
- Designated Marksman Rifles
- General-Purpose Machine Guns
- Others
- Firing Type Outlook (Revenue, USD Million; 2018 - 2030)
- Non-automatic
- Semi-automatic
- Automatic
- Regional Outlook (Revenue, USD Million; 2018 - 2030)
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Central & South America
- Middle East & Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Rifles Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Rifles Market - Value Chain Analysis
- 3.3. Rifles Market - Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity Analysis
- 3.3.4. Market Challenge Analysis
- 3.4. Regulatory Framework
- 3.5. Rifles Market - Business Environment Analysis
- 3.5.1. PESTLE Analysis
- 3.5.2. Porter's Five Forces Analysis
- 3.6. Market Disruption Analysis
Chapter 4. Rifles Market: Product Type Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Movement Analysis & Market Share, 2023 & 2030
- 4.3. Rifles Market By Product, 2018 - 2030 (USD Million)
- 4.4. Assault Rifles
- 4.4.1. Assault Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 4.5. Light Machine Guns
- 4.5.1. Light Machine Guns Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 4.6. Designated Marksman Rifles
- 4.6.1. Designated Marksman Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 4.7. General-Purpose Machine Guns
- 4.7.1. General-Purpose Machine Guns Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 4.8. Others
- 4.8.1. Rifles Market Estimates & Forecasts, by Other Products, 2018 & 2030 (USD Million)
Chapter 5. Rifles Market: Firing Type Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Firing Type Movement Analysis & Market Share, 2023 & 2030
- 5.3. Rifles Market By Firing Type, 2018 - 2030 (USD Million)
- 5.4. Non-automatic
- 5.4.1. Non-automatic Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.5. Semi-automatic
- 5.5.1. Semi-automatic Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.6. Automatic
- 5.6.1. Automatic Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
Chapter 6. Rifles Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Market Share Analysis, 2023 & 2030
- 6.3. Market Estimates & Forecasts by Region, 2018 - 2030 (USD Million)
- 6.4. North America
- 6.4.1. North America Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.4.2. North America Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.4.3. North America Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.4.4. U.S.
- 6.4.4.1. U.S. Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.4.4.2. U.S. Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.4.4.3. U.S. Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.4.5. Canada
- 6.4.5.1. Canada Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.4.5.2. Canada Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.4.5.3. Canada Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.4.6. Mexico
- 6.4.6.1. Mexico Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.4.6.2. Mexico Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.4.6.3. Mexico Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.5. Europe
- 6.5.1. Europe Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.2. Europe Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.5.3. Europe Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.5.4. Germany
- 6.5.4.1. Germany Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.4.2. Germany Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.5.4.3. Germany Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.5.5. UK
- 6.5.5.1. UK Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.5.2. UK Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.5.5.3. UK Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.5.6. France
- 6.5.6.1. France Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.6.2. France Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.5.6.3. France Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.5.7. Spain
- 6.5.7.1. Spain Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.7.2. Spain Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.5.7.3. Spain Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.5.8. Italy
- 6.5.8.1. Italy Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.8.2. Italy Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.5.8.3. Italy Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.6. Asia Pacific
- 6.6.1. Asia Pacific Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.6.2. Asia Pacific Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.6.3. Asia Pacific Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.6.4. China
- 6.6.4.1. China Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.6.4.2. China Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.6.4.3. China Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.6.5. India
- 6.6.5.1. India Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.6.5.2. India Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.6.5.3. India Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.6.6. Japan
- 6.6.6.1. Japan Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.6.6.2. Japan Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.6.6.3. Japan Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.6.7. South Korea
- 6.6.7.1. South Korea Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.6.7.2. South Korea Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.6.7.3. South Korea Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.7. Central & South America
- 6.7.1. Central & South America Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.7.2. Central & South America Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.7.3. Central & South America Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.7.4. Brazil
- 6.7.4.1. Brazil Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.7.4.2. Brazil Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.7.4.3. Brazil Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.7.5. Argentina
- 6.7.5.1. Argentina Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.7.5.2. Argentina Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.7.5.3. Argentina Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
- 6.8. Middle East & Africa
- 6.8.1. Middle East & Africa Rifles Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.8.2. Middle East & Africa Rifles Market Estimates & Forecasts, by Product Type, 2018 & 2030 (USD Million)
- 6.8.3. Middle East & Africa Rifles Market Estimates & Forecasts, by Firing Type, 2018 & 2030 (USD Million)
Chapter 7. Supplier Intelligence
- 7.1. Kraljic Matrix
- 7.2. Engagement Model
- 7.3. Negotiation Strategies
- 7.4. Sourcing Best Practices
- 7.5. Vendor Selection Criteria
- 7.6. List of Raw Material Suppliers
Chapter 8. Competitive Analysis
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Heat Map Analysis
- 8.5. Company Listings
- 8.5.1. Sig Sauer
- 8.5.1.1. Company Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.1.4. Strategic Initiatives
- 8.5.2. FN Herstal
- 8.5.2.1. Company Overview
- 8.5.2.2. Financial Performance
- 8.5.2.3. Product Benchmarking
- 8.5.2.4. Strategic Initiatives
- 8.5.3. Smith & Wesson
- 8.5.3.1. Company Overview
- 8.5.3.2. Financial Performance
- 8.5.3.3. Product Benchmarking
- 8.5.3.4. Strategic Initiatives
- 8.5.4. Heckler and Koch
- 8.5.4.1. Company Overview
- 8.5.4.2. Financial Performance
- 8.5.4.3. Product Benchmarking
- 8.5.4.4. Strategic Initiatives
- 8.5.5. Sturm, Ruger & Co., Inc.
- 8.5.5.1. Company Overview
- 8.5.5.2. Financial Performance
- 8.5.5.3. Product Benchmarking
- 8.5.5.4. Strategic Initiatives
- 8.5.6. Browning International S.A.
- 8.5.6.1. Company Overview
- 8.5.6.2. Financial Performance
- 8.5.6.3. Product Benchmarking
- 8.5.6.4. Strategic Initiatives
- 8.5.7. O. F. Mossberg & Sons, Inc.
- 8.5.7.1. Company Overview
- 8.5.7.2. Financial Performance
- 8.5.7.3. Product Benchmarking
- 8.5.7.4. Strategic Initiatives
- 8.5.8. CheyTac USA
- 8.5.8.1. Company Overview
- 8.5.8.2. Financial Performance
- 8.5.8.3. Product Benchmarking
- 8.5.8.4. Strategic Initiatives
- 8.5.9. Barrett
- 8.5.9.1. Company Overview
- 8.5.9.2. Financial Performance
- 8.5.9.3. Product Benchmarking
- 8.5.9.4. Strategic Initiatives
- 8.5.10. Springfield, Inc.
- 8.5.10.1. Company Overview
- 8.5.10.2. Financial Performance
- 8.5.10.3. Product Benchmarking
- 8.5.10.4. Strategic Initiatives