Guns and Accessories Market Size, Share & Industry Analysis, By Type (Guns (Handgun, Shotgun, Rifles, and Machine Gun) and Accessories (Barrels, Grips, Magazines, Kits and Parts, Optics, Lasers, Lights, and Others)), By Application (Defense, Law Enforcement, Civil (Hunting, Sports Shooting, Self-Defense, and Others)), and Regional Forecast, 2025-2032

The global guns and accessories market size was valued at USD 7.12 billion in 2024. It is projected to grow from USD 7.39 billion in 2025 to USD 10.15 billion by 2032, exhibiting a CAGR of 4.6% during the forecast period. North America dominated the guns and accessories market with a market share of 34.27% in 2024.

A firearm is any portable barreled weapon that is designed to expel a shot, projectile, or bullet by the action of an explosive. Different types of firearms include rifles, handguns, shotguns, machine guns, and submachine guns. These weapons are used for several applications, including defense, law enforcement, hunting, sports shooting, and self-defense. Each firearm includes different accessories such as barrels, slides or cylinders, kits and parts, magazines, grips, and others. Increasing warfare activities, geopolitical tensions, cross-border conflicts, and rising demand for guns for civilian applications will directly impact the growth of the guns and accessories industry.

According to Fortune Business Insight analysis, several companies in the gun market have slowed down their production due to the limited demand for weapons across the globe. The U.S. contributed nearly 60% of the gun market.

The COVID-19 pandemic led to a surge in gun sales across the U.S. due to fear of personal security and regulations imposed by the government. According to the Federal Bureau of Investigation (FBI), the National Instant Criminal Background Check System (NICS) conducted more than 14 million background checks between March and June, the highest number in the last 22 years. The Brookings Institution in the U.S. estimates that 3 million more firearms were sold during the pandemic than would have been normally sold under normal conditions.

Key players such as AMERICAN OUTDOOR BRANDS INC., Fabbrica d'Armi Pietro Beretta S.p.A., FN HERSTAL, and others are focused on research and development to improve guns and accessories technologies and actively innovating solutions to address these challenges, enhance system efficiency, and expand their global presence.

GLOBAL GUNS AND ACCESSORIES MARKET SNAPSHOT & HIGHLIGHTS

Market Size & Forecast:

• 2024 Market Size: USD 7.12 billion
• 2025 Market Size: USD 7.39 billion
• 2032 Forecast Market Size: USD 10.15 billion
• CAGR: 4.6% from 2025–2032

Market Share:

• North America dominated the guns and accessories market with a 34.27% share in 2024, led by high U.S. defense expenditure and strong civil demand.
• By type, the guns segment led the market in 2024, with handguns and rifles witnessing high demand for civilian uses like self-defense and hunting.
• By application, the defense segment held the largest share in 2024 due to rising border security needs and military modernization initiatives globally.

Key Country Highlights:

• United States: Accounted for over 30% of global gun market; demand driven by defense contracts, civil ownership, and presence of key players like General Dynamics and Ruger.
• India: Market growth driven by increasing defense budgets, border tensions, and local production under Make in India.
• China: Strong military expansion and internal security spending support long-term market growth.
• Germany: Prominent manufacturer and exporter of firearms; demand supported by NATO obligations and innovation in small arms technology.
• Russia: Export capability hampered by sanctions; domestic focus limiting international market share post-Ukraine conflict.
• Ukraine: Rising arms procurement, often supported by U.S. and NATO allies, driving short-term regional demand.

Market Dynamics

Market Drivers

Increasing Defense Budgets Boosts the Adoption of Guns and Accessories

Defense forces and law enforcement agencies primarily use guns in wartime and to combat terrorist activities. Growing terrorist activities, cross-border conflicts, and political unrest have contributed to the increasing demand for guns and accessories in several countries. Furthermore, increasing defense expenditures, procurement of advanced firearms, and military modernization programs in several countries will boost the guns and accessories market growth.

Increasing defense contracts, military strengthening programs, and expansion of the manufacturing sector, especially in Asia Pacific countries, will augment the market growth. The U.S., for example, is the highest defense spender, accounting for more than 60% of military spending worldwide. For instance, in October 2024, the U.S. Army awarded U.S. Ordnance a contract worth USD 14.96 million to supply 7.62X51mm M60E6 and M60E4 machine guns and kits to convert older M60s into these configuration and ancillary items and training.

Rising Demand for Guns for Civilian Applications to Boost Market Growth

Growing demand for guns and accessories for hunting, sports shooting, and self-defense applications is bolstering market expansion. Additionally, an increasing number of shooting ranges, shooting sports programs, and personal security concerns propel market growth. Organizations such as the USA Shooting, 4-H Shooting Sports, and Civilian Marksmanship Programs are training young aspirants for global events such as the Olympics, the World Shooting Championships, and other international competitions.

Rising mass shooting instances, especially in the U.S., have resulted in increasing gun purchases from civilians for personal safety. In 2019, 417 mass shooting incidents occurred in the U.S., which created fear psychosis among citizens. Thus, the increasing demand for handguns for personal use and hunting is fueling market growth.

Market Restraints

Stringent Government Regulations on Gun Ownership to Hinder Market Growth

Countries have been imposing stringent rules and regulations on gun ownership that are hampering the growth of the market. For example, California enacted a ban on assault-style weapons and high-capacity magazines due to the increasing number of mass shooting incidents. The state imposed another important law that prohibits firearm dealers from selling guns to buyers under the age of 21 and implementing strict controls on online ammunition sales. In India, new regulations require prospective gun owners to show firearm training and secure their weapons in designated holders and gun lockers at home.

Market Opportunities

Rising Technological Advancements to Boost Market Growth

The market is driven by diverse applications such as self-defense, recreational shooting, sporting activities, e-commerce expansion, and increased urbanization. Various applications require specialized guns and accessories, for instance, pistols/handguns for personal defense, shotguns for hunting and riot control, and rifles for hunting and stationary targets. These different needs create opportunities for customized solutions, fueling market expansion.

Furthermore, technological advancements are reshaping the industry. Smart guns equipped with biometric security features enhance safety, while AI-powered autonomous aiming systems improve accuracy and target identification.

Moreover, 3D printing technology is further propelling market growth. New polymers and composites are used to make guns lighter, durable, and resistant to high temperatures. They can also limit recoil and make fingerprints unrecoverable. For instance, in October 2022, The UK’s Ministry of Defence (MoD) launched Project Tampa, a long-term initiative to integrate 3D-printed metal parts into the defense industry over the next seven years.

Guns and Accessories Market Trends

Growing Usage of Carbon Fiber is a Key Market Trend

The use of carbon fibers in gun manufacturing enhances firearm performance by reducing weight, improved durability, and proper heat dissipation. Leading gun manufacturer Browning offers an attractive range of fiber-fusion stock and hybrid rifles featuring both carbon fiber barrels and stocks. Furthermore, OEMs are focusing on advanced surface coatings to extend gun lifespan and protect it from corrosion. Similarly, the U.S.-based Benelli recently introduced a new Benelli Surface Treatment (BE.S.T.), a coating that protects firearms from oxidation for several months.North America witnessed guns and accessories market growth from USD 2.29 Billion in 2023 to USD 2.44 Billion in 2024.

Additionally, the rise of hybrid rifles is an emerging trend in bolt action rifles, providing features such as adjustable combs, top rails, adjustable LOP, muzzle devices, and more. SIG SAUER’s new CROSS rifle, for instance, provides AR-style safety, fully adjustable stock, and reduced weight. New hunting cartridges gaining popularity include .28 Nosler, 6.5PRC, .300, and .350 Legend.

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Impact of Russia-Ukraine War

The increasing geopolitical tension and ongoing conflicts between Russia and Ukraine have substantially increased the demand for gun supply. For instance, in January 2025, the U.S. Security Corporation reported that, to date, the U.S. has provided around USD 65.9 billion in military assistance to Ukraine, including an additional USD 69.2 billion in military aid. This support includes the U.S.'s' approval of third-party transfers from 14 NATO Allies and close partners, allowing them to provide U.S.-origin equipment from their inventories for use by Ukrainian forces. Deliveries to date include nearly 12,00 anti-armor systems of various types, more than 1,550 anti-air missiles, radars, machine guns, rifles and ammunition, and other military equipment.

Russian Arms Exports:

The conflicts between Russia and Ukraine have strained Russia’s defense production capabilities, which in turn affect its ability to export arms due to sanctions and battlefield attrition. As Russia focuses on replenishing its own military inventory, other suppliers, mainly China, have expanded their share of the global arms market.

Additionally, according to the SIPRI Arms Transfers Database, Russia’s exports fell by 53% between 2019-2023 compared to the period from 2014-2018.

Arms Trafficking:

There are growing indications of organized arms trafficking in Ukraine, potentially marking a shift from previous trends. For instance, in September 2024, the Global Initiative against Transnational Organized Crime reported that Seizures of heavier weapons, such as anti-aircraft guns and advanced U.S.-made rifles, from active military personnel suggest a growing illicit arms trade. 

Other Factors:

The COVID-19 pandemic slowed down production in the gun market due to limited demand, but concerns about personal security and regulations led to a surge in gun sales in the U.S.

Moreover, Defense equipment suppliers have prioritized supplying their own armed forces and allies, resulting in supply delays.

SEGMENTATION ANALYSIS

By Type

Guns Segment Led Due to Rising Demand for Handguns and Rifles for Civil Applications

By type, the market is segmented into guns and accessories. The gun segment, which dominated in 2024, is anticipated to show the fastest growth, with the highest CAGR during the forecast period. The segment is further sub-divided into handguns, shotguns, rifles, and machine guns. The accessories segment is further classified into barrels, kits and parts, magazines, optics, lasers, lights, grips, and others. The rising demand for handguns and rifles for civil applications such as hunting and self-defense is a key driver of gun segment growth.

For instance, in April 2022, the U.S. Army awarded Sig Sauer Inc. a USD 4,500,000,000 fixed-firm-price contract to manufacture and supply the XM5 Next Generation Squad Weapon Rifle.  

For instance, in March 2021, the U.S. Army awarded Barrett Firearms Manufacturing Inc. a five-year contract worth USD 49.9 million to supply the MK22 Multi-Role Adaptive Design (MRAD) rifle, the Army’s new sniper weapon system.

The accessories segment, holding the second-largest market share, is anticipated to witness significant growth during the forecast period as firearm owners frequently replace barrels, magazines, and kits. Additionally, military and defense organizations regularly procure gun accessories for military exercises, surgical strikes, and other military operations, fueling segment growth. Moreover, rising geopolitical tensions and the growing need for more advanced weapons systems and accessories are anticipated to drive segment growth further.

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By Application

Defense Segment Dominated the Market, Supported by the Rising Need for Border Security

By application, the market is segmented into defense, law enforcement, and civil. The civil segment is further divided into hunting, sports shooting, self-defense, and others.

The defense segment accounted for the largest market share in 2024 due to growing defense budgets and increasing expenditures on the procurement of advanced guns and accessories. Military modernization programs and the growing need for reliable and efficient guns and accessories for border security, counter-terrorist support, and other military operations further fuel this growth.

The law enforcement segment holds the second-largest market share, driven by the utilization of guns and accessories by police, courts, and corrections. These law enforcement agencies use guns and accessories to protect the public, property, and life, prevent crime, and maintain order.

The civil segment is anticipated to display a considerable CAGR during the forecast period owing to the increasing number of shooting sports events, shooting ranges, and growing personal security concerns.

Guns and Accessories Market Regional Outlook

The global market is studied across North America, Asia Pacific, Europe, and the Rest of the World.

North America

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North America dominated the guns and accessories market share with a valuation of USD 2.44 billion in 2024. The dominance of this region is driven by the U.S., which accounts for more than 30% of the global gun market due to its massive defense expenditures. Additionally, growing personal security concerns and increasing number of mass shooting instances in the U.S. will drive the growth of the market across North America. Furthermore, the presence of key players such as General Dynamics Corporation, American Outdoor Brands Inc., Sturm, Ruger & Co., Browning, and others is boosting the expansion of the market.

Asia Pacific

The market Asia Pacific is expected to rise at a significant CAGR during the forecast period owing to rising defense spending in emerging economies such as China and India. The intensifying border conflicts between India and China, political unrest, and growing terrorism are further anticipated to drive market growth across the region.

Europe

The European market is expected to exhibit a healthy growth rate owing to the increasing military strengthening programs in countries such as France, Germany, Russia, the U.K., and others. Moreover, increasing geopolitical tensions and Russia-Ukraine conflicts further fuel market growth in the region.

Rest of the World

The rest of the world accounted for a significant share due to the growing defense budgets of Middle Eastern countries such as Saudi Arabia, Turkey, Israel, and others. The rising demand for guns and accessories in the Middle East & Africa region is another significant factor driving market growth.

Competitive Landscape

Key Market Players

Key Players to Focus on Developing Next-Generation Firearms with Lightweight Materials

Several key OEMs are designing and developing lightweight, cost-effective guns and accessories incorporated with advanced technology. Key players are focusing on developing technologically advanced guns with lightweight materials, higher accuracy, and reliability. Moreover, OEMs are expanding their businesses through mergers & acquisitions, partnerships, and contracts. For example, at the 2020 SHOT SHOW Exhibition, Laugo Arms launched new pistols under the Laugo Alien Pistol brand. Other key product launches include SCCY DVG- 1RD, NEMO Monarch MK-9, Walther Q4 SF, HK VP9 update, Glock 44 .22 LR, and others.

LIST OF KEY GUN AND ACCESSORY COMPANIES PROFILED

• AMERICAN OUTDOOR BRANDS INC. (U.S.)
• Fabbrica d'Armi Pietro Beretta S.p.A. (Italy)
• FN HERSTAL (Belgium)
• General Dynamics Corporation (U.S.)
• Heckler & Koch GmbH (Germany)
• Lockheed Martin Corporation (U.S.)
• Northrop Grumman Corporation (U.S.)
• REMINGTON OUTDOOR COMPANY (U.S.)
• Savage (U.S.)
• Sturm, Ruger & Co., Inc. (U.S.)
• TAURUS INTERNATIONAL MANUFACTURING, INC. (U.S.)

KEY INDUSTRY DEVELOPMENTS

• February 2024- India awarded Sig Sauer a contract worth USD 91.6 million to supply 72,400 SiG 716 assault rifles to replace the Indigenous INSAS rifle. This procurement is being done under the Fast Track Procedure under the Buy (Global) category of the Defense Procurement Process.
• December 2022- The Spanish Navy signed a contract with the German company Heckler & Koch worth USD 1.7 million budget to purchase HK416 A5 and HK417 20 assault rifles and GLM A1 grenade launchers for the naval forces.
• April 2022- The U.S. awarded Affigent LLC contract worth USD 15,842,569 for an unlimited subscription agreement for Oracle Java Standard Edition Software maintenance and support.
• September 2020 – The U.S. Department of Defense (DoD) signed a contract worth USD 42 million with Colt Manufacturing to produce M4 and M4A1 carbines. The produced carbines will be supplied to 13 countries.
• April 2020 – The Polish Government signed a contract worth USD 44.65 million with FB “Łucznik” Radom to procure 18,000 MSBS-5.56 rifles. Currently, the Polish Army is equipped with around 80,000 wz. 96 Beryl rifles and wz. 96 ‘Mini Beryl’ carbines.

REPORT COVERAGE

The guns and accessories market research report provides a detailed analysis of the market and focuses on key aspects such as leading companies, types, and leading applications of the market. Besides this, the report offers insights into the market trends and highlights key industry developments. Moreover, the report encompasses various key factors that have contributed to the growth of the market over recent years.

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Report Scope & Segmentation