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Kenneth Research has evaluated the current market opportunities in Small Arms and Light Weapons (SALW) Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Small Arms and Light Weapons (SALW) Market products.
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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Small Arms and Light Weapons (SALW) Market is estimated to reach $25.6 billion by 2024; growing at a CAGR of 3.9% from 2016 to 2024. Small Arms and Light Weapons (SALW) comprise two classes of weapons that consist of small arms and light weapons. Small arms are made solely for discrete use, whereas light weapons are arms to be used by a crew. Various factors such as rising issues on human rights and safety & security, growing consequences of urban warfare, and growing terrorism incidents across the globe are expected to boost the growth of the global small arms and light weapons (SALW) market. The advancement of light-weight weapons for further improvement of defense system is the recent trend in the developed nations.
Major factors driving the global small arms and light weapons (SALW) market are militarization of police force, change in warfare style, and increasing use of small weapons for self-defence strategies. However, import export of small arms and illegal trading may hamper the market growth. Furthermore, rising economies would unfold with numerous growth opportunities in the forecasted year.
Major segments of the global small arms and light weapons (SALW) market are type, application, and geography. The type segment comprises small arms and light weapons. Further, Small arms comprise rifles, pistols, handguns, man-portable machine guns, shotguns, and other small arms. While light weapons comprise mortars, landmines, grenade launchers, rocket launchers, rocket propelled grenades (RPGs), anti aircraft weapons, anti tank weapons, and other light weapons. Application comprises law enforcement, military, and other applications.
Geographically, the global small arms and light weapons (SALW) market is categorized into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Russia, and Rest of Europe. Asia-Pacific is segmented into China, India, South Korea, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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The major players competing in the market are Sturm, Ruger & Company, Inc., General Dynamics Corporation, SIG SAUER GmbH & Co., Glock Ges. m.b.H., Browning Arms Company, Beretta S.p.A., Lockheed Martin Corporation, FN Herstal S.A., Heckler & Koch GmbH, and Colt's Manufacturing Company LLC, among others.
The key takeaways from the report
The report will provide detailed analysis of Small Arms and Light Weapons (SALW) Market with respect to major segments such as type, and application
The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Small Arms and Light Weapons Market has been included in the report
Profile of the key players in the Small Arms and Light Weapons Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Small Arms and Light Weapons (SALW) Market
Type Segments
Small Arms
Rifles
Pistols
Handguns
Man-portable Machine Guns
Shotguns
Other Small Arms
Light Weapons
Mortars
Landmines
Grenade Launchers
Rocket Launchers
Rocket Propelled Grenades( RPGs)
Anti Aircraft Weapons
Anti Tank Weapons
Other Light Weapons
Application Segments
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Law Enforcement
Military
Other Applications
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
South Korea
Japan
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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