Service Handgun Market 2020=2025

Posted February 9, 2021 by sandycool

Service Handgun Market by type (Revolvers and Pistol), In Material (Steel, Aluminum and Polymer)
Product Description:

A service handgun is a gun or firearm that is given to a soldier or law enforcement officer. In general, service guns are semi-automatic revolvers or pistols issued to public officials, police officers, but service guns can also be issued to Special Forces as a backup of the primary weapon. Handguns are generally not granted to first-line infantry.

Market Overview

The global Service Handgun Market was worth US$ xx million in 2020, and it is estimated to reach a valuation of US$ xx million by the end of 2025, growing at an annual compound rate of xx% between 2020 and 2025.

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Recent Developments and Trends

January 2017: The US Army has announced that he would replace the service gun after 35 years, and the standard issued the Beretta M9 as the last P320 gun developed by Sauer and Shon. The army mentioned that it would buy 280,000 guns and up to 500,000 pistols.

November 2017: The US Army has announced that soldiers with the 101st Airborne Division would be the first to receive the new Army gun, the M17 modular gun system. The 101st Airborne Division received around 2000 M17 and M18 pistols, which replaced the 10-year-old Beretta M9 that the army used previously.

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Market Drivers

The Service Handgun Market is a rapidly evolving market with high demand worldwide. As defense budgets increase in developing and emerging economies, the service gun market is expected to replace old guns within law enforcement and military forces. It will multiply in developing nations in the coming years to overcome the slowdown in the United States, which has reached saturation. The main drivers of the service handgun market will be India, China and the Middle East in the future. Service guns are guns issued to defense and law enforcement personnel, which can be revolvers or pistols with a mouth speed of 370-380 m/s, in most cases up to 50 meters. But for revolvers, the maximum firing range extends to 250 meters. Many countries, especially developing countries, use guns such as Vietnam's Makarov guns in the 1960s. Therefore, the opportunities for many countries to replace or modernize lateral weapons are enormous, and manufacturers are encouraged to take advantage of this.

Market Segmentation

The Service Handgun Market is classified by type, material and safety.

By type, the Service Handgun Market is divided into revolvers and pistol.

By material, the Service Handgun Market is divided into steel, aluminum and polymer. The polymer-based handguns are likely to register the highest CAGR in the forecast period due to their less weight, easy usage and portability.

Based on safety, the Service Handgun Market is divided into grip, drop and manual.

Regional Analysis

North America service handguns market was the largest shareholder, with revenues of $ 618 million in 2018. The relationship between weapons and people has become more sophisticated, increasing the total number of users in the United States. A recent survey found that 3% of adults own half of the gross total produced in the United States. According to an undisclosed study by Harvard, total stocks have increased by 70 million since 1994, converting the US citizens as one of the most armed civilians in the world. Public disagreements about gun ownership laws have resulted in many accidental deaths, as well as mass shootings.

According to the Office of Alcohol, Tobacco, Firearms and Explosives, there were a total of 11 million in 2013, which increases the total ownership of people. The Middle East and Africa service handgun market is one of the fastest-growing businesses with an expected average annual growth of 8.2% from 2019 to 2025. The everyday use of guns is overgrowing in South Africa, Saudi Arabia and the UAE.

Top Leading Company

Remington Arms Company LLC, a company based in the United States, is one of the main hosts of guns for renting fields, BB weapons and protective equipment. Glock was one of the first firearms based on polymers, and now the space is quite ample. Most guns are handles, and this quality is very attractive to military and law enforcement personnel when ordering. The most successful are the universal guns, more adaptable, and the most successful in the future.

Key Players

Key players in the Service handgun market are Swiss Arms AG, Remington Arms Company LLC, Baretta, CZUB, FN Herstal, Colt Group SA, Glock Inc, KADDB, Smith and Wesson, Sturm, Ruger & Co., Inc., and Israel Weapons Industry.
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Last Updated February 9, 2021