As of 2023, the import of revolvers and pistols to Canada stood at 38.0 million USD. Forecast data suggests a steady increase from 2024 to 2028, with values reaching 44.15 million USD by the end of this period. The year-on-year growth rate is approximately 3% to 4%, and the projected CAGR over the five years is about 3.6%. This steady increase indicates a consistent demand for these firearms.
Future trends to watch include policy changes affecting firearms importation and shifts in consumer preference toward alternative defense products. Additionally, economic factors and international trade agreements could influence these forecasts.
