The forecast for small arms sales in the US from 2024 to 2028 shows a steady upward trend, with the market expected to reach $8.1046 billion by 2028. Comparatively, in 2023, the market stood at an estimated $7.0 billion, indicating a healthy growth trajectory.
The year-on-year growth from 2024 to 2025 is projected at 3.19%, followed by 3.02% from 2025 to 2026, 2.88% from 2026 to 2027, and 2.74% from 2027 to 2028. Over this period, a compound annual growth rate (CAGR) of approximately 3% can be anticipated, showcasing a consistent increase in sales value.
Future trends to watch include:
- Potential impacts of changing gun regulations on sales volumes.
- Innovations in small arms technology that could drive consumer interest.
- Economic conditions impacting discretionary spending on firearms.
- Security concerns potentially boosting demand in specific markets.
