Forecasted sales for small arms, ordnance, and ordnance accessories in the US show a steady upward trend from $9.54 billion in 2024 to $10.79 billion by 2028. This reflects a compound annual growth rate (CAGR) of approximately 3.1%. For 2023, actual sales stood slightly below $9.54 billion, indicating a consistent year-on-year growth pattern. The data suggests a market showing resilience and steady demand expansion.
Future trends to watch for:
- Regulatory impacts, such as policy changes, that could affect sales directly.
- Technological advancements enabling product innovation and differentiation.
- Geopolitical tensions influencing defense spending and demand.
- Shifts in consumer behavior impacting the civilian market for small arms.
