Vendors are leveraging on the design, development, and manufacture of firearms that are more reliable and superior than those currently in active in military service.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global small arms market in their latest research report. This report also lists nine other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the sales, product innovations, and geographic coverage.
This Technavio report, under aerospace & defense vertical, is based on the synthesis, analysis, and interpretation of information about the global small arms market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
Factors such as government funding for R&D, industry development, and market conditions, result in market share growth. There are only a few vendors in the military segment who dominate the small arms market. As a result, strong competition resides among the vendors in this segment to receive key defense contracts. Companies with greater technical capabilities and financial resources are able to design and manufacture firearms that can make their rival’s products uncompetitive or outdated, even before they are launched.
“Vendors compete in terms of price, quality, weight, and size of firearms. Moreover, the growth of the market share depends on factors such as market conditions, government funding on R&D, and industry development. To survive in these tough market scenarios, vendors should enhance their geographical reach in other countries while reviving domestic demand to achieve sustained growth,” says Moutushi Saha, a lead analyst at Technavio for research on defense.
Top five vendors in the small arms market space
Beretta
Beretta operates in various companies and the weapons manufactured by the company is used widely by military personnel, law enforcement agencies, and civilians. The company has progressively expanded its line of products, which now includes clothing and accessories suitable for hunting, shooting, and outdoor activities.
Some of the key products offered are: Pistols, Shotguns, Rifles, Premium guns, etc.
Heckler & Koch
Heckler & Koch manufactures and provides weapons such as submachine guns, handguns, rifles, and grenade launchers. The company supplies products to various organizations such as US Army, British and Norwegian Army Force, the Federal Police, and German customs. High standard of materials is used in the production process. The company invests about 4% of its revenues in R&D — a figure that is relatively higher than competitors. Along with this, a lot of emphases is being placed on maintenance and repairs of the products to increase their lifespan and precision.
Some of the key products offered are: Assault rifles, Sub-machine guns, Precision rifles, Pistols, etc.
HS Produkt
HS Produkt manufactures and sales handguns on a global level that exports 95% of its firearms to the US market. It offers products under HS, XDM, and VHS series. It has a production capacity of over 30,000 pistols per month. It also offers VHS assault rifles that are used by NATO countries.
Headquartered in Lake Forest, Illinois, US, the company manufactures and distributes wellness, medical, and home healthcare products. Omron Healthcare operates as a subsidiary of OMRON Corporation. The company specializes in the manufacture and distribution of personal wellness products. The company’s products include home blood pressure monitors and electrotherapy devices like ElectroTHERAPY TENS.
Some of the key products offered are: Assault rifles, Semi-automatic handguns, etc.
SIG SAUER
SIG SAUER offers weapons and arms globally to commercial users, military forces, and law enforcement agencies. The company continually adapts to the changing market requirements of the armed forces, law enforcement, and commercial markets across the world. SIG SAUER also operates a firearms training school in the US, named SIG SAUER Academy. The company continually adapts to the changing market requirements of the armed forces, law enforcement, and commercial markets across the world.
Key products: Pistols, Rifles, Airguns, etc.
Smith & Wesson
Smith & Wesson manufactures and markets firearms globally. The company’s major brands are Smith & Wesson, M&P, and Thompson/Center Arms. Apart from firearms, Smith & Wesson is also in the production of various types of ammunitions.
The company’s firearm division is categorized into the following segments: Handguns, Long guns, and other products.
Other prominent vendors in this market include Riffles, Browning Arms, Colt’s Manufacturing Company, E.R. Shaw, FN Herstal, GLOCK, Indian Ordnance Factories, Israel Military Industries, and Nammo.
A more detailed analysis is available in the Technavio report, Global Small Arms Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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