The handgun market was estimated to be worth USD 4.5 billion globally in 2024, and a compound annual growth rate (CAGR) of 12.7% is anticipated throughout the course of the projected period. A firearm that is small enough to fit in the palm is referred to as a handgun. The two most popular handgun types are semi-automatic pistols and revolvers. It is employed for self-defense, small-game hunting, and target shooting.

Automatic firearms are illegal in many nations, and most countries restrict firefighters' personal ownership. The conflict between Russia and Ukraine had a beneficial impact on European nations' purchases of firearms. The market for handguns is expanding due to a growing sense of self-defense.

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Growth Drivers

People are buying firearms for protection as self-security becomes more and more common. Market dynamics are impacted by changes in gun legislation, either by imposing tougher limitations that temporarily increase sales because people want to buy a firearm before new laws are put into place, or by easing restrictions and growing the consumer base.

The sale of handguns does increase in response to perceived threats, such as increased crime rates or mass shootings, as people try to equip themselves. The demand for handguns is influenced by cultural views on firearms, notably customs surrounding hunting and shooting for fun.

Segmentation

By Type

·         Revolver

·         Pistols

By Operation

·         Automatic

·         Semi-Automatic

·         Manual

By End-User

·         Home-Security

·         Self-Defense

·         Sports

·         Hunting

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Key Players

·         GLOCK GmbH

·         SIG SAUER

·         FN HERSTAL

·         CZUB

·         Sturm Ruger and Company

·         Smith and Wesson

·         Kimber

·         Walther

·         Heckler and Koch

·         CZ-USA

·         Beretta

·         SIG Sauer

·         Other Players

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