Service Handgun Market Market Size 2020-2025


Posted March 22, 2021 by sandycool

Service Handgun Market by type (Revolvers and Pistol), In Material (Steel, Aluminum and Polymer) and Safety (Grip, Drop and Manual), Regional analysis
 
Service Handgun Market was worth US$ xx million in 2020, and it is estimated to reach a valuation of US$ xx million by the end of 2025, growing at an annual compound rate of xx% between 2020 and 2025.

A service handgun is a gun or firearm that is given to a soldier or law enforcement officer. In general, service guns are semi-automatic revolvers or pistols issued to public officials, police officers, but service guns can also be issued to Special Forces as a backup of the primary weapon. Handguns are generally not granted to first-line infantry.

Recent Developments and Trends:

January 2017: The US Army has announced that he would replace the service gun after 35 years, and the standard issued the Beretta M9 as the last P320 gun developed by Sauer and Shon. The army mentioned that it would buy 280,000 guns and up to 500,000 pistols.

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November 2017: The US Army has announced that soldiers with the 101st Airborne Division would be the first to receive the new Army gun, the M17 modular gun system. The 101st Airborne Division received around 2000 M17 and M18 pistols, which replaced the 10-year-old Beretta M9 that the army used previously.

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Service Handgun Market Segmentation:

The Service

By type
Material
Safety
By Type



Revolvers
Pistol
By Material

Steel
Aluminum
Polymer
The polymer-based handguns are likely to register the highest CAGR in the forecast period due to their less weight, easy usage and portability.

Regional Analysis:

North America service handguns market was the largest shareholder, with revenues of $ 618 million in 2018. The relationship between weapons and people has become more sophisticated, increasing the total number of users in the United States. A recent survey found that 3% of adults own half of the gross total produced in the United States. According to an undisclosed study by Harvard, total stocks have increased by 70 million since 1994, converting the US citizens as one of the most armed civilians in the world. Public disagreements about gun ownership laws have resulted in many accidental deaths, as well as mass shootings.

Key Players:

Key players in the Service handgun market are Swiss Arms AG, Remington Arms Company LLC, Baretta, CZUB, FN Herstal, Colt Group SA, Glock Inc, KADDB, Smith and Wesson, Sturm, Ruger & Co., Inc., and Israel Weapons Industry.
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Tags market size , service handgun market , trends
Last Updated March 22, 2021