About Market Research Forecast

MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.

Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.

Handgun Market

Handgun Market Unlocking Growth Potential: Analysis and Forecasts 2025-2033

Handgun Market by Type (Single-Shot Handguns (Muzzleloaders), by Operation (Automatic, Semi-Automatic, Manual), by End-user (Defense & Homeland Security, Self-Defense, Sports, Hunting, Law Enforcement), by By Type (Single-Shot Handguns, Revolvers) Forecast 2026-2034

Oct 29 2025

Base Year: 2025

180 Pages

Handgun Market Unlocking Growth Potential: Analysis and Forecasts 2025-2033

Key Insights

The Handgun Market size was valued at USD 3.12 USD Billion in 2023 and is projected to reach USD 4.88 USD Billion by 2032, exhibiting a CAGR of 6.6 % during the forecast period. A handgun is a short-barreled, shoulder-fired firearm intended to be fired with one hand. They come in several forms; there are revolvers with a capacity to hold and discharge several bullets via a revolving chamber, semi-automatic pistols that use a single chamber and a magazine, to load ammunition for firing, and; derringers which are small firearms, commonly holding only a few bullets. Handguns are very general in their functions and size and come in various calibers, barrel sizes, and sizes, and there are mechanisms for safety and precision . As such, firearms are applied in individual protection, police work, and target practice. The selection of a handgun depends on various factors including its use, the way it is handled, and in most cases legal provisions.

Handgun Trends

Handgun Market Market Size and Forecast (2024-2030) — Handgun Market Company Market Share

Rise of micro-compact handguns for concealed carry
Increasing popularity of polymer-based handguns
Adoption of advanced materials and technologies

Driving Forces: What's Propelling the Handgun Market

Heightened Security Concerns and Personal Protection Needs: Escalating crime rates, civil unrest, and the perceived need for self-defense have fueled the demand for handguns as individuals seek to protect themselves and their families.
Growing Enthusiasm for Recreational Shooting and Hunting: The popularity of shooting sports such as target practice, competitive shooting, and hunting has driven the acquisition of handguns. Recreational shooters appreciate the precision, accuracy, and challenge offered by handguns.
Government Procurement for Law Enforcement and Military Applications: Handguns continue to be an essential tool for law enforcement and military personnel. Governments procure large quantities of handguns for use in peacekeeping missions, hostage rescue operations, and other tactical situations.
Technological Advancements and Innovation: Technological advancements in materials, manufacturing techniques, and firearms design have enhanced the reliability, accuracy, and ergonomics of handguns. Features such as polymer frames, modular design, and advanced optics have improved the user experience.
Expanding Demographic of Gun Owners: The traditional demographic of gun owners is expanding with a growing number of women, minorities, and young adults purchasing handguns for personal protection, recreational purposes, and even competition.

Challenges and Restraints in the Handgun Market

Stringent firearm regulations in some regions
Fluctuating raw material prices
Increasing competition from alternative self-defense solutions

Emerging Trends in Handgun

Smart handguns with integrated biometric identification
Wearable body cameras for law enforcement officers
Virtual reality training for handgun proficiency

Growth Catalysts in the Handgun Industry

Government investments in military and law enforcement upgrades
Rise of e-commerce platforms for handgun sales
Technological advancements in handgun design and manufacturing

Market Segmentation: Handgun Analysis

Type:

Single-Shot Handguns
Muzzleloaders

Operation:

Automatic
Semi-Automatic
Manual

End-user:

Defense & Homeland Security
Self-Defense
Sports
Hunting
Law Enforcement

Leading Players in the Handgun Market

Significant Developments in the Handgun Sector

August 2023: India's AWEIL launches Prabal revolver with extended fire reach
October 2022: Jindal Defense and Taurus Armas partner for small arms manufacturing in India
October 2022: MD Charlton wins USD 3.2 million contract for C22 sidearms in Canada
April 2022: Polish armed forces acquire Grot C16 rifles and VIS 100 pistols
June 2022: U.S. Air Force procures 125,000 M18s from Sig Sauer

Comprehensive Coverage Handgun Market Report

In-depth Market Dynamics Analysis: Explore the intricate factors driving market growth, including evolving consumer preferences, economic influences, and geopolitical considerations. We dissect key demand drivers and potential inhibitors to provide a holistic understanding of the current and future landscape.
Granular Industry Segmentation & Competitive Landscape: Our report offers a detailed breakdown of the handgun market by product type (e.g., semi-automatic, revolvers), caliber, application (e.g., self-defense, sport shooting, law enforcement), and distribution channels. We provide an exhaustive overview of the competitive arena, identifying key players, their market share, and strategic initiatives.
Strategic Future Projections & Unveiled Growth Opportunities: Gain actionable insights into the projected growth trajectory of the handgun market. We identify emerging trends, untapped market segments, and potential strategic alliances that present lucrative opportunities for stakeholders.
Navigating Regulatory Frameworks & Emerging Technologies: Understand the profound impact of current and anticipated regulations on the handgun market. We also analyze how innovative technologies, such as advanced materials, smart features, and manufacturing techniques, are shaping product development and market evolution.
Detailed Company Profiles of Leading Market Players: Access comprehensive profiles of prominent companies operating within the handgun industry. These profiles include historical performance, product portfolios, strategic partnerships, financial health, and future outlook, providing a critical resource for competitive intelligence.

Regional Insights

North America: Largest market share due to strong demand for self-defense and recreational shooting
Europe: Stringent regulations and high-security concerns drive market growth
Asia Pacific: Rapidly growing market driven by government procurement and rising personal wealth
Middle East and Africa: Emerging market with potential for growth in law enforcement and security applications

Handgun Market Market Share by Region - Global Geographic Distribution — Handgun Market Regional Market Share

Geographic Coverage of Handgun Market

Higher Coverage

Lower Coverage

No Coverage

Handgun Market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2020-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2020-2025
Growth Rate	CAGR of 6.6% from 2020-2034
Segmentation	By Type Single-Shot Handguns (Muzzleloaders By Operation Automatic Semi-Automatic Manual By End-user Defense & Homeland Security Self-Defense Sports Hunting Law Enforcement By Geography By Type Single-Shot Handguns Revolvers

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1. Increasing Innovations in Advanced Weapon to Boost Market Growth
- - 3.3. Market Restrains
  - - 3.3.1 Gun Purchase Restricted by Political
    - 3.3.2 Legal
    - 3.3.3 and Economic Factors to Hamper Market Growth
- - 3.4. Market Trends
  - - 3.4.1. Development of Polymer-based Handguns to Emerge as Latest Market Trend
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. Global Handgun Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Type
  - 5.1.1. Single-Shot Handguns (Muzzleloaders
- 5.2. Market Analysis, Insights and Forecast - by Operation
  - 5.2.1. Automatic
  - 5.2.2. Semi-Automatic
  - 5.2.3. Manual
- 5.3. Market Analysis, Insights and Forecast - by End-user
  - 5.3.1. Defense & Homeland Security
  - 5.3.2. Self-Defense
  - 5.3.3. Sports
  - 5.3.4. Hunting
  - 5.3.5. Law Enforcement
- 5.4. Market Analysis, Insights and Forecast - by Region
  - 5.4.1. By Type
6. Competitive Analysis
- 6.1. Global Market Share Analysis 2025
- - 6.2. Company Profiles
  - - 6.2.1 Glock gmbh (Austria)
      6.2.1.1. Overview
      6.2.1.2. Products
      6.2.1.3. SWOT Analysis
      6.2.1.4. Recent Developments
      6.2.1.5. Financials (Based on Availability)
    - 6.2.2 SIG SAUER (U.S.)
      6.2.2.1. Overview
      6.2.2.2. Products
      6.2.2.3. SWOT Analysis
      6.2.2.4. Recent Developments
      6.2.2.5. Financials (Based on Availability)
    - 6.2.3 Sturm Ruger & Co.
      6.2.3.1. Overview
      6.2.3.2. Products
      6.2.3.3. SWOT Analysis
      6.2.3.4. Recent Developments
      6.2.3.5. Financials (Based on Availability)
    - 6.2.4 Inc. (U.S.)
      6.2.4.1. Overview
      6.2.4.2. Products
      6.2.4.3. SWOT Analysis
      6.2.4.4. Recent Developments
      6.2.4.5. Financials (Based on Availability)
    - 6.2.5 FN HERSTAL (Belgium)
      6.2.5.1. Overview
      6.2.5.2. Products
      6.2.5.3. SWOT Analysis
      6.2.5.4. Recent Developments
      6.2.5.5. Financials (Based on Availability)
    - 6.2.6 Ceska zbrojovka a.s. (Czech Republic)
      6.2.6.1. Overview
      6.2.6.2. Products
      6.2.6.3. SWOT Analysis
      6.2.6.4. Recent Developments
      6.2.6.5. Financials (Based on Availability)
    - 6.2.7 Israel Weapon Industries (Israel)
      6.2.7.1. Overview
      6.2.7.2. Products
      6.2.7.3. SWOT Analysis
      6.2.7.4. Recent Developments
      6.2.7.5. Financials (Based on Availability)
    - 6.2.8 Colt's Manufacturing (U.S.)
      6.2.8.1. Overview
      6.2.8.2. Products
      6.2.8.3. SWOT Analysis
      6.2.8.4. Recent Developments
      6.2.8.5. Financials (Based on Availability)
    - 6.2.9 Beretta (Italy)
      6.2.9.1. Overview
      6.2.9.2. Products
      6.2.9.3. SWOT Analysis
      6.2.9.4. Recent Developments
      6.2.9.5. Financials (Based on Availability)
    - 6.2.10 Smith & Wesson (U.S.)
      6.2.10.1. Overview
      6.2.10.2. Products
      6.2.10.3. SWOT Analysis
      6.2.10.4. Recent Developments
      6.2.10.5. Financials (Based on Availability)
    - 6.2.11 Kalashnikov Group (Russia)
      6.2.11.1. Overview
      6.2.11.2. Products
      6.2.11.3. SWOT Analysis
      6.2.11.4. Recent Developments
      6.2.11.5. Financials (Based on Availability)

List of Figures

Figure 1: Global Handgun Market Revenue Breakdown (USD Billion, %) by Region 2025 & 2033
Figure 2: Global Handgun Market Volume Breakdown (K Units , %) by Region 2025 & 2033
Figure 3: By Type Handgun Market Revenue (USD Billion), by Type 2025 & 2033
Figure 4: By Type Handgun Market Volume (K Units ), by Type 2025 & 2033
Figure 5: By Type Handgun Market Revenue Share (%), by Type 2025 & 2033
Figure 6: By Type Handgun Market Volume Share (%), by Type 2025 & 2033
Figure 7: By Type Handgun Market Revenue (USD Billion), by Operation 2025 & 2033
Figure 8: By Type Handgun Market Volume (K Units ), by Operation 2025 & 2033
Figure 9: By Type Handgun Market Revenue Share (%), by Operation 2025 & 2033
Figure 10: By Type Handgun Market Volume Share (%), by Operation 2025 & 2033
Figure 11: By Type Handgun Market Revenue (USD Billion), by End-user 2025 & 2033
Figure 12: By Type Handgun Market Volume (K Units ), by End-user 2025 & 2033
Figure 13: By Type Handgun Market Revenue Share (%), by End-user 2025 & 2033
Figure 14: By Type Handgun Market Volume Share (%), by End-user 2025 & 2033
Figure 15: By Type Handgun Market Revenue (USD Billion), by Country 2025 & 2033
Figure 16: By Type Handgun Market Volume (K Units ), by Country 2025 & 2033
Figure 17: By Type Handgun Market Revenue Share (%), by Country 2025 & 2033
Figure 18: By Type Handgun Market Volume Share (%), by Country 2025 & 2033

List of Tables

Table 1: Global Handgun Market Revenue USD Billion Forecast, by Type 2020 & 2033
Table 2: Global Handgun Market Volume K Units Forecast, by Type 2020 & 2033
Table 3: Global Handgun Market Revenue USD Billion Forecast, by Operation 2020 & 2033
Table 4: Global Handgun Market Volume K Units Forecast, by Operation 2020 & 2033
Table 5: Global Handgun Market Revenue USD Billion Forecast, by End-user 2020 & 2033
Table 6: Global Handgun Market Volume K Units Forecast, by End-user 2020 & 2033
Table 7: Global Handgun Market Revenue USD Billion Forecast, by Region 2020 & 2033
Table 8: Global Handgun Market Volume K Units Forecast, by Region 2020 & 2033
Table 9: Global Handgun Market Revenue USD Billion Forecast, by Type 2020 & 2033
Table 10: Global Handgun Market Volume K Units Forecast, by Type 2020 & 2033
Table 11: Global Handgun Market Revenue USD Billion Forecast, by Operation 2020 & 2033
Table 12: Global Handgun Market Volume K Units Forecast, by Operation 2020 & 2033
Table 13: Global Handgun Market Revenue USD Billion Forecast, by End-user 2020 & 2033
Table 14: Global Handgun Market Volume K Units Forecast, by End-user 2020 & 2033
Table 15: Global Handgun Market Revenue USD Billion Forecast, by Country 2020 & 2033
Table 16: Global Handgun Market Volume K Units Forecast, by Country 2020 & 2033
Table 17: Single-Shot Handguns Handgun Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
Table 18: Single-Shot Handguns Handgun Market Volume (K Units ) Forecast, by Application 2020 & 2033
Table 19: Revolvers Handgun Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
Table 20: Revolvers Handgun Market Volume (K Units ) Forecast, by Application 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Handgun Market?

The projected CAGR is approximately 6.6%.

2. Which companies are prominent players in the Handgun Market?

Key companies in the market include Glock gmbh (Austria), SIG SAUER (U.S.), Sturm, Ruger & Co., Inc. (U.S.), FN HERSTAL (Belgium), Ceska zbrojovka a.s. (Czech Republic), Israel Weapon Industries (Israel), Colt's Manufacturing (U.S.), Beretta (Italy), Smith & Wesson (U.S.), Kalashnikov Group (Russia).

3. What are the main segments of the Handgun Market?

The market segments include Type, Operation, End-user.

4. Can you provide details about the market size?

The market size is estimated to be USD 3.12 USD Billion as of 2022.

5. What are some drivers contributing to market growth?

Increasing Innovations in Advanced Weapon to Boost Market Growth.

6. What are the notable trends driving market growth?

Development of Polymer-based Handguns to Emerge as Latest Market Trend.

7. Are there any restraints impacting market growth?

Gun Purchase Restricted by Political. Legal. and Economic Factors to Hamper Market Growth.

8. Can you provide examples of recent developments in the market?

August 2023 - India based state-owned company Advanced Weapons and Equipment India Limited (AWEIL) has launched a long-range revolver, ‘Prabal’. The Prabal revolver fire reach is up to 50 meters, more than double of other Indian revolvers.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in USD Billion and volume, measured in K Units .

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Handgun Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Handgun Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Handgun Market?

To stay informed about further developments, trends, and reports in the Handgun Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

Get Free Sample

Pre Order Enquiry Request discount

Pricing

Related Reports

Ammunition Market 2025-2033 Analysis: Trends, Competitor Dynamics, and Growth Opportunities

Perforating Gun Market Charting Growth Trajectories: Analysis and Forecasts 2025-2033

Sport Guns Market Unlocking Growth Opportunities: Analysis and Forecast 2025-2033

Small Caliber Ammunition Market Strategic Roadmap: Analysis and Forecasts 2025-2033

Gun and Accessories Market Unlocking Growth Opportunities: Analysis and Forecast 2025-2033

Tailored for you

In-depth Analysis Tailored to Specified Regions or Segments
Company Profiles Customized to User Preferences
Comprehensive Insights Focused on Specific Segments or Regions
Customized Evaluation of Competitive Landscape to Meet Your Needs
Tailored Customization to Address Other Specific Requirements

Ask for customization

The response was good, and I got what I was looking for as far as the report. Thank you for that.

Erik Perison

US TPS Business Development Manager at Thermon

As requested- presale engagement was good, your perseverance, support and prompt responses were noted. Your follow up with vm’s were much appreciated. Happy with the final report and post sales by your team.

Shankar Godavarti

Global Product, Quality & Strategy Executive- Principal Innovator at Donaldson

I have received the report already. Thanks you for your help.it has been a pleasure working with you. Thank you againg for a good quality report