Triggering Growth: Navigating the Future of the Global Firearms Market (2024–2033)

The global firearms market is anticipated to surge from USD 41.4 billion in 2023 to USD 76.3 billion by 2033, registering a CAGR of 6.30%. This growth is driven by rising civilian demand for personal protection, increasing government military budgets, and growing recreational shooting culture. Advancements in weapon technology and rising geopolitical tensions have accelerated procurement by military and law enforcement agencies.

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