The global guns and accessories market, valued at USD 6.14 billion in 2019, is projected to reach USD 12.32 billion by 2032, growing at a CAGR of 5.50%. North America held the largest market share of 52.77% in 2019, with the U.S. expected to see significant growth, reaching an estimated USD 4.99 billion by 2032 due to rising concerns over violent activities driving increased adoption of firearms and accessories.

The global guns and accessories market has witnessed substantial growth in recent years, driven by factors such as increasing demand for firearms for personal defense, hunting, and recreational shooting. Additionally, the expanding popularity of firearms in emerging economies has bolstered the market's growth. With advancements in technology and increasing military spending, the guns and accessories market is set to continue its upward trajectory in the coming years.

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Key Players in the Guns and Accessories Market

Several prominent players dominate the guns and accessories market, offering a wide range of firearms, parts, and accessories. Some of the top companies include:

• AMERICAN OUTDOOR BRANDS INC. (the U.S.)
• Fabbrica d'Armi Pietro Beretta S.p.A. (Italy)
• FN HERSTAL (Belgium)
• General Dynamics Corporation (the U.S.)
• Heckler & Koch GmbH (Germany)
• Lockheed Martin Corporation (the U.S.)
• Northrop Grumman Corporation (the U.S.)
• REMINGTON OUTDOOR COMPANY (the U.S.)
• Savage (Massachusetts, the U.S.)
• Sturm, Ruger & Co., Inc. (the U.S.)
• TAURUS INTERNATIONAL MANUFACTURING, INC. (the U.S.)

These companies are engaged in constant innovation, improving the functionality and precision of their products. They are also expanding their footprints in emerging markets, contributing to the overall market growth.