Military Rifles With a Range between 500 and 1,000 Meters to Hold 1/5th of the Global Military Rifle Market Share Through 2029

The global military rifle market is projected to grow at lower single digit CAGR between 2019 and 2029 and valued to be a multi-billion dollar market by the end of 2029. While the demand for military rifles is increasing gradually, sniper rifles are accounting for a major market share globally. With the defence budget burgeoning in emerging economies, countries have increased procurement of the sniper rifles owing to its long range firing capacity and high accuracy. For instance, in August 2018, Ukraine has signed a deal with the Canadian firm PGW Defence Technologies to supply sniper rifles to its military.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=4607

The need to procure new weaponry to modernize militaries in major economies is a key driver of the global military rifle market. The US continues to remain the market leader within the military rifle market as it supplies arms and ammunition to numerous countries around the globe and is anticipated to retain its position during the forecast period owing to a large number of agreements with the military organizations of developing countries.

military rifle market 02

Key Takeaways of Military Rifle Market

  • In military rifle type, assault rifle is anticipated to accumulate majority share in terms of value and it is expected to grow at a mid-single digit CAGR in terms of value during the forecast period (2019 – 2029).
  • Military rifles with a range between 500 and 1,000 meters are projected to grow at maximum volume CAGR and are anticipated to hold more than 1/5th of the revenue share in the global military rifle market.
  • The U.S. is expected to be the largest military rifle exporter while India is expected to be the largest procuring country in the global military rifle market during the forecast period.
  • North America is projected to continue its position as the market leader while East Asia is poised to witness resilient growth in terms of value in the global military rifle market by the end of the forecast period.

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=4607

Key Segments of the Military Rifle Market

Fact.MR’s study on the military rifle market offers information divided into four key segments— type of product, range, firing mode and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Product
  • Assault Rifle
  • Light Machine Gun
  • General Purpose Machine Gun
  • Designated Marksman Rifle
  • Sniper Rifle
Range
  • Up to 500 meters
  • 500 to 1,000 meters
  • Above 1,000 meters

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/4607

Joint Ventures to Remain Key Forte of Market Stakeholders

Global military rifle market is highly competitive. Manufacturers are required to qualify certain criteria in order to supply weapons and ammunition to military organizations. Leading manufacturers usually form joint ventures with the local weapon manufacturing companies in order to tap opportunities within the region. For instance, in January 2020, Brazilian firearm manufacturer Taurus Armas formed a joint venture with Indian company Jindal Defence to manufacture assault rifles, carbines, pistols and revolvers in India. With this, JV Taurus Armas is aiming to tap into the domestic opportunities in India.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/07/11/1881487/0/en/Sustainability-Driven-Improvements-Pushing-New-Equipment-Sales-in-Rotary-Dryers-Market-details-Fact-MR-report.html

Explore Fact.MR’s Comprehensive Coverage on Industrial Goods Landscape

Scraper Conveyor Market Insights on Assessment of Demand Opportunity by Type – Parallel Scraper Conveyor and Overlapped Scraper Conveyor- https://www.factmr.com/report/4230/scraper-conveyor-market

Room Pressure Monitor Market Analysis on Assessment of Deployment of Room Pressure Monitors and Product Type, 2021-2031- https://www.factmr.com/report/4888/room-pressure-monitor-market

LNG Vaporizers Market Forecast, Trend Analysis & Competition Tracking – Global Review 2021 to 2031- https://www.factmr.com/report/4158/lng-vaporizers-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

Matched content

Editor’s pick

Express Press Release Distribution