Middle East & Africa Rifles Market Size & Outlook
MEA rifles market highlights
- The MEA rifles market generated a revenue of USD 228.0 million in 2023.
- The market is expected to grow at a CAGR of 15.7% from 2024 to 2030.
- In terms of segment, assault rifles was the largest revenue generating product in 2023.
- Assault Rifles is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 228.0 million |
| Market revenue in 2030 | USD 634.0 million |
| Growth rate | 15.7% (CAGR from 2023 to 2030) |
| Largest segment | Assault rifles |
| Fastest growing segment | Assault Rifles |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Assault Rifles |
| Key market players worldwide | SIG SAUER, FN Herstal, Smith & Wesson Holding, Heckler & Koch, Sturm Ruger & Co Inc, Browning, O.F. Mossberg and Sons, CheyTac, Barrette Outdoor Living, Springfield Group |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.2% of the global rifles market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,991.0 million by 2030.
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Rifles Market Scope
Rifles Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CheyTac | View profile | 11-50 | https://cheytacrifles.com/ | |
| O.F. Mossberg and Sons | View profile | 101-250 | North Haven, Connecticut, United States, North America | https://www.mossberg.com |
| Heckler & Koch | View profile | 501-1000 | Rottweil, Baden-Wurttemberg, Germany, Europe | http://www.heckler-koch.com/ |
| Smith & Wesson Holding | View profile | 1001-5000 | Springfield, Massachusetts, United States, North America | http://www.smith-wesson.com/ |
| SIG SAUER | View profile | 11-50 | Eckernförde, Schleswig-Holstein, Germany, Europe | https://sigsauer.de/ |
| Barrette Outdoor Living | View profile | 1001-5000 | Middleburg, Ohio, United States, North America | http://www.barretteoutdoorliving.com/ |
| Springfield Group | View profile | 251-500 | Accra, Greater Accra, Ghana, Africa | https://www.springfieldgroup.com/ |
| FN Herstal | View profile | 1001-5000 | Herstal, Liege, Belgium, Europe | https://www.fnherstal.com/ |
| Browning | View profile | 501-1000 | Morgan, Utah, United States, North America | http://www.browning.com |
| Sturm Ruger & Co Inc | View profile | 1880 | 1 Lacey Place, Southport, CT, United States, 06890 | http://www.ruger.com |
Middle East & Africa rifles market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to rifles market will help companies and investors design strategic landscapes.
Assault rifles was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa rifles market based on assault rifles covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of rifles market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa rifles market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa rifles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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