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Dublin, June 18, 2021 /PRNewswire/– “Small Arms-Global Market Trajectory and Analysis” Report has been added to ResearchAndMarkets.com provide.
The global small arms market will reach $5.9 billion By 2027
During the COVID-19 crisis, the global small arms market is estimated to be US$4.6 billion By 2020, it is expected to reach the revised scale $5.9 billion By 2027, it will grow at a compound annual growth rate of 3.6% during the analysis period 2020-2027.
The military is one of the market segments analyzed in the report, with a compound annual growth rate of 3.8% expected to reach US$3.2 billion At the end of the analysis period. After an early analysis of the business impact of the pandemic and the economic crisis it triggered, the growth of law enforcement agencies was re-adjusted to a revised compound annual growth rate of 2.9% over the next 7 years.
The U.S. market is estimated to be $1.4 billion, And China is expected to grow at a compound annual growth rate of 3.4%
The U.S. small arms market is estimated to be $1.4 billion In 2020. ChinaAs the second largest economy in the world, the market size is expected to reach $1.1 billion By 2027, the compound annual growth rate will be 3.4% during the analysis period from 2020 to 2027.
Other notable geographic markets include Japan with Canada, Is expected to grow by 3.3% and 3% respectively during 2020-2027.within Europe, Germany …
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