According to Fortune Business Insights™, the global rifles market size was valued at USD 3.44 billion in 2024 and is projected to grow from USD 3.54 billion in 2025 to USD 4.77 billion by 2032, exhibiting a CAGR of 4.35% during the forecast period. North America dominated the market with a 43.31% share in 2024, driven by high defense spending, a large civilian user base, and widespread adoption of advanced rifle systems.

What is a Rifle?

A rifle is a long-barreled firearm designed for shoulder firing, distinguished by spiral grooves (rifling) cut into the barrel. This rifling imparts spin to the bullet, enhancing stability, accuracy, and range. Widely used in military, law enforcement, hunting, and sport shooting, rifles offer unmatched precision over pistols and shotguns.

Key Companies Profiled

• Kalashnikov Group (Russia)
• Heckler & Koch GmbH (Germany)
• Remington Arms Company LLC (U.S.)
• Israel Weapons Industries (Israel)
• Colts Manufacturing LLC (U.S.)
• FN Herstal (Belgium)
• American Outdoor Brands Corporation (U.S.)
• Glock Ges.m.b.H. (Austria)
• Smith & Wesson Brands Inc. (U.S.)
• Sturm, Ruger & Co., Inc. (U.S.)

Source:

https://www.fortunebusinessinsights.com/rifles-market-112872

Market Segmentation

By Firing Type