Handgun Market Size
The global handgun market was valued at USD 3.12 billion in 2022 and is projected to grow from USD 3.41 billion in 2023 to USD 5.35 billion by 2030, at a CAGR of 6.6% during the forecast period. North America held the dominant share of 43.27% in 2022, supported by high civilian firearm ownership, strong defense procurement programs, and the presence of key manufacturers such as SIG SAUER, Smith & Wesson, and Glock GmbH.
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