Global Military Rifle Market to reach USD XX billion by 2027.Global Military Rifle Market is valued at approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.00 % over the forecast period 2021-2027. Military rifle is a rifle that the military issues to regular infantry. In modern militaries, this is typically a versatile and rugged battle rifle, assault rifle, or carbine suitable for use in nearly all environments. Increasing defence spending, security threats have led to the adoption of Military Rifles across the forecast period. For Instance: As per Stockholm International Peace Research Institute (SIPRI), the total global military expenditure rose to $1981 billion last year, an increase of 2.6 per cent in real terms from 2019. Also, with the increasing terrorist activities, the adoption & demand for Military Rifles is likely to increase the market growth during the forecast period. However, high manufacturing costs impede the growth of the market over the forecast period of 2021-2027.

Global Military Rifle Market is segmented on the basis of geographical region as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the technological advancements and presence of major defence equipment industries. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as rising military budget, constant threats between the nations would create profitable growth prospects for the Military Rifle Market across Asia-Pacific region.
Major market players included in this report are:
Bersa S.A. (Bersa)
F??brica Argentina de Aviones S.A. (FAdeA)
R?-o Santiago Shipyard
ASC Pty Ltd (ASC)
Austal Limited
Arsenal Inc.
Adcor Defense
Adams Arms
Bravo Company MFG, Inc.
SIG Sauer
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Assault Rifle
Light Machine Gun
General Purpose Machine Gun
Designated Marksman Rifle
Sniper Rifle
By Range:
Up to 500 meters
500 to 1,000 meters
Above 1,000 meters
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Military Rifle Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors