Sniper Rifle Industry - Regional Synopsis
North America Market Statistics
Based on geographical analysis, the global sniper rifle market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America industry is expected to dominate majority revenue share by 2037, backed by rising need amongst the defense forces for advanced ammunitions. The sniper rifle market in the region is driven primarily by the United States, backed by the rising need amongst the defense forces for advanced ammunitions. The U.S. is one of the leading suppliers of arms and ammunition to many countries around the globe and is estimated to stay a key supplier over the forecast period, owing to an increase in joint agreements with the military organizations of the developing countries. As per our analysis, as of 2019, the USA accounted for almost 40% of the world’s total arms exports.
Europe Market Analysis
The market in Europe is also expected to hold a significant share on the back of the presence of countries, namely Russia and France, which hold the second and third largest share in the exports of heavy weapons and sniper rifles respectively.
