The global handguns market was valued at USD 3.02 billion in 2024 and is expected to reach USD 4.54 billion by 2032
During the forecast period of 2025 to 2032 the market is such as to grow at a CAGR of 5.20%, primarily driven by the increasing demand for personal protection and law enforcement applications
This growth is driven by factors such as the rising concerns over personal safety, law enforcement modernization, and the growing trend of shooting sports
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