The global small armsmarket is dominated by leading players such as Beretta Arms Company, Taurus Holdings Inc., Glock Inc., FN Herstal and Remington Outdoor Company. There are various types of small arms, such as, rifles, shotguns and pistols. According to the report published by BIS Research, the rifle gun type market acquired the highest share in 2017 whereas, the shotgun type market is expected to grow at the highest CAGR during the forecast period, 2018-2023.