In 2022, it was estimated that the global market for firearm lubricants would reach USD 302.2 million. The increasing need for firearm lubricants with low volatile organic compounds (VOCs) will likely lead to increased demand for weapon lubricants. By 2033, it is expected to have generated USD 401.3 million, with a CAGR of 2.6% from 2023 to 2033.
The firearm lubricants market has been exhibiting impressive growth since the last few years. This growth is projected to continue over the next years due to increasing use of firearm lubricants by military & defense and police & private security segments.
Improved firearm lubricating products along with less environmental impact they cause will lead to increase in their demand among various end users. The increasing population and rapid urbanization will ensure significant opportunities for firearm lubricant producers in the coming years.
The majority of small arms, such as assault rifles, pistols, and machine guns, are used using firearm lubricants. Guns can only function properly with the help of firearm lubricants, which prevent wear, overheating, and malfunction.
Firearm lubricants may one day be used in heavy artillery and other big weapons with further product development. They are able to accommodate the best possibilities in the intended application in the worldwide market for firearm lubricants if a wide variety of applications are found through careful analysis.
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors fueling the demand for Firearm Lubricants. The report tracks the global sales of Firearm Lubricants in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the construction industry in general, and Firearm Lubricants in particular.
| Report Attribute | Details |
|---|---|
| Estimated Market Value (2022) | USD 302.2 million |
| Expected Market Value (2023) | USD 310.06 million |
| Projected Forecast Value (2033) | USD 401.3 million |
| Anticipated Growth Rate (2023 to 2033) | 2.6% CAGR |
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
According to the report, the global firearm lubricants market has seen a steady growth in demand across military & defense industries. This growth is especially observed in North America and the Western European countries. Moreover looking at the type of Firearm Lubricants, the Bio Based is likely to grow at rapid pace particularly in the military & defense industry.
Facing challenges such as environmental impact of lubricants and frequent jamming of guns has always been prime concern of manufacturers. Choosing a correct firearm lubricants type for specific application has been difficult for end-use industries, hence manufacturers have been focusing on improving efficiency of these lubricants with respect to industry specific applications.
The market is likely to gain significant impetus from the launch of new firearm lubricants such as bio lubricants with advanced properties in the near future. This will not only help end users to tackle price concerns but will enable them achieve more product efficiency. Some of the leading manufacturers have already launched several advanced firearm lubricants. For instance, G96 launched Bio-CLP Synthetic Gun Oil which earned US Army’s stamp of approval due to its composition of more than 49% renewable resources. It also got recognized by USDA’s BioPreferred program.
According to FMI’s analysis, Firearm Lubricants sales have grown at 1.82% CAGR between 2018 and 2022. Firearm lubricants have been consistently employed in Secret Service, Special Forces, Air Force, Army, Coast Guard, Marine Corps and Navy. Nowadays, the demand of firearm lubricants is rising from police & private security, sports, hunting, and privately owned firearms owners.
Rising demand for lubricants with low volatile organic compounds (VOCs), high performance, and excellent properties such as all-weather glitch free operability under exposure to salt spray, extreme cold and very fine dust will result in an increase in demand for Firearm Lubricants over the forecast period.
Paper production in countries such as China, India, and in some parts of the Middle East and Latin America is increasing. The global chemicals industry has witnessed significant growth over the past couple of years. Increasing demand from several end-use industries, including cosmetics and personal care, is a key factor responsible for the growth of the chemical industry.
Manufacturers in the firearm lubricants market would stay glued to Asia, influenced by increasing security threats in the region. For instance, the recent military standoff between India and China led to increase in the firearm procurement by both the militaries which in turn will create the demand for lubricants.
In emerging markets such as India and China, economic growth has resulted in an increase in the demand for firearm lubrication, however, this market is still dominated by North America and Europe majorly the United States, France, Germany, and Russia. Rapid military advancement, coupled with high demand for privately owned firearm in these countries is expected to drive the market.
The firearm lubricants market growth is also projected to be slightly affected by the COVID-19 pandemic crisis and is expected to witness plunge in demand in 2020. With a number of end-use industries affected in regions such as North America, East Asia, and South Asia-Pacific, the supply and shortage in demand are expected to result in a drop in Y-O-Y growth yet FMI expects global firearm lubricants market to grow at a 2.6% CAGR through 2033.
Advancements in Operating Features of Firearm Lubricants Influence Its Demand
Firearm lubricants are essential for firearms to ensure their proper functioning. Modern firearm lubricants provides high heat & burn off resistance that also prevents rust and frees stuck parts and actions. It helps the gun to operate smoothly in all weather conditions which included exposure to salt spray, extreme cold and very fine dust. Modern firearm lubricants also helps to keep the gun clean and cool for longer.
The unique property of Mil-Comm weapons lubrication is that it actually penetrates into the metal of the moving parts and acts on a slow release principle, keeping the gun clean and cool for longer. Thus, the advancements in the firearm lubricants will significantly affect firearm lubricants market growth.
High Commercial Potential of these products will affect Sales of Firearm Lubricants
Firearm lubricants are mostly used in the small arms such as pistols, assault rifles, and machine guns. Firearm lubricants ensure the smooth functioning of gun without wear, overheat or weapon failure.
Firearm lubricants have potential to be used in large guns such as heavy artillery with more advancements of the product. A wide range applications if found out through extensive research accommodates best potential in the targeted application in the global Firearm Lubricants market.
What is the Potential for Research and Development?
Some of the leading manufacturers are investing in research and development (R&D) activities to manufacture Firearm Lubricants with low VOCs and excellent properties. Competitive price offering, increase in end user satisfaction, use of advanced technologies are the end results of the research and development activities.
Increasing research and development activities through collaboration or partnerships helps the company for development of overall scenario of the market. Establishing good supply chain networks in emerging countries coupled with long term partnerships with regional distributors also lays the way for the diversification of channel reach.
Bio Based Segment Is Growing at the Fastest Pace
Bio based segment by far, is expected to dominate type segment for the firearm lubricants with a 54% market share in 2022. This is mainly attributable to the growing demand from military & defense sector. The unique properties help to gain considerable momentum with key players constantly designing, developing, and launching new bio based products.
Bio based lubricants with renewable content of more than 49% is expected to witness significant demand due to its high preference especially in military & defense industry. The excellent properties such as low VOC content, all-weather operability, rust inhibiting properties, and high heat & burn-off resistance makes it the most preferable option among end-users.
Oils Will Be Highly Preferred By the End-users in the Long Run
Oils will dominate the firearm lubricants market during the forecast period due to its easy availability and high performance properties. It is likely to gain a market share of 26% in 2023. Oils are mostly used in light arms whereas greases are used in heavy duty firearms.
Oils are easy to use compared to other forms of lubricants. The Gun Oil is a tested product that increases the life-span, and that allows the guns to function at all times with ease.
Military & Defense Industry has Higher Demand for Increased Arms Demand
Military & defense sector is the highest consumer of firearm lubricants because it has the largest collection of guns compared to other end-use industries. Personnel’s of the military & defense industry also continuously and frequently use their firearms in military exercises, anti-terrorist operations and other such military operations.
Military & defense segment is expected to grow at the fastest rate due to growing firearms procurement and military operational preparedness exercises by countries like India, China, Japan, Russia and USA. Furthermore, the increasing defense budgets of countries having territorial disputes like India, China, and Japan is also leading to high consumption of firearm lubricants.
Guns and Pistols are being Greatly Used for Various Counter Terrorist Operations
Guns and pistol sector has the largest market share holder in the global firearm lubricants market, owing to its high demand across all end-use sectors. Heavy arms have higher per capita consumption of lubricants compared to small arms but the overall consumption is more in case of small arms due to its high penetration across different end-use industries.
Guns & pistols are more frequently used by militaries for counter terrorist operations across world, police personnel’s to maintain low & order, individuals for their own personal security, and for hunting and sporting activities.
Favorable Policies along with Higher Per Capita Income to Boost Growth
FMI has projected the United States to remain one of the most remunerative and paying markets throughout the course of the forecast period with almost 45% market share in 2022. One of the key factors supporting this expansion is the growth in privately owned and military firearms in the country.
The United States has the largest defense budget of USD 725.1 billion due to which it holds large number of firearms for its military personnel’s. The country is also engaged in military operations in other countries which has led to high demand for firearm lubricants for its military troops.
The United States is the largest market for firearms especially privately owned and military firearms. The country has 4.5 million military & defense firearms and 1.3 million licensed privately owned firearms. The demand for new and improved lubricants amongst young buyers is a factor adding up to the sales in United States.
The country also witnessed sudden spur of demand for firearms during the covid-19 pandemic leading to increase in the sale of lubricants. A new trend of bio-based lubricants is also set amongst customers as they are conscious for the environment. Bio lubricants with more than 49% renewable resource content is also helping companies to get military approval for sale of firearms.
Favorable policies, coupled with high per capita spending, has created a conducive environment for the growth of Firearm Lubricants industry in the United States Also the presence of leading players such as Lucas Oil Products, Inc, L&R Ultrasonics, Amsoil Inc., MPT Industries, G96 Products Inc., Radco and Industries, Inc. is supporting growth in the United States Strategies undertaken by these companies include product launches and expansion plans, which will continue aiding overall expansion in the country.
Military Strength of the Country is propelling the Sales
The India firearm lubricants market holds a key share in South Asia & Pacific with 32% in 2022. Military and privately owned firearms constitutes the largest consumers of firearm lubricant in the region. India holds significant firearm production capacity and large number of prominent firearm lubricant producers due to its high military strength.
The country is the largest defense importers in the world. India also has territorial disputes with its neighboring countries due to which there is high demand for firearm lubricants in the military & defense sector of the country. The military and police & private security of the country currently holds around 3.9 million and 1.7 million firearms respectively.
High Military Budget of the Region is anticipated to Bring in More Demand
China accounts for a major share in the global firearm lubricants market. The country has largest strength of military personnel’s and second largest military budget globally. According to SIPRI estimates, China’s defense budget in 2018 was USD 250 billion second only to the United States Chinese military holds majority of the firearms in the country. Chinese military owns a whooping 27.5 million firearms which is second largest in the world. The country has large-scale state-owned military-industrial complexes, some of which might well rank in the top 20.
The country is also one of the largest arms exporter globally. Between 2008 and 2018, China exported some USD 15.7 billion worth of conventional weapons across the globe, making it the 5th largest arms supplier in the world, behind the United States, Russia, Germany, and France. According to SIPRI, China has exported 16.2 billion units of ammunition, mostly to countries in Asia, the Middle East and Africa over the past 12 years.
The Region is World's Leading Exporters of Weapons to the Hunting, Police, and Sporting industries
Germany is one of the largest firearm lubricant consumers in Europe. The country has approximately 0.5 millionn military firearms and 5.9 millionn privately owned firearms.
Privately owned firearms, hunting and sports segments are one of the largest consumers of firearm lubricants in Germany. Germany is one of the largest exporter of small arms globally. Germany is one of the largest exporter of firearms for sports, hunting and police sectors globally.
Prominent Small Arms Manufacturers are Enhancing the Military Arms Demand
Russia is one of the largest firearm manufacturers in the world. The Russian military holds the largest number of firearms globally which accounts for 30.3 million. Military & defense is the largest consumer of firearm lubricant in the country. Russia is one of the largest firearm lubricant markets in the world high defense budget, and large number of defense personnel in the country.
The country also has adequate firearms and firearm lubricant production capacity. The country also has some of the prominent small arms manufacturers such as Central Research Institute for Precision Machine Building, and CJSP Klimovsk Specialized Ammunition Plant.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
The firearm lubricants market is a moderately competitive market. Some of the companies operating in the market are focusing on online sales of firearm lubricants to private firearm holders.
The key players in this market include:
Primary developments in the market are as follows
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 2.6% from 2022 to 2032 |
| Market value in 2023 | USD 310.06 million |
| Market value in 2033 | USD 401.3 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD million in value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Form, Application, End-use, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Mexico, Brazil, Germany, United Kingdom, France, Spain, Italy, Japan, China, South Korea, Singapore, Thailand, Australia, New Zealand, GCC countries, South Africa, Israel |
| Key Companies Profiled | Lucas Oil Products, Inc.; ITW-ROCOL; L&R Ultrasonics; Amsoil Inc.; MPT Industries; G96 Products Inc.; Radco Industries, Inc.; Pacific Specialty Oils; Ballistol; Renewable Lubricants Inc.; Militec Inc.; Pro-Shot Products Inc.; Liberty Gun Lubricants; Clenzoil |
| Customization & Pricing | Available on Request |
The global market value is likely to be around USD 310.06 million in 2023.
Firearm lubricants demand is expected to rise at 2.6% CAGR through 2033.
The global industry is forecasted to accrue USD 401.3 million by 2033.
The United States contributed for almost 45% of the global market share in 2022.
India is currently the key market in South Asia & Pacific with 32% market share in 2022.
| Expected Market Value (2023) | USD 13.46 billion |
|---|---|
| Anticipated Forecast Value (2033) | USD 21.7 billion |
| Projected CAGR (2023 to 2033) | 4.8% |
| Estimated Market Share in 2023 | USD 129.2 billion |
|---|---|
| Forecasted Market Size by 2033 | USD 178.8 billion |
| Projected Market CAGR (2023 to 2033) | 3.3% |
Explore Industrial and Institutional Chemicals Insights
View Reports
Firearm Lubricants Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
