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According to Fortune Business Insightsu2122, the global rifles market size was valued at USD 3.44 billion in 2024 and is projected to grow from USD 3.54 billion in 2025 to USD 4.77 billion by 2032, exhibiting a CAGR of 4.35% during the forecast period. North America dominated the market with a 43.31% share in 2024, driven by high defense spending, a large civilian user base, and widespread adoption of advanced rifle systems.
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