Published: Oct-2022|  Format: PDF | MBI Research |  Number of pages: 138 | Code: MBI-3928636

Sports Gun Market Size, Share, Growth & Demand Analysis Report By Type (Shotgun, Rifle, Pistol) By Application (Competitive Shooting, Recreational Sports) Forecast Period 2022-2030

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Market Overview:

The Global Sports Gun Market size was valued at USD 2.86 billion in 2021 and is projected to register a valuation of USD 3.96 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 7.9% over the forecast period 2022-2030.

The increasing growth of theme and amusement parks has led to an increase in the commercialization of the product as a part of their recreational sport, helping to fuel the demand for sports guns. Sporting guns can be classified into shotguns, rifles, and handguns. These guns are becoming more popular due to the increasing participation of developing countries in shooting events.

Large sporting events, such as the Asia Games, Commonwealth Games, Olympics, and shooting activities, among others, are helping drive demand for the product.

Rifle, Pistol, and Shotgun. In rifle and pistol events, athletes shoot at indoor shooting ranges, while shotgun events take place outdoors, where shooters must shoot targets thrown into the air. All shooting is done from specified distances - 10 meters, 25 meters, and 50 meters, athletes aim at a target made of paper. In which the soil is aimed in a shotgun. The rifle is a single-loaded gun of 5.6 mm (inner diameter of the gun barrel) caliber and is used in every rifle event. On the other hand, a 4.5 mm caliber pistol gun is used in a 10 m air pistol event and a 5.6 mm caliber is used in a 25 m event with a 5 shot magazine.

Covid-19 Impact Analysis:

The outbreak of COVID-19 and the subsequent extent of lockdown have impacted the sports gun market across the globe. As the Covid-19 crisis continues, many global industrial manufacturing companies are facing challenging times including production shutdowns, transportation, supply chain disruptions, cost increases, and workforce disruptions, which negatively affect the sports gun industry in terms of revenue.

The outbreak of Covid-19 has disrupted the sporting schedule and affected some important events of 2020, thereby disrupting the sports gun market at large. As Covid-19 cases continued to decline in mid-2021, several sports games and events that were delayed were held while maintaining appropriate COVID-19 restrictions.

What are the Global Sports Gun Market Drivers?

Shooting sports are growing in popularity at the Olympics and Commonwealth Games, encouraging sports participation around the world. Additionally, the increasing participation in national-level shooting sports by college and school students is significantly driven by several organizations to further increase the participation rate from the grassroots level, thereby fueling the growth of the sports gun market globally. A boost is predicted.

However, the demand for sports guns has been declining in emerging economies due to the higher cost of manufacturing and imports.

Global Sports Gun Market Top Companies Profiles:

  • American Outdoor Brands Corporation
  • BERETTA HOLDING S.A
  • BROWNING ARMS COMPANY
  • Colt's Manufacturing Company LLC
  • HOWA MACHINERY, LTD. ( The Howa Group)
  • Crosman Corporation(Velocity Outdoors)
  • German Sport Guns GmbH
  • J.G. ANSCHÜTZ GmbH & Co.KG
  • STURM
  • Olympic Arms Inc
  • RUGER & COMPANY, INC

Global Sports Gun Market Segmentation:

The global sports gun market is segmented by type, application, and region. By type; Shotgun, Rifle, Pistol. By application; Competitive Shooting, Recreational Sports. By region; Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

Type Analysis:

On the basis of type, the rifles segment is projected to hold major shares in the global market due to its large usage in sports and recreational shooting.

  • Shotgun
  • Rifle
  • Pistol

Application Analysis:

On the basis of application, the competitive shooting segment is projected to hold major shares in the global market, owing to the rising participation of the population in sporting shooting events.

  • Competitive Shooting
  • Recreational Sports

Regional Analysis by Market Business Insights::

The global sports gun market is categorized into regions such as Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

North America Dominated the Global Sports Gun Market

The North American market for sports guns is estimated to contribute significant revenue shares to the global market, due to the active participation of the population in sporting events. Apart from this, the strong presence of manufacturers and growing investment to train students for shooting events are some of the other factors which are expected to boost the growth of the target market in this region.

The Asia Pacific to Witness Rapid Growth Over the Forecast Period

The Asia Pacific is projected to register significant progress, growing investment toward sports infrastructure, and rising awareness among the people regarding the sport's importance.

Region Covered:

  • North America (United States, Canada)
  • Latin America (Argentina, Brazil, Mexico, Rest of LATAM)
  • Europe (U.K., Germany, Spain, France, Italy, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Denmark, Sweden, Norway, Finland), Russia, Poland, Rest of Europe)
  • The Middle East and Africa (Israel, GCC (Saudi Arabia, Bahrain, Kuwait, UAE, Qatar, Oman), South Africa, North Africa, Rest of the Middle East and Africa)
  • Asia-Pacific (China, South Korea, India, Japan, Malaysia, Hong Kong, Australia, Indonesia, Taiwan, New Zealand, Rest of Asia-Pacific)



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