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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Sports Gun Market Outlook
The global sports gun market is estimated to grow in the forecast period of 2024-2032 at a CAGR of 9.2% to reach about USD 4.44 billion by 2032.
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North America Holding a Significant Share in the Market for Sports Gun
The North American region has witnessed a significant share in the market of sports gun on account of the increasing interest of consumers in trying new sports across the region. The rising participation of the population in sporting events, along with rising investments in training students for shooting events in countries like the United States and the expansion strategies of strong market players in the region are driving the market growth of sports gun in North America. Moreover, the Asia Pacific region is anticipated to register market growth in sports gun during the forecast period due to the surging involvement in Asian sports games. For instance, ISSF increases Olympic shooting quotas for Asian countries which are further expected to bolster the market growth of sports gun in the region. The evolving economies like India, and China, among others, are attracting more consumers due to surging government initiatives like Khelo India Youth Games and increasing investment in the National Sports Development Fund is likely to fuel the market growth of sports gun over the upcoming years.
Market Segmentation
Sports guns are primarily used in sporting events like target shooting, rifle shooting, and handgun shooting for recreational or competitive purposes. These guns are non-lethal weapons that utilise metal tubes to fire bullets, artillery shells, pellets, arrows or darts with explosive force or compressed air.
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The market for sports gun, by gun type, is divided into:
- Rifle
- Pistol
- Shotgun
- Others
The market can be broadly categorised on the basis of distribution channel segments into:
- Gun Stores
- Sporting Goods Stores
- Online
- Others
The market is further segregated on the basis of application into:
- Competitive Shooting
- Recreational Sports
The EMR report looks into the regional markets of sports gun like Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa.
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Rising Participation in Shooting Sports to Boost the Market Demand for Sports Gun
The global market for sports gun is driven by the increasing involvement of people in shooting sports such as target shooting, which enhances mental as well as physical discipline. The surging advancements in the firearms industry along with the rising popularity of Olympic games, availability of shooting sports facilities and others and growing awareness about the advantages of shooting sports like developing self-discipline, improved self-confidence, increased eye-hand coordination, and mental processing, among others, are driving the market growth of sports gun across the globe. The growing advanced technology in guns like modular weapons, and smart guns, among others, is further fuelling the market growth of sports gun. Moreover, the rising interest among the young population in various sports like Olympic and Commonwealth Games is likely to gain momentum in the market growth of sports gun during the forecast period.
Key Players in the Global Sports Gun Market
The report presents a detailed analysis of the following key players in the global sports gun market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- American Tactical Inc.
- Crosman Corporation
- J.G. ANSCHÜTZ GmbH & Co.KG
- Howa Machinery, Ltd.
- Sturm, Ruger & Co., Inc.
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Gun Type |
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| Breakup by Distribution Channels |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global sports gun market is assessed to grow at a CAGR of 9.2% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 4.44 billion by 2032.
The major market drivers are increasing interest in new sports among the younger population, rapid urbanisation, changing lifestyles, and innovative marketing strategies by branded market players.
The key market trends guiding the growth of the market include the evolving technology and surging involvement in Asian sports games.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various types that are available in the market include rifle, pistol, and shotgun, among others.
The different distribution channels available in the market are gun stores, sporting goods stores, and online, among others.
The various applications of sports gun are competitive shooting and recreational sports.
The major players in the market are American Tactical Inc., Crosman Corporation, J.G. ANSCHÜTZ GmbH & Co.KG, Howa Machinery, Ltd., and Sturm, Ruger & Co., Inc., among others.
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