The global sports gun market size reached US$ 2.2 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 3.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.
A sports gun represents a subdivision of a non-lethal firearm or pistol that is specially designed to be used in specific and sanctioned sporting events, including amateur or commercial hunting and target shooting. It includes rifle, pistols, and shotguns as some of the standard guns, which differ from each other based on propellant, barrel technology, projectile, cutting type, and caliber. These guns are manufactured from aluminum, plastic, copper, tin, zinc, and wood materials. As compared to lethal guns, such as AK-47, Rheinmetall MG 3, Uzi, and M4 carbine, sports gun are lighter, more comfortable, and easy to use. On account of these properties, they are utilized in competitive shooting games and recreational sports to boost physical strength, enhance competence and eye coordination, upsurge mental discipline, and improve endurance or stamina.
2. What is the expected growth rate of the global sports gun market during 2023-2028?
3. What are the key factors driving the global sports gun market?
4. What has been the impact of COVID-19 on the global sports gun market?
5. What is the breakup of the global sports gun market based on the gun type?
6. What is the breakup of the global sports gun market based on the application?
7. What is the breakup of the global sports gun market based on the distribution channel?
8. What are the key regions in the global sports gun market?
9. Who are the key players/companies in the global sports gun market?
A sports gun represents a subdivision of a non-lethal firearm or pistol that is specially designed to be used in specific and sanctioned sporting events, including amateur or commercial hunting and target shooting. It includes rifle, pistols, and shotguns as some of the standard guns, which differ from each other based on propellant, barrel technology, projectile, cutting type, and caliber. These guns are manufactured from aluminum, plastic, copper, tin, zinc, and wood materials. As compared to lethal guns, such as AK-47, Rheinmetall MG 3, Uzi, and M4 carbine, sports gun are lighter, more comfortable, and easy to use. On account of these properties, they are utilized in competitive shooting games and recreational sports to boost physical strength, enhance competence and eye coordination, upsurge mental discipline, and improve endurance or stamina.
Sports Gun Market Trends:
The increasing commercialization of sports guns as a recreational gaming tool and the extensive participation in various skeet shooting, high power rifle, popinjay, skirmish, and cowboy action shooting games by kids and youngsters are some factors primarily driving the market growth. In line with this, the ongoing investments in prominent sporting events, such as the Olympics, Commonwealth, and Asia games consisting of shooting games, are further supplying the demand for shotguns. Such firearms are used in diverse academies that provide proper training to individuals interested in national-level shooting games, which, in turn, is acting as another growth-inducing factor. Additionally, the escalating usage of the pistol as a preferred non-lethal tool over rifles and shotguns, owing to their convenience and easy-to-fire solution, is supporting the market growth. Apart from this, major mergers and acquisitions (M&A) amongst key players to innovate sport guns with enhanced efficacy and their availability across different distribution channels are creating a positive outlook for the market.Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global sports gun market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on gun type, application and distribution channel.Breakup by Gun Type:
- Rifle
- Pistol
- Shotgun
Breakup by Application:
- Competitive Shooting
- Recreational Sports
Breakup by Distribution Channel:
- Gun Stores
- Sporting Goods Stores
- Online
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being American Outdoor Brands Inc., Beretta Holding S.p.A., Browning Arms Company (Herstal Group), Carl Walther GmbH, Colt's Manufacturing Company LLC (Colt Defense), Dick's Sporting Goods Inc., German Sport Guns GmbH (L&O Hunting Group GmbH), Howa Machinery Ltd., J. G. Anschütz GmbH & Co. KG, Remington Arms Company LLC (Remington Outdoor Company), Smith & Wesson Brands Inc. and Sturm Ruger & Company Inc.Key Questions Answered in This Report
1. How big is the global sports gun market?2. What is the expected growth rate of the global sports gun market during 2023-2028?
3. What are the key factors driving the global sports gun market?
4. What has been the impact of COVID-19 on the global sports gun market?
5. What is the breakup of the global sports gun market based on the gun type?
6. What is the breakup of the global sports gun market based on the application?
7. What is the breakup of the global sports gun market based on the distribution channel?
8. What are the key regions in the global sports gun market?
9. Who are the key players/companies in the global sports gun market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Sports Gun Market
6 Market Breakup by Gun Type
7 Market Breakup by Application
8 Market Breakup by Distribution Channel
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- American Outdoor Brands Inc.
- Beretta Holding S.p.A.
- Browning Arms Company (Herstal Group)
- Carl Walther GmbH
- Colt's Manufacturing Company LLC (Colt Defense)
- Dick's Sporting Goods Inc.
- German Sport Guns GmbH (L&O Hunting Group GmbH)
- Howa Machinery Ltd.
- J. G. Anschütz GmbH & Co. KG
- Remington Arms Company LLC (Remington Outdoor Company)
- Smith & Wesson Brands Inc.
- Sturm Ruger & Company Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | October 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 2.2 Billion |
| Forecasted Market Value ( USD | $ 3.2 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
