The global sports gun market size reached US$ 2.4 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 3.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.54% during 2023-2032. The rising number of competitive shooting games is stimulating the market.
The rising use in shooting sports, hunting, and competitive events is augmenting the growth of this segment. Companies are also integrating smart technologies, which is acting as a significant growth-inducing factor. For example, the CZ 457 series by CZ-USA gained popularity among sports shooters, particularly in precision rimfire competitions.
Competitive shooting refers to a highly disciplined sport that tests a shooter's speed, accuracy, and precision across numerous categories as well as disciplines. This sport encompasses a wide range of events, from rifle and pistol shooting to shotgun sports, each with its own set of challenges and rules. For example, as per sports gun market analysis report, in shooting competitions like the Precision Rifle Series (PRS), participants engage targets at varying distances, requiring advanced ballistic knowledge and optimal accuracy.
Gun stores play a crucial role in catering to the needs of shooting enthusiasts, providing a wide range of accessories, firearms, and expert advice tailored to competitive and recreational shooting. Furthermore, stores like Bass Pro Shops and Cabela's also offer extensive selections of sports guns.
According to the sports gun market outlook report, North America exhibits a clear dominance, propelled by competitive events like precision rifle shooting and 3-gun competitions. For instance, the Ruger Precision Rifle is highly sought after in the competitive shooting community. Besides this, the presence of large-scale retail chains like Academy Sports + Outdoors and Bass Pro Shops will continue to fuel the regional market in the coming years.
Sports Gun Market Recent Developments:
2. What is the expected growth rate of the global sports gun market during 2024-2032?
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?
Sports Gun Market Analysis:
- Major Market Drivers: The widespread participation in several high-power rifle, popinjay, skeet shooting, skirmish, and cowboy action shooting games by youngsters and kids is propelling the market.
- Key Market Trends: The growing investments in prominent sporting events, such as the Commonwealth, Olympics, and Asia games, are acting as significant growth-inducing factors.
- Competitive Landscape: Some of the prominent companies in the market include 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., among many others.
- Geographical Trends: The growing use of firearms that can be used in diverse academies to provide proper training to individuals is driving the market in North America.
- Challenges and Opportunities: The elevating safety concerns among individuals are hindering the market. However, fostering regulatory compliance is expected to fuel the market in the coming years.
Sports Gun Market Trends:
Advent of Advanced Technology
The rising incorporation of features like RFID, biometric sensors, and GPS tracking is stimulating the market. They are extensively designed to prevent unauthorized use, enhance user safety, and improve the overall shooting experience. For example, in July 2024, the Clark County School District in Las Vegas introduced an advanced weapons detection system for large-scale sporting events like varsity football and basketball games and random school arrival screenings at middle and high schools.Increasing Competitive Shooting
The growing participation in events like the International Practical Shooting Confederation (IPSC) competitions, the Olympics, various national and regional shooting championships, etc., is propelling the escalating the sports gun market demand. In May 2024, the Army Marksmanship Unit (AMU), known for producing some of India's top shooters inaugurated the Army Girls Sports Company (AGSC) dedicated to the shooting discipline. This initiative responds to the inflating interest among women in the sport.Growing Popularity of Recreational Activities
The appeal of skill development, precision, and competitive spirit propels the emerging trend of shooting sports among both amateurs and professionals. Additionally, the expansion of shooting ranges and clubs, coupled with the introduction of shooting as a recreational activity, is boosting the adoption of high-quality sports guns. In January 2024, several companies displayed their portfolio of the latest sports guns at the SHOT Show in Las Vegas, Nevada.Global Sports Gun Industry Segmentation:
The publisher provides an analysis of the key trends in each segment of the market, along with the sports gun market forecast at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on the gun type, application, and distribution channel.Breakup by Gun Type:
- Rifle
- Pistol
- Shotgun
Rifle exhibits dominance in the sports gun market outlook
The rising use in shooting sports, hunting, and competitive events is augmenting the growth of this segment. Companies are also integrating smart technologies, which is acting as a significant growth-inducing factor. For example, the CZ 457 series by CZ-USA gained popularity among sports shooters, particularly in precision rimfire competitions.
Breakup by Application:
- Competitive Shooting
- Recreational Sports
Competitive shooting exhibits a dominance in the sports gun market share
Competitive shooting refers to a highly disciplined sport that tests a shooter's speed, accuracy, and precision across numerous categories as well as disciplines. This sport encompasses a wide range of events, from rifle and pistol shooting to shotgun sports, each with its own set of challenges and rules. For example, as per sports gun market analysis report, in shooting competitions like the Precision Rifle Series (PRS), participants engage targets at varying distances, requiring advanced ballistic knowledge and optimal accuracy.
Breakup by Distribution Channel:
- Gun Stores
- Sporting Goods Stores
- Online
- Others
Gun stores accounted for the sports gun forecast report
Gun stores play a crucial role in catering to the needs of shooting enthusiasts, providing a wide range of accessories, firearms, and expert advice tailored to competitive and recreational shooting. Furthermore, stores like Bass Pro Shops and Cabela's also offer extensive selections of sports guns.
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
North America exhibits a clear dominance in the market
According to the sports gun market outlook report, North America exhibits a clear dominance, propelled by competitive events like precision rifle shooting and 3-gun competitions. For instance, the Ruger Precision Rifle is highly sought after in the competitive shooting community. Besides this, the presence of large-scale retail chains like Academy Sports + Outdoors and Bass Pro Shops will continue to fuel the regional market in the coming years.
Competitive Landscape:
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market sports gun companies have also been provided. Some of the key players in the market include:- 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.
Sports Gun Market Recent Developments:
- July 2024: The Clark County School District in Las Vegas introduced an advanced weapons detection system for large-scale sporting events like varsity football and basketball games and random school arrival screenings at middle and high schools.
- May 2024: The Army Marksmanship Unit (AMU), known for producing some of India's top shooters, inaugurated the Army Girls Sports Company (AGSC) dedicated to the shooting discipline.
- January 2024: Several companies displayed their portfolio of the latest sports guns at the SHOT Show in Las Vegas, Nevada.
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 2024-2032?
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 | 137 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 2.4 Billion |
| Forecasted Market Value ( USD | $ 3.9 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
