Shooting and Gun Accessories Global Market Report 2024

The shooting and gun accessories market size has grown strongly in recent years. It will grow from $7.13 billion in 2023 to $7.62 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The expansion during the historical period can be attributed to military and law enforcement demand, trends in sports shooting, media influence, the growth of online retail, and educational initiatives.

The shooting and gun accessories market size is expected to see strong growth in the next few years. It will grow to $10.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The anticipated growth in the forecast period can be attributed to climate and environmental concerns, global security threats, the expansion of e-commerce, increased urbanization, and social media influence. Key trends expected in the forecast period involve the rise of smart accessories, subscription-based models, innovations in materials, integration of augmented reality (AR), and the incorporation of health and fitness features.

The shooting and gun accessories market is expected to witness growth driven by the rise in territorial activities worldwide. Guns and accessories find applications in various areas such as self-defense, law enforcement, hunting, and sports shooting. The surge in territorial activities globally, resulting in increased displacement of people, fuels the demand for shooting and gun accessories. According to the United Nations High Commissioner for Refugees, there were 89.3 million forcibly displaced people by the end of 2021, more than double the number from a decade ago. The increase in territorial activities worldwide is expected to drive the growth of the shooting and gun accessories market.

The shooting and gun accessories market is anticipated to grow with the increasing prominence of the e-commerce industry. E-commerce, encompassing online buying and selling, provides a broader range of shooting and gun accessories through various platforms. A report by the International Trade Administration in October 2021 projects that consumer goods e-commerce will constitute approximately 22% of global retail sales by 2024. This growth in online retail sales, particularly in the e-commerce industry, is a key factor driving the expansion of the shooting and gun accessories market.

Product innovation takes center stage in the shooting and gun accessories market, where major companies are developing innovative products to sustain their positions. Dark Storm Industries LLC, a US-based firearms manufacturer, launched the DS-25 Typhoon Sport Utility Rifle in March 2021, featuring a compact and lightweight design. This .308 semi-auto rifle utilizes AR-15 mil-spec-style parts, including a free-float M-LOK forearm and ambidextrous charging handle, showcasing the industry's focus on creating innovative and versatile firearm solutions.

Major companies in the shooting and gun accessories market are actively developing advanced technologies, such as biometric guns, to expand their customer base and boost sales and revenue. Biofire Technologies, a US-based firearm manufacturing company, introduced the 9mm smart handgun in April 2023. This innovative firearm employs biometric recognition technology, ensuring that only authorized individuals can operate or access the weapon. The smart gun's features, including LED indicators, automatic locking mechanisms, and infrared sensors, cater to individual preferences and enhance user security.

In May 2021, Ceskázbrojovka Group SE (CZG), a Czech Republic-based firearms manufacturer, acquired Colt Holding Company LLC for an undisclosed amount. The acquisition anticipates significant operational, financial, and research and development synergies, providing CZG with enhanced production capacity. This strategic move positions CZG as a dominant force in the weapons industry, catering to military, law enforcement, and commercial clients. Colt Holding Company LLC, a US-based designer and manufacturer of weapons and accessories, is now part of CZG.

Major companies operating in the shooting and gun accessories market report are Beretta Holding S.p.A., Remington Arms Company LLC, Smith & Wesson Brands Inc., SIG SAUER Inc., Sturm Ruger & Co Inc., Taurus International Manufacturing Inc., Fabrique Nationale Herstal, Fabbrica d'Armi Pietro Beretta SpA, Heckler & Koch GmbH, Colt's Manufacturing Company, AMERICAN OUTDOOR BRANDS INC., O.F. Mossberg & Sons lnc., Hatsan Arms Company, Browning Arms Company, Kimber Mfg. Inc., Umarex USA, Savage Arms lnc., Glock Ges.m.b.H., Barrett Firearms Manufacturing Inc., Daisy Outdoor Products lnc., Feinwerkbau GmbH, Daniel Defense Inc., Gamo Outdoor S.L.U, H-S Precision Inc., Benelli Armi SpA, ahg-Anschütz Handels GmbH, ArmaLite Inc., Weihrauch & Weihrauch Sport GmbH & Co KG, Webley & Scott, Les Baer Custom Inc., LWRC International LLC, Nighthawk Custom, Wilson Combat, Ed Brown Products Inc., STI International Inc., Magnum Research Inc.

North America was the largest region in the shooting and gun accessories market in 2023. The regions covered in the shooting and gun accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the shooting and gun accessories market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary product types of shooting and gun accessories are air rifles, air pistols, and others. An air rifle refers to a compressed air gun shooting pellets down a rifled barrel, powered by pressurized air produced by an engine. Pellet guns, also known as BB guns, are popular in law enforcement and competitive sports, distributed online and offline.

The shooting and gun accessories market research report are one of a series of new reports that provides shooting and gun accessories market statistics, including shooting and gun accessories industry global market size, regional shares, competitors with a shooting and gun accessories market share, detailed shooting and gun accessories market segments, market trends and opportunities, and any further data you may need to thrive in the shooting and gun accessories industry. This shooting and gun accessories market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The shooting and gun accessories market consists of sales of variable pump air rifles, break action air rifles, nitro piston air rifles, nitro piston 2 air rifles, precharged pneumatic (PCP) rifles, and CO2 air rifles as well as air pistols including CO2 pellet pistol, CO2 BB pistol, blowback air pistol, PCP air pistol. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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