What is the current Sniper Rifle Market size?

The Sniper Rifle Market is projected to register a CAGR of 5.17% during the forecast period (2024-2029) Read More

Who are the key players in Sniper Rifle Market?

SNT Motiv Co., Ltd., Savage Arms, Inc., Knights Armament Co, Strategic Armory Corps LLC and Herstal Group are the major companies operating in the Sniper Rifle Market. Read More

Which is the fastest growing region in Sniper Rifle Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Sniper Rifle Market?

In 2024, the North America accounts for the largest market share in Sniper Rifle Market. Read More

What years does this Sniper Rifle Market cover?

The report covers the Sniper Rifle Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sniper Rifle Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Sniper Rifle Market Share

Statistics for the 2023 & 2024 Sniper Rifle market share, created by Mordor Intelligence™ Industry Reports. Sniper Rifle share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Sniper Rifle Industry

Some prominent players in the Sniper Rifle Market are SNT Motiv Co., Ltd., Savage Arms, Inc., Herstal Group, and Knights Armament Co, Strategic Armory Corps LLC, among others. Various companies are now developing advanced sniper rifles which are more lethal and are capable of supporting two different types of ammunition. These companies have a global footprint and robust supply chain, which aids in increasing their market presence. The local companies running with the support of the national government are the key competitors in the market. They have developed the ability to supply sniper rifles with high accuracy at a relatively low price while also meeting all the requirements set by the global armed forces.

For instance, in January 2022, according to the information released by the company Sako, the Finnish Defence Forces Logistics Command and Sako Ltd signed a contract to procure the new Rifle System M23 from the company. The total value of the procurement, including the value-added tax, will be approximately EUR 10 million (USD 11.84 million). Moreover, the contract also includes an additional procurement option for possible subsequent procurements.