Market Size of Sports Gun Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.38 % |
| Fastest Growing Market | South America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Sports Gun Market Analysis
The global sports gun market is projected to register a CAGR of 6.38% over the next five years.
- The shooting games are gaining popularity in the Olympics and Commonwealth games, encouraging sports participation worldwide. Additionally, the rising participation of national-level shooting sports by college and school students is significantly driven by several organizations further to raise the rate of participation from the grass-root level is predicted to boost the growth of the sports gun market globally. Sports guns have been gaining a significant market share through the recreational shooting segment and are expected to boost the demand for sports guns during the forecast period.
- The COVID-19 outbreak disrupted the sporting schedule and affected some of the 2020s most significant events, which, in turn, also hampered the market for sports guns on a large scale through such events.
- In the initial phase of covid-19, major international sporting events were canceled or delayed due to the outbreak, including the Tokyo Olympics and Paralympics, The World Cup in rifle/pistol, and the Junior World Championship for rifle, pistol, and shotgun.
- As the COVID-19 cases were decreasing in the mid of 2021, several sports games and events that were delayed were held by maintaining proper COVID-19 restrictions. In 2021 ISSF Junior World Championships was held in Lima, Peru, for Pistol, Rifle, and Shotgun, Tokyo 2020 Paralympic Games were held in 2021, and several other sports games and events appeared this year which is expected to accelerate the growth of the sports gun market globally.
Sports Gun Industry Segmentation
A sporting gun can be defined as a non-lethal weapon that consists pistol, rifle, and shotgun, and it is being utilized for recreational and competitive shooting purposes.
The global sports gun market is segmented by product type, distribution channel, and geography. Based on product type, the market is segmented into rifles, pistols, and shotguns. By distribution channel, the market is segmented into offline retail stores and online retail stores. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| By Product Type | |
| Rifle | |
| Pistol | |
| Shotgun |
| By Distribution Channel | |
| Offline Retail Stores | |
| Online Retail Stores |
| Geography | ||||||||
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Sports Gun Market Size Summary
The global sports gun market is experiencing a positive trajectory, driven by the increasing popularity of shooting sports in international competitions like the Olympics and Commonwealth Games. This trend is further supported by grassroots initiatives encouraging participation among students in schools and colleges. The market is also benefiting from the recreational shooting segment, which is expected to sustain demand over the forecast period. Despite the initial setbacks caused by the COVID-19 pandemic, which led to the postponement of major sporting events, the subsequent resumption of these events has contributed to the market's recovery and growth. The appeal of shooting sports, known for enhancing physical discipline and focus, continues to drive consumer interest and demand for sports guns globally.
In the Asia-Pacific region, the sports gun market is gaining momentum due to increased participation in regional sports events and a growing interest in shooting sports. Countries like Japan and India are witnessing a rise in demand for sports guns, supported by initiatives and cultural interest in shooting sports. The market is characterized by intense competition, with key players like Sturm, Ruger & Co. Inc., American Outdoor Brands Inc., and Beretta Holding actively expanding their product offerings and enhancing product quality through innovation and strategic acquisitions. These companies are leveraging advanced distribution networks and manufacturing expertise to strengthen their market presence and cater to the diverse needs of sports enthusiasts worldwide.
Sports Gun Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Rifle
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2.1.2 Pistol
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2.1.3 Shotgun
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2.2 By Distribution Channel
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2.2.1 Offline Retail Stores
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2.2.2 Online Retail Stores
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Italy
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East and Africa
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Sports Gun Market Size FAQs
What is the current Sports Gun Market size?
The Sports Gun Market is projected to register a CAGR of 6.38% during the forecast period (2024-2029)
Who are the key players in Sports Gun Market?
Sturm, Ruger & Co., Inc., American Outdoor Brands Corporation, Remington Arms Company, LLC. , Carl Walther GmbH and Beretta Holding are the major companies operating in the Sports Gun Market.
