Global Sports Gun Market was valued at $ 3.4 billion in 2021 and is expected to grow to $ 4.3 billion, registering a CAGR of 10.3% from 2021 to 2026
Sporting firearms are non-lethal weapons that use metal tubes to fire bullets, pellets, artillery projectiles, darts, or arrows with explosive force or compressed air. These weapons are mainly used in sporting events such as rifle shooting, target shooting, and pistol shooting. In addition to competitive sports, sporting weapons are also used recreationally for hunting and paintball. Sadly, hunting guns have the ability to harm or damage life, which has become the reason for their sales to decline in recent years.
Sports Gun Market Growth:
People are increasingly participating in shooting sports due to the various associated benefits, such as better physical discipline, concentration, and sharpening of eyesight. In addition, the increasing participation of schoolchildren and students in shooting sports nationwide is expected to increase the market for sports guns in the coming days.
Recent Developments and Trends:
Sports Gun Market Drivers:
The global sports gun market is expected to experience significant growth during the outlook period. Sports weapons can be characterized as shotguns, rifles, and pistols. These weapons are becoming increasingly popular due to the rising participation of developing countries in shooting events. Shooting games are gaining popularity in the Olympic and Commonwealth Games. Also, the emerging concern for the paralyzed and the growing stimulus to participate in-game events is creating more demand for the Paralympic Games globally. Therefore, the Paralympic Games and Olympics are supposed to boost the sports guns market with increased market share. These games are very popular in the United States and the trend is gradually becoming popular in developing regions that are boosting the sporting guns market. The health benefits associated with shooting sports increase the demand for such events around the world. Additionally, sporting weapons are used for training purposes, which also contributes to the demand in this market.
Sports Gun Market Restraints:
The main concern is that the use of all types of firearms for civilians is prohibited in many states in the United States and Canada, which are expected to resist the growth of sports guns to some extent.
Market Size Available
Rifles, Pistols, Shotguns
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Goods, American Outdoor Brands, Beretta, Browning International S.A., Colt’s Manufacturing Company, LLC, Crosman Corporation, Howa Machinery, Ltd
The world market for sports guns is segmented according to types into three main weapons widely used in competition:
Rifles- They are guns with long barrels and rifled holes. They are generally long and require a two-handed grip. Popular shooting games that use this type of weapon are the small caliber four positions, gallery rifle shooting, bench shooting, high powered rifle (also known as Across the Course), biathlon (a combination shooting and cross country skiing), cannon target shooting (ranges are 300 to 1200 meters), target shooting (most popular in the UK) and many more.
Pistols- These are small in size, used at shorter ranges, and have lower accuracy compared to rifles. They are designed for one-handed use. Popular shooting games include the modern pentathlon in which it involves a timed shot with an air pistol. Then comes the filming of the silhouette. The goal is to hit all the metal targets placed at different distances. It is marked in the number of goals achieved.
Shotguns- These are firearms that are smooth double-barrel long guns. Most of the time they are intended for pumping or single shot and reload action. Cowboy shooting and practice shooting generally use a shotgun. They are most popular in countries where pistols are banned.
Sports Gun Market Regional Analysis:
Geographically, the world market for sports guns is segmented into North America: the United States and Canada, Latin America: Mexico, Brazil, Peru, Chile and others, Western Europe: Germany, England, France, Spain, Italy, Nordic countries, Belgium, Netherlands and Luxembourg, Eastern Europe: Poland and Russia, Asia-Pacific: China, India, Japan, ASEAN, Australia and New Zealand, Middle East and Africa: GCC, South Africa, and North Africa.
North America and Europe represent the largest market share of sporting guns and are foreseen to experience a constant demand for sporting arms due to constant participation in shooting events. The Asia-Pacific region is determined to experience high growth in sporting weapons during the forecast period from 2021 to 2026 with maximum market share. This is due to growing public awareness of the importance of sport, government funding, awareness events, and the development of sports infrastructure. The Middle East and Africa is also growing in economic terms, increasing their share of shooting games and thus greatly boosting the market for sporting guns. Major players in the global sporting arms market include Olympic Arms, Legacy Sports International, LaserMax, Sturm, Ruger and Company, and others.
The market for sporting weapons products is highly competitive, with the presence of several international and regional players. Players are also focused on expanding the product portfolio by understanding the different requirements of sports players, therefore, they are launching various sports weapons, to attract a large segment of people. For example, in December 2017, Sturm, Ruger & Company launched 3 new models, the Mark IV 22/45 Lite model, as well as the Mark IV Hunter and Target models from the Ruger Mark IV family of rim shooting pistols. Howa Machinery Ltd, Sturm, Ruger & Co. Inc. and Herstal SA are the main players in the market.
Major competitors currently working in the global sports gun market are Dick's Sporting Goods, American Outdoor Brands, Beretta, Browning International S.A., Colt’s Manufacturing Company, LLC, Crosman Corporation, Howa Machinery, Ltd., Miroku Firearms Mfg. Co., Glock, Inc., O.F. Mossberg & Sons, Inc., Hatsan, Remington Arms Company, LLC, Savage, Shaoxing Snowpeak Air Gun Factory, Sig Sauer, Sturm, Ruger & Co., Inc., Taurus International Manufacturing, INC., Umarex GmbH & Co. KG, Kahr, Webley&Scott, Walther Arms, INC., Creedmoor Sports Inc., German Sport Guns GmbH, J.G. Anschütz GmbH & Co. KG, Olympic Arms and Legacy Sports International among others.
During the coronavirus pandemic, all countries in the world have banned all sports activities, which has impacted the market for sports guns. Investors have withheld funding for major sporting weapons manufacturing companies during the new COVID-19 outbreak. Demand for outdoor sports accessories, including sports guns, has been reduced. Also, supply chain disruptions have affected the market to some extent.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Sports Gun Market, By Type
6.1.4 Market Size Estimations & Forecasts (2021-2026)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021- 2026)
7.2.1 By Country
7.2.2 By Type
7.3.1 By Country
126.96.36.199 Rest of Europe
7.3.2 By Type
7.4 Asia Pacific
7.4.1 By Country
188.8.131.52 South Korea
184.108.40.206 South East Asia
220.127.116.11 Australia & NZ
18.104.22.168 Rest of Asia-Pacific
7.4.2 By Type
7.5 Latin America
7.5.1 By Country
22.214.171.124 Rest of Latin America
7.5.2 By Type
7.6 Middle East and Africa
7.6.1 By Country
126.96.36.199 Middle East
7.6.2 By Type
8. Key Player Analysis
8.1 Dick's Sporting Goods
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.3 Browning International S.A
8.4 Colt’s Manufacturing Company, LLC
8.5 Howa Machinery, Ltd
8.6 Glock, Inc
8.8 Remington Arms Company, LLC
8.9 Sig Sauer
8.10 Walther Arms, INC
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures