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Pulished Date February, 2021
ID: 10984
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Sports Gun Market Size, Share, Trends and Growth Analysis Report – Segmented by Type (Rifles, Pistols, Shotguns) and by Region - Industry Forecast of 2021 to 2026

Pulished: February, 2021
ID: 10984
Pages: 175

Sports Gun Market Share Size, Growth, and Forecast 2026:

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:

  • In March 2019, AMMO, Inc. announced that it had completed the acquisition of the cash register business of Jagemann Sporting Groups based in Wisconsin, USA. This acquisition will feature an improved manufacturing and production mix that should have a better impact on your product sales. This acquisition should help establish an established leader in munitions.
  •  In January 2019, Federal Ammunition announced the launch of its 2019 product line, including a number of new ammunition lines, while several older products have been retained. All products have been enhanced according to their packaging and color scheme, promoting greater commercial appeal. The products have been designed for hunting, sports/recreation, personal protection and various other uses.

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.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021-2026

Base Year

2021

Forecast Period

2021-2026

CAGR

10.3%

Segments Covered

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

Regions Covered

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

Sports Gun Market Segmentation:

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.

Competitive Landscape:

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.

Key Players:

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.

Impact of COVID-19 on the Sports Gun Market:

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. Introduction                                

               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                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               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         

                              5.1.2 Products/Service   

                              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                 

                              6.1.1 Rifles         

                              6.1.2 Pistols       

                              6.1.3 Shotguns  

  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              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Type     

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Type     

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Type     

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Type     

               7.6 Middle East and Africa                           

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Type     

8. Key Player Analysis                                   

               8.1 Dick's Sporting Goods                            

                              8.1.1 Business Description            

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments         

                              8.1.6 Analyst Overview  

               8.2 Beretta                        

               8.3 Browning International S.A                  

               8.4 Colt’s Manufacturing Company, LLC                 

               8.5 Howa Machinery, Ltd                            

               8.6 Glock, Inc                   

               8.7 Hatsan                         

               8.8 Remington Arms Company, LLC                         

               8.9 Sig Sauer                     

               8.10 Walther Arms, INC                

9. Market Outlook & Investment Opportunities                                  

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the regions that are still untapped
  • The Segment-level analysis in terms of By Fish Processing category, Application, Source, Species, Equipment and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Sports Gun Market By Region, From 2021-2026 ( USD Billion )
  2. Global Sports Gun Market By Type, From 2021-2026 ( USD Billion )
  3. Global Rifles Market By Region, From 2021-2026 ( USD Billion )
  4. Global Pistols Market By Region, From 2021-2026 ( USD Billion )
  5. Global Shotguns Market By Region, From 2021-2026 ( USD Billion )

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