The Business Research Company’s Sports Gun Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Sports Gun Global Market Report 2023 evaluates sports gun market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global sports gun market size is expected to grow from $2.21 billion in 2022 to $2.39 billion in 2023 at a compound annual growth rate (CAGR) of 8.32%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sports gun market is expected to reach $2.94 billion in 2027 at a CAGR of 5.27%.
Increasing participation in shooting sports across the globe is expected to propel the growth of the sports gun market. Shooting sports refer to a sport in which shooting showcases the shooter’s precision, control, and speed when aiming at targets with weapons like pistols and rifles. The increasing interest in shooting sports would raise the demand for the sports guns that are used in the game. For instance, in September 2022, as per the article published by the Council To Advance Hunting And The Shooting Sport, 20 million Americans, or 6.7% of the population of the United States aged 6 and over, engaged in target shooting with weapons in 2020, whereas more than 30 million Americans aged 6 and over participated in hunting or target shooting at least once in 2021. Therefore, increasing participation in shooting sports across the globe is driving the growth of the sports gun market.
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The sports gun market segments in the report are:
1) By Type: Pistols, Revolvers, Rifles, Machine Guns, Shotguns, Carbines, Other Types
2) By Distribution: Gun Stores, Sport Goods Stores, Online, Other Distributions
3) By Materials: Steel, Aluminium, Polymer, Other Materials
4) By Caliber Type: 0.38 Caliber, 0.38 Special, 12 Gauge, 9 mm
5) By Application: Training And Demonstration, Recreational Sports
The table of contents in TBRC’s sports gun market report includes:
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