The Business Research Company’s report on the Sports Gun Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the sports gun market’s growth in recent years?
Increasing participation in shooting sports across the globe is expected to propel the growth of the sports gun market going forward. Shooting sports refer to a sport in which shooting showcases the shooter’s precision, control, and speed when aiming at targets with weapons such as pistols and rifles. Shooting sports are attributed to a growing awareness of firearm safety, enhanced access to training programs, and the rise of competitive shooting events that promote community engagement and participation. Shooting sports significantly contribute to the growth of the sports gun sector by driving heightened demand for firearms and accessories through promotional activities, improved accessibility, and community involvement, which in turn encourages manufacturers to innovate and expand their product lines. For instance, according to the 2023 Special Report on Hunting of Outdoor Industry Association, a US-based non-profit organization management, in 2022, approximately 14.7 million Americans participated in hunting at least once using a bow or a firearm. This marked a 1% increase in hunting participation compared to 2021. Therefore, increasing participation in shooting sports across the globe is driving the growth of the sports gun market.
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How does the future projection of the sports gun market size compare to its historical growth?
The sports gun market size has grown strongly in recent years. It will grow from $2.43 billion in 2024 to $2.57 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to cultural heritage, military influence, safety and reliability, global conflicts, sports industry evolution, increased participation in shooting sports.
The sports gun market size is expected to see strong growth in the next few years. It will grow to $3.33 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to youth engagement and outreach, environmental and sustainability concerns, cultural and recreational shifts, adoption of modular designs, focus on training and skill development. Major trends in the forecast period include marketing and branding strategies, customization and personalization, competitive shooting events, modularity and versatility, innovation in materials,.
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Which key players are shaping the future of the sports gun market?
Major companies operating in the sports gun market are American Outdoor Brands Corporation, J.G. Anschütz GmbH & Co. KG, Crosman Corporation, Sturm Ruger & Company Inc., Browning Arms Company, Beretta Holding S.A., Howa Machinery Ltd., Colt’s Manufacturing Company LLC, Carl Walther GmbH S, Olympic Arms Inc., Herstal SA Ltd., Remington Arms Company LLC, Creedmoor Sports Inc., BRS Outdoor Sports Holdings LLC, Smith & Wesson Brands Inc., L&O Holding GmbH & Co. KG, Glock Inc., Savage Arms Inc., FN America LLC, Kimber Mfg Inc., Taurus International Manufacturing Inc., Kel Tec CNC Industries Inc., SCCY Industries LLC, Springfield Inc., Maverick Arms Inc., Diamondback Firearms LLC, Century International Arms, Hi-Point Firearms, Radical Firearms LLC, Mossberg & Sons Inc.
What trends will propel the growth and evolution of the sports gun market?
Major companies operating in the sports gun market are focusing on introducing innovative products such as semi-automatic shotgun to enhance shooting performance, improve user experience. A semi-automatic shotgun is a type of shotgun that automatically chambers the next round after firing, allowing the shooter to fire multiple rounds in quick succession without manually reloading between shots. For instance, in January 2022, Beretta, an Italy-based firearms manufacturing company, launched the A400 Xcel Sporting with Beretta’s Steelium barrel technology. With a cross-tube gas piston, Beretta’s ultrafast BLINK gas operating technology on the A400 Xcel enables 36% faster cycling than its rivals. The A400 Xcel Sporting features a larger grip and Beretta’s Kick-Off recoil reduction system, which improves stability, comfort, and control for quicker target acquisition.
Which regions are expected to become dominant players in the sports gun market?
North America was the largest region in the sports gun market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sports gun market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the sports gun market, and how are they evolving?
The sports gun market covered in this report is segmented –
1) By Type: Pistols, Revolvers, Rifles, Machine Guns, Shotguns, Carbines, Other Types
2) By Materials: Steel, Aluminum, Polymer, Other Materials
3) By Caliber Type: 0.38 Caliber, 0.38 Special, 12 Gauge, 9 mm
4) By Distribution: Gun Stores, Sport Goods Stores, Online, Other Distributions
5) By Application: Training And Demonstration, Recreational Sports
Subsegments:
1) By Pistols: Semi-Automatic Pistols, Single Action Pistols, Double Action Pistols
2) By Revolvers: Single Action Revolvers, Double Action Revolvers
3) By Rifles: Bolt-Action Rifles, Semi-Automatic Rifles, Lever-Action Rifles, Pump-Action Rifles
4) By Machine Guns: Light Machine Guns, Heavy Machine Guns
5) By Shotguns: Pump-Action Shotguns, Semi-Automatic Shotguns, Break-Action Shotguns
6) By Carbines: Semi-Automatic Carbines, Bolt-Action Carbines
7) By Other Types: Air Guns, Paintball Guns, BB Guns
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How is the sports gun market defined?
A sports gun is a type of firearm specifically designed for hunting and competitive shooting sports. These weapons prioritize precision engineering to ensure accuracy and safety, catering to the unique needs of sports enthusiasts. Sports guns often feature advanced materials and technologies that enhance performance, reliability, and the overall shooting experience, making them suitable for various shooting disciplines.
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