Sports Gun Global Market Expected to Reach $3.15 Billion By 2028 with CAGR of 6.2% | Crosman Corporation, Beretta Holding S.A., Howa Machinery Ltd., Olympic Arms Inc., Herstal SA Ltd.

The Sports Gun Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Sports Gun Global Market Report 2024, The sports gun market size has grown strongly in recent years. It will grow from $2.33 billion in 2023 to $2.48 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%.  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 $3.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.  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.

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 covered in this report is segmented –
1) By Type: Pistols, Revolvers, Rifles, Machine Guns, Shotguns, Carbines, Other Types
2) By Materials: Steel, Aluminium, 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

Technological advancements are the key trends gaining popularity in the sports gun market. Major companies operating in the sports gun market are focused on using advanced technologies to sustain their position in the market. For example, 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. Ergonomic checkering on the forend guarantees a more secure hold and instinctive pointing, and its revised firing cap permits the insertion of aftermarket weights for improved gun balance. 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.

The sports gun market report table of contents includes:
1. Executive Summary
2. Sports Gun Market Characteristics
3. Sports Gun Market Trends And Strategies
4. Sports Gun Market – Macro Economic Scenario
5. Global Sports Gun Market Size and Growth
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31. Global Sports Gun Market Competitive Benchmarking
32. Global Sports Gun Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Sports Gun Market
34. Sports Gun Market Future Outlook and Potential Analysis
35. Appendix

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