Air Gun Market to Witness Widespread Expansion by 2027 - Airforce Airguns, Carl Walther, Daisy Outdoor Products, Feinwerkbau

The global air gun market accounted for US$ 2,045.5 Mn in 2018 and is expected to grow at a CAGR of 8.2% over the forecast period 2019-2027, to account for US$ 3,897.0 Mn by 2027.

The global air gun market is experiencing a stable growth in the current scenario as well as anticipated to continue its growth in the forecast period. The market for air gun involves a number of tier1, tier2 and tier3 companies globally which capitalizes considerable amounts with an objective to design and manufacture air pistols and air rifles along with its accessories such as scopes, sights, mounts, binoculars, compressors, and others. The constant increase in the number of sporting events as well as the growing interest of civilians for animal hunting is paving the path for air gun market in the current scenario. Moreover, the air gun market is experiencing steady growth through strategic partnerships, new product development, collaborations, and strategic acquisitions to boost the air gun market

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The List of Companies - Air Gun Market
1. Airforce Airguns
2. Carl Walther GmbH
3. Daisy Outdoor Products Inc.
4. Feinwerkbau GmbH
5. GAMO OUTDOOR, S.L.U
6. Morini Competition Arm SA
7. Smith & Wesson
8. Sport Manufacturing Group Inc.
9. Sport Manufacturing Group Inc.
10. Velocity Outdoor Inc.

The dominance of North America in the global air gun market is since; the governments of the region are focusing heavily on the development of new rules and regulations for providing a license to an individual to use air gun for different purposes. The new generation of firearms is forcing some states to review their hunting rules and regulations. Primarily, some of the states majorly concentrated on airguns as it is usually to exclude the use of air gun for hunting game animals. This factor is heavily fueling the growth in the procurement of air pistols and air rifles in the country, which is catalyzing the growth of air gun market in North America substantially. Europe region held the second largest market share in the global air gun market in 2018, followed by APAC. The region conducts several numbers of sporting events every year, which includes shooting as one of the competitions. The global air gun market is fragmented with significant number of players operating across the globe, and over the years, the number of manufacturers is increasing. The increase in manufacturers is boosting the global air gun market by offering an increased number of products. The US and Europe have maximum congestion in terms of air gun manufacturers; however, the APAC region is also observing growth in the number of manufacturers in the current scenario.

The air gun market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East and Africa, and South America. The North America region holds the highest market share while, APAC region is projected to be the fastest-growing region as well in the coming years. The region organizes huge continental multi-sports events across various countries, such as China, South Korea, Australia, and India. These sports events create huge opportunity for air gun manufacturers to develop new and advanced air rifles and pistols to meet the requirement of players and help them achieve their targets. The growing interest of young generation toward shooting games is one of the significant driver for the growth of the air gun market in the region. Furthermore, favorable upsurge in the economic structure in many Asian countries has enhanced the military expenditure in recent years.

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Table of Content:

1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Air Gun - Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 Air Gun Market - North America PEST Analysis
4.3.2 Air Gun Market - Europe PEST Analysis
4.3.3 Air Gun Market - APAC PEST Analysis
4.3.4 Air Gun Market - MEA PEST Analysis
4.3.5 Air Gun Market - SAM PEST Analysis
5. Air Gun Market - Market Dynamics
5.1 Market Drivers
5.1.1 Growing Number of Sporting Events
5.1.2 Increasing Number of Air Gun Manufacturers and Online Distributors Across the Globe
5.2 Market Restraints
5.2.1 Increasing number of Stringent Regulation Regarding Possession of Air Guns
5.3 Market Opportunities
5.3.1 Escalating Demand of Air Rifles in APAC and MEA
5.4 Future Trends
5.4.1 Reduction in Prices of Air Gun in Developing Countries is Expected to Drive the Market
5.5 Impact Analysis of Drivers and Restraints
Continue.....

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