Sports Gun Market Size 2022 | Worth US$ 3.06 Billion by 2027 | Growth Rate (CAGR) of 6.30% | IMARC Group

The latest research study "Sports Gun Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" the global sports gun market size reached US$ 2.11 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.06 Billion by 2027, exhibiting a growth rate (CAGR) of 6.30% during 2022-2027.

A sports gun refers to a subdivision of a non-lethal pistol or firearm that is specially designed for specific and sanctioned sporting events, such as commercial or amateur hunting and target shooting. It includes rifles, shotguns, pistols, etc., which differ from each other based on barrel technology, projectile, propellant, cutting type, caliber, etc. Sports gun is manufactured from various materials, such as plastic, copper, tin, aluminum, zinc, wood, etc. Compared to lethal firearms, including Rheinmetall MG 3, Uzi, AK-47, M4 carbine, etc., it is more comfortable, lighter, easy to use, etc. Consequently, a sports gun is extensively utilized in recreational sports and competitive shooting games to enhance competence and eye coordination, boost physical strength, improve endurance and stamina, etc. In line with this, it is widely available across sporting goods stores and online channels.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Sports Gun Market Trends and Drivers:

The growing participation in high-power rifle, popinjay, skeet shooting, skirmish, cowboy action shooting games, etc., by the millennial population is among the primary factors driving the sports gun market. Besides this, the rising investments in prominent sporting events, including the Commonwealth, Olympics, and Asia games, are propelling the demand for shotguns, which is further augmenting the market growth. Moreover, the inflating popularity of sports guns in numerous academies that provide proper training to individuals who are interested in national-level shooting games is also catalyzing the global market. Apart from this, the introduction of firearms with enhanced efficacy by the key market players is acting as another significant growth-inducing factor. Furthermore, the widespread adoption of pistols as a preferred non-lethal tool over rifles, owing to their easy-to-fire solution and convenience, is expected to bolster the sports gun market in the coming years.

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Sports Gun Market Report Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• American Outdoor Brands Inc.
• Beretta Holding S.p.A.
• Browning Arms Company (Herstal Group)
• Carl Walther GmbH
• Colt's Manufacturing Company LLC (Colt Defense)
• Dick's Sporting Goods Inc.
• German Sport Guns GmbH (L&O Hunting Group GmbH)
• Howa Machinery Ltd.
• J. G. Anschütz GmbH & Co. KG
• Remington Arms Company LLC (Remington Outdoor Company)
• Smith & Wesson Brands Inc. and Sturm Ruger & Company Inc.

The report has been segmented the market into following categories:

Breakup by Gun Type:
• Rifle
• Pistol
• Shotgun

Breakup by Application:
• Competitive Shooting
• Recreational Sports

Breakup by Distribution Channel:
• Gun Stores
• Sporting Goods Stores
• Online
• Others

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Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.