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Gun and Accessories Market is expected to grow at a CAGR of 6.1% within the forecast period of 2023-2030: Cognitive Market Research
Gun and Accessories Market is expected to grow at a CAGR of 6.1% within the forecast period of 2023-2030: Cognitive Market Researc
A firearm is a portable barrelled weapon that is designed to expel a shot, projectile, or bullet by the action of an explosive. There are several types of firearms available in the market such as rifles, handguns, shotguns, machine guns, and submachine guns. These weapons are majorly used for defense, sports shooting, self-defense, hunting, law enforcement, and others. The firearm includes different accessories such as slides or cylinders, barrels, kits, parts, magazines, grips, and others. The major factors responsible for the gun and accessories industry's growth are cross-border conflicts, geopolitical tensions, and rising demand for competitive shooting and sports shooting. In recent years, increased use of firearms has been observed for law enforcement, military, and commercial applications. Therefore, firearms manufacturers are engaged in developing and launching different types of firearms to attract more customers and expand their footprints across the globe.
Summary:
The Global Gun and Accessories market was valued at USD 7.53 Billion in 2022, registering a CAGR of 6.1% for the forecast period 2023-2030.
Market Dynamics:
• The growing popularity of shooting sports is driving the market growth
The participation of people in shooting sports activities such as target shooting, competitive shooting, and hunting is gaining popularity due to the increased accessibility of shooting sports to a wider range of individuals, and the inclusion of shooting sports in the Olympic Games. In addition to this, the increasing exposure of these sports through media inspired individuals to explore shooting sports. With the increasing popularity of shooting sports, the demand for guns and accessories is rising globally. Sports guns are specifically non-lethal weapon which includes handguns, rifles, shotguns, and others. In the United States, the sale of sports firearms has increased from 2017 to 2022 owing to concerns regarding personal security and self-defense, the increasing popularity of shooting sports, and recreational hunting.
• Rising violent activities are anticipated to boost the growth of the global guns and accessories market (Access Detailed Analysis in the Full Report Version)
• Increasing awareness regarding personal safety and self-defence is accelerating the market growth (Access Detailed Analysis in the Full Report Version: https://www.cognitivemarketresearch.com/gun-and-accessories-market-report)
Market Segmentation:
Type:
• Pistols
• Rifles
• Machine guns
• Carbines
• Others
Application:
• Hunting
• Sport shooting
• Self-defense
• Law enforcement
• Professional markets
• Others
End User:
• Law Enforcement
• Competitive Sports
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Competitive Analysis for Gun and Accessories Market:
• Fabbrica d'Armi Pietro Beretta S.p.A.
• Fn Herstal (Fabrique Nationale Herstal)
• General Dynamics Corporation
• Heckler & Koch GmbH
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Remington Outdoor Company
• Savage Arms Inc
• Sturm Ruger & Co. Inc.
• Taurus International Manufacturing Inc
Company Profile:
• Sturm, Ruger & Co. Inc.
Sturm, Ruger & Co., Inc. is a U.S.-based company engaged in the manufacturing of rugged, reliable firearms for the commercial sporting market. Furthermore, the company manufactures and sells accessories and replacement parts for its firearms. The company operates its business into two operating segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding parts.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Gun and Accessories Market
• 3.1 Global Gun and Accessories Market Size 2018 - 2030, (USD Million)
• 3.2 Global Gun and Accessories Value, Absolute & Opportunity Analysis
• 3.3 Global Gun and Accessories Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Gun and Accessories Market Statistics 2022: Snapshot
Chapter 4 Global Gun and Accessories Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Gun and Accessories Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Gun and Accessories Industry Mergers and Acquisition Analysis
• 5.3 Global Gun and Accessories New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Gun and Accessories Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Gun and Accessories Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Gun and Accessories Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Gun and Accessories Market by End User Segmentation Analysis (2018-2030)
Chapter 12 Global Gun and Accessories Market Regional Analysis
Chapter 13 North America Gun and Accessories Market Outlook (2018 - 2030)
Chapter 14 Europe Gun and Accessories Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Gun and Accessories Market Outlook (2018 - 2030)
Chapter 16 Latin America Gun and Accessories Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Gun and Accessories Market Outlook (2018 - 2030)
Chapter 18 Research Findings
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To know more the Gun and Accessories Market TOC click here: https://www.cognitivemarketresearch.com/gun-and-accessories-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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