Shooting And Gun Accessories Market: Outlook, Size, and Trends for 2024-2033 - Analyzing Growth and Demand

"The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Shooting And Gun Accessories Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The shooting and gun accessories market size has grown strongly in recent years. It will grow from $7.13 billion in 2023 to $7.62 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to military and law enforcement demand, sports shooting trends, media influence, online retail growth, educational initiatives.

The shooting and gun accessories market size is expected to see strong growth in the next few years. It will grow to $10.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to climate and environmental concerns, global security threats, e-commerce expansion, increased urbanization, social media influence. Major trends in the forecast period include rise of smart accessories, subscription-based models, innovations in materials, augmented reality (AR) integration, health and fitness integration.

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Key Market Players:

Major companies operating in the shooting and gun accessories market report are Beretta Holding S.p.A., Remington Arms Company LLC, Smith & Wesson Brands Inc., SIG SAUER Inc., Sturm Ruger & Co Inc., Taurus International Manufacturing Inc., Fabrique Nationale Herstal, Fabbrica d'Armi Pietro Beretta SpA, Heckler & Koch GmbH, Colt's Manufacturing Company, AMERICAN OUTDOOR BRANDS INC., O.F. Mossberg & Sons lnc., Hatsan Arms Company, Browning Arms Company, Kimber Mfg. Inc., Umarex USA, Savage Arms lnc., Glock Ges.m.b.H., Barrett Firearms Manufacturing Inc., Daisy Outdoor Products lnc., Feinwerkbau GmbH, Daniel Defense Inc., Gamo Outdoor S.L.U, H-S Precision Inc., Benelli Armi SpA, ahg-Anschütz Handels GmbH, ArmaLite Inc., Weihrauch & Weihrauch Sport GmbH & Co KG, Webley & Scott, Les Baer Custom Inc., LWRC International LLC, Nighthawk Custom, Wilson Combat, Ed Brown Products Inc., STI International Inc., Magnum Research Inc.

Market Drivers:

A rise in territorial activities throughout the world is expected to propel the growth of the shooting and gun accessories market going forward. Guns and accessories are used for a variety of purposes, such as self-defense, law enforcement, hunting, sports shooting, and others. The rise in territorial activities throughout the world will drive the demand for shooting and gun accessories that support the growing territorial activities. For instance, in June 2022, according to a report published by the United Nations High Commissioner for Refugees, a Switzerland-based agency of the UN tasked with assisting and defending refugees, globally, 89.3 million people were displaced from their homes by the end of 2021 because of war, violence, fear of persecution, and human rights violations. This is the highest number since World War II and more than double the 42.7 million individuals who were still forcibly displaced a decade ago. More than doubling from 10.5 million a decade ago, the number of refugees climbed during the year, to 21.3 million at the end of 2021. Therefore, the rise in territorial activities throughout the world will fuel the growth of the shooting and gun accessories market.

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The shooting and gun accessories market covered in this report is segmented -

1) By Type: Air Rifle, Air Pistol, Other Types
2) By Distribution: Online, Offline
3) By End-Use: Law Enforcement, Competitive Sports

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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