Sports Gun Market Share 2024: Global Trends, Key Players, Industry Analysis and Forecast to 2031

The global sports gun market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. One of the core factors that is driving the market is the increasing participation of the population in various shooting sports across the globe. Shooting sports had been in society for centuries, and have been spreading across the globe. There are multiple shooting games now that have been participated by numerous players. 6 shooting events executed at the 2018 Summer Youth Olympics which was 4 at the 2014 Summer Youth Olympics. The games are highly competitive, and popular among the people which has increased the demand for sports guns with rising participation.

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Impact of COVID-19 Pandemic on Global Sports Gun Market

COVID-19 pandemic impacted most of the sports goods industries including sports guns. The spread of the virus restricted people from gathering events further impacting national and international sports events such as Tokyo Olympics and Paralympics, The World Cup in rifle/pistol, and the Junior World Championship for rifle, pistol, and shotgun, which in turn decreased the demand for sports guns. However, the market bounced back in the mid of 2021 owing to the decreased numbers of COVID-19 cases numerous sports events and games delayed earlier were held by continuing proper COVID-19 restrictions. For instance, in 2021, ISSF Junior World Championships were organized in Lima, Peru for Rifle, Pistol, and Shotgun. Furthermore, Tokyo 2020 Paralympic Games were also organized in 2021 and numerous other sports events and games appeared in that year which is projected to fuel the growth of the sports gun market, globally.

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Segmental Outlook

The global sports gun market is segmented based on product type and distribution channel. Based on the product type, the market is segmented into rifles, pistols, and shotguns. Based on the distribution channel, the market is sub-segmented into gun stores, sporting goods stores, and online. The above-mentioned segments can be customized as per the requirements. Based on product type, the pistol segment is expected to grow significantly in the market while based on distribution channels, online channel to grow significantly during the forecast period.

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