Increasing Hunting Enthusiasts are driving the Global Hunting Equipment and Accessory Market

The hunting equipment and accessory market is anticipated to grow at a CAGR of 7.4% during the forecast period (2025-2031). The market growth is driven by the increasing number of hunting enthusiasts, the growing trend for hunting trophy sports, and advancement in hunting accessories and equipment. The growing regulatory actions and imposition of the export ban on the hunting of reserved animal species are expected to challenge the market growth during the forecast period. The hunting equipment and accessory market is segmented by product (gun and rifle, archery, ammunition, auxiliary equipment, and others), by application (individual, and commercial), by distribution channel (supermarkets/hypermarkets, specialty stores, online platforms, and others), and geography (North America, Europe, Asia-Pacific, and the Rest of the World).

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Market Dynamics

The ammunition segment is projected to dominate the market during the forecast period, owing to the product advancements offered by market players in terms of material, quality, and technology. Additionally, the growing consumption of ammunition is contributing to the market growth.

The specialty store segment holds the largest market share, owing to the requirement of physical interaction and experience by buyers before purchasing the products, as such equipment needs to be tested, tried, or worn before purchase.

North America holds a dominant position owing to the wide acceptance of the hunting culture, pro-hunting government laws, and an abundance of hunting gear and accessory manufacturers such as include American Outdoor Brands Corp., and Dick's Sporting Goods, Inc. The adoption of hunting activities is greater in developing economies of the region, compared to the US.
The major companies serving the global hunting equipment and accessory market include American Outdoor Brands Corp., Beretta Holding SA, Dick's Sporting Goods, Inc., BPS Direct LLC and SPYPOINT, among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions contributing significantly to the market growth.

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