Press release
Sports Gun Market 2026 Trends: Expected to Grow at a CAGR of 4.1% from 2024 to 2033, Claims AMR
Drivers, restraints, and opportunities-
Great advances in sports guns, upsurge in women participants, and rise in aspiring new shooters drive the growth of the global sports gun market. However, strict government regulations for sale and purchase of the sports gun and mass shooting and gun violence among youngsters hinder the market growth. On the other hand, rise in popularity of the shooting sports and increase in preference of sports as careers in youth are anticipated to offer new opportunities in the coming years.
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The pistol segment to maintain its lead status-
Based on gun type, the pistol segment accounted for nearly two-fifths of the global sports gun market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to increase in participation in pistol shooting and rise in popularity of the cowboy mounted shooting. However, the rifle segment is estimated to portray the highest CAGR of 10.3% from 2020 to 2027. The growing popularity of the modern sporting rifles that are used by hunters, competitors, civilians drives the growth of the segment.
The competitive shooting segment to maintain its leadership position-
Based on applications, the competitive shooting segment contributed to the highest market share with more than half of the global sports gun market in 2019, and is estimated to maintain its leadership position during the forecast period. This is due to the rise in participation and considerable investment of time and money in various levels of shooting competitions across the globe. However, the recreational sports segment is estimated to generate the fastest CAGR of 10.6% from 2020 to 2027. This is attributed to its benefits such as improved physical fitness, mental health, quality of life, fun, and social involvement.
North America is anticipated to dominate the market by 2027-
Based on region, North America accounted for the highest share based on revenue, holding for more than half of the global sports gun market in 2019, and is projected to maintain its dominant position throughout the forecast period. This is due to the increasing number of civilian with legal firearms and growing popularity of the shooting sports in this region. However, Asia-Pacific is estimated to generate the fastest CAGR of 12.0% from 2020 to 2027. This is attributed to the initiatives taken by emerging economies such as China and India by launching schemes to promote shooting sports.
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Leading market players
Abercrombie & Kent USA
Classic Journeys
G Adventures
Greaves Travel
India Food Tour
ITC Travel Group Limited
The FTC4Lobe Group
The Travel Corporation
Topdeck Travel
Tour Radar.
Key Findings of the Study:
The sports gun market size was valued at $2.4 billion in 2019 and is estimated to reach $2.8 billion by 2027, growing at a CAGR of 9.7% during the forecast period.
By gun type, pistol segment is estimated to witness the fastest growth, registering a CAGR of 10.2% during the forecast period.
By application, the competitive shooting segment held the highest share in 2019 accounting for 54.50% of the global sports gun market share.
In 2019, U.S. was the most prominent market in the North America region and is expected to grow at a significant CAGR throughout the forecast period.
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Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the sports gun market analysis from 2024 to 2033 to identify the prevailing sports gun market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the sports gun market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global sports gun market trends, key players, market segments, application areas, and market growth strategies.
Know More- https://www.alliedmarketresearch.com/sports-gun-market-A06371
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.
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