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Sports Gun Market - Opportunity, Growth and Forecast By End-use Industry 2016-2024
A sports gun is defined as a non-lethal or less-lethal rifle, pistol, handgun or shotgun intended for competitive and recreational shooting, recreation, and hunting purposes. These guns are increasing in popularity owing to the surge in participation of emerging and developing economies in global shooting events. The global market is projected to grow in the near future.Get an exclusive sample of this report @
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Global Sports Gun Market: Drivers and Trends
The strong growth in competitive shooting is driving the growth of the sports gun market. Sports guns are manufactured in large varieties, each differing from another on the basis of power source, barrel, propellant, projectile, ammunition, calibers, technology, cutting type, or legality in various countries across the world. A sports gun is relatively lighter and more compact than the other gun types; hence it is much easier to carry around. In addition, progress in end use industry applications is supporting the market currently.
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Due to the surging participation in global sporting events from the emerging economies, the sports gun market is expected to witness growth and development in the coming years. In spite of this, manufacturing of these guns is consolidated, and concentrated in a few regions all over the world. Hence, there is an ever-escalating competition among the key players in the global sports gun market. High incidence of mergers and acquisition among these market leaders has resulted into increase in sales thus driving the global sports gun market. Further strategies adopted by these organizations to improve their product portfolio and strengthen global presence include long run contracts, and offering innovative products.
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They also concentrate on investment of substantial amount of their net sales on research and development, for the introduction of smaller sports guns with reduced weight, longer firing range, and greater accuracy levels. The value chain network of the global sports gun market consists of producers, distributors, and certain end-user industries.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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