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Sporting Guns Market: Booming Participation in Sporting Events Raises Revenue

02-06-2018 07:36 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Sporting Guns Market: Booming Participation in Sporting Events

Transparency Market Research states that the companies design, manufacture, and sell products that will have innovative technologies. “Strum, Rugner & Co. is focused on developing sporting guns with lean methodologies for effective fulfillment of the demand,” states the lead author of this research report.

According to the research report, the global sporting guns market is expected to be worth US$2.3 bn by the end of 2024 as compared to US$1.6 bn in 2015. During the forecast years of 2016 and 2024, the global market is anticipated to progress at a CAGR of 3.9%.

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Demand for Competitive Shooting Guns Rises with Sporting Events

Geographically, North America is projected to lead the global market as the region is estimated to account for a share of 49.3% by the end of 2024. The expansion of North America sporting guns market will be attributable to the booming rise of participation in a wide range of sporting events that use sporting guns. This trend is also expected to impact the sales of competitive shooting guns, which are projected to skyrocket in the coming years.

Benefits of Shooting as a Sport Coax Many to Invest in Sporting Guns

The growing participation in competitive sports such as the Olympic Games has augmented the demand for sporting guns in recent years. The rise of several games that involving shooting are anticipated to play an integral part in the growth of the global market. Games such as paintball shooting are also adopting sporting gun or recreational guns. The rising awareness about benefits of participating in shooting games such as improved concentration, enhanced eyesight, and sharpened focus and precision is also coaxing several people to take up shooting as a sport.

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The growing popularity of shooting games across Western Europe and North America have provided an international platform for several participants. The sheer difficulty of the sport has created a demand for technologically sound products that are designed with unmatched logic and perfect mathematical calculations. Analysts anticipate that the growing inclination toward shooting as a sport is likely to stir a prolific demand for sporting guns during the forecast period.

Stringent Hunting Laws to Inhibit Market

The global market is being restrained by the increasing cost of manufacturing and the high cost of components that are being used in making sports guns. This has sorely discouraged the shooting community in the Middle East, Japan, and Korea. The demand for sporting guns are also severely dropped in several developing economies in recent years as importing them means paying high tariff rates and manufacturing them means incurring huge expenses.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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Albany, NY 12207
Tel: +1-518-618-1030
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Email: sales@transparencymarketresearch.com
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