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Sports Gun Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A6570
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Market Overview:
The global sports gun market size reached US$ 2.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.
A sports gun represents a subdivision of a non-lethal firearm or pistol that is specially designed to be used in specific and sanctioned sporting events, including amateur or commercial hunting and target shooting. It includes rifle, pistols, and shotguns as some of the standard guns, which differ from each other based on propellant, barrel technology, projectile, cutting type, and caliber. These guns are manufactured from aluminum, plastic, copper, tin, zinc, and wood materials. As compared to lethal guns, such as AK-47, Rheinmetall MG 3, Uzi, and M4 carbine, sports gun are lighter, more comfortable, and easy to use. On account of these properties, they are utilized in competitive shooting games and recreational sports to boost physical strength, enhance competence and eye coordination, upsurge mental discipline, and improve endurance or stamina.
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Sports Gun Market Trends:
The increasing commercialization of sports guns as a recreational gaming tool and the extensive participation in various skeet shooting, high power rifle, popinjay, skirmish, and cowboy action shooting games by kids and youngsters are some factors primarily driving the market growth. In line with this, the ongoing investments in prominent sporting events, such as the Olympics, Commonwealth, and Asia games consisting of shooting games, are further supplying the demand for shotguns. Such firearms are used in diverse academies that provide proper training to individuals interested in national-level shooting games, which, in turn, is acting as another growth-inducing factor. Additionally, the escalating usage of the pistol as a preferred non-lethal tool over rifles and shotguns, owing to their convenience and easy-to-fire solution, is supporting the market growth. Apart from this, major mergers and acquisitions (M&A) amongst key players to innovate sport guns with enhanced efficacy and their availability across different distribution channels are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sports gun market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on gun type, application and distribution channel.
Breakup by Gun Type:
- Rifle
- Pistol
- Shotgun
Breakup by Application:
- Competitive Shooting
- Recreational Sports
Breakup by Distribution Channel:
- Gun Stores
- Sporting Goods Stores
- Online
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being American Outdoor Brands Inc., Beretta Holding S.p.A., Browning Arms Company (Herstal Group), Carl Walther GmbH, Colt's Manufacturing Company LLC (Colt Defense), Dick's Sporting Goods Inc., German Sport Guns GmbH (L&O Hunting Group GmbH), Howa Machinery Ltd., J. G. Anschütz GmbH & Co. KG, Remington Arms Company LLC (Remington Outdoor Company), Smith & Wesson Brands Inc. and Sturm Ruger & Company Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Gun Type, Application, Distribution Channel, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | American Outdoor Brands Inc., Beretta Holding S.p.A., Browning Arms Company (Herstal Group), Carl Walther GmbH, Colt's Manufacturing Company LLC (Colt Defense), Dick's Sporting Goods Inc., German Sport Guns GmbH (L&O Hunting Group GmbH), Howa Machinery Ltd., J. G. Anschütz GmbH & Co. KG, Remington Arms Company LLC (Remington Outdoor Company), Smith & Wesson Brands Inc. and Sturm Ruger & Company Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global sports gun market was valued at US$ 2.2 Billion in 2022.
We expect the global sports gun market to exhibit a CAGR of 6.2% during 2023-2028.
The rising demand for sports guns in competitive shooting games and recreational sports to boost physical strength, enhance competence and eye coordination, upsurge mental discipline, etc., as they are lighter, more comfortable, and easy to use, is primarily driving the global sports gun market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of sports guns.
Based on the gun type, the global sports gun market can be bifurcated into rifle, pistol, and shotgun. Currently, rifle holds the majority of the total market share.
Based on the application, the global sports gun market has been segmented into competitive shooting and recreational sports, where competitive shooting currently exhibits a clear dominance in the market.
Based on the distribution channel, the global sports gun market can be divided into gun stores, sporting goods stores, online, and others. Currently, gun stores account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global sports gun market include American Outdoor Brands Inc., Beretta Holding S.p.A., Browning Arms Company (Herstal Group), Carl Walther GmbH, Colt's Manufacturing Company LLC (Colt Defense), Dick's Sporting Goods Inc., German Sport Guns GmbH (L&O Hunting Group GmbH), Howa Machinery Ltd., J. G. Anschütz GmbH & Co. KG, Remington Arms Company LLC (Remington Outdoor Company), Smith & Wesson Brands Inc., and Sturm Ruger & Company Inc.
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