The Global Sports Guns Market is forecasted to be worth USD 3.46 billion by 2027, according to a current analysis by Emergen Research. The increasing use of sports guns for training purposes, the rise of sporting competitions that involve shooting sports, the popularity of hunting, and the use of sports guns for non-lethal purposes, to name a few, are the major drivers driving the market’s expansion. Sport guns, which include rifles, pistols, and shotguns, are classified as non-lethal weapons. It is designed for both recreational and competitive shooting. The technology, projectile, calibre, and other characteristics of these firearms vary from one another.
Sporting weapons, as opposed to deadly weapons like the AK-47, Rheinmetall MG 3, Uzi, M4 Carbine, and others, are lighter and more pleasant to use. Growing interest in various shooting sports is a major element in the expansion of the sports gun market. Target shooting, High Power Rifle, Popinjay, Sporting Clays, Skeet Shooting, Cowboy Action Shooting, Skirmish, and other sports are examples of sporting activities. For instance, the shooting discipline known as the military pentathlon comprises of sighting shots and competition shooting.
Due to the numerous advantages associated with shooting sports, including how it improves physical discipline, focus, and eyesight, more people are taking part in them. Additionally, rising school and college student involvement in shooting sports at the national level is anticipated to stimulate market expansion.
Further key findings from the report suggest
American Outdoor Brands, Inc. successfully separated from Smith & Wesson Brands, Inc. in August 2020. American Outdoor Brands, Inc. declared that it would begin operating independently and grow its Sports Guns division using an online shopping system.
Due to its improved manufacturing efficiency with 3D printing processes, reduction in overall cost, and greater applicability in sports and hunting, the polymer sub-segment is increasing with the fastest CAGR of 6.3%.
The Asia Pacific nations, led by China, India, Pakistan, South Korea, and North Korea, devote a substantial budget for defence and law enforcement training. In addition, the extraordinary demand for shooting games and the increased popularity of sporting events, together with increased economic growth and improvements in the manufacturing sector, actively support market enforcement.
Key players in the market Smith & Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, & Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta S.p.A., and Raytheon Company, among others.
Emergen Research has segmented into the global Sports Guns Market on the basis of Type, Application, Distribution Channel, Materials Used, and Region:
Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Machine Guns
Application Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Training & Demonstration
- Recreational Sports
Distribution Channel Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Gun Stores
- Sport Goods Stores
Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- North America
- Asia Pacific
- South Korea
- North Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
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