Global Sporting Gun Market Size Study, By Type, Application, End User, and Regional Forecasts 2022-2032

Description

The Global Sporting Gun Market, valued at approximately USD 2.38 billion in 2023, is anticipated to witness a steady compound annual growth rate (CAGR) of 5.14% over the forecast period 2024-2032. Sporting guns, widely used for recreational shooting, hunting, and competitive sports, have experienced increasing demand due to the rising popularity of shooting sports and the expansion of hunting activities worldwide. Technological advancements, such as precision targeting systems, lightweight materials, and enhanced safety mechanisms, are reshaping the sporting gun industry, catering to enthusiasts and professional shooters alike.

The expansion of shooting ranges and hunting tourism, coupled with supportive regulations in many regions, has significantly driven market growth. In addition, increased consumer spending on outdoor recreational activities has fueled the demand for high-performance sporting guns. Competitive shooting events, including the Olympics and international championships, have further amplified the sales of precision rifles and shotguns. However, stringent government regulations concerning gun ownership and the potential risks associated with firearm usage pose challenges to the market's expansion. Additionally, fluctuations in raw material prices and growing anti-gun movements in certain countries may impact the market's trajectory.

From a regional standpoint, North America holds the dominant position in the global sporting gun market, primarily due to high participation in hunting and shooting sports, a well-established firearm culture, and favorable legislation. The U.S. remains a key contributor, with a vast number of licensed firearm owners and shooting ranges driving demand. Meanwhile, Europe has also emerged as a significant market, with countries such as Germany and the UK witnessing steady growth in sports shooting activities. The Asia-Pacific region is projected to experience the fastest growth, attributed to rising disposable income, increasing interest in adventure sports, and evolving hunting regulations in countries like China, India, and Australia.

Major Market Players Included in This Report:

Beretta Holding S.p.A
Smith & Wesson Brands, Inc.
Sturm, Ruger & Co., Inc.
Remington Arms Company, LLC
Browning Arms Company
Heckler & Koch GmbH
SIG Sauer, Inc.
Savage Arms, Inc.
Benelli Armi S.p.A
FN Herstal
Winchester Repeating Arms
Weatherby, Inc.
Krieghoff International
Anschutz GmbH & Co. KG
Merkel Jagd- und Sportwaffen GmbH

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Type:

Rifles
Shotguns
Handguns

By Application:

Competitive Shooting
Hunting
Recreational Shooting

By End User:

Individuals
Shooting Ranges & Sports Clubs
Defense & Law Enforcement

By Regional Outlook:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia-Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
UAE
South Africa
Rest of MEA

Key Takeaways from the Report:

Market estimates and forecasts spanning 2022 to 2032.
Annualized revenue analysis and insights into regional trends.
In-depth study of geographical market distribution with country-level evaluations.
Competitive landscape overview, including major industry players and market share analysis.
Examination of key business strategies and future investment recommendations.
Evaluation of market structure, including demand and supply dynamics.

Chapter 1. Global Sporting Gun Market Executive Summary

1.1. Global Sporting Gun Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
- 1.3.3. By End User
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Sporting Gun Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Sporting Gun Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Popularity of Shooting Sports and Hunting
- 3.1.2. Technological Advancements in Firearm Design and Safety
- 3.1.3. Expanding Recreational and Competitive Shooting Activities
3.2. Market Challenges
- 3.2.1. Stringent Government Regulations and Ownership Restrictions
- 3.2.2. Fluctuating Raw Material Prices and Production Costs
3.3. Market Opportunities
- 3.3.1. Growth in Shooting Range Infrastructure and Hunting Tourism
- 3.3.2. Innovations in Precision Targeting and Lightweight Materials
- 3.3.3. Strategic Collaborations and Emerging Markets Expansion

Chapter 4. Global Sporting Gun Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Sporting Gun Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Sporting Gun Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)

Chapter 6. Global Sporting Gun Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Sporting Gun Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)

Chapter 7. Global Sporting Gun Market Size & Forecasts by End User 2022-2032

7.1. Segment Dashboard
7.2. Global Sporting Gun Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)

Chapter 8. Global Sporting Gun Market Size & Forecasts by Region 2022-2032

8.1. Segment Dashboard
8.2. Global Sporting Gun Market: Regional Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. North America
  - 8.2.1.1. U.S. Market
  - 8.2.1.2. Canada Market
- 8.2.2. Europe
  - 8.2.2.1. UK Market
  - 8.2.2.2. Germany Market
  - 8.2.2.3. France Market
  - 8.2.2.4. Spain Market
  - 8.2.2.5. Italy Market
  - 8.2.2.6. Rest of Europe
- 8.2.3. Asia-Pacific
  - 8.2.3.1. China Market
  - 8.2.3.2. India Market
  - 8.2.3.3. Japan Market
  - 8.2.3.4. Australia Market
  - 8.2.3.5. South Korea Market
  - 8.2.3.6. Rest of Asia-Pacific
- 8.2.4. Latin America
  - 8.2.4.1. Brazil Market
  - 8.2.4.2. Mexico Market
  - 8.2.4.3. Rest of Latin America
- 8.2.5. Middle East & Africa
  - 8.2.5.1. Saudi Arabia Market
  - 8.2.5.2. UAE Market
  - 8.2.5.3. South Africa Market
  - 8.2.5.4. Rest of MEA

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Beretta Holding S.p.A
- 9.1.2. Smith & Wesson Brands, Inc.
- 9.1.3. Sturm, Ruger & Co., Inc.
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Beretta Holding S.p.A
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Smith & Wesson Brands, Inc.
- 9.3.3. Sturm, Ruger & Co., Inc.
- 9.3.4. Remington Arms Company, LLC
- 9.3.5. Browning Arms Company
- 9.3.6. Heckler & Koch GmbH
- 9.3.7. SIG Sauer, Inc.
- 9.3.8. Savage Arms, Inc.
- 9.3.9. Benelli Armi S.p.A
- 9.3.10. FN Herstal
- 9.3.11. Winchester Repeating Arms
- 9.3.12. Weatherby, Inc.
- 9.3.13. Krieghoff International
- 9.3.14. Anschutz GmbH & Co. KG
- 9.3.15. Merkel Jagd- und Sportwaffen GmbH

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes