PUBLISHER: IMARC | PRODUCT CODE: 1541651
PUBLISHER: IMARC | PRODUCT CODE: 1541651
Sports Gun Market Report by Gun Type (Rifle, Pistol, Shotgun), Application (Competitive Shooting, Recreational Sports), Distribution Channel (Gun Stores, Sporting Goods Stores, Online, and Others), and Region 2024-2032
The global sports gun market size reached US$ 2.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.41% during 2024-2032. The rising number of competitive shooting games is stimulating the market.
Sports Gun Market Analysis:
Major Market Drivers: The widespread participation in several high-power rifle, popinjay, skeet shooting, skirmish, and cowboy action shooting games by youngsters and kids is propelling the market.
Key Market Trends: The growing investments in prominent sporting events, such as the Commonwealth, Olympics, and Asia games, are acting as significant growth-inducing factors.
Competitive Landscape: Some of the prominent companies in the 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. Anschutz GmbH & Co. KG, Remington Arms Company LLC (Remington Outdoor Company), Smith & Wesson Brands Inc., and Sturm Ruger & Company Inc., among many others.
Geographical Trends: The growing use of firearms that can be used in diverse academies to provide proper training to individuals is driving the market in North America.
Challenges and Opportunities: The elevating safety concerns among individuals are hindering the market. However, fostering regulatory compliance is expected to fuel the market in the coming years.
Sports Gun Market Trends:
Advent of Advanced Technology
The rising incorporation of features like RFID, biometric sensors, and GPS tracking is stimulating the market. They are extensively designed to prevent unauthorized use, enhance user safety, and improve the overall shooting experience. For example, in July 2024, the Clark County School District in Las Vegas introduced an advanced weapons detection system for large-scale sporting events like varsity football and basketball games and random school arrival screenings at middle and high schools.
Increasing Competitive Shooting
The growing participation in events like the International Practical Shooting Confederation (IPSC) competitions, the Olympics, various national and regional shooting championships, etc., is propelling the escalating the sports gun market demand. In May 2024, the Army Marksmanship Unit (AMU), known for producing some of India's top shooters inaugurated the Army Girls Sports Company (AGSC) dedicated to the shooting discipline. This initiative responds to the inflating interest among women in the sport.
Growing Popularity of Recreational Activities
The appeal of skill development, precision, and competitive spirit propels the emerging trend of shooting sports among both amateurs and professionals. Additionally, the expansion of shooting ranges and clubs, coupled with the introduction of shooting as a recreational activity, is boosting the adoption of high-quality sports guns. In January 2024, several companies displayed their portfolio of the latest sports guns at the SHOT Show in Las Vegas, Nevada.
Global Sports Gun Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with the sports gun market forecast at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on the gun type, application, and distribution channel.
Breakup by Gun Type:
Rifle
Pistol
Shotgun
Rifle exhibits dominance in the sports gun market outlook
The report has provided a detailed breakup and analysis of the market based on the gun type. This includes rifle, pistol, and shotgun. According to the report, rifle represented the largest market segmentation.
The rising use in shooting sports, hunting, and competitive events is augmenting the growth of this segment. Companies are also integrating smart technologies, which is acting as a significant growth-inducing factor. For example, the CZ 457 series by CZ-USA gained popularity among sports shooters, particularly in precision rimfire competitions.
Breakup by Application:
Competitive Shooting
Recreational Sports
Competitive shooting exhibits a dominance in the sports gun market share
The report has provided a detailed breakup and analysis of the market based on the application. This includes competitive shooting and recreational sports. According to the report, competitive shooting represented the largest market segmentation.
Competitive shooting refers to a highly disciplined sport that tests a shooter's speed, accuracy, and precision across numerous categories as well as disciplines. This sport encompasses a wide range of events, from rifle and pistol shooting to shotgun sports, each with its own set of challenges and rules. For example, as per sports gun market analysis report, in shooting competitions like the Precision Rifle Series (PRS), participants engage targets at varying distances, requiring advanced ballistic knowledge and optimal accuracy.
Breakup by Distribution Channel:
Gun Stores
Sporting Goods Stores
Online
Others
Gun stores accounted for the sports gun forecast report
The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes gun stores, sporting goods stores, online, and others. According to the report, gun stores represented the largest market segmentation.
Gun stores play a crucial role in catering to the needs of shooting enthusiasts, providing a wide range of accessories, firearms, and expert advice tailored to competitive and recreational shooting. Furthermore, stores like Bass Pro Shops and Cabela's also offer extensive selections of sports guns.
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
North America exhibits a clear dominance in the market
The sports gun market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.
According to the sports gun market outlook report, North America exhibits a clear dominance, propelled by competitive events like precision rifle shooting and 3-gun competitions. For instance, the Ruger Precision Rifle is highly sought after in the competitive shooting community. Besides this, the presence of large-scale retail chains like Academy Sports + Outdoors and Bass Pro Shops will continue to fuel the regional market in the coming years.
Competitive Landscape:
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market sports gun companies have also been provided. Some of the key players in the 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. Anschutz GmbH & Co. KG
Remington Arms Company LLC (Remington Outdoor Company)
Smith & Wesson Brands Inc.
Sturm Ruger & Company Inc.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Sports Gun Market Recent Developments:
July 2024: The Clark County School District in Las Vegas introduced an advanced weapons detection system for large-scale sporting events like varsity football and basketball games and random school arrival screenings at middle and high schools.
May 2024: The Army Marksmanship Unit (AMU), known for producing some of India's top shooters, inaugurated the Army Girls Sports Company (AGSC) dedicated to the shooting discipline.
January 2024: Several companies displayed their portfolio of the latest sports guns at the SHOT Show in Las Vegas, Nevada.
Key Questions Answered in This Report
- 1. How big is the global sports gun market?
- 2. What is the expected growth rate of the global sports gun market during 2024-2032?
- 3. What are the key factors driving the global sports gun market?
- 4. What has been the impact of COVID-19 on the global sports gun market?
- 5. What is the breakup of the global sports gun market based on the gun type?
- 6. What is the breakup of the global sports gun market based on the application?
- 7. What is the breakup of the global sports gun market based on the distribution channel?
- 8. What are the key regions in the global sports gun market?
- 9. Who are the key players/companies in the global sports gun market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Sports Gun Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Gun Type
- 6.1 Rifle
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Pistol
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Shotgun
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Competitive Shooting
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Recreational Sports
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
- 8.1 Gun Stores
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Sporting Goods Stores
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Online
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 American Outdoor Brands Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Beretta Holding S.p.A.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Browning Arms Company (Herstal Group)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Carl Walther GmbH
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Colt's Manufacturing Company LLC (Colt Defense)
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Dick's Sporting Goods Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 German Sport Guns GmbH (L&O Hunting Group GmbH)
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Howa Machinery Ltd.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 J. G. Anschutz GmbH & Co. KG
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Remington Arms Company LLC (Remington Outdoor Company)
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Smith & Wesson Brands Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.12 Sturm Ruger & Company Inc.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.1 American Outdoor Brands Inc.
List of Figures
- Figure 1: Global: Sports Gun Market: Major Drivers and Challenges
- Figure 2: Global: Sports Gun Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Sports Gun Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Sports Gun Market: Breakup by Gun Type (in %), 2023
- Figure 5: Global: Sports Gun Market: Breakup by Application (in %), 2023
- Figure 6: Global: Sports Gun Market: Breakup by Distribution Channel (in %), 2023
- Figure 7: Global: Sports Gun Market: Breakup by Region (in %), 2023
- Figure 8: Global: Sports Gun (Rifle) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Sports Gun (Rifle) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Sports Gun (Pistol) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Sports Gun (Pistol) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Sports Gun (Shotgun) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Sports Gun (Shotgun) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Sports Gun (Competitive Shooting) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Sports Gun (Competitive Shooting) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Sports Gun (Recreational Sports) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Sports Gun (Recreational Sports) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Sports Gun (Gun Stores) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Sports Gun (Gun Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Sports Gun (Sporting Goods Stores) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Sports Gun (Sporting Goods Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Sports Gun (Online) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Sports Gun (Online) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Sports Gun (Other Distribution Channels) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Sports Gun (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: North America: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: North America: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: United States: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: United States: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Canada: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Canada: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Asia-Pacific: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Asia-Pacific: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: China: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: China: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Japan: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Japan: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: India: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: India: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: South Korea: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: South Korea: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Australia: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Australia: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Indonesia: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Indonesia: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Others: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Others: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Europe: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Europe: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Germany: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Germany: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: France: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: France: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: United Kingdom: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: United Kingdom: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Italy: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Italy: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Spain: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Spain: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Russia: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Russia: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Others: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Others: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Latin America: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Latin America: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Brazil: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Brazil: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Mexico: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Mexico: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Others: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Others: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Middle East and Africa: Sports Gun Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Middle East and Africa: Sports Gun Market: Breakup by Country (in %), 2023
- Figure 74: Middle East and Africa: Sports Gun Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Global: Sports Gun Industry: SWOT Analysis
- Figure 76: Global: Sports Gun Industry: Value Chain Analysis
- Figure 77: Global: Sports Gun Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Sports Gun Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Sports Gun Market Forecast: Breakup by Gun Type (in Million US$), 2024-2032
- Table 3: Global: Sports Gun Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Sports Gun Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
- Table 5: Global: Sports Gun Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Sports Gun Market: Competitive Structure
- Table 7: Global: Sports Gun Market: Key Players
