Sports Guns Market Size Worth USD 3.46 Billion By 2027 | CAGR of 4.8%: Emergen Research

VANCOUVER, BC, Oct. 29, 2020 /PRNewswire/ -- The Global Sports Guns Market is forecast to be worth USD 3.46 billion by 2027, according to a current analysis by Emergen Research. Key factors influencing the market growth include the growing adoption of sports guns for training purposes, rising number of sports events that include shooting games, increasing interest in hunting, and applicability of sports guns in nonlethal usage, among others.

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Besides, the rise in cross-border conflicts that restricts the usage of firearms and the growing adoption of sports guns for non-deadly self-defense are some of the additional reasons behind the remarkable growth of the market. Moreover, reduced manufacturing costs of the guns with the help of 3D printing mechanisms, growing demand for smart guns, and increasing usage of the polymer in the arms industry are some of the subordinate market propelling factors that create a huge breakthrough in the market growth.

The global landscape of the Sports Guns Market is expected to remain highly competitive and fragmented, consisting of a number of both small start-ups & medium enterprises and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure enormous growth potential for innovative players.

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Further key findings from the report suggest

  • In August 2020, American Outdoor Brands, Inc. completed its spin-off from the company named Smith & Wesson Brands, Inc., and announced that it plans to enter trading independently and would expand its Sports Guns business through the e-commerce platform.
  • The polymer sub-segment is growing with the fastest CAGR of 6.3% owing to its higher efficiency in the manufacturing with 3D printing techniques and reduction in the overall costing with higher applicability in the sports and hunting purposes.
  • The regions in the Asia Pacific, led by China, India, Pakistan, and South & North Korea, are allotting a considerable budget for their defense & law enforcement grooming purposes. Besides, the significant demand for shooting games & higher proliferation of sports events, along with higher economic development and enhancement in the manufacturing industry, help propel market growth.
  • Key players in the market include 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.

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For the purpose of this report, Emergen Research has segmented 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)
    • Pistols
    • Revolvers
    • Rifles
    • Machine Guns
    • Shotguns
    • Carbines
    • Others
  • 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
    • Online
    • Others
  • Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Steel
    • Aluminum
    • Polymer
    • Others

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  • Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Russia
      2. U.K.
      3. Germany
      4. France
      5. BENELUX
    • Asia Pacific
      1. China
      2. Japan
      3. India
      4. Pakistan
      5. South Korea
      6. North Korea
      7. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Israel
      4. Rest of MEA

Find more similar research insights by Emergen Research:

Light Weapons Market By Type (Rifles & Machine Guns, Small Morters & Mobile Rocket Launchers, Grenades & Landmines Anti-Aircraft/Anti-Submarine Missiles, Light Anti-Tank Weapons), By End Users (Military, Law Enforcement), By Technology (Guided, Unguided), By Materials (Steel, Polymers) and Regions Forecasts to 2027

Small Arms Market By Type (Pistols, Revolvers, Rifles, Machine Guns, Shotguns, Carbines), By End Users (Military, Law Enforcement, Hunting, Sports, Self-defense), By Caliber (5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm), By Technology (Guided, Unguided), By Cutting Type (Smooth Bore, Threaded), By Firing Systems (Gas-operated, Recoil-operated, Manually-operated), By Materials (Steel, Polymers) and Regions Forecasts to 2027

Ammunition Market By Type (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars, Launchers), By End Users (Military, Law Enforcement, Hunting, Sports, Self-defense), By Caliber (Small, Medium, High), By Technology (Guided, Unguided), By Lethality (Lethal, Less-lethal), By Component (Fuzes & Primers, Propellants, Bases, Projectiles & Warheads), By Materials (Steel, Polymers) and Regions Forecasts to 2027

Arms Ammunition Market By Type (Arms & Ammunition), By End Users (Military, Law Enforcement, Hunting, Sports, Self-defense), By Caliber (Small, Medium, High), By Technology (Guided, Unguided), By Lethality (Lethal, Less-lethal), By Component (Fuzes & Primers, Propellants, Bases, Projectiles & Warheads), By Materials (Steel, Polymers) and Regions Forecasts to 2027

About Emergen Research

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a 'Circular Economy,' fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies.

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