What Has Been The Historical And Current Growth Of The Shooting And Gun Accessories Market?
The shooting and gun accessories market has seen considerable growth due to a variety of factors.
• The market size for firearms and gun-related accessories has expanded substantially over the recent past. It is anticipated to increase from $8.29 billion in 2024 to an impressive $8.8 billion in 2025, showing a compound annual growth rate (CAGR) of 6.1%.
The historical growth can be traced back to factors like demand from military and law enforcement agencies, prevalent sports shooting trends, impact of the media, expansion of online retail, and educational programs.
How Does the Forecast Look for the Shooting And Gun Accessories Market?
The shooting and gun accessories market is expected to maintain its strong growth trajectory in upcoming years.
• The market for firearms and related accessories is poised for substantial growth in the coming years, with its value projected to increase to $12.13 billion by 2029, showcasing a compound annual growth rate (CAGR) of 8.3%.
Factors contributing to this upswing during the forecast period include environmental concerns, global security issues, the boom in e-commerce, urbanization, and the impact of social media. Key trends anticipated during this period take in the emergence of smart accessories, subscription-based strategies, material innovation, the incorporation of augmented reality (AR), and the convergence of health and fitness industries.
What Main Forces Are Fueling Expansion In The Shooting And Gun Accessories Market?
The escalating territorial activities worldwide are anticipated to catalyze the expansion of the shooting and gun accessories market. These weapons and accessories are utilized in diverse settings such as self-defense, law enforcement, hunting, and sports shooting. The global increase in territorial activities is expected to foster demand for shooting and gun accessories that complement these growing activities. For example, Statistics Canada, a government agency of Canada, reported in June 2024, a surge in the sports GDP across all provinces and territories in 2022. The most notable growth was observed in Ontario (+$349.5 million; +10.3%), followed by British Columbia (+$135.9 million; +12.5%), and Alberta (+$67.5 million; +9.6%). Consequently, the escalating worldwide territorial activities are poised to stimulate the expansion of the shooting and gun accessories market.
How Are The Segments Defined Within The Global Shooting And Gun Accessories Market?
The shooting and gun accessories market covered in this report is segmented –
1) By Type: Air Rifle, Air Pistol, Other Types
2) By Distribution: Online, Offline
3) By End-Use: Law Enforcement, Competitive Sports
Subsegments:
1) By Air Rifle: Break Barrel Air Rifle, Pre-Charged Pneumatic (PCP) Air Rifle, Multi-Pump Air Rifle
2) By Air Pistol: CO2 Air Pistol, Spring-Piston Air Pistol, Pre-Charged Pneumatic (PCP) Air Pistol
3) By Other Types: Targets, Shooting Rests, Cleaning Kits, Safety Gear
Pre-Book The Shooting And Gun Accessories Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Expected To Influence The Growth Of The Shooting And Gun Accessories Market?
Leading entities within the firearms and shooting accessories industry are concentrating their efforts on developing groundbreaking innovations. Notable among these is the GUNTEC line, a portfolio designed to meet numerous pressing industry needs. Embedding enhancements and customizations into features like sights, grips, and stocks, the GUNTEC line is targeted towards both enthusiasts and professionals. In an interesting development in May 2024, LIQUI MOLY, an automotive chemical company based out of Germany, introduced its GUNTEC line in the U.S market. This marked their venture into the firearm maintenance market with a suite of products geared towards firearm cleaning, lubrication, and protection. The strategic move aims to cater to high expectations of American firearm owners and professionals, with an approach that is much like tackling automotive maintenance issues. GUNTEC products, accessible via the LIQUI MOLY Team Store and a variety of online channels, showcase LIQUI MOLY's commitment to offer top-tier solutions backed by meticulous research and development.
Who Are the Key Players in the Shooting And Gun Accessories Market?
Major companies operating in the shooting and gun accessories market include:
• Beretta Holding S.p.A.
• Remington Arms Company LLC
• Smith & Wesson Brands Inc.
• SIG SAUER Inc.
• Sturm Ruger & Co Inc.
• Taurus International Manufacturing Inc.
• Fabrique Nationale Herstal
• Fabbrica d'Armi Pietro Beretta SpA
• Heckler & Koch GmbH
• Colt's Manufacturing Company
• AMERICAN OUTDOOR BRANDS INC.
• O.F. Mossberg & Sons lnc.
• Hatsan Arms Company
• Browning Arms Company
• Kimber Mfg. Inc.
• Umarex USA
• Savage Arms lnc.
• Glock Ges.m.b.H.
• Barrett Firearms Manufacturing Inc.
• Daisy Outdoor Products lnc.
• Feinwerkbau GmbH
• Daniel Defense Inc.
• Gamo Outdoor S.L.U
• H-S Precision Inc.
• Benelli Armi SpA
• ahg-Anschütz Handels GmbH
• ArmaLite Inc.
• Weihrauch & Weihrauch Sport GmbH & Co KG
• Webley & Scott
• Les Baer Custom Inc.
• LWRC International LLC
• Nighthawk Custom
• Wilson Combat
• Ed Brown Products Inc.
• STI International Inc.
• Magnum Research Inc.
What Is The Most Dominant Region In The Shooting And Gun Accessories Market?
North America was the largest region in the shooting and gun accessories market in 2024. The regions covered in the shooting and gun accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
