What Has Been the Growth Trajectory for the Sports Gun Market in Recent Years?
The sports gun market has seen considerable growth due to a variety of factors.
• Recent years have seen significant growth in the sports gun market size. The market, which was valued at $2.43 billion in 2024, is projected to increase to $2.57 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. This growth during the historic period is linked to various factors, including cultural heritage, military influence, the assurance of safety and reliability, global conflicts, the evolution of the sports industry, and a rise in participation in shooting sports.
How Does the Forecast Look for the Sports Gun Market Size?
The Sports Gun market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the sports gun market is projected to experience robust growth, expanding to an estimated market size of $3.33 billion by 2029, with a compound annual growth rate (CAGR) of 6.7%.
This anticipated growth during the forecast period can be linked to factors such as increased youth participation and outreach efforts, environmental awareness and sustainability, changes in culture and recreation, the adoption of modular designs, and an emphasis on training and skill enhancement. Significant trends predicted to shape the market during the forecast period encompass marketing and branding initiatives, customization and personalization, competitive shooting events, the flexibility and versatility of modularity, and innovative materials.
What Are The Leading Drivers Of Growth In The Sports Gun Market?
The global growth of the sports gun market is anticipated to be propelled by the escalating involvement in shooting sports worldwide. These sports exemplify the shooter's precision, control, and speed in aiming at targets using weapons like rifles and pistols. The expansion of awareness regarding firearm safety, availability of more training programs, and the emergence of competitive shooting events fostering community engagement and contribution are all features of shooting sports. They play a significant role in advancing the sports gun industry by stimulating an upsurge in demand for firearms and related accessories. These factors enable manufacturers to innovate and broaden their product range. The 2023 Special Report on Hunting from the Outdoor Industry Association, a US-based non-profit organization, recorded that nearly 14.7 million Americans partook in hunting activities using a firearm or bow at least once in 2022, which represented a 1% rise in hunting participation from 2021. Thus, the upswing in global participation in shooting sports is instrumental in fuelling the growth of the sports gun market.
How Are The Segments Defined Within The Global Sports Gun Market?
The sports gun market covered in this report is segmented –
1) By Type: Pistols, Revolvers, Rifles, Machine Guns, Shotguns, Carbines, Other Types
2) By Materials: Steel, Aluminum, Polymer, Other Materials
3) By Caliber Type: 0.38 Caliber, 0.38 Special, 12 Gauge, 9 mm
4) By Distribution: Gun Stores, Sport Goods Stores, Online, Other Distributions
5) By Application: Training And Demonstration, Recreational Sports
Subsegments:
1) By Pistols: Semi-Automatic Pistols, Single Action Pistols, Double Action Pistols
2) By Revolvers: Single Action Revolvers, Double Action Revolvers
3) By Rifles: Bolt-Action Rifles, Semi-Automatic Rifles, Lever-Action Rifles, Pump-Action Rifles
4) By Machine Guns: Light Machine Guns, Heavy Machine Guns
5) By Shotguns: Pump-Action Shotguns, Semi-Automatic Shotguns, Break-Action Shotguns
6) By Carbines: Semi-Automatic Carbines, Bolt-Action Carbines
7) By Other Types: Air Guns, Paintball Guns, BB Guns
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How Are New Trends Expected To Influence The Growth Of The Sports Gun Market?
Leading firms in the sports gun market are prioritizing the release of innovative products such as semi-automatic shotguns to boost shooting performance and augment user experience. The semi-automatic shotgun, which automatically loads the next round post-firing, allows for rapid consecutive firing without the necessity for manual reloading between each shot. For instance, Beretta, a firearm manufacturer based in Italy, unveiled the A400 Xcel Sporting equipped with Beretta’s Steelium barrel technology in January 2022. The A400 Xcel, with a cross-tube gas piston and Beretta's ultrafast BLINK gas operating technology, boasts 36% quicker cycling compared to competitors. The A400 Xcel Sporting boasts an expanded grip and Beretta's Kick-Off recoil reduction system, offering enhanced stability, comfort, and control, ultimately enabling faster target acquisition.
Who Are the Key Players In The Sports Gun Market?
Major companies operating in the sports gun market include:
• American Outdoor Brands Corporation
• J.G. Anschütz GmbH & Co. KG
• Crosman Corporation
• Sturm Ruger & Company Inc.
• Browning Arms Company
• Beretta Holding S.A.
• Howa Machinery Ltd.
• Colt's Manufacturing Company LLC
• Carl Walther GmbH S
• Olympic Arms Inc.
• Herstal SA Ltd.
• Remington Arms Company LLC
• Creedmoor Sports Inc.
• BRS Outdoor Sports Holdings LLC
• Smith & Wesson Brands Inc.
• L&O Holding GmbH & Co. KG
• Glock Inc.
• Savage Arms Inc.
• FN America LLC
• Kimber Mfg Inc.
• Taurus International Manufacturing Inc.
• Kel Tec CNC Industries Inc.
• SCCY Industries LLC
• Springfield Inc.
• Maverick Arms Inc.
• Diamondback Firearms LLC
• Century International Arms
• Hi-Point Firearms
• Radical Firearms LLC
• Mossberg & Sons Inc.
What Is The Most Dominant Region In The Sports Gun Market?
North America was the largest region in the sports gun market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sports gun market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
