DUBLIN--(BUSINESS WIRE)--The "Global Sniper Rifle Market Segmented by Purpose, by Capability, and by Geography - Growth, Trends, and, Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The sniper rifle market is gradually increasing and occupies a huge market all over the world. As the defence budgets of developing countries and the emerging economies increase, countries will want to replace the ageing sniper rifles with their law enforcement and armed forces.
The sniper rifle market is slated to grow rapidly over the next few years, overcoming the slowdown in the US, which is showing slow growth at present. The major drivers of the sniper rifle market will be India, China, and Middle-East over the next few years.
Civilian procurement of rifles for sport is also on the rise, which is one of the main drivers of the market. Rising geopolitical tensions and terrorism in many parts of the world are also driving the need for more efficient and effective sniper rifles to curb these activities.
The increasing need to maintain a sufficient stock of weapons and ammunition is also driving the market. Some of the factors restraining the market are high R&D costs and regulations to curb the ownership of rifles.
The US is one of the key suppliers of arms and ammunition to many countries around the world and is likely to stay a key supplier for the forecast period, mostly due to increase in agreements with the military organizations in developing countries. Russia is also a key supplier of heavy weapons as well as impressive R&D activities in the sniper rifle segment.
Notable Developments in the Market
- New report claims Russian sniper rifle could change the shape of future battlefields
- US military approves sale of sniper rifles, scopes, and ammunition to Ukraine
Key Topics Covered
1. Introduction
2. Research Methodology
3. Market Insights
4. Market Dynamics
5. Drivers
6. Restraints
7. Opportunities
8. Sniper Rifle Market, Segmented by Purpose
9. Sniper Rifle Market, Segmented by Capability
10. Sniper Rifle Market, Segmented by Geography
11. Competitive Landscape
12. Company Profiles
- S&T Motiv Co. Ltd.
- Savage
- FN HERSTAL
- Mechanical and Chemical Industry Corporation
- Knights Armament Co.
- Accuracy International
- Armalite
- SIG Holding AG
- Zastava arms
- Brugger and Thomet
- Denel
- PGM Precision
For more information about this report visit https://www.researchandmarkets.com/research/jg8p5d/global_sniper?w=4
