Outlook on the Global Sports Gun Market to 2025 - Asia-Pacific Region to Witness Fastest Growth Rate - ResearchAndMarkets.com

DUBLIN--()--The "Sports Gun Market Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The global sports gun market is expected to register a CAGR of 4.5% during the forecast period, 2020 to 2025.

The shooting games are gaining popularity in the Olympics and Commonwealth games, which is encouraging sports participation across the world. The upcoming 2020 Summer Olympics is expected to drive the demand for sports guns. Additionally, the rising popularity of shooting sports among paralyzed persons and growing encouragement to participate in Paralympics gaming events is further creating a demand for sports guns from the last few years.

One of the restraints affecting the market is the growing concern of misuse of any type of guns, including sports guns from civilians all over the world, which is likely to restrain the sports gun market growth to a certain extent.

Companies Mentioned

  • Howa Machinery Ltd
  • Sturm, Ruger & Co. Inc.
  • American Outdoor Brands Corporation
  • J.G. ANSCHUTZ GmbH & Co. KG
  • Sturm, Ruger & Co. Inc.
  • Remington Arms Company LLC.
  • Herstal SA
  • Precihole Sports Pvt. Ltd
  • CARL WALTHER GMBH
  • Daisy Outdoor Products

Market Trends

Increasing Participation in Shooting Sports

The increasing participation in shooting sports as target shooting is known to build and enhance physical discipline among sportsmen. The benefits of shooting sports guns, such as enhancement in the ability to focus sharpen the eyesight, levels of concentration are augmenting the demand for sporting guns across the world. Moreover, apart from competitive sports, sporting guns are also used for recreational purposes for hunting and paintball is also supporting the market growth.

Also, in various countries, interstate sporting events and recreations or sports-related activities in schools and colleges will also support the growth of the sports gun market. For instance, Khelo India, which was an initiative of the Government of India, to inculcate a sporting culture among its population, has increased the demand for many sporting equipment, thus, benefiting the sports gun market.

Asia-Pacific Region to Witness Fastest Growth Rate

North America and Europe regions contribute major market share for the sports gun market and these regions are observing stable demand for sports guns, owing to constant participation in shooting events. In the Asia-Pacific region, particularly in China and India, increasing government initiative to encourage sports including shooting sports is playing a key role to drive market growth. For instance, the government of India has introduced 'Panchyat Yuva Krida Aur Khel Abhiyan (PYKKA)' to encourage sports culture at the grass-root level by providing sports infrastructure/equipment at the rural level, which will help to increase youth participation in sports from the rural area. However, the demand for sports guns across the Middle-East and Africa is expected to decline due to the high manufacturing cost to make these products. Nevertheless, the key players are witnessing lucrative opportunities in especially in developed economies which are focusing on replacing and refurbishing old sporting guns with new ones.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By Product Type

5.1.1 Rifle

5.1.2 Pistol

5.1.3 Shotgun

5.2 By Distribution Channel

5.2.1 Offline Retail Stores

5.2.2 Online Retail Stores

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia-Pacific

5.3.4 Rest of the World

6 COMPETITIVE LANDSCAPE

6.1 Most Active Companies

6.2 Most Adopted Strategies

6.3 Market Position Analysis

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900