PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218841
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218841
Sniper Rifle Market Forecasts to 2028 - Global Analysis By Type (Semi Automatic Action, Bolt Action and Other Types), Range (Up to 1000 Meters, Beyond 1000 Meters and Other Ranges), End User and By Geography
According to Stratistics MRC, the Global Sniper Rifle Market is accounted for $2.82 billion in 2022 and is expected to reach $4.36 billion by 2028 growing at a CAGR of 7.53% during the forecast period. Sniper rifles are high-precision, long-range rifles that are used in both military and law enforcement applications. It is a portable shoulder-fired weapon system with a choice between a bolt action and semi-automatic action. It is fitted with a telescopic sight for extreme accuracy. It is used in civil applications, such as hunting. The primary function of sniper includes providing detailed surveillance from a concealed position, neutralizing high-value targets to reduce the enemy's combat, and others. Enhanced application of sniper rifles in defensive and offensive applications boosts the demand for the global sniper rifle market.
According to the proposal request from the Indian Army, 212 rifles have been intended to be procured for the Indian Air Force, and 88 sniper rifles are likely to be acquired by the Indian Navy.
Market Dynamics:
Driver:
Increase in the defense budget
Many nations across the globe are increasing their defense budgets to reinforce the military strength of their nation. Rise in military budget upgrades the existing equipment range while replacing the obsolete warfare equipment. Growing security threats and increasing geopolitical issues across the borders are creating a need for the procurement of sniper rifles. Many nations are escalating their sniper squadrons while incorporating a wider application of sniper rifles in military applications which is driving the market demand.
Restraint:
Size and weight
Sniper rifles are very heavier. They have more parts to maintain, so there are more risks for failure. It's not quick to point and fire. It's not easy to maneuver with a rifle in tight spaces, as well. Attackers can disarm more easily if you're holding a rifle because of the barrel size. All these factors are hindering the growth of the market.
Opportunity:
Technological advancements
Technology plays a vital role in strengthening the military base of any nation. Sniper rifles have witnessed advancements in terms of bullet loading, self-steering bullets and cutting edge technologies. Long-range precision rifles are used for commercial purposes as well. Up-gradation of existing military equipment and the procurement of advanced weapons is proliferating the demand for the global sniper rifle market.
Threat:
Slow rechambering
Rifles are the best choice when it comes to accuracy. But they are slow in rechambering. Sniper rifles have too many options. It is heavier and big in size. The accuracy rate that estimates how much the aim moves while reloading is comparatively slow. It makes huge destruction while in the time of war if they are not concentrated. These factors are hampering the growth of the market.
COVID-19 Impact
The COVID-19 had a moderate effect on the sniper rifle market. The onset of the pandemic led to a decline in procurement orders for sniper rifles by various countries due to restrictions in trade and lockdown. Moreover, a decrease in the production of sniper rifles by various companies due to a reduction in the workforce led to manufacturers being unable to meet the production deadlines, leading to various manufacturers facing heavy losses.
The military segment is expected to be the largest during the forecast period
The military segment is estimated to have a lucrative growth, due to its better surveillance. Sniper's primary function in modern warfare is to provide detailed surveillance from a concealed position. It reduces the enemy's combat ability by neutralizing high-value targets. Its procurements can be attributed to the increasing defense expenditure and equipment from various armed forces. Many regions have been upgrading their military by procuring various advanced sniper rifles. Such advancements are expected to lead to the growth of sniper rifles for the military segment.
The beyond 1,000 meters segment is expected to have the highest CAGR during the forecast period
The beyond 1,000 meters segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its long-range. The rifle allows hitting targets at over 1.5 km under any weather conditions without prior adjustments. Armed forces of several countries and rifle manufacturers are collaborating in developing advanced sniper rifles with increased range and accuracy. This rifle helps countries that are currently facing terrorism threats and tensions across its borders and fuelling the market growth.
Region with largest share:
North America is projected to hold the largest market share during the forecast period owing to its military modernization programs and equipment modernization initiatives. This region has replaced their legacy M40A6 and Mk13 Mod 7 bolt-action sniper rifles with advanced Mk22 Mod 0. It has the most advanced sniper rifles. These advancements are expected to lead the sniper rifle market witnessing growth in the North American region during the forecast period.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the growing investments of emerging countries such as China and India to strengthen the military force. The rising need amongst the defense forces for advanced ammunitions is owing to an increase in joint agreements with the military organizations of the developing countries. These investments are fuelling the market growth in this region.
Key players in the market
Some of the key players profiled in the Sniper Rifle Market include Savage Arms, S&T Motiv Co Ltd, Knights Armament Co, FN HERSTAL, STRATEGIC ARMORY CORPS, Zastava arms, Remington Arms Company LLC, B&T AG, Denel SOC Ltd, Accuracy International, Beretta Holding SA, PGM Precision, Heckler & Koch Group, Vista Outdoor Inc, H&K AG, PGW Defence Technologies Inc, SNT Motiv Co Ltd
Key Developments:
In February 2022, Zastava Arms announced to launch two exciting new firearms ZPAPM70 and ZPAPM92. They are available in a more traditional style with wood furniture and have a very robust construction. They are chambered in 7.62x39mm in pistol and tactical configurations. This includes a quadrail with angled grip upfront.
In September 2021, Heckler & Koch announced the launch of the coolest rimfires on the market. HK has partnered with Umarex of Germany to bring the only HK-authorized rimfire versions of the legendary MP5.
Types Covered:
- Semi Automatic Action
- Bolt Action
- Other Types
Ranges Covered:
- Up to 1000 Meters
- Beyond 1000 Meters
- Other Ranges
End Users Covered:
- Law Enforcement
- Civilian
- Military
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Sniper Rifle Market, By Type
- 5.1 Introduction
- 5.2 Semi Automatic Action
- 5.3 Bolt Action
- 5.4 Other Types
6 Global Sniper Rifle Market, By Range
- 6.1 Introduction
- 6.2 Up to 1000 Meters
- 6.3 Beyond 1000 Meters
- 6.4 Other Ranges
7 Global Sniper Rifle Market, By End User
- 7.1 Introduction
- 7.2 Law Enforcement
- 7.3 Civilian
- 7.4 Military
- 7.5 Other End Users
8 Global Sniper Rifle Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Savage Arms
- 10.2 S&T Motiv Co Ltd
- 10.3 Knights Armament Co
- 10.4 FN HERSTAL
- 10.5 STRATEGIC ARMORY CORPS
- 10.6 Zastava arms
- 10.7 Remington Arms Company LLC
- 10.8 B&T AG
- 10.9 Denel SOC Ltd
- 10.10 Accuracy International
- 10.11 Beretta Holding SA
- 10.12 PGM Precision
- 10.13 Heckler & Koch Group
- 10.14 Vista Outdoor Inc
- 10.15 H&K AG
- 10.16 PGW Defence Technologies Inc
- 10.17 SNT Motiv Co Ltd
List of Tables
- 1 Global Sniper Rifle Market Outlook, By Region (2020-2028) ($MN)
- 2 Global Sniper Rifle Market Outlook, By Type (2020-2028) ($MN)
- 3 Global Sniper Rifle Market Outlook, By Semi Automatic Action (2020-2028) ($MN)
- 4 Global Sniper Rifle Market Outlook, By Bolt Action (2020-2028) ($MN)
- 5 Global Sniper Rifle Market Outlook, By Other Types (2020-2028) ($MN)
- 6 Global Sniper Rifle Market Outlook, By Range (2020-2028) ($MN)
- 7 Global Sniper Rifle Market Outlook, By Up to 1000 Meters (2020-2028) ($MN)
- 8 Global Sniper Rifle Market Outlook, By Beyond 1000 Meters (2020-2028) ($MN)
- 9 Global Sniper Rifle Market Outlook, By Other Ranges (2020-2028) ($MN)
- 10 Global Sniper Rifle Market Outlook, By End User (2020-2028) ($MN)
- 11 Global Sniper Rifle Market Outlook, By Law Enforcement (2020-2028) ($MN)
- 12 Global Sniper Rifle Market Outlook, By Civilian (2020-2028) ($MN)
- 13 Global Sniper Rifle Market Outlook, By Military (2020-2028) ($MN)
- 14 Global Sniper Rifle Market Outlook, By Other End Users (2020-2028) ($MN)
- 15 North America Sniper Rifle Market Outlook, By Country (2020-2028) ($MN)
- 16 North America Sniper Rifle Market Outlook, By Type (2020-2028) ($MN)
- 17 North America Sniper Rifle Market Outlook, By Semi Automatic Action (2020-2028) ($MN)
- 18 North America Sniper Rifle Market Outlook, By Bolt Action (2020-2028) ($MN)
- 19 North America Sniper Rifle Market Outlook, By Other Types (2020-2028) ($MN)
- 20 North America Sniper Rifle Market Outlook, By Range (2020-2028) ($MN)
- 21 North America Sniper Rifle Market Outlook, By Up to 1000 Meters (2020-2028) ($MN)
- 22 North America Sniper Rifle Market Outlook, By Beyond 1000 Meters (2020-2028) ($MN)
- 23 North America Sniper Rifle Market Outlook, By Other Ranges (2020-2028) ($MN)
- 24 North America Sniper Rifle Market Outlook, By End User (2020-2028) ($MN)
- 25 North America Sniper Rifle Market Outlook, By Law Enforcement (2020-2028) ($MN)
- 26 North America Sniper Rifle Market Outlook, By Civilian (2020-2028) ($MN)
- 27 North America Sniper Rifle Market Outlook, By Military (2020-2028) ($MN)
- 28 North America Sniper Rifle Market Outlook, By Other End Users (2020-2028) ($MN)
- 29 Europe Sniper Rifle Market Outlook, By Country (2020-2028) ($MN)
- 30 Europe Sniper Rifle Market Outlook, By Type (2020-2028) ($MN)
- 31 Europe Sniper Rifle Market Outlook, By Semi Automatic Action (2020-2028) ($MN)
- 32 Europe Sniper Rifle Market Outlook, By Bolt Action (2020-2028) ($MN)
- 33 Europe Sniper Rifle Market Outlook, By Other Types (2020-2028) ($MN)
- 34 Europe Sniper Rifle Market Outlook, By Range (2020-2028) ($MN)
- 35 Europe Sniper Rifle Market Outlook, By Up to 1000 Meters (2020-2028) ($MN)
- 36 Europe Sniper Rifle Market Outlook, By Beyond 1000 Meters (2020-2028) ($MN)
- 37 Europe Sniper Rifle Market Outlook, By Other Ranges (2020-2028) ($MN)
- 38 Europe Sniper Rifle Market Outlook, By End User (2020-2028) ($MN)
- 39 Europe Sniper Rifle Market Outlook, By Law Enforcement (2020-2028) ($MN)
- 40 Europe Sniper Rifle Market Outlook, By Civilian (2020-2028) ($MN)
- 41 Europe Sniper Rifle Market Outlook, By Military (2020-2028) ($MN)
- 42 Europe Sniper Rifle Market Outlook, By Other End Users (2020-2028) ($MN)
- 43 Asia Pacific Sniper Rifle Market Outlook, By Country (2020-2028) ($MN)
- 44 Asia Pacific Sniper Rifle Market Outlook, By Type (2020-2028) ($MN)
- 45 Asia Pacific Sniper Rifle Market Outlook, By Semi Automatic Action (2020-2028) ($MN)
- 46 Asia Pacific Sniper Rifle Market Outlook, By Bolt Action (2020-2028) ($MN)
- 47 Asia Pacific Sniper Rifle Market Outlook, By Other Types (2020-2028) ($MN)
- 48 Asia Pacific Sniper Rifle Market Outlook, By Range (2020-2028) ($MN)
- 49 Asia Pacific Sniper Rifle Market Outlook, By Up to 1000 Meters (2020-2028) ($MN)
- 50 Asia Pacific Sniper Rifle Market Outlook, By Beyond 1000 Meters (2020-2028) ($MN)
- 51 Asia Pacific Sniper Rifle Market Outlook, By Other Ranges (2020-2028) ($MN)
- 52 Asia Pacific Sniper Rifle Market Outlook, By End User (2020-2028) ($MN)
- 53 Asia Pacific Sniper Rifle Market Outlook, By Law Enforcement (2020-2028) ($MN)
- 54 Asia Pacific Sniper Rifle Market Outlook, By Civilian (2020-2028) ($MN)
- 55 Asia Pacific Sniper Rifle Market Outlook, By Military (2020-2028) ($MN)
- 56 Asia Pacific Sniper Rifle Market Outlook, By Other End Users (2020-2028) ($MN)
- 57 South America Sniper Rifle Market Outlook, By Country (2020-2028) ($MN)
- 58 South America Sniper Rifle Market Outlook, By Type (2020-2028) ($MN)
- 59 South America Sniper Rifle Market Outlook, By Semi Automatic Action (2020-2028) ($MN)
- 60 South America Sniper Rifle Market Outlook, By Bolt Action (2020-2028) ($MN)
- 61 South America Sniper Rifle Market Outlook, By Other Types (2020-2028) ($MN)
- 62 South America Sniper Rifle Market Outlook, By Range (2020-2028) ($MN)
- 63 South America Sniper Rifle Market Outlook, By Up to 1000 Meters (2020-2028) ($MN)
- 64 South America Sniper Rifle Market Outlook, By Beyond 1000 Meters (2020-2028) ($MN)
- 65 South America Sniper Rifle Market Outlook, By Other Ranges (2020-2028) ($MN)
- 66 South America Sniper Rifle Market Outlook, By End User (2020-2028) ($MN)
- 67 South America Sniper Rifle Market Outlook, By Law Enforcement (2020-2028) ($MN)
- 68 South America Sniper Rifle Market Outlook, By Civilian (2020-2028) ($MN)
- 69 South America Sniper Rifle Market Outlook, By Military (2020-2028) ($MN)
- 70 South America Sniper Rifle Market Outlook, By Other End Users (2020-2028) ($MN)
- 71 Middle East & Africa Sniper Rifle Market Outlook, By Country (2020-2028) ($MN)
- 72 Middle East & Africa Sniper Rifle Market Outlook, By Type (2020-2028) ($MN)
- 73 Middle East & Africa Sniper Rifle Market Outlook, By Semi Automatic Action (2020-2028) ($MN)
- 74 Middle East & Africa Sniper Rifle Market Outlook, By Bolt Action (2020-2028) ($MN)
- 75 Middle East & Africa Sniper Rifle Market Outlook, By Other Types (2020-2028) ($MN)
- 76 Middle East & Africa Sniper Rifle Market Outlook, By Range (2020-2028) ($MN)
- 77 Middle East & Africa Sniper Rifle Market Outlook, By Up to 1000 Meters (2020-2028) ($MN)
- 78 Middle East & Africa Sniper Rifle Market Outlook, By Beyond 1000 Meters (2020-2028) ($MN)
- 79 Middle East & Africa Sniper Rifle Market Outlook, By Other Ranges (2020-2028) ($MN)
- 80 Middle East & Africa Sniper Rifle Market Outlook, By End User (2020-2028) ($MN)
- 81 Middle East & Africa Sniper Rifle Market Outlook, By Law Enforcement (2020-2028) ($MN)
- 82 Middle East & Africa Sniper Rifle Market Outlook, By Civilian (2020-2028) ($MN)
- 83 Middle East & Africa Sniper Rifle Market Outlook, By Military (2020-2028) ($MN)
- 84 Middle East & Africa Sniper Rifle Market Outlook, By Other End Users (2020-2028) ($MN)
