Sports Gun Global Market Report 2024

Description

Sports Gun Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on sports gun market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for sports gun? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sports gun market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: German Sports Guns GmbH; American Outdoor Brands Corporation; J.G. Anschutz GmbH & Co. KG; Crosman Corporation; Sturm Ruger & Company Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A sports gun is a firearm designed for use in sports events and hunting activities.

Different types of sports guns include pistols, revolvers, rifles, machine guns, shotguns, carbines, and other variations. Pistols, specifically handheld cannons fired from one hand, are frequently used in sports events to signal the start of a game. These guns are distributed through channels like gun stores, sports goods stores, online platforms, and other distribution networks. Manufacturing materials commonly used include steel, aluminum, polymer, and other similar materials. They are categorized by caliber types such as 0.38 caliber, 0.38 special, 12 gauge, and 9 mm. Sports guns find applications in various fields including training, demonstrations, and recreational sports. They are utilized for shooting practice and participate in sports activities.

The sports gun market research report is one of a series of new reports from The Business Research Company that provides sports gun market statistics, including sports gun industry global market size, regional shares, competitors with a sports gun market share, detailed sports gun market segments, market trends and opportunities, and any further data you may need to thrive in the sports gun industry. This sports gun market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The sports gun market size has grown strongly in recent years. It will grow from $2.33 billion in 2023 to $2.48 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth observed in the historical period can be attributed to several contributing factors, including the influence of cultural heritage and military practices, emphasis on safety and reliability in firearms, the impact of global conflicts on firearms development, evolution within the sports industry related to shooting sports, and an increase in participation rates in shooting sports activities.

The sports gun market size is expected to see strong growth in the next few years. It will grow to $3.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. Anticipated growth in the forecast period can be attributed to several key factors, notably the increased engagement and outreach efforts aimed at the youth demographic, growing concerns about environmental sustainability, shifts in cultural and recreational preferences, the adoption of modular designs for firearms, and a heightened focus on training and skill development in shooting sports. Moreover, major trends expected in this period encompass innovative marketing and branding strategies, a trend towards customization and personalization of firearms, the rise of competitive shooting events, emphasis on modularity and versatility in firearm designs, as well as ongoing innovation in materials used for manufacturing firearms.

The global surge in participation in shooting sports is poised to drive the growth of the sports gun market. Shooting sports, characterized by precision, control, and speed in aiming at targets with pistols and rifles, have witnessed an increasing interest globally. This heightened interest is expected to translate into growing demand for sports guns utilized in these sports. Notably, in September 2022, an article published by the Council To Advance Hunting And The Shooting Sport highlighted that 20 million Americans, constituting 6.7% of the U.S. population aged 6 and over, engaged in target shooting with weapons in 2020. Moreover, over 30 million Americans aged 6 and over participated in hunting or target shooting at least once in 2021. This global uptick in participation is a significant driver propelling the growth of the sports gun market.

The growing demand for sports competition events is anticipated to be a catalyst for the expansion of the sports gun market in the foreseeable future. Sports competition events, structured contests where individuals or teams compete to determine the best performance or team in a particular sport, drive the need for specialized sports guns. These firearms are designed to meet the unique requirements and rules of each shooting discipline. In August 2023, World Athletics reported a 36.7% increase in expenditure on sports events, reaching $72 million for hosting four world athletics events. Notably, competition and events accounted for 58% of total spending. This escalating demand for sports competition events is a key factor propelling the sports gun market.

Technological advancements are emerging as a prominent trend in the sports gun market, with major companies leveraging advanced technologies to maintain their market position. For instance, in January 2022, Beretta, an Italy-based firearms manufacturing company, introduced the A400 Xcel Sporting with Beretta's Steelium barrel technology. This firearm features the ultrafast BLINK gas operating technology, utilizing a cross-tube gas piston for 36% faster cycling compared to competitors. The A400 Xcel Sporting also incorporates ergonomic checkering on the forend for a secure grip and instinctive pointing, along with a revised firing cap allowing the insertion of aftermarket weights for improved gun balance. Additionally, the firearm includes a larger grip and Beretta's Kick-Off recoil reduction system, enhancing stability, comfort, and control for faster target acquisition.

Major players in the sports gun market are adopting a strategic partnership approach as part of their business strategy, with a focus on manufacturing a diverse range of air rifles and pistols for international athletes. Strategic partnerships involve companies collaborating to leverage each other's strengths and resources for mutual benefits and success. In a notable example from March 2021, World Shooting Para Sport, an international committee for the Paralympics based in Germany, announced a partnership with Carl Walther GmbH, a German firearms and sports equipment manufacturing company. This collaboration aims to manufacture rifles and pistols for international athletes, contributing to the distribution of high-quality competition firearms to new and expanding competitors within the World Shooting Para Sport membership. Sponsored by Gladiator Promotional Products, this partnership is slated to continue until 2024 and encompasses major events such as the World Championships in 2022 and 2023.

In a significant business move in February 2021, Beretta Holding, an Italy-based industrial group specializing in products for sporting and hunting activities, successfully acquired Holland & Holland Ltd. for an undisclosed amount. This strategic acquisition played a pivotal role in expanding Beretta's footprint in the United Kingdom and bolstering the group's international presence. Holland & Holland, a UK-based manufacturer renowned for its sporting guns, provides shotguns and rifles to customers worldwide.

Major companies operating in the sports gun market report are German Sports Guns GmbH, American Outdoor Brands Corporation, J.G. Anschutz 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.

North America was the largest region in the sports gun market in 2023. 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.

The countries covered in the sports gun market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The sports gun market consists of sales of stun guns, teaser guns, blasters, peashooters, and more. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r13077

1. Executive Summary

2. Sports Gun Market Characteristics

3. Sports Gun Market Trends And Strategies

4. Sports Gun Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Sports Gun Market Size and Growth

5.1. Global Sports Gun Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Sports Gun Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Sports Gun Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Sports Gun Market Segmentation

6.1. Global Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Pistols
Revolvers
Rifles
Machine Guns
Shotguns
Carbines
Other Types
6.2. Global Sports Gun Market, Segmentation By Materials, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Steel
Aluminium
Polymer
Other Materials
6.3. Global Sports Gun Market, Segmentation By Caliber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
0.38 Caliber
0.38 Special

12 Gauge

9 mm

6.4. Global Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Gun Stores
Sport Goods Stores
Online
Other Distributions
6.5. Global Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Training And Demonstration
Recreational Sports

7. Sports Gun Market Regional And Country Analysis

7.1. Global Sports Gun Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Sports Gun Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Sports Gun Market

8.1. Asia-Pacific Sports Gun Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Sports Gun Market

9.1. China Sports Gun Market Overview
9.2. China Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Sports Gun Market

10.1. India Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Sports Gun Market

11.1. Japan Sports Gun Market Overview
11.2. Japan Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Sports Gun Market

12.1. Australia Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Sports Gun Market

13.1. Indonesia Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Sports Gun Market

14.1. South Korea Sports Gun Market Overview
14.2. South Korea Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Sports Gun Market

15.1. Western Europe Sports Gun Market Overview
15.2. Western Europe Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Sports Gun Market

16.1. UK Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Sports Gun Market

17.1. Germany Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Sports Gun Market

18.1. France Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Sports Gun Market

19.1. Italy Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Sports Gun Market

20.1. Spain Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Sports Gun Market

21.1. Eastern Europe Sports Gun Market Overview
21.2. Eastern Europe Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Sports Gun Market

22.1. Russia Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Sports Gun Market

23.1. North America Sports Gun Market Overview
23.2. North America Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Sports Gun Market

24.1. USA Sports Gun Market Overview
24.2. USA Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Sports Gun Market

25.1. Canada Sports Gun Market Overview
25.2. Canada Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Sports Gun Market

26.1. South America Sports Gun Market Overview
26.2. South America Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Sports Gun Market

27.1. Brazil Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Sports Gun Market

28.1. Middle East Sports Gun Market Overview
28.2. Middle East Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Sports Gun Market

29.1. Africa Sports Gun Market Overview
29.2. Africa Sports Gun Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Sports Gun Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Sports Gun Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Sports Gun Market Competitive Landscape And Company Profiles

30.1. Sports Gun Market Competitive Landscape
30.2. Sports Gun Market Company Profiles
- 30.2.1. German Sports Guns GmbH
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. American Outdoor Brands Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. J.G. Anschutz GmbH & Co. KG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Crosman Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Sturm Ruger & Company Inc
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Sports Gun Market Competitive Benchmarking

32. Global Sports Gun Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Sports Gun Market

34. Sports Gun Market Future Outlook and Potential Analysis

34.1 Sports Gun Market In 2028 - Countries Offering Most New Opportunities
34.2 Sports Gun Market In 2028 - Segments Offering Most New Opportunities
34.3 Sports Gun Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer