PUBLISHER: The Insight Partners | PRODUCT CODE: 1874024
PUBLISHER: The Insight Partners | PRODUCT CODE: 1874024
Air Gun Market
The air gun market is anticipated to grow from US$ 2.41 billion in 2024 to US$ 4.65 billion by 2031, reflecting a compound annual growth rate (CAGR) of 8.76% during the period from 2031 to 2031. A significant factor driving this market is the decreasing prices of air guns in developing nations, which is expected to be a prominent trend.
Analysis of the Air Gun Market
Air guns serve various purposes, including hunting, firearms training, and recreational use at amusement parks. These devices operate by propelling a projectile using compressed air, which is mechanically pressurized without any chemical reactions. Air guns are categorized into two main types: rifles and pistols. These types are also utilized in competitive shooting events, such as the 10 m air rifle and 10 m air pistol competitions. The growing affordability of high-powered air guns has allowed for larger projectiles and longer shooting distances in competitions. As the number of shooting events increases, the demand for air rifles and air pistols is expected to rise among enthusiasts. For example, in Arizona, during the Extreme Benchrest competition, air guns with calibers up to 0.35 inches are used for targets set at distances of 75 and 100 yards, while larger bore air guns are employed for targets ranging from 35 to 200 yards.
Overview of the Air Gun Market
Manufacturers in the air gun industry provide air rifles, air pistols, and various accessories for hunting and shooting. The demand for air guns is primarily driven by new orders for shooting events. In North America, the United States leads the air gun market, while in Europe, France, Germany, and the UK are key players, serving major import markets like Spain, the UK, and Ireland. In the Asia-Pacific region, countries such as China, India, and Singapore are experiencing significant growth in the air gun sector, driven by an increase in shooting events and the use of air guns for pest control. Major global air gun manufacturers include Crosman Corporation, Air Force Airguns, Feinwerkbau GmbH, and GAMO Outdoor, S.L.U.
Strategic Insights
Drivers and Opportunities in the Air Gun Market
Growth of Air Gun Manufacturers and Online Retailers Worldwide
The air gun industry is progressing rapidly, with manufacturers witnessing considerable demand from both direct consumers and online retailers over the past five years. Since air guns are not classified as firearms, establishing new manufacturing facilities is relatively straightforward. The global air gun market is fragmented, with numerous players, and the number of manufacturers has been increasing. This growth in manufacturers is enhancing the market by providing a wider array of products. While the US and Europe have the highest concentration of air gun manufacturers, the Asia-Pacific region is also seeing a rise in new manufacturers. Notable global air gun manufacturers include Air Force Airguns, Velocity Outdoor (Crosman Corporation), Smith & Wesson, and GAMO Outdoor SLU. Additionally, online retailers are contributing to the growth of the air gun market by making it easier for customers to purchase air rifles and pistols, especially in areas with fewer manufacturers. Online distributors often offer competitive pricing, which attracts customers and stimulates market growth. Leading online air gun retailers include Airguns Europe, Pyramyd Air, and Airgun Depot, with this trend also gaining traction in developing countries, facilitating access for customers and further boosting market expansion.
Rising Demand for Air Rifles in Asia Pacific and the Middle East & Africa
The demand for air rifles is increasing rapidly in the Asia-Pacific region due to a rise in sports events and growing interest in hunting among the population. The region is known for its diverse hunting opportunities, including various wild goats and sheep. Countries like Australia, China, Japan, and others in Southeast Asia have legal hunting practices. For instance, in Australia, hunting regulations vary by territory and state, each with its own laws and licensing requirements. In Japan, individuals must be at least 18 years old to obtain a license for air guns and projectiles. Furthermore, several upcoming sports events in 2024 and 2031 will feature shooting, creating new opportunities for market participants in these regions. The increasing interest in hunting and sports events is driving the air gun market growth across Asia-Pacific countries, excluding India.
Segmentation Analysis of the Air Gun Market
Key segments contributing to the air gun market analysis include product type, ammunition, and accessories.
- The market is segmented by product type into rifles and pistols, with the pistol segment holding a larger market share in 2024.
- In terms of ammunition, the market is divided into airgun pellets, airgun BBs, big bore pellets, hunting pellets, cleaning pellets, and others, with airgun pellets dominating the market share in 2024.
- Accessory segmentation includes scopes, sights, mounts, binoculars, compressors, and others, with the sights segment leading in market share in 2024.
Geographical Market Share Analysis
The air gun market report is divided into five geographical regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
In 2024, North America led the market, followed by Europe and Asia Pacific, with the latter expected to experience the highest CAGR in the coming years. North America, particularly the US and Canada, has a high level of awareness regarding shooting sports, leading to increased participation in various airgun shooting activities, including bullseye shooting, field shooting, and more. The US held the largest market share in the North American air gun market in 2023. In Canada, individuals can legally purchase air guns at 18 years of age, but those with a muzzle velocity exceeding 500 feet per second or energy above 5.7 joules are classified as firearms and must be registered. Additionally, air guns with a muzzle velocity below 366 feet per second that resemble real firearms are prohibited.
Scope of the Air Gun Market Report
Recent Developments in the Air Gun Market
The air gun market analysis is based on qualitative and quantitative data collected through primary and secondary research, including corporate publications, association data, and databases. Recent developments in the air gun market include:
- Compass Diversified (NYSE: CODI) has announced the completion of its sale of Crosman Corporation, its air gun division, to Daisy Manufacturing Company.
- Air Venturi has introduced the Dragonfly Mk2, a new addition to their range of sporting air rifles.
Coverage and Deliverables of the Air Gun Market Report
The report titled "Air Gun Market Size and Forecast (2021-2031)" provides a comprehensive analysis of the market, covering the following areas:
- Market size and forecast at global, regional, and country levels for all key segments.
- Market trends and dynamics, including drivers, restraints, and opportunities.
- A detailed analysis using Porter's five forces framework.
- Insights into key market trends, global and regional frameworks, major players, regulations, and recent developments.
- An overview of the industry landscape and competition, including market concentration, heat map analysis, and recent developments.
- In-depth company profiles of key players.
Table Of Contents
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Air Gun - Market Landscape
- 4.1 Market Overview
- 4.2 Ecosystem Analysis
- 4.3 PEST Analysis
- 4.3.1 Air Gun Market and North America PEST Analysis
- 4.3.2 Air Gun Market and Europe PEST Analysis
- 4.3.3 Air Gun Market and APAC PEST Analysis
- 4.3.4 Air Gun Market and MEA PEST Analysis
- 4.3.5 Air Gun Market and SAM PEST Analysis
5. Air Gun Market and Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Growing Number of Sporting Events
- 5.1.2 Increasing Number of Air Gun Manufacturers and Online Distributors Across the Globe
- 5.2 Market Restraints
- 5.2.1 Increasing number of Stringent Regulation Regarding Possession of Air Guns
- 5.3 Market Opportunities
- 5.3.1 Escalating Demand of Air Rifles in APAC and MEA
- 5.4 Future Trends
- 5.4.1 Reduction in Prices of Air Gun in Developing Countries is Expected to Drive the Market
- 5.5 Impact Analysis of Drivers and Restraints
6. Air Gun Market and Global Market Analysis
- 6.1 Overview
- 6.2 Global Air Gun Market Revenue and Forecast to 2031 (US$ Mn)
- 6.3 Market Positioning - Top Five Players
7. Air Gun Market Analysis and By Product
- 7.1 Overview
- 7.2 Air Gun Market Revenue Share, by Product (2018 and 2031)
- 7.3 Rifles
- 7.3.1 Overview
- 7.3.2 Rifles: Air Gun Market Forecast and Analysis
- 7.4 Pistols
- 7.4.1 Overview
- 7.4.2 Pistols: Air Gun Market Forecast and Analysis
8. Air Gun Market Analysis and By Ammunition Type
- 8.1 Overview
- 8.2 Air Gun Market Revenue Share, by Ammunition Type (2018 and 2031)
- 8.3 Airgun Pellets
- 8.3.1 Overview
- 8.3.2 Airgun Pellets: Air Gun Market Forecast and Analysis
- 8.4 Airgun BB’s
- 8.4.1 Overview
- 8.4.2 Airgun BBs: Air Gun Market Forecast and Analysis
- 8.5 Big Bore Pellets
- 8.5.1 Overview
- 8.5.2 Big Bore Pellets: Air Gun Market Forecast and Analysis
- 8.6 Hunting Pellets
- 8.6.1 Overview
- 8.6.2 Hunting Pellets: Air Gun Market Forecast and Analysis
- 8.7 Cleaning Pellets
- 8.7.1 Overview
- 8.7.2 Cleaning Pellets: Air Gun Market Forecast and Analysis
- 8.8 Others
- 8.8.1 Overview
- 8.8.2 Others: Air Gun Market Forecast and Analysis
9. Airgun Market Analysis and By Accessories
- 9.1 Overview
- 9.2 Air Gun Market Revenue Share, by Accessories (2018 and 2031)
- 9.3 Scopes
- 9.3.1 Overview
- 9.3.2 Scopes: Air Gun Market Forecast and Analysis
- 9.4 Sights
- 9.4.1 Overview
- 9.4.2 Sights: Air Gun Market Forecast and Analysis
- 9.5 Mounts
- 9.5.1 Overview
- 9.5.2 Mounts: Air Gun Market Forecast and Analysis
- 9.6 Binoculars
- 9.6.1 Overview
- 9.6.2 Binoculars: Air Gun Market Forecast and Analysis
- 9.7 Compressors
- 9.7.1 Overview
- 9.7.2 Compressors: Air Gun Market Forecast and Analysis
- 9.8 Others
- 9.8.1 Overview
- 9.8.2 Others Market Forecast and Analysis
10. Global Air Gun Market and Geographic Analysis
- 10.1 Overview
- 10.2 North America: Air Gun Market
- 10.2.1 Overview
- 10.2.2 North America: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.2.3 North America: Air Gun Market Revenue Share, by Product (2018 and 2031)
- 10.2.4 North America: Air Gun Market, by Ammunition, 2018 and 2031 (%)
- 10.2.5 North America: Air Gun Market Revenue Share, by Accessories (2018 and 2031)
- 10.2.6 North America: Air Gun Market Revenue Share, by Country (2018 and 2031)
- 10.2.6.1 US: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.2.6.1.1 US: Air Gun Market, by Product
- 10.2.6.1.2 US: Air Gun Market, by Ammunition Type
- 10.2.6.1.3 US: Air Gun Market, by Accessories
- 10.2.6.2 Canada: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.2.6.2.1 Canada: Air Gun Market, by Product Type
- 10.2.6.2.2 Canada: Air Gun Market, by Ammunition Type
- 10.2.6.2.3 Canada: Air Gun Market, by Accessories
- 10.2.6.3 Mexico: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.2.6.3.1 Mexico: Air Gun Market, by Product
- 10.2.6.3.2 Mexico: Air Gun Market, by Ammunition Type
- 10.2.6.3.3 Mexico: Air Gun Market, by Accessories
- 10.2.6.1 US: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.3 Europe Air Gun Market Revenue and Forecasts to 2031
- 10.3.1 Europe Air Gun Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.3.2 Europe Air Gun Market Breakdown, By Product
- 10.3.3 Europe Air Gun Market Breakdown, By Ammunition Type
- 10.3.4 Europe Air Gun Market Breakdown, By Accessories
- 10.3.5 Europe Air Gun Market Breakdown, By Key Country
- 10.3.5.1 Germany Air Gun Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.3.5.1.1 Germany Air Gun Market Breakdown, By Product
- 10.3.5.1.2 Germany Air Gun Market Breakdown, By Ammunition Type
- 10.3.5.1.3 Germany Air Gun Market Breakdown, By Accessories
- 10.3.5.1.4 France Air Gun Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.3.5.1.5 France Air Gun Market Breakdown, By Product
- 10.3.5.1.6 France Air Gun Market Breakdown, By Ammunition Type
- 10.3.5.1.7 France Air Gun Market Breakdown, By Accessories
- 10.3.5.2 Italy Air Gun Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.3.5.2.1 Italy Air Gun Market Breakdown, By Product
- 10.3.5.2.2 Italy Air Gun Market Breakdown, By Ammunition Type
- 10.3.5.2.3 Italy Air Gun Market Breakdown, By Accessories
- 10.3.5.3 UK Air Gun Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.3.5.3.1 UK Air Gun Market Breakdown, By Product
- 10.3.5.3.2 UK Air Gun Market Breakdown, By Ammunition Type
- 10.3.5.3.3 UK Air Gun Market Breakdown, By Accessories
- 10.3.5.4 Russia Air Gun Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.3.5.4.1 Russia Air Gun Market Breakdown, By Product
- 10.3.5.4.2 Russia Air Gun Market Breakdown, By Ammunition Type
- 10.3.5.5 Rest of Europe Air Gun Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.3.5.5.1 Rest of Europe Air Gun Market Breakdown, By Product
- 10.3.5.5.2 Rest of Europe Air Gun Market Breakdown, By Ammunition Type
- 10.3.5.5.3 Rest of Europe Air Gun Market Breakdown, By Accessories
- 10.3.5.1 Germany Air Gun Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.4 APAC: Air Gun Market
- 10.4.1 Overview
- 10.4.2 APAC: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.4.3 APAC: Air Gun Market, by Product
- 10.4.4 APAC: Air Gun Market, by Ammunition Type
- 10.4.5 APAC: Air Gun Market, by Accessories
- 10.4.6 APAC: Air Gun Market, by Key Country
- 10.4.6.1 Australia: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.4.6.1.1 Australia: Air Gun Market, by Product
- 10.4.6.1.2 Australia: Air Gun Market, by Ammunition Type
- 10.4.6.1.3 Australia: Air Gun Market, by Accessories
- 10.4.6.2 China: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.4.6.2.1 China: Air Gun Market, by Product
- 10.4.6.2.2 China: Air Gun Market, by Ammunition Type
- 10.4.6.2.3 China: Air Gun Market, by Accessories
- 10.4.6.3 Japan: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.4.6.3.1 Japan: Air Gun Market, by Product
- 10.4.6.3.2 Japan: Air Gun Market, by Ammunition Type
- 10.4.6.3.3 Japan: Air Gun Market, by Accessories
- 10.4.6.4 India: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.4.6.4.1 India: Air Gun Market, by Product
- 10.4.6.4.2 India: Air Gun Market, by Ammunition Type
- 10.4.6.4.3 India: Air Gun Market, by Accessories
- 10.4.6.5 South Korea: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.4.6.5.1 South Korea: Air Gun Market, by Product
- 10.4.6.5.2 South Korea: Air Gun Market, by Ammunition Type
- 10.4.6.5.3 South Korea: Air Gun Market, by Accessories
- 10.4.6.6 Rest of APAC: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.4.6.6.1 Rest of APAC: Air Gun Market, by Product
- 10.4.6.6.2 Rest of APAC: Air Gun Market, by Ammunition Type
- 10.4.6.6.3 Rest of APAC: Air Gun Market, by Accessories
- 10.4.6.1 Australia: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.5 MEA: Air Gun Market, Revenue and Forecast to 2031
- 10.5.1 Overview
- 10.5.2 MEA: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.5.3 MEA: Air Gun Market Revenue Share, by Product
- 10.5.4 MEA: Air Gun Market Revenue Share, by Ammunition Type
- 10.5.5 MEA: Air Gun Market Revenue Share, by Accessories
- 10.5.6 MEA: Air Gun Market Revenue Share, by Country
- 10.5.6.1 UAE: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.5.6.1.1 UAE: Air Gun Market Breakdown, by Product
- 10.5.6.1.2 UAE: Air Gun Market Breakdown, by Ammunition Type
- 10.5.6.1.3 UAE: Air Gun Market Breakdown, by Accessories
- 10.5.6.2 Saudi Arabia: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.5.6.2.1 Saudi Arabia: Air Gun Market Breakdown, by Product
- 10.5.6.2.2 Saudi Arabia: Air Gun Market Breakdown, by Ammunition Type
- 10.5.6.2.3 Saudi Arabia: Air Gun Market Breakdown, by Accessories
- 10.5.6.3 South Africa: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.5.6.3.1 South Africa Air Gun Market Breakdown, by Product
- 10.5.6.3.2 South Africa Air Gun Market Breakdown, by Ammunition Type
- 10.5.6.3.3 South Africa Air Gun Market Breakdown, by Accessories
- 10.5.6.4 Rest of MEA: Air Gun Market, Revenue and Forecast to 2031 (US$ Mn)
- 10.5.6.4.1 Rest of MEA: Air Gun Market Breakdown, by Product
- 10.5.6.4.2 Rest of MEA: Air Gun Market Breakdown, by Ammunition Type
- 10.5.6.4.3 Rest of MEA: Air Gun Market Breakdown, by Accessories
- 10.5.6.1 UAE: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.6 SAM: Air Gun Market and Revenue and Forecast to 2031
- 10.6.1 Overview
- 10.6.2 SAM: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.6.3 SAM: Air Gun Market Revenue Share, by Product
- 10.6.4 South America: Air Gun Market, by Ammunition Type, 2018 and 2031 (%)
- 10.6.5 SAM: Air Gun Market Revenue Share, by Accessories
- 10.6.6 SAM: Air Gun Market Revenue Share, by Country
- 10.6.6.1 Brazil: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.6.6.1.1 Brazil: Air Gun Market Breakdown, by Product
- 10.6.6.1.2 Brazil: Air Gun Market Breakdown, by Ammunition Type
- 10.6.6.1.3 Brazil: Air Gun Market Breakdown, by Accessories
- 10.6.6.2 Rest of SAM: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
- 10.6.6.2.1 Rest of SAM: Air Gun Market Breakdown, by Product
- 10.6.6.2.2 Rest of SAM: Air Gun Market Breakdown, by Ammunition Type
- 10.6.6.2.3 Rest of SAM: Air Gun Market Breakdown, by Accessories
- 10.6.6.1 Brazil: Air Gun Market and Revenue and Forecast to 2031 (US$ Mn)
11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 Merger and Acquisition
- 11.4 New Development
12. Company Profiles
- 12.1 Feinwerkbau GmbH
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Carl Walther GmbH
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Morini Competition Arm SA
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Daisy Outdoor Products Inc.
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Smith and Wesson
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Airforce Airguns
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Velocity Outdoor Inc.
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Sport Manufacturing Group Inc.
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 STURM, RUGER and COMPANY, INC.
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 GAMO OUTDOOR, S.L.U.
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Financial Overview
13. Appendix
- 13.1 About The Insight Partners
- 13.2 Glossary of Terms
