Top Growth Trends in the Sports Gun Market: Key Insights and Opportunities for 2025-2034
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How has the sports gun market size evolved in recent years?
The market size for sports firearms has considerably expanded in the past few years. It is projected to grow from a valuation of $2.43 billion in 2024 to approximately $2.57 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.8%. Factors like cultural heritage, influence of the military, safety and reliability, global disputes, development of the sports industry, and an increase in participation in shooting sports have contributed to this historical period of growth.
What are the predictions for the sports gun market size in the coming years?
We anticipate a robust expansion in the sports gun market over the ensuing years, with its valuation expected to reach $3.33 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this growth during the projected period include increased youth participation, concerns about the environment and sustainability, changes in culture and recreation, adoption of modular designs, and an emphasis on training and enhancing skills. Key trends during this period comprise of marketing and branding techniques, customization and personalization of products, competitive shooting activities, modularity and versatility, as well as innovation in materials.
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What key factors are fueling the growth of the sports gun market?
The expected growth of the sports gun market is being propelled by an increase in global participation in shooting sports. These sports, which involve the use of weapons such as pistols and rifles to aim at targets, highlight a shooter’s control, precision, and speed. They are gaining popularity due to a heightened sense of firearm safety, increased access to training programs, and a surge in competitive shooting events that foster community engagement. The sport creates a significant demand for firearms and accessories, thereby fueling the growth of the sports gun sector. This demand also prompts manufacturers to innovate and expand their product range. According to the 2023 Special Report on Hunting by Outdoor Industry Association, a non-profit organization based in the US, about 14.7 million Americans engaged in hunting using a firearm or bow in 2022. This marked a 1% rise from 2021. Consequently, the worldwide increase in participation in shooting sports is propelling the growth of the sports gun market.
How is the global sports gun market divided into key segments?
The sports gun market covered in this report is segmented –
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
Subsegments:
1) By Pistols: Semi-Automatic Pistols, Single Action Pistols, Double Action Pistols
2) By Revolvers: Single Action Revolvers, Double Action Revolvers
3) By Rifles: Bolt-Action Rifles, Semi-Automatic Rifles, Lever-Action Rifles, Pump-Action Rifles
4) By Machine Guns: Light Machine Guns, Heavy Machine Guns
5) By Shotguns: Pump-Action Shotguns, Semi-Automatic Shotguns, Break-Action Shotguns
6) By Carbines: Semi-Automatic Carbines, Bolt-Action Carbines
7) By Other Types: Air Guns, Paintball Guns, BB Guns
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Who are the key firms paving the way for growth in the sports gun market?
Major companies operating in the sports gun market are American Outdoor Brands Corporation, J.G. Anschütz 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.
Which trends are expected to transform the sports gun market?
Major players in the sports gun market are concentrating their efforts on rolling out innovative product offerings like semi-automatic shotguns, with the aim of boosting shooting precision and enhancing user experiences. Semi-automatic shotguns are a variety of shotgun that automatically loads the next round post-firing, enabling shooters to quickly dispatch several rounds without needing to reload manually between shots. For example, in January 2022, Italy’s Beretta, a firearms manufacturer, unveiled its A400 Xcel Sporting, which uses Beretta’s Steelium barrel technology. The A400 Xcel comprises Beretta’s ultra-fast BLINK gas operating technology with a cross-tube gas piston, providing a cycling speed 36% faster than its competitors. The A400 Xcel Sporting also provides a larger grip and utilises Beretta’s Kick-Off recoil reduction system, contributing to its improved stability, control, and comfort, facilitating faster target acquisition.
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What regions are contributing significantly to the growth of the sports gun market?
North America was the largest region in the sports gun market in 2024. 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.
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