Market Size – USD 2.36 billion in 2019, Market Growth – CAGR of 4.8%, Market Trends – Higher demand for the sports guns in the international multi-sport events
The Global Sports Guns Market is forecasted to be worth USD 3.46 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market growth include growing adoption of the Sports Guns for training purposes, rising sports events that include shooting games, increasing interest in hunting, and applicability of the Sports Guns in nonlethal usage, to name a few.
Besides, the extensive rise in the cross-border conflicts that restricts the usage of firearms, growing adoption of the Sports Guns for non-deadly self-defense are some of the additional reasons behind the remarkable growth of the market. Also, reduced manufacturing costs of the guns with the help of 3D printing mechanisms, growing demand for the smart guns, and increasing usage of the polymer in the arms industry are some of the subordinate market propelling factors that create a huge breakthrough in the market growth.
The regions in the Asia Pacific lead by China, India, Pakistan, and South & North Korea are allotting a considerable budget for their defense & law enforcement grooming purposes. Besides, the remarkable demand for the shooting games & higher proliferation of the sports events, along with higher economic development and enhancement in the manufacturing industry, deliberately help propel market enforcement.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
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Key players in the market Smith & Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, & Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta S.p.A., and Raytheon Company, among others.
Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Pistols
Revolvers
Rifles
Machine Guns
Shotguns
Carbines
Others
Application Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Training & Demonstration
Recreational Sports
Distribution Channel Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Gun Stores
Sport Goods Stores
Online
Others
Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Steel
Aluminum
Polymer
Others
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Sports Guns Market Segmentation & Impact Analysis
4.1. Sports Guns Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing emphasize on the non-deadly self-defense
4.2.2.2. Restriction on the firearms in the cross-border conflicts
4.2.2.3. The higher proliferation of the shooting games in sports events
4.2.3. Market restraints analysis
4.2.3.1. Regulatory hurdles & higher cost associated with it
4.2.3.2. Inefficient research methodologies
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Sports Guns Market By Type Insights & Trends, Revenue (USD Billion) (Thousand Units)
5.1. Type Dynamics & Market Share, 2019 & 2027
5.1.1. Pistols
5.1.2. Revolvers
5.1.3. Rifles
5.1.4. Machine Guns
5.1.5. Shotguns
5.1.6. Carbines
5.1.7. Others
Continue…
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