Sniper Rifle Market ‚ Segmented by Purpose, by Capability, and by Geography - Growth, Trends, and, Forecast (2019 - 2024)

Sniper Rifle Market ‚ Segmented by Purpose, by Capability, and by Geography - Growth, Trends, and, Forecast (2019 - 2024)

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Increase in Procurement of Sniper Rifles by Armed Forces around the World to Drive the Market

The sniper rifle market is gradually increasing and occupies a huge market all over the world. As the defense budgets of developing countries and the emerging economies increase, countries will want to replace the ageing sniper rifles with their law enforcement and armed forces. The sniper rifle market is slated to grow rapidly over the next few years, overcoming the slowdown in the United States, which is showing slow growth at present. The major drivers of the sniper rifle market will be India, China, and Middle-East over the next few years.

Civilian procurement of rifles for sport is also on the rise, which is one of the main drivers of the market. Rising geopolitical tensions and terrorism in many parts of the world are also driving the need for more efficient and effective sniper rifles to curb these activities. The increasing need to maintain a sufficient stock of weapons and ammunition is also driving the market. Some of the factors restraining the market are high R&D costs and regulations to curb the ownership of rifles.

The United States is one of the key suppliers of arms and ammunition to many countries around the world and is likely to stay a key supplier for the forecast period, mostly due to increase in agreements with the military organizations in developing countries.  Russia is also a key supplier of heavy weapons as well as impressive R&D activities in the sniper rifle segment.

                                                      Sniper Rifle Market: Revenue in USD million, Global, 2016 - 2023

                                               

                                                Source: Mordor Intelligence Analysis

Key Developments:

December 2017 - New report claims Russian sniper rifle could change the shape of future battlefields

December 2017 - US military approves sale of sniper rifles, scopes, and ammunition to Ukraine

Key Players: S and T Motiv Co., FN HERSTAL, Savage, Mechanical and Chemical Industry Corporation, Knight's Armament Co., amongst others.

Reasons to Purchase the Report:

  • To study current and future market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Detailed study of the segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

                1.1 Scope of Study

                1.2 Market Definition

                1.3 Executive Summary

2. Research Methodology

                2.1 Study Deliverables

                2.2 Study Assumptions

                2.3 Research Phases

3. Market Insights

                3.1 Current Market Scenario

                3.2 Industry Attractiveness - Porter's Five Forces Analysis

                                3.2.1 Bargaining Power of the Suppliers

                                3.2.2 Bargaining Power of the Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Competitive Rivalry within the Industry

4.  Market Dynamics

5. Drivers

                5.1 Increasing Procurement of Sniper Rifles by Armed Forces around the World

6. Restraints

                6.1 High R&D Costs and Regulations

7. Opportunities

8. Sniper Rifle Market, Segmented by Purpose

                8.1 Telescopic Sights

                8.2 Action

                                8.2.1 Bolt Action

                                8.2.2 Gas Operators/ Semi-Automatic

                8.3 Cartridge

                8.4 Barrel

                8.5 Stock

9. Sniper Rifle Market, Segmented by Capability

                9.1 Accuracy

                9.2 Maximum Effective Range

10. Sniper Rifle Market, Segmented by Geography

                10.1 North America

                                10.1.1 US

                                10.1.2 Canada

                                10.1.3 Mexico

                                10.1.4 Rest of North America

                10.2 Europe

                                10.2.1 Germany

                                10.2.2 UK

                                10.2.3 France

                                10.2.4 Italy

                                10.2.5 Spain

                                10.2.6 Russia

                                10.2.7 Rest of Europe

                10.3 Asia-Pacific

                                10.3.1 China

                                10.3.2 Japan

                                10.3.3 India

                                10.3.4 Australia

                                10.3.5 South Korea

                                10.3.6 Rest of Asia-Pacific

                10.4 Middle-East & Africa

                                10.4.1 UAE

                                10.4.2 Saudi Arabia

                                10.4.3 South Africa

                                10.4.4 Rest of Middle-East & Africa

                10.5 South America

                                10.5.1 Brazil

                                10.5.2 Argentina

                                10.5.3 Rest of South America

11. Competitive Landscape

                11.1 Introduction

                11.2 Market Share Analysis

12. Company Profiles

                12.1 S&T Motiv Co., Ltd.

                12.2 Savage

                12.3 FN HERSTAL

                12.4 Mechanical and Chemical Industry Corporation

                12.5 Knights Armament Co

                12.6 Accuracy International

                12.7 Armalite

                12.8 SIG Holding AG

                12.9 Zastava arms

                12.10 Brugger and Thomet

                12.11 Denel

                12.12 PGM Précision

13. Future Market Outlook

14. Disclaimer

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