.png)
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)
Report Customization and Benefits:
This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.
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
