Market Size of Sports Gun Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.38 % |
| Fastest Growing Market | South America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sports Gun Market Analysis
The global sports gun market is projected to register a CAGR of 6.38% over the next five years.
- The shooting games are gaining popularity in the Olympics and Commonwealth games, encouraging sports participation worldwide. Additionally, the rising participation of national-level shooting sports by college and school students is significantly driven by several organizations further to raise the rate of participation from the grass-root level is predicted to boost the growth of the sports gun market globally. Sports guns have been gaining a significant market share through the recreational shooting segment and are expected to boost the demand for sports guns during the forecast period.
- The COVID-19 outbreak disrupted the sporting schedule and affected some of the 2020s most significant events, which, in turn, also hampered the market for sports guns on a large scale through such events.
- In the initial phase of covid-19, major international sporting events were canceled or delayed due to the outbreak, including the Tokyo Olympics and Paralympics, The World Cup in rifle/pistol, and the Junior World Championship for rifle, pistol, and shotgun.
- As the COVID-19 cases were decreasing in the mid of 2021, several sports games and events that were delayed were held by maintaining proper COVID-19 restrictions. In 2021 ISSF Junior World Championships was held in Lima, Peru, for Pistol, Rifle, and Shotgun, Tokyo 2020 Paralympic Games were held in 2021, and several other sports games and events appeared this year which is expected to accelerate the growth of the sports gun market globally.
