The latest report on “Sports Gun Market (Product Type – Rifles, Pistols, Shotguns, and Revolvers; Caliber Type – 9 mm, 0.38 Caliber, 12 Gauge, 0.38 Special, and Other Caliber Types): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global sports gun market is projected to grow at a CAGR of 4.2% over the forecast period of 2019-2025.
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The major players in the sports gun market are focusing on mergers and acquisitions to maximize their market share. Companies need to follow the rules and regulations of the government regarding safety. The major demand for sports guns is from shooting game players. The leading players are investing in research and marketing to analyze the market trend.
Increasing Popularity of Shooting Games in the Olympics And Commonwealth Games Drive the Growth of the Sports Gun Market
The increasing popularity of shooting games in the Olympics and Commonwealth games drive the growth of the sports gun market. The shooting sports for paralyzed persons encourage participation in Paralympics gaming events that contribute to the growth of the sports gun market. The rising awareness about health benefits associated with sporting games such as enhanced ability to focus, improved concentration fuel the growth of the sports gun market.
In addition, sports guns are comparatively lighter and compact than other guns. This makes it easier to use that propel the growth of the sports gun market. These guns are easier to carry as well. On the flip side, the high cost of manufacturing and importing sports guns hinders the growth of the sports guns market. The rising concern about the misuse of sports guns restraints the growth of the sports gun market. Moreover, innovations through research create novel opportunities for the growth of the sports gun market.
North America Region is Expected to Hold a Dominant Share in the Global Sports Gun Market
Geographically, the global sports gun market is segmented into North America, Asia-Pacific, Europe, and the Rest of the World. The North America region is expected to hold a dominant share in the global sports gun market. The increasing participation in sporting events drives the growth of the sports gun market in North America. Europe is expected to grow in the global sports gun market with a healthy CAGR over the forecast period. The rising shooting games fuel the growth of the Europe sports gun market. Asia-Pacific region is growing in the global sports gun market due to increasing public awareness about the health benefits of sports.
The report on the global sports gun market covers segments such as product type, and caliber type. On the basis of product type, the sub-markets include rifles, pistols, shotguns, and revolvers. On the basis of caliber type, the sub-markets include 9 mm, 0.38 caliber, 12 gauge, 0.38 special, and other caliber types.
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The report provides profiles of the companies in the market such as Howa Machinery, Ltd., Sturm, Ruger & Co., Inc., Smith & Wesson, Miroku Corporation, Beretta Holding S.p.A., German Sport Guns GmbH, Creedmoor Sports, Inc., Dick’s Sporting Goods, Inc., J. G. Anschütz GmbH & Co. KG, Browning Arms Company, and Other companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the sports gun.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.