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Global Sports Gun Market to Reach About USD 2.86 Billion by 2027, Aided by the Expansion of Shooting Ranges

According to a new report by EMR titled, ‘Global Sports Gun Market Report and Forecast 2022-2027’, the global market for sports gun is expected to grow at a CAGR of 9.2% in the forecast period of 2022-2027 to reach a value of approximately USD 2.86 billion by 2027.

The introduction of various favourable government initiatives to promote recreational shooting and hunting by expanding existing shooting ranges is propelling the market. With the surging interest in outdoor and adventurous activities, especially by the young population, the demand for sports guns is significantly rising. Various organisations are increasingly organising recreational shooting events and challenges, especially in developed countries, which is also bolstering the demand for sports guns. As several premier shooting complexes offering families and people an opportunity to participate in numerous shooting sports are being developed, the sales of sports guns are rising. In addition, the increasing popularity of shooting as a sport in emerging economies is anticipated to provide impetus to the market for sports gun in the forecast period.

Sturm, Ruger & Co., Inc. (NYSE: RGR), one of the leading companies in the market, expanded its Ruger® Mark IV™ 22/45™ Lite range of rimfire pistols in May 2022. The new model includes an anodised and ported aluminium receiver offering a natural finish that contrasts its black barrel and grip. It combines a precision-moulded, lightweight, and polymer grip frame with a ported and anodised aluminium receiver to offer the look of a customised pistol. It weighs merely 25 oz. and is chambered for the .22 LR cartridge, due to which it is reliable and fun to shoot. Furthermore, Picatinny rail is installed for easy mounting of optics in the model, while it also features adjustable target sights and a factory-threaded 1/2"-28 muzzle. Such favourable properties make the model for outdoor applications such as small game hunting, target shooting, plinking, and competitive shooting, among others.

Market Analysis by Gun Type, Distribution Channel, Application, and Region:

  • The market, on the basis of gun type, can be divided into rifle, pistol, and shotgun, among others.
  • The distribution channels for sports gun include gun stores, sporting goods stores, and online, among others.
  • Based on application, the market can be divided into competitive shooting and recreational sports.
  • The regional markets for sports gun include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing awareness regarding the benefits of shooting sports is surging the demand for sports gun.
  • The market is being aided by the legalisation of hunting and shooting in various countries, along with the growing gun ownership.
  • The increasing availability of sporting guns owing to the robust growth of the e-commerce sector is fuelling the market.
  • The surging development of innovative shooting complexes are bolstering interest in shooting activities, hence invigorating the market for sports gun.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for sports gun for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the gun types, distribution channels, applications, and major regions of sports gun.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global sports gun market are American Tactical Inc., Crosman Corporation, J.G. ANSCHÜTZ GmbH & Co.KG, Howa Machinery, Ltd., and Sturm, Ruger & Co., Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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