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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.
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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.
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