The global sports gun market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. One of the core factors that is driving the market is the increasing participation of the population in various shooting sports across the globe. Shooting sports had been in society for centuries, and have been spreading across the globe. There are multiple shooting games now that have been participated by numerous players. 6 shooting events executed at the 2018 Summer Youth Olympics which was 4 at the 2014 Summer Youth Olympics. The games are highly competitive, and popular among the people which has increased the demand for sports guns with rising participation.

Impact of COVID-19 Pandemic on Global Sports Gun Market

COVID-19 pandemic impacted most of the sports goods industries including sports guns. The spread of the virus restricted people from gathering events further impacting national and international sports events such as Tokyo Olympics and Paralympics, The World Cup in rifle/pistol, and the Junior World Championship for rifle, pistol, and shotgun, which in turn decreased the demand for sports guns. However, the market bounced back in the mid of 2021 owing to the decreased numbers of COVID-19 cases numerous sports events and games delayed earlier were held by continuing proper COVID-19 restrictions. For instance, in 2021, ISSF Junior World Championships were organized in Lima, Peru for Rifle, Pistol, and Shotgun. Furthermore, Tokyo 2020 Paralympic Games were also organized in 2021 and numerous other sports events and games appeared in that year which is projected to fuel the growth of the sports gun market, globally.

Segmental Outlook 

The global sports gun market is segmented based on product type and distribution channel. Based on the product type, the market is segmented into rifles, pistols, and shotguns. Based on the distribution channel, the market is sub-segmented into gun stores, sporting goods stores, and online. The above-mentioned segments can be customized as per the requirements. Based on product type, the pistol segment is expected to grow significantly in the market while based on distribution channels, online channel to grow significantly during the forecast period.

Global Sports Gun Market Share by Product Type, 2021 (%)

The Pistol Segment is Anticipated to Grow Significantly in the Global Sports Gun Market

Based on product type, the pistol segment is anticipated to grow significantly in the market during the forecast period. The pistol has been one of the most favored adoptions of aspiring shooters, as it is appropriate to handle, and easy to fire as compared to other product types such as shotgun and rifle. The growing participation of players in pistol shooting in the commonwealth and Olympic games has created high demand for a pistol in the market over the years. There are various sports and events conducted by the Olympic committee such as 25m Rapid Fire Pistol, 25m Pistol, 10m Air Pistol, and 10m Air Pistol through women’s and men's events.

Regional Outlooks

The global sports gun market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Asia-Pacific region is anticipated to grow at the fastest rate while North America is anticipated to hold the prominent share in the market during the forecast period.

Global Sports Gun Market Growth, by Region 2022-2028

The Asia-Pacific Region Anticipated to Grow Fastest in the Global Sports Gun Market

Based on region, the Asia-Pacific region is anticipated to grow at the fastest rate in the market during the forecast period owing to the increasing participation in Asian sports games and several other sports events witnessing growing demand for sports guns. In the region, several countries such as China, India, Japan, South Korea, and others are involved in shooting sports or any other shooting games, or self-defense training. The growing interest of people in shooting sports fueled the establishment of the Philippine Practical Shooters Association (PPSA) and it has been observing a noteworthy rise in the sports gun market. Such competitiveness has boosted these games, which has also increased the number of events that organizes shooting games. In India, "Khelo India" was first organized in 2018 by the Government of India, to inculcate a sporting culture among its population, which has amplified the demand for many sporting equipments including sports guns. The event has been organized by government every year which is rising participation every year.

Market Players Outlook

The major companies serving the global sports gun market include Carl Walther GmbH, Fabbrica d’Armi Pietro Beretta S.p.A., SMITH & WESSON BRANDS, INC, Sturm, Ruger & Co., Inc., Vista Outdoor Inc. (Remington Ammunition), and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2021, Fabbrica d’Armi Pietro Beretta S.p.A. acquired 100% of luxury brand Holland & Holland Ltd., which provides handmade shotguns and rifles. The company signed this contract to enlarge its business with this luxury brand across the globe.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global sports gun market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.