Sport Guns Market to Grow with a CAGR of 5.46% through 2029

The global sport guns market is growing due to rising interest in shooting sports, increased disposable incomes, and technological advancements in gun design and manufacturing.

According to TechSci Research report, “Sport Guns Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the global Sport Guns market stood at USD 2.39 billion in 2023 and is expected to grow USD 3.28 billion by 2029 with a CAGR of 5.46% during the forecast period. The global sport guns market is a dynamic sector characterized by a diverse range of products and evolving consumer preferences. This market encompasses firearms designed specifically for recreational shooting, including target shooting, hunting, and competitive sports. As interest in these activities grows, so too does the demand for sport guns, reflecting a broader trend towards increased participation in shooting sports worldwide.

One of the primary drivers of the global sport guns market is the rising interest in shooting sports. Activities such as target shooting and hunting have seen a resurgence in popularity, driven by factors such as increased media exposure and the establishment of more shooting ranges and clubs. This growing enthusiasm is not limited to traditional demographics but includes a wider audience, including younger individuals and women. Competitive shooting events, from local tournaments to international championships, further fuel this interest by showcasing the sport and attracting new participants.

The growth of shooting ranges and clubs has further fueled the sport guns market. These facilities provide enthusiasts with access to safe and controlled environments where they can practice and compete. The proliferation of shooting ranges has made the sport more accessible, attracting a broader audience and encouraging regular participation. Many shooting ranges also offer training programs and certifications, which are essential for beginners and contribute to the sport's growth. The presence of these facilities not only supports the sport but also drives demand for sport guns and related equipment.

Despite these positive trends, the global sport guns market faces several challenges. Regulatory restrictions and compliance issues are significant hurdles for the industry. Many countries have stringent laws governing the sale, ownership, and use of firearms, including sport guns. Navigating these regulations can be complex and resource-intensive for manufacturers and retailers. Changes in regulations can impact market dynamics, affecting product availability and consumer access.

Public perception and social concerns about gun ownership also pose challenges to the sport guns market. In many regions, firearms are associated with violence and crime, leading to negative attitudes towards gun ownership. This perception can influence legislation and consumer behavior, potentially limiting market growth. Manufacturers and industry stakeholders must address these concerns by promoting responsible gun ownership and emphasizing safety features to improve public perception. 

Browse over xx market data Figures spread through xx Pages and an in-depth TOC on "Global Sport Guns Market”  

The global sport guns market is segmented into product type, application, distribution channel, regional distribution, and company.

Based on product type, the shotgun segment is the fastest-growing segment in the global sport gun market, driven by several key factors. Shotguns are increasingly popular due to their versatility and wide range of applications in shooting sports, including clay pigeon shooting, hunting, and competitive shooting events. Their adaptability and ease of use make them attractive to both novice and experienced shooters. Technological advancements in shotguns have further fueled their growth. Modern shotguns feature enhanced materials, improved recoil management, and advanced sighting systems, which contribute to better performance and user experience. Innovations such as adjustable stocks and customizable chokes also cater to individual preferences, increasing their appeal. The rising popularity of shooting sports is another significant driver. Events like trap and skeet shooting attract a broad audience, including youth and women, expanding the market for shotguns. The establishment of more shooting ranges and clubs has made access to shotguns easier, encouraging participation in these activities.

Major companies operating in global Sport Guns market are:

• Daisy Outdoor Products Inc.
• J.G. ANSCHÜTZ GmbH & Co. KG
• Herstal SA
• The Kinetic Group
• Howa Machinery, Ltd.
• American Outdoor Brands, Inc.
• Carl Walther GmbH
• Beretta Holding S.A.
• SIG SAUER, Inc.
• Colt’s Manufacturing Company LLC

Download Free Sample Report

Customers can also request for 10% free customization in this report.

“The global sport guns market is expanding due to growing interest in shooting sports, technological advancements, and rising disposable incomes. The market benefits from innovations in firearm technology, including lightweight materials and smart features, which enhance user experience and safety. Despite these opportunities, the market must navigate regulatory complexities and address social concerns to sustain growth and adapt to evolving consumer preferences.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

Sport Guns Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Rifle, Pistol, Shotgun), By Application (Competitive Shooting, Recreational Sport), By Distribution Channel (Offline, Online), By Region & Competition, 2019-2029F”, has evaluated the future growth potential of global Sport Guns market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Sport Guns market.

Contact Us-

TechSci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

M: +13322586602

Email: [email protected]