Sports Gun Market is Projected to Grow Expeditiously: to Reach USD 2.78 Billion by 2027, Report

the global sports gun market is expected to reach $2,779.0 Million by 2027 at a CAGR of 9.7%from 2020 to 2027

WILMINGTON, DE, UNITED STATES, January 2, 2025 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Sports Gun Market by Gun Type (Rifle, Pistol, and Shotgun), Application (Competitive Shooting and Recreational Sports), and Distribution channel (Gun Stores, Sporting Goods Stores, Online and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global Sports Gun market garnered $2.43 billion in 2019, and is estimated to reach $2.77 billion by 2027, registering a CAGR of 9.7% from 2020 to 2027.

Drivers, restraints, and opportunities-

Great advances in sports guns, upsurge in women participants, and rise in aspiring new shooters drive the growth of the global sports gun market. However, strict government regulations for sale and purchase of the sports gun and mass shooting and gun violence among youngsters hinder the market growth. On the other hand, rise in popularity of the shooting sports and increase in preference of sports as careers in youth are anticipated to offer new opportunities in the coming years.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/6736

The pistol segment to maintain its lead status-

Based on gun type, the pistol segment accounted for nearly two-fifths of the global sports gun market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to increase in participation in pistol shooting and rise in popularity of the cowboy mounted shooting. However, the rifle segment is estimated to portray the highest CAGR of 10.3% from 2020 to 2027. The growing popularity of the modern sporting rifles that are used by hunters, competitors, civilians drives the growth of the segment.

The competitive shooting segment to maintain its leadership position-

Based on applications, the competitive shooting segment contributed to the highest market share with more than half of the global sports gun market in 2019, and is estimated to maintain its leadership position during the forecast period. This is due to the rise in participation and considerable investment of time and money in various levels of shooting competitions across the globe. However, the recreational sports segment is estimated to generate the fastest CAGR of 10.6% from 2020 to 2027. This is attributed to its benefits such as improved physical fitness, mental health, quality of life, fun, and social involvement.

North America is anticipated to dominate the market by 2027-

Based on region, North America accounted for the highest share based on revenue, holding for more than half of the global sports gun market in 2019, and is projected to maintain its dominant position throughout the forecast period. This is due to the increasing number of civilian with legal firearms and growing popularity of the shooting sports in this region. However, Asia-Pacific is estimated to generate the fastest CAGR of 12.0% from 2020 to 2027. This is attributed to the initiatives taken by emerging economies such as China and India by launching schemes to promote shooting sports.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐚𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/6736

Leading market players
Abercrombie & Kent USA
Classic Journeys
G Adventures
Greaves Travel
India Food Tour
ITC Travel Group Limited
The FTC4Lobe Group
The Travel Corporation
Topdeck Travel
Tour Radar.

𝐓𝐑𝐄𝐍𝐃𝐈𝐍𝐆 𝐑𝐄𝐏𝐎𝐑𝐓𝐒 :-
𝐇𝐚𝐧𝐝𝐡𝐞𝐥𝐝 𝐅𝐚𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/handheld-fans-market-A17759
𝐇𝐨𝐦𝐞 𝐑𝐞𝐡𝐚𝐛𝐢𝐥𝐢𝐭𝐚𝐭𝐢𝐨𝐧 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/home-rehabilitation-products-market-A16857

David Correa
Allied Market Research
+ +1 800-792-5285
email us here
Visit us on social media:
Facebook
X