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Sports Guns Market Research Report 2020 Analysis Revealing Key Drivers & Growth Trends

Shabaz Sayyed
Sports Guns Market Research Report 2020 Analysis Revealing Key Drivers & Growth Trends

The global Sports Guns Market is poised to expand at a significant growth rate of 4.8% during the forecasted period to attain a valuation of USD 3.46 billion by 2027, according to the recent study by Emergen Research. The key elements influencing the market expansion are the surging adoption of sports gun for training purposes, entertainment purposes, soaring interest in hunting, and the use of sports gun for non-lethal use.

The all-encompassing study pertaining to the market share, growth and size equip stakeholders, business owners, and field marketing personnel to obtain a unique knowledge about the current business environment to offer a competitive advantage over the giants. Deep dive into past, present, and future industry trends include in the market intelligence report reveals a lot about the strategic capabilities business owners can leverage to gain a strong foothold in the business world. 

Market Size – USD 2.36 billion in 2019, Market Growth - CAGR of 4.8%, Market Trends – Surging attraction for shooting games in international sports events

Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2017-2027)

  • Pistols
  • Machine Guns
  • Revolvers
  • Rifles
  • Carbines
  • Shotguns
  • Others

Application Outlook (Volume, Thousand Units; Revenue, USD Billion; 2017-2027)

  • T Recreational Sports
  • raining & Demonstration

Distribution Channel Outlook (Volume, Thousand Units; Revenue, USD Billion; 2017-2027)

  • Sport Goods Stores
  • Gun Stores
  • Online
  • Others

Materials Used Outlook (Volume, Thousand Units; Revenue, USD Billion; 2017-2027)

  • Polymer
  • Aluminum
  • Steel
  • Others

Asia Pacific market is forecasted to register a significant growth commanded by China, India, and South Korea, among others due to the expansion of the defense and law enforcement budget. Moreover, the soaring demand for shooting games and increased attraction towards sports events coupled with economic development is driving the need for sports guns in the region.

Key participants of the industry are Smith & Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, & Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta S.p.A., and Raytheon Company, among others.

In market segmentation by geographical regions, the report has analysed the following regions-       

    North America (USA, Canada and Mexico)     Europe (Germany, France, UK, Russia and Italy)     Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.)     Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

The research provides answers to the following key questions:

  • What is the estimated market size and growth rate of the Sports Guns market for the forecast period 2020-2027?
  • What are the key driving forces likely to influence the progress of the market worldwide?
  • Who are major market players planning to make a mark in the Sports Guns market? What are their winning strategies?
  • What are the important trends influencing the growth of the Sports Guns market across different regions?
  • Which factors can act as a real barrier and restrict the progress of the market?
  • What are the opportunities business owners can bank on for the forecast period 2020-2027?
Shabaz Sayyed
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