Sports Gun Market By Type (Rifles, Shotguns, Handguns, Air rifles) , By Application (Competitive shooting, Recreational shooting, Hunting and sports training) By End User (Recreational shooters, Professional shooters, Hunting enthusiasts, Sports organizations) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Sports Gun Market
The sports gun market was valued at $36.2 billion in 2023 and is projected to reach $53.5 billion by 2033, growing at a CAGR of 4.1% from 2024 to 2033.
A sports gun is a firearm utilized for competitive sports or recreational purposes. There are different types of sports guns with distinct characteristics and shooting ranges such as pistols, rifles, and shotguns. The major attributes incorporated in the designing of a sports gun include precision engineering, adjustable triggers, advanced sight system, flexible stocks, and cutting-edge safety framework.
Increase in the popularity of shooting as a competitive sport is a major driver of the sports gun market. Different types of guns are required to cater to different categories of shooting sports such as skeet shooting, target shooting, and sporting clays. In addition, technological advancements in gun manufacturing, including enhanced firing mechanisms with low recoil, augment the development of the market. Furthermore, rise in disposable income of individuals across various regions has boosted the sale of sports guns for recreational purposes. Efforts by manufacturers toward reducing the mass of sports guns are emerging as a key trend in the market. The usage of lightweight materials such as titanium components and carbon fiber barrels is acquiring notable traction as these materials reduce the overall weight, along with elevating the life span.
However, the stringent regulatory landscape surrounding the sale and purchase of sports guns, particularly for recreational uses, hamper the growth of the market. Moreover, rise in concerns pertaining to safety and potential misuse for crime is a significant restraint for the sports gun market. On the contrary, constant increase in interest of adults toward sport shooting is presenting lucrative opportunities for the market. According to a survey conducted by The Firearm Industry Trade Association in the U.S. in 2022, the rate of adult participation in sport shooting in America increased by 24.1% from 2009 to 2022. This accelerating interest is projected to open new avenues for the sports gun market.
Segment ReviewThe sports gun market is segmented into type, application, end user, and region. On the basis of type, the market is divided into rifles, shotguns, handguns, and air rifles. Depending on application, it is classified into competitive shooting, recreational shooting, and hunting & sports training. As per end user, it is categorized into recreational shooters, professional shooters, hunting enthusiasts, and sports organizations. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA
Key FindingsOn the basis of type, the rifles segment dominated the market in 2023.
Depending on application, the competitive shooting segment acquired a high stake in the market in 2023.
As per end user, the recreational shooters segment held a high share of the market in 2023.
Region wise, North America was the highest revenue generator in 2023.
Competition AnalysisThe leading players operating in the global sports gun market include Remington Arms Company, Beretta, Ruger, Browning, SIG Sauer, Inc., Benelli, Smith & Wesson, Heckler & Koch, CZ, and Steyr Mannlicher. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Key Market SegmentsBy TypeRifles
Shotguns
Handguns
Air rifles
By ApplicationCompetitive shooting
Recreational shooting
Hunting and sports training
By End UserRecreational shooters
Professional shooters
Hunting enthusiasts
Sports organizations
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Malaysia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market PlayersRemington Arms Company
Beretta
Ruger
Browning
SIG Sauer, Inc.
Benelli
Smith & Wesson
Heckler & Koch
CZ
Steyr Mannlicher