Global V-Shaped Tactical Bipod Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global V-Shaped Tactical Bipod Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Bipods are a common weapon accessory that helps users adapt to uneven, rough surfaces such as the ground or walls and provides a more ergonomic solution. Bipods provide a stable shooting platform, reducing the burden on the arms and minimizing shaking or shifting, which can improve shooting accuracy. V-shaped tactical bipods are commonly used on rifles and machine guns for mountain hunting, rifle competition, or combat.

Market Overview:

The latest research study on the global V-Shaped Tactical Bipod market finds that the global V-Shaped Tactical Bipod market reached a value of USD 123.63 million in 2023. It’s expected that the market will achieve USD 144.64 million by 2029, exhibiting a CAGR of 2.65% during the forecast period.

The firearms and ammunition industry is also facing cost pressures, including increased competition, scarcity of raw materials such as copper and gunpowder, supply chain disruptions, reduced lead refining volumes, and a ban on imports from Russia adding to price pressures. Rising inflation could cause contractors to pay workers higher wages, which could mean higher weapons costs. Rising wages and fuel costs add to the challenge for defense companies to control the cost of weapons and systems to fit the Pentagon's budget. For consumers, on the one hand, due to inflation and declining personal income, people may reduce their purchases of necessities, including guns, ammunition, and accessories. On the other hand, economic uncertainty has led to a surge in murders and car thefts, and people need to invest in their safety.

Consumer affinity for hunting and outdoor activities

For many years, hunting has been one of the most popular outdoor recreational activities around the world, and hunting enthusiasts are always looking for targets and equipment that can help them catch their prey. Young people are increasingly interested in camping and other wildlife-focused activities such as bird watching, hiking, and photography, as the cultural trend to protect nature takes hold. While factors such as increased urbanization, restricted hunting areas, a lack of free time and the rise of Netflix, video games and youth sports are squeezing young people’s hunting time, the continued influx of female hunters is offsetting declining recruitment among young hunters. The growth in adventure travel and tourism has also created opportunities for hunting activities. Post-pandemic quarantines, reduced commute times, employee terminations, and an increased desire for adventure may have contributed to the growth in outdoor travel. Interest in activities such as camping, boating, and hiking continues to rise as more people become exposed to activities such as camping, boating, and hiking and experience the benefits of spending more time outdoors. With inflation driving up the cost of airfare, rental cars, and hotels, road trips in the U.S. have never been more attractive.

Hunters and those who purchase licenses and ammunition generate billions of dollars for U.S. wildlife departments and conservation efforts. In 2022, the U.S. Fish and Wildlife Service announced the WSFR program, which was to distribute excise taxes on hunting, shooting, and fishing equipment and boating fuel to all 50 states and U.S. territories. The WSFR program works with hunters, anglers, and other outdoor enthusiasts to provide the public with access and utilization of wildlife resources, hunter education, and shooting range development and management. This user-participation, user-pays wildlife conservation funding system has been praised and imitated around the world. Wildlife agencies are also doubling down on hunters, developing plans to retain older hunters, reactivate those who have dropped out of the sport, and recruit new ones. For example, wildlife agencies are increasingly seeking new hunters by advertising in urban areas, setting up stalls at farmers' markets, and staffing community events. In Wisconsin, USA, they offer free classes on college campuses teaching hunter safety and butchery clinic practices. Many hunting donation programs across the country help distribute excess meat from individual hunters to homeless shelters and other food assistance programs. In addition, hunters often fill out surveys and provide prey samples to biologists. This helps researchers learn more about diseases that threaten local populations and how to prevent their spread. Therefore, hunting is also supported by agricultural and healthcare systems. Overall, as people and governments pay more and more attention to wildlife protection and ecological balance, hunting activities will increase, driving the demand for bipods.

Increased demand for private security

According to the Bureau of Labor Statistics, the number of security guards in the United States is increasing, while the number of police officers is declining nationwide. Budget constraints, early retirements, and challenges in recruiting new officers have led to significant declines in police forces in many cities across the United States. This reduction has resulted in longer response times, fewer preventive patrols, and a general decline in public safety measures. As public confidence wanes, people turn to private security companies to fill the void left by public law enforcement. According to Statista, the fastest growing private security company in the United States in 2023 is MOXFIVE, with a growth rate of approximately 9,600%. The second fastest growing company is Veterans Security Operations (VSO), which has grown at roughly half the rate of MOXFIVE over the same period.

Private security services offer the advantages of personalized attention, fast response times, flexibility, and customization. Services include physical security protection, cyber security, guards and patrols, surveillance systems, emergency response, investigation and tracing, and security consulting. There is currently increased anxiety over political and economic uncertainty. Individuals and businesses are seeking private security services to protect their lives, assets, and networks. The growth in the number of private security companies is driven by a variety of factors, including demographic changes, urbanization, and socioeconomic changes that have led to rising crime rates in many areas; the globalization of business and travel that has increased the need for cross-border security; media coverage of crime Increased reporting; growing cybercrime and terrorism; reduced number and resources of public law enforcement agencies; stricter regulations regarding security and data protection. In addition, technologies such as artificial intelligence, robotics, and the Internet of Things enable security companies to detect and respond to threats faster and more effectively. For example, drones provide real-time video feedback to security personnel, and facial recognition software solutions automatically detect and capture images of people.

Region Overview:

In 2022, the share of the V-Shaped Tactical Bipod market in North America stood at 62.18%.

Company Overview:

The major players operating in the V-Shaped Tactical Bipod market include Magpul, MDT Cyke-pod, Harris Bipods, B&T Industries LLC, Accu-Tac, etc. Among which, Magpul ranked top in terms of sales and revenue in 2023.

Magpul was founded in 1999 with the idea of developing a simple product to aid in the handling of rifle magazines under stress. The company name comes from this original product, called the Magpul. Over the last 22+ years, Magpul has continued to grow and develop, following the same mission and processes and focusing on innovation, simplicity, and efficiency. Magpul product lines include hundreds of firearms accessories and other gear that have all been designed to professional-use standards. There are now more than 300 unique products with hundreds of variants, including magazines, stocks, slings, sights, grips, handguards, bipods, eyewear, and other dependable, hard-use gear.

Segmentation Overview:

By type, Aluminum segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Hunting segment occupied the biggest share from 2018 to 2022.

Key Companies in the global V-Shaped Tactical Bipod market covered in Chapter 3:

Caldwell
Leapers Inc
MDT Cyke-pod
Magpul
Long Range Accuracy
Accu-Tac
Tactical EVO
Harris Bipods
Versa-Pod
Sinclair
GRS Bipod
Bipod Factory
Rudolph Optics
B&T Industries LLC
Vanguard
Warne Skyline
Hawke
Tier One

In Chapter 4 and Chapter 14.2, on the basis of types, the V-Shaped Tactical Bipod market from 2019 to 2030 is primarily split into:

Carbon Fiber
Aluminum
Steel
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the V-Shaped Tactical Bipod market from 2019 to 2030 covers:

Military
Competition
Hunting
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)