Market Research

Sniper Rifle Market Forecasts to 2028 – Global Analysis By Type (Semi Automatic Action, Bolt Action and Other Types), Range (Up to 1000 Meters, Beyond 1000 Meters and Other Ranges), End User and By Geography

Best Price Guarantee Length Publisher Published Date SKU
from $4,150 175 Pages Stratistics Market Research Consulting February, 2023 SMR17743155
Best Price Guarantee
Price from $4,150
Length 175 Pages
Publisher Stratistics Market Research Consulting
Published Date February, 2023
SKU SMR17743155

Sniper Rifle Market Forecasts to 2028 – Global Analysis By Type (Semi Automatic Action, Bolt Action and Other Types), Range (Up to 1000 Meters, Beyond 1000 Meters and Other Ranges), End User and By Geography

According to Stratistics MRC, the Global Sniper Rifle Market is accounted for $2.82 billion in 2022 and is expected to reach $4.36 billion by 2028 growing at a CAGR of 7.53% during the forecast period. Sniper rifles are high-precision, long-range rifles that are used in both military and law enforcement applications. It is a portable shoulder-fired weapon system with a choice between a bolt action and semi-automatic action. It is fitted with a telescopic sight for extreme accuracy. It is used in civil applications, such as hunting. The primary function of sniper includes providing detailed surveillance from a concealed position, neutralizing high-value targets to reduce the enemy’s combat, and others. Enhanced application of sniper rifles in defensive and offensive applications boosts the demand for the global sniper rifle market.

According to the proposal request from the Indian Army, 212 rifles have been intended to be procured for the Indian Air Force, and 88 sniper rifles are likely to be acquired by the Indian Navy.

Market Dynamics:

Driver:

Increase in the defense budget

Many nations across the globe are increasing their defense budgets to reinforce the military strength of their nation. Rise in military budget upgrades the existing equipment range while replacing the obsolete warfare equipment. Growing security threats and increasing geopolitical issues across the borders are creating a need for the procurement of sniper rifles. Many nations are escalating their sniper squadrons while incorporating a wider application of sniper rifles in military applications which is driving the market demand.

Restraint:

Size and weight

Sniper rifles are very heavier. They have more parts to maintain, so there are more risks for failure. It’s not quick to point and fire. It’s not easy to maneuver with a rifle in tight spaces, as well. Attackers can disarm more easily if you’re holding a rifle because of the barrel size. All these factors are hindering the growth of the market.

Opportunity:

Technological advancements

Technology plays a vital role in strengthening the military base of any nation. Sniper rifles have witnessed advancements in terms of bullet loading, self-steering bullets and cutting edge technologies. Long-range precision rifles are used for commercial purposes as well. Up-gradation of existing military equipment and the procurement of advanced weapons is proliferating the demand for the global sniper rifle market.

Threat:

Slow rechambering

Rifles are the best choice when it comes to accuracy. But they are slow in rechambering. Sniper rifles have too many options. It is heavier and big in size. The accuracy rate that estimates how much the aim moves while reloading is comparatively slow. It makes huge destruction while in the time of war if they are not concentrated. These factors are hampering the growth of the market.

Covid-19 Impact

The COVID-19 had a moderate effect on the sniper rifle market. The onset of the pandemic led to a decline in procurement orders for sniper rifles by various countries due to restrictions in trade and lockdown. Moreover, a decrease in the production of sniper rifles by various companies due to a reduction in the workforce led to manufacturers being unable to meet the production deadlines, leading to various manufacturers facing heavy losses.

The military segment is expected to be the largest during the forecast period

The military segment is estimated to have a lucrative growth, due to its better surveillance. Sniper’s primary function in modern warfare is to provide detailed surveillance from a concealed position. It reduces the enemy's combat ability by neutralizing high-value targets. Its procurements can be attributed to the increasing defense expenditure and equipment from various armed forces. Many regions have been upgrading their military by procuring various advanced sniper rifles. Such advancements are expected to lead to the growth of sniper rifles for the military segment.

The beyond 1,000 meters segment is expected to have the highest CAGR during the forecast period

The beyond 1,000 meters segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its long-range. The rifle allows hitting targets at over 1.5 km under any weather conditions without prior adjustments. Armed forces of several countries and rifle manufacturers are collaborating in developing advanced sniper rifles with increased range and accuracy. This rifle helps countries that are currently facing terrorism threats and tensions across its borders and fuelling the market growth.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to its military modernization programs and equipment modernization initiatives. This region has replaced their legacy M40A6 and Mk13 Mod 7 bolt-action sniper rifles with advanced Mk22 Mod 0. It has the most advanced sniper rifles. These advancements are expected to lead the sniper rifle market witnessing growth in the North American region during the forecast period.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the growing investments of emerging countries such as China and India to strengthen the military force. The rising need amongst the defense forces for advanced ammunitions is owing to an increase in joint agreements with the military organizations of the developing countries. These investments are fuelling the market growth in this region.

Key players in the market

Some of the key players profiled in the Sniper Rifle Market include Savage Arms, S&T Motiv Co Ltd, Knights Armament Co, FN HERSTAL, STRATEGIC ARMORY CORPS, Zastava arms, Remington Arms Company LLC, B&T AG, Denel SOC Ltd, Accuracy International, Beretta Holding SA, PGM Precision, Heckler & Koch Group, Vista Outdoor Inc, H&K AG, PGW Defence Technologies Inc, SNT Motiv Co Ltd

Key Developments:

In February 2022, Zastava Arms announced to launch two exciting new firearms ZPAPM70 and ZPAPM92. They are available in a more traditional style with wood furniture and have a very robust construction. They are chambered in 7.62x39mm in pistol and tactical configurations. This includes a quadrail with angled grip upfront.

In September 2021, Heckler & Koch announced the launch of the coolest rimfires on the market. HK has partnered with Umarex of Germany to bring the only HK-authorized rimfire versions of the legendary MP5.

Types Covered:
• Semi Automatic Action
• Bolt Action
• Other Types

Ranges Covered:
• Up to 1000 Meters
• Beyond 1000 Meters
• Other Ranges

End Users Covered:
• Law Enforcement
• Civilian
• Military
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Sniper Rifle Market, By Type
5.1 Introduction
5.2 Semi Automatic Action
5.3 Bolt Action
5.4 Other Types
6 Global Sniper Rifle Market, By Range
6.1 Introduction
6.2 Up to 1000 Meters
6.3 Beyond 1000 Meters
6.4 Other Ranges
7 Global Sniper Rifle Market, By End User
7.1 Introduction
7.2 Law Enforcement
7.3 Civilian
7.4 Military
7.5 Other End Users
8 Global Sniper Rifle Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Savage Arms
10.2 S&T Motiv Co Ltd
10.3 Knights Armament Co
10.4 FN HERSTAL
10.5 STRATEGIC ARMORY CORPS
10.6 Zastava arms
10.7 Remington Arms Company LLC
10.8 B&T AG
10.9 Denel SOC Ltd
10.10 Accuracy International
10.11 Beretta Holding SA
10.12 PGM Precision
10.13 Heckler & Koch Group
10.14 Vista Outdoor Inc
10.15 H&K AG
10.16 PGW Defence Technologies Inc
10.17 SNT Motiv Co Ltd
List of Tables
Table 1 Global Sniper Rifle Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Sniper Rifle Market Outlook, By Type (2020-2028) ($MN)
Table 3 Global Sniper Rifle Market Outlook, By Semi Automatic Action (2020-2028) ($MN)
Table 4 Global Sniper Rifle Market Outlook, By Bolt Action (2020-2028) ($MN)
Table 5 Global Sniper Rifle Market Outlook, By Other Types (2020-2028) ($MN)
Table 6 Global Sniper Rifle Market Outlook, By Range (2020-2028) ($MN)
Table 7 Global Sniper Rifle Market Outlook, By Up to 1000 Meters (2020-2028) ($MN)
Table 8 Global Sniper Rifle Market Outlook, By Beyond 1000 Meters (2020-2028) ($MN)
Table 9 Global Sniper Rifle Market Outlook, By Other Ranges (2020-2028) ($MN)
Table 10 Global Sniper Rifle Market Outlook, By End User (2020-2028) ($MN)
Table 11 Global Sniper Rifle Market Outlook, By Law Enforcement (2020-2028) ($MN)
Table 12 Global Sniper Rifle Market Outlook, By Civilian (2020-2028) ($MN)
Table 13 Global Sniper Rifle Market Outlook, By Military (2020-2028) ($MN)
Table 14 Global Sniper Rifle Market Outlook, By Other End Users (2020-2028) ($MN)
Table 15 North America Sniper Rifle Market Outlook, By Country (2020-2028) ($MN)
Table 16 North America Sniper Rifle Market Outlook, By Type (2020-2028) ($MN)
Table 17 North America Sniper Rifle Market Outlook, By Semi Automatic Action (2020-2028) ($MN)
Table 18 North America Sniper Rifle Market Outlook, By Bolt Action (2020-2028) ($MN)
Table 19 North America Sniper Rifle Market Outlook, By Other Types (2020-2028) ($MN)
Table 20 North America Sniper Rifle Market Outlook, By Range (2020-2028) ($MN)
Table 21 North America Sniper Rifle Market Outlook, By Up to 1000 Meters (2020-2028) ($MN)
Table 22 North America Sniper Rifle Market Outlook, By Beyond 1000 Meters (2020-2028) ($MN)
Table 23 North America Sniper Rifle Market Outlook, By Other Ranges (2020-2028) ($MN)
Table 24 North America Sniper Rifle Market Outlook, By End User (2020-2028) ($MN)
Table 25 North America Sniper Rifle Market Outlook, By Law Enforcement (2020-2028) ($MN)
Table 26 North America Sniper Rifle Market Outlook, By Civilian (2020-2028) ($MN)
Table 27 North America Sniper Rifle Market Outlook, By Military (2020-2028) ($MN)
Table 28 North America Sniper Rifle Market Outlook, By Other End Users (2020-2028) ($MN)
Table 29 Europe Sniper Rifle Market Outlook, By Country (2020-2028) ($MN)
Table 30 Europe Sniper Rifle Market Outlook, By Type (2020-2028) ($MN)
Table 31 Europe Sniper Rifle Market Outlook, By Semi Automatic Action (2020-2028) ($MN)
Table 32 Europe Sniper Rifle Market Outlook, By Bolt Action (2020-2028) ($MN)
Table 33 Europe Sniper Rifle Market Outlook, By Other Types (2020-2028) ($MN)
Table 34 Europe Sniper Rifle Market Outlook, By Range (2020-2028) ($MN)
Table 35 Europe Sniper Rifle Market Outlook, By Up to 1000 Meters (2020-2028) ($MN)
Table 36 Europe Sniper Rifle Market Outlook, By Beyond 1000 Meters (2020-2028) ($MN)
Table 37 Europe Sniper Rifle Market Outlook, By Other Ranges (2020-2028) ($MN)
Table 38 Europe Sniper Rifle Market Outlook, By End User (2020-2028) ($MN)
Table 39 Europe Sniper Rifle Market Outlook, By Law Enforcement (2020-2028) ($MN)
Table 40 Europe Sniper Rifle Market Outlook, By Civilian (2020-2028) ($MN)
Table 41 Europe Sniper Rifle Market Outlook, By Military (2020-2028) ($MN)
Table 42 Europe Sniper Rifle Market Outlook, By Other End Users (2020-2028) ($MN)
Table 43 Asia Pacific Sniper Rifle Market Outlook, By Country (2020-2028) ($MN)
Table 44 Asia Pacific Sniper Rifle Market Outlook, By Type (2020-2028) ($MN)
Table 45 Asia Pacific Sniper Rifle Market Outlook, By Semi Automatic Action (2020-2028) ($MN)
Table 46 Asia Pacific Sniper Rifle Market Outlook, By Bolt Action (2020-2028) ($MN)
Table 47 Asia Pacific Sniper Rifle Market Outlook, By Other Types (2020-2028) ($MN)
Table 48 Asia Pacific Sniper Rifle Market Outlook, By Range (2020-2028) ($MN)
Table 49 Asia Pacific Sniper Rifle Market Outlook, By Up to 1000 Meters (2020-2028) ($MN)
Table 50 Asia Pacific Sniper Rifle Market Outlook, By Beyond 1000 Meters (2020-2028) ($MN)
Table 51 Asia Pacific Sniper Rifle Market Outlook, By Other Ranges (2020-2028) ($MN)
Table 52 Asia Pacific Sniper Rifle Market Outlook, By End User (2020-2028) ($MN)
Table 53 Asia Pacific Sniper Rifle Market Outlook, By Law Enforcement (2020-2028) ($MN)
Table 54 Asia Pacific Sniper Rifle Market Outlook, By Civilian (2020-2028) ($MN)
Table 55 Asia Pacific Sniper Rifle Market Outlook, By Military (2020-2028) ($MN)
Table 56 Asia Pacific Sniper Rifle Market Outlook, By Other End Users (2020-2028) ($MN)
Table 57 South America Sniper Rifle Market Outlook, By Country (2020-2028) ($MN)
Table 58 South America Sniper Rifle Market Outlook, By Type (2020-2028) ($MN)
Table 59 South America Sniper Rifle Market Outlook, By Semi Automatic Action (2020-2028) ($MN)
Table 60 South America Sniper Rifle Market Outlook, By Bolt Action (2020-2028) ($MN)
Table 61 South America Sniper Rifle Market Outlook, By Other Types (2020-2028) ($MN)
Table 62 South America Sniper Rifle Market Outlook, By Range (2020-2028) ($MN)
Table 63 South America Sniper Rifle Market Outlook, By Up to 1000 Meters (2020-2028) ($MN)
Table 64 South America Sniper Rifle Market Outlook, By Beyond 1000 Meters (2020-2028) ($MN)
Table 65 South America Sniper Rifle Market Outlook, By Other Ranges (2020-2028) ($MN)
Table 66 South America Sniper Rifle Market Outlook, By End User (2020-2028) ($MN)
Table 67 South America Sniper Rifle Market Outlook, By Law Enforcement (2020-2028) ($MN)
Table 68 South America Sniper Rifle Market Outlook, By Civilian (2020-2028) ($MN)
Table 69 South America Sniper Rifle Market Outlook, By Military (2020-2028) ($MN)
Table 70 South America Sniper Rifle Market Outlook, By Other End Users (2020-2028) ($MN)
Table 71 Middle East & Africa Sniper Rifle Market Outlook, By Country (2020-2028) ($MN)
Table 72 Middle East & Africa Sniper Rifle Market Outlook, By Type (2020-2028) ($MN)
Table 73 Middle East & Africa Sniper Rifle Market Outlook, By Semi Automatic Action (2020-2028) ($MN)
Table 74 Middle East & Africa Sniper Rifle Market Outlook, By Bolt Action (2020-2028) ($MN)
Table 75 Middle East & Africa Sniper Rifle Market Outlook, By Other Types (2020-2028) ($MN)
Table 76 Middle East & Africa Sniper Rifle Market Outlook, By Range (2020-2028) ($MN)
Table 77 Middle East & Africa Sniper Rifle Market Outlook, By Up to 1000 Meters (2020-2028) ($MN)
Table 78 Middle East & Africa Sniper Rifle Market Outlook, By Beyond 1000 Meters (2020-2028) ($MN)
Table 79 Middle East & Africa Sniper Rifle Market Outlook, By Other Ranges (2020-2028) ($MN)
Table 80 Middle East & Africa Sniper Rifle Market Outlook, By End User (2020-2028) ($MN)
Table 81 Middle East & Africa Sniper Rifle Market Outlook, By Law Enforcement (2020-2028) ($MN)
Table 82 Middle East & Africa Sniper Rifle Market Outlook, By Civilian (2020-2028) ($MN)
Table 83 Middle East & Africa Sniper Rifle Market Outlook, By Military (2020-2028) ($MN)
Table 84 Middle East & Africa Sniper Rifle Market Outlook, By Other End Users (2020-2028) ($MN)

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