The Global Sports Guns Market is forecasted to be worth USD 3.46 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market growth include growing adoption of the Sports Guns for training purposes, rising sports […]
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The Global Sports Guns Market is forecasted to be worth USD 3.46 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market growth include growing adoption of the Sports Guns for training purposes, rising sports events that include shooting games, increasing interest in hunting, and applicability of the Sports Guns in nonlethal usage, to name a few.
Besides, the extensive rise in the cross-border conflicts that restricts the usage of firearms, growing adoption of the Sports Guns for non-deadly self-defense are some of the additional reasons behind the remarkable growth of the market. Also, reduced manufacturing costs of the guns with the help of 3D printing mechanisms, growing demand for the smart guns, and increasing usage of the polymer in the arms industry are some of the subordinate market propelling factors that create a huge breakthrough in the market growth.
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Further key findings from the report suggest
- In August 2020, American Outdoor Brands, Inc. completed its spin-off from the company named Smith & Wesson Brands, Inc. American Outdoor Brands, Inc. announced to start trading independently and would expand their Sports Guns business through the e-commerce platform.
- The polymer sub-segment is growing with the fastest CAGR of 6.3% owing to its higher efficiency in the manufacturing with 3D printing techniques and reduction in the overall costing with higher applicability in the sports and hunting purposes.
- The regions in the Asia Pacific lead by China, India, Pakistan, and South & North Korea are allotting a considerable budget for their defense & law enforcement grooming purposes. Besides, the remarkable demand for the shooting games & higher proliferation of the sports events, along with higher economic development and enhancement in the manufacturing industry, deliberately help propel market enforcement.
- Key players in the market 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.
For the purpose of this report, Emergen Research has segmented into the global Sports Guns Market on the basis of Type, Application, Distribution Channel, Materials Used, and Region:
- Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Machine Guns
- Application Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Training & Demonstration
- Recreational Sports
- Distribution Channel Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Gun Stores
- Sport Goods Stores
- Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Regional segmentation of the report covers key regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The report also offers a country-wise analysis of the Sports Guns market to offer a better understanding of the key features such as production and consumption pattern, supply and demand ratio, import/export, revenue contribution, market share and size, and presence of key players in the region.
Detailed Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Summary of the Global Sports Guns Report:
- Comprehensive analysis of the market including risks and opportunities
- Details of business strategies and plans undertaken by key market players
- Analysis of current and future trends that will affect the growth of the market in the forecast timeline
- In-depth analysis of drivers and constraints for better understanding of the market
- The report encompasses a detailed forecast for the years 2020-2027.
- The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline.
Table Of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Sports Guns Market Segmentation & Impact Analysis
4.1. Sports Guns Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
184.108.40.206. Growing emphasize on the non-deadly self-defense
220.127.116.11. Restriction on the firearms in the cross-border conflicts
18.104.22.168. The higher proliferation of the shooting games in sports events
4.2.3. Market restraints analysis
22.214.171.124. Regulatory hurdles & higher cost associated with it
126.96.36.199. Inefficient research methodologies
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Sports Guns Market By Type Insights & Trends, Revenue (USD Billion) (Thousand Units)
5.1. Type Dynamics & Market Share, 2019 & 2027
5.1.4. Machine Guns
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About Emergen Research
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