Global Sports Guns Market research report offers a panoramic view of the Sports Guns market, regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Sports Guns market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals. The study offers a clear understanding of the current market scenario owing to the COVID-19 pandemic and offers a comprehensive analysis of the current and future impact of the pandemic on the overall market landscape. The economic landscape and the market environment have observed drastic changes due to the social restrictions and government-enforced lockdowns imposed to curb the spread of COVID-19. The report is furnished with the latest scenario and growth outlook of the market with regard to the impact of the pandemic.
The 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.
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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.
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.
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Segmental Analysis
The global Sports Guns market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Sports Guns sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
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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)
- Pistols
- Revolvers
- Rifles
- Machine Guns
- Shotguns
- Carbines
- Others
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
- Online
- Others
Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Steel
- Aluminum
- Polymer
- Others
Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Russia
- UK
- Germany
- France
- BENELUX
- Asia Pacific
- China
- Japan
- India
- Pakistan
- South Korea
- North Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Israel
- Rest of MEA
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Sports Guns market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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About Emergen Research
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