Overview and Scope
A gun is a weapon with a metal tube through which projectiles such as bullets, shells, or other objects are fired with explosive power. The act of firing a projectile from a gun is known as shooting. Gun accessories are tools or additions that help a gun perform better or function more precisely. Sights, scopes, silencers, compensators, and laser pointers are some of the accessories.
Sizing and Forecast
The shooting and gun accessories market size has grown strongly in recent years. It will grow from $7.13 billion in 2023 to $7.62 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to military and law enforcement demand, sports shooting trends, media influence, online retail growth, educational initiatives.
The shooting and gun accessories market size is expected to see strong growth in the next few years. It will grow to $10.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to climate and environmental concerns, global security threats, e-commerce expansion, increased urbanization, social media influence. Major trends in the forecast period include rise of smart accessories, subscription-based models, innovations in materials, augmented reality (AR) integration, health and fitness integration.
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Segmentation & Regional Insights
The shooting and gun accessories market covered in this report is segmented –
1) By Type: Air Rifle, Air Pistol, Other Types
2) By Distribution: Online, Offline
3) By End-Use: Law Enforcement, Competitive Sports
North America was the largest region in the shooting and gun accessories market in 2023. The regions covered in the shooting and gun accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
A rise in territorial activities throughout the world is expected to propel the growth of the shooting and gun accessories market going forward. Guns and accessories are used for a variety of purposes, such as self-defense, law enforcement, hunting, sports shooting, and others. The rise in territorial activities throughout the world will drive the demand for shooting and gun accessories that support the growing territorial activities. For instance, in June 2022, according to a report published by the United Nations High Commissioner for Refugees, a Switzerland-based agency of the UN tasked with assisting and defending refugees, globally, 89.3 million people were displaced from their homes by the end of 2021 because of war, violence, fear of persecution, and human rights violations. This is the highest number since World War II and more than double the 42.7 million individuals who were still forcibly displaced a decade ago. More than doubling from 10.5 million a decade ago, the number of refugees climbed during the year, to 21.3 million at the end of 2021. Therefore, the rise in territorial activities throughout the world will fuel the growth of the shooting and gun accessories market.
Key Industry Players
Major companies operating in the shooting and gun accessories market report are Beretta Holding S.p.A., Remington Arms Company LLC, Smith & Wesson Brands Inc., SIG SAUER Inc., Sturm Ruger & Co Inc., Taurus International Manufacturing Inc., Fabrique Nationale Herstal, Fabbrica d’Armi Pietro Beretta SpA, Heckler & Koch GmbH, Colt’s Manufacturing Company, AMERICAN OUTDOOR BRANDS INC., O.F. Mossberg & Sons lnc., Hatsan Arms Company, Browning Arms Company, Kimber Mfg. Inc., Umarex USA, Savage Arms lnc., Glock Ges.m.b.H., Barrett Firearms Manufacturing Inc., Daisy Outdoor Products lnc., Feinwerkbau GmbH, Daniel Defense Inc., Gamo Outdoor S.L.U, H-S Precision Inc., Benelli Armi SpA, ahg-Anschütz Handels GmbH, ArmaLite Inc., Weihrauch & Weihrauch Sport GmbH & Co KG, Webley & Scott, Les Baer Custom Inc., LWRC International LLC, Nighthawk Custom, Wilson Combat, Ed Brown Products Inc., STI International Inc., Magnum Research Inc.
The shooting and gun accessories market report table of contents includes:
1. Executive Summary
2. Shooting And Gun Accessories Market Characteristics
3. Shooting And Gun Accessories Market Trends And Strategies
4. Shooting And Gun Accessories Market – Macro Economic Scenario
5. Global Shooting And Gun Accessories Market Size and Growth
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32. Global Shooting And Gun Accessories Market Competitive Benchmarking
33. Global Shooting And Gun Accessories Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Shooting And Gun Accessories Market
35. Shooting And Gun Accessories Market Future Outlook and Potential Analysis
36. Appendix
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