A recent report published by Infinium Global Research on sports gun market provides in-depth analysis of segments and sub-segments in the global as well as regional sports gun market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional sports gun market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global sports gun market. According to the report, the global sports gun market is projected to grow at a CAGR of 4.2% over the forecast period of 2019-2025.
The major players in the sports gun market are focusing on mergers and acquisitions to maximize their market share. Companies need to follow the rules and regulations of the government regarding safety. The major demand for sports guns is from shooting game players. The leading players are investing in research and marketing to analyze the market trend.
The increasing popularity of shooting games in the Olympics and Commonwealth games drive the growth of the sports gun market. The shooting sports for paralyzed persons encourage participation in Paralympics gaming events that contribute to the growth of the sports gun market. The rising awareness about health benefits associated with sporting games such as enhanced ability to focus, improved concentration fuel the growth of the sports gun market. In addition, sports guns are comparatively lighter and compact than other guns. This makes it easier to use that propel the growth of the sports gun market. These guns are easier to carry as well. On the flip side, the high cost of manufacturing and importing sports guns hinders the growth of the sports guns market. The rising concern about the misuse of sports guns restraints the growth of the sports gun market. Moreover, innovations through research create novel opportunities for the growth of the sports gun market.
Geographically, the global sports gun market is segmented into North America, Asia-Pacific, Europe, and the Rest of the World. The North America region is expected to hold a dominant share in the global sports gun market. The increasing participation in sporting events drives the growth of the sports gun market in North America. Europe is expected to grow in the global sports gun market with a healthy CAGR over the forecast period. The rising shooting games fuel the growth of the Europe sports gun market. Asia-Pacific region is growing in the global sports gun market due to increasing public awareness about the health benefits of sports.
The report on global sports gun market covers segments such as product type, and caliber type. On the basis of product type, the sub-markets include rifles, pistols, shotguns, and revolvers. On the basis of caliber type, the sub-markets include 9 mm, 0.38 caliber, 12 gauge, 0.38 special, and other caliber types.
The report provides profiles of the companies in the market such as Howa Machinery, Ltd., Sturm, Ruger & Co., Inc., Smith & Wesson, Miroku Corporation, Beretta Holding S.p.A., German Sport Guns GmbH, Creedmoor Sports, Inc., Dick's Sporting Goods, Inc., J. G. Anschütz GmbH & Co. KG, Browning Arms Company, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of sports gun market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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