Publication Month: Feb 2020 | Report Code: TIPRE00008790 | No. of Pages: 167 | Category: Aerospace and Defense | Status: Published
Individuals' growing interest in sports and leisure activities, such as shooting, which demands an air pistol with high precision, accuracy, and speed, is propelling the air gun market worldwide. One of the major drivers of the air gun market is the growing number of athletic events across the world. The sporting event includes a variety of shooting sports with varying shooting distances, equipment, time limitations, targets, and athleticism levels. In colonial America, target shooting is one of the favorite sports, and the federal laws are also lenient compared to other countries. Several sporting events such as Asian Games, Olympics, Montana 4-H Shooting Sports Events, World Shooting Para Sport World Cup, and Commonwealth Games organize rifles and pistol shooting competitions for different categories. All these events require air pistols and air rifles of better efficiency and accuracy.
Rifles and pistols used in this competition have a specific predefined range. For −400 yards, air rifles with 0.177 calibers, shoot a pellet depending on the category of the rifle, the velocity with which the pellet is fired from the rifle, the distance, the angle, and the direction of the wind. Similarly, the caliber range of air pistols varies from 0.177 to 0.22 calibers for 15–60 yards of a range, which depends on the model of the air pistol. Thus, air gun meeting all these requirements are selected for sporting events. The continuous growth in the number of such shooting events worldwide is boosting the demand for air guns. North America and Europe are engaged in arranging a large number of such events and thus are projected to create huge traction for air gun manufacturers.
|Market Size Value in||US$ 2,135.8 Million in 2019|
|Market Size Value by||US$ 3,897.0 Million by 2027|
|Growth rate||CAGR of 8.2% from 2020-2027|
|No. of Pages||167|
|No. of Tables||78|
|No. of Charts & Figures||85|
|Historical data available||Yes|
|Segments covered||Product ; Ammunition Type ; Accessories|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
The APAC air gun market is further segmented into Australia, India, China, Japan, South Korea, and the Rest of APAC. As tension and conflicts continue to rise across countries such as India, China, and Pakistan, the military's strategic procurement of considerably huge numbers of air rifles and air gun has positively impacted the air gun market growth in the region. Several government rules and regulations are set for the purchaser across various countries. In Australia, the government announced various laws for the procurement of air gun such as air rifles that are considered Class A firearms to be used for legal purposes, air pistol shooters should have a membership as well as sufficient attendance as a member of authorized pistol club for six months before becoming an owner of the air pistol. Similarly, in China, the regulation for air gun usage is considered to be the most stringent one across the world. The rising interest of individuals in hunting and shooting is forcing the Government of China to modify their laws to some extent and support the young generation to further enhance and develop their interests. The Asian countries are mainly emerging and fragmented markets; they face challenges such as growing inflation, cost pressures, market competitiveness, and market volatility. To address these issues, manufacturers and suppliers eagerly look ahead for air gun to maximize and improve the visibility of the user to procure these guns.
The air gun market is segmented on the basis of product, ammunition type, accessories, and geography. By product, the air gun market is segmented into rifle and pistol. Based on ammunition type, the air gun market is segmented into airgun pellets, airgun BBs, big bore pellets, hunting pellets, cleaning pellets, and others. By accessories, the air gun market is segmented into scopes, sights, mounts, binoculars, compressors, and others. On the basis of geography, the air gun market size is primarily segregated into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).
Airforce Airguns; Velocity Outdoor Inc.; Daisy Outdoor Products Inc.; Feinwerkbau GmbH; GAMO Outdoor, S.L.U; Morini Competition Arm SA; Smith & Wesson; Carl Walther GmbH; Sport Manufacturing Group Inc.; and STURM, RUGER & COMPANY, INC. are a few leading players in the market, according to the air gun market analysis.
According to the air gun market, the ammunition type segment is categorized into airgun pellets, airgun BBs, big bore pellets, hunting pellets, cleaning pellets, and others. The airgun pellets segment led the air gun market in 2018 and is anticipated to continue its dominance during the forecast period. An air gun pellet is a projectile of different shapes made to be shot from an air gun. The pellets used in air gun are different from the bullets used in firearms. The firearms operate at the pressure of thousands of atmospheres, whereas air gun operates at a pressure lower than 50 atm. The airgun pellets market size is estimated to be surge over the years till 2027, pertaining to the fact that the manufacturers of air gun across the globe are experiencing substantial growth in the adoption of their products. The rise in procurement of air gun directly impacts the growth in demand for air gun pellets. The competition shooting events are rising year on year, which is posting a growth avenue for air gun pellet manufacturers as well air gun manufacturers to scale up their sales figures. This factor is driving the air gun pellets manufacturers.
The players operating in the air gun market are mainly focused on the development of advanced and efficient products. Air gun market companies are implementing various strategies to match the technological advancements in the air gun market.
The List of Companies - Air Gun Market