The sporting guns can be characterized into shotguns, rifles, and handguns. These guns are being increasingly popular due to the rising participation of developing countries in shooting events. The market is expected to grow during the forecast period from 2014 to 2025.
The shooting games are gaining their popularity in Olympics and Commonwealth games. The upcoming commonwealth games in 2018 are expected to drive the market for sporting guns. Furthermore, the emerging concern for paralyzed persons and the growing encouragement to participate in gaming events is further creating a demand for Paralympics globally. Therefore, is expected to drive the demand for shooting games and sporting guns in Paralympics. However, the next Olympics are scheduled for 2020 which will drive the market for sports gun with maximum market share.
These games are very popular in the U.S. and the trend is gradually becoming popular in developing regions which is driving the market for sports guns’ market. The health benefits associated with shooting sports is increasing the demand for such events globally. In addition, the sports guns are also used for training purposes which is also aiding to the demand for this market.
However, the major concern is the use of any type of guns for civilians are prohibited in many states of U.S. and Canada which is expected to resist the growth for sports guns to certain extent.
The global sporting gun market is segmented on the basis of types and region.
On the basis types, the global market is classified into three major guns that are widely used in competition:
Rifles- They is shoulder firearms with long barrels and rifled bores. They are commonly long and require two-hand hold. Popular shooting games using this type of gun are four position small bore, gallery riffle shooting, benchrest shooting, high power rifle (aka Across the Course), biathlon (combination of shooting and cross country skiing), fullbore target shooting (shooting ranges are at 300- 1200 meters), field target (more popular in UK), and many more.
Pistols- They are also known as handguns. These are small in size, used in shorter ranges, and have lesser accuracy compared to rifles. They are intended for one hand use only. Popular shooting games include modern pentathlon wherein it involves timed shooting with an air pistol. Then comes the silhouette shooting. The goal is to hit all metallic targets placed at different distances. It is scored on how many targets are hit.
Shotguns- They are firearms that are doubled barreled smoothbore shoulder weapon. They are similar to rifles. More often, they are for pump-action or single-shot-and-reload actions. Cowboy shooting and practical shooting generally use shotgun. They are more popular in countries where handguns are banned.
Rifles segment is expected to account for the largest market share of sports gun market and is expected to lead the market during forecast period. On the other hand, “Pistols and shotgun” segment is expected to grow gradually during the forecast period.
Geographically, the global market is segmented into North America: U.S., and Canada, Latin America: Mexico, Brazil, Peru, Chile, and others, Western Europe: Germany, England, France, Spain, Italy, Nordic countries, Belgium, The Netherlands, and Luxembourg, Eastern Europe: Poland and Russia, Asia Pacific: China, India, Japan, ASEAN, Australia, and New Zealand, Middle East and Africa: GCC, Southern Africa, and North Africa.
North America and Europe account for the largest market share of sporting gun market and is expected to witness steady demand for sports guns due to constant participation in shooting events; whereas, the improving economy in Asia Pacific region is expected to increase participation in global shooting events. Hence, Asia Pacific region is expected to witness a strong growth of sporting guns during forecast period from 2014 to 2025 with maximum market share. This is due to increasing public awareness about importance of sports, government funding, awareness events, developing sports infrastructure.
Middle East and Africa are also developing in terms of economy and this is increasing their participation in shooting games and hence driving the market for sporting guns considerably. The key players of global market include Olympic Arms, Legacy Sports International, LaserMax, Sturm, Ruger and Company, Creedmoor Sports, Dicks Favorite Sports and German Sports Guns GmbH among the other players
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