BUSINESS: Shooting And Gun Accessories Market To Garner 10.54 Billion By 2030: Allied Market Research

dWeb.News Article from Daniel Webster dWeb.News

dWeb.News Article from Daniel Webster dWeb.News

Daniel Webster, dWeb.News Publisher

Portland, OR, Oct. 14, 2021 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global shooting and gun accessories market generated $5. 13 billion in 2020, and is anticipated to reach $10. 54 billion in 2030, manifesting a CAGR of 7.7%. This report contains detailed information about key players, drivers, constraints, opportunities, and impacts. It has a CAGR of 7.7%.

Increase in territorial conflicts across the world and rise in demand for guns for competitive sports drive the global shooting and gun accessories market. However, strict regulations regarding gun ownership in the world can hinder market growth. The market will have many opportunities as a result of the increase in defense expenditures around the globe.

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COVID-19 scenario:

The COVID-19 outbreak forced governments to impose stringent travel restrictions to curb the spread of the virus. The virus spread to other countries through the closure of factories or by limiting their workforce. The supply and demand processes were also disrupted by a lack of labor. Private gun manufacturing units saw a drop in investment.
With the implementation of vaccination drives across the world, the shooting and gun accessories market is expected to recover soon.

The global shooting and gun accessories market is segmented into end-use, type, distribution, and region.

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Based on type, the air rifle segment held the largest market share in 2020, contributing to more than two-fifths of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, the air pistol segment is projected to witness the fastest CAGR of 7.5% from 2021 to 2030.

Based on distribution, the offline segment contributed to the largest share in 2020, accounting for around three-fifths of the global shooting and accessories market. The market’s leader is expected to be the same segment during the forecast period. However, the online segment is expected to manifest the highest CAGR of 8.6% from 2021 to 2030.

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Based on region, North America contributed to the highest share in 2020, holding around one-third of the total share. Moreover, the region is anticipated to manifest the fastest CAGR of 9.4% from 2021 to 2030. The report also includes Europe, Asia-Pacific and LAMEA.

List of companies profiled in the global shooting accessories market analyzed by the research include Fabbrica D’Armi Pietro Beretta S.p.A., American Outdoor Brands Inc., Heckler & Koch, FN Herstal, Savage, Remington Ammunition, Ruger & Co., Inc., Webley & Scott, Taurus International Manufacturing, Inc., Weihrauch & Weihrauch Sport GmbH & Co. KG.

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Similar Reports We Have on Defense Industry:

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Autonomous Weapons Market by Product (Missiles, Munitions, Guided Rockets, Guided Projectiles, Hypersonic Weapons, and Others), Platform (Land, Airborne, and Naval), and Type (Semi-Autonomous and Autonomous): Global Opportunity Analysis and Industry Forecast, 2021-2030.

Smart Weapons Market by Type (Air-to-ground missiles, Surface-to-air missiles, Smart bombs, Sensor fused weapons, Directed energy weapons, Precision artillery munitions, Electromagnetic pulse weapons, Smart bullets), Geography – Global Opportunity Analysis and Industry Forecast, 2014-2030.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research offers “Market Research Reports” as well as “Business Intelligence Solutions” in unmatched quality to global businesses as well as small and medium-sized businesses. AMR’s focus is to offer business insight and consulting to help its clients make strategic business decisions and grow in their market.

We have professional relationships with many companies which allows us to find market data. This helps us create accurate market data tables and confirms our market forecasting accuracy. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. All data in our reports are derived from primary interviews with senior executives of the domain.

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