Shooting and Gun Accessories Market Expected to Grow at CAGR 7.7% and Forecast to 2027 | Savage, Sturm, Ruger & Co.

According to a recent report published by Allied Market Research, titled, “Shooting and Gun Accessories Market by Type, End Use, and Distribution: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global shooting and gun accessories market was valued at $5.13 billion in 2020, and is projected to reach $10.54 billion by 2030, registering a CAGR of 7.7%.

North America dominates the market, in terms of revenue, followed by Asia-Pacific, Europe, and LAMEA. The U.S. dominated the shooting and gun accessories market share in North America in 2020, owing to favorable gun ownership regulations, technological developments by local players, rapid adoption of innovative technologies in making smart, convenient, and efficient guns and accessories. North America is expected to grow at a significant rate during the forecast period, owing to relaxation in gun regulations, rise in conflicts, and increase in shooting competitions in the country.

Get Sample Report with Industry Insights @

https://www.alliedmarketresearch.com/request-sample/14068

By type, the market is categorized into air rifle, air pistol, and others. The air rifle segment accounted for the highest revenue in 2020, owing to their silent action, user-friendly action, quick loading and reloading features.

By end use, the shooting and gun accessories market is bifurcated into law enforcement and competitive sports. The competitive sports segment accounted for the highest revenue in 2020, owing to rise in demand for shooting sports guns for competitive sports across the world.

To Get Discount, Make Purchase Inquiry @

https://www.alliedmarketresearch.com/purchase-enquiry/14068

COVID-19 Impact Analysis

  • The COVID-19 impact on the shooting and gun accessories market is unpredictable and is expected to remain in force till the fourth quarter of 2021.
  • The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned/restricted the number of personnel in the factories for most of 2020. This led to sudden fall in manufacturing capacity for guns and accessories across the globe.
  • Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of advanced shooting and gun accessories globally.

Request for Customization of this Report @

https://www.alliedmarketresearch.com/request-for-customization/14068

Key Findings Of The Study

  • By type, the other segment including the magazines & loaders, targets, and accessories is expected to register a significant growth during the forecast period.
  • By end use, the competitive sports segment is anticipated to exhibit significant growth in future.
  • By distribution, the online segment is projected to lead the global shooting and gun accessories market, owing to higher CAGR as compared to civil segment.
  • By region, North America is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global shooting and gun accessories market include American Outdoor Brands Inc., Fabbrica D’Armi Pietro Beretta S.p.A., FN Herstal, Heckler & Koch, Remington Ammunition, Savage, Sturm, Ruger & Co., Inc., Taurus International Manufacturing, Inc., Webley & Scott, and Weihrauch & Weihrauch Sport GmbH & Co. KG.

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 provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. 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. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Related Articles

Back to top button