Global Gun and Accessories
Market Report
2024
Global Gun and Accessories market size was USD 7.53 Billion in 2022. Gun and Accessories Industry's Compound Annual Growth Rate will be 6.1% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Gun and Accessories market size was USD 7.53 Billion in 2022. Gun and Accessories Industry's Compound Annual Growth Rate will be 6.1% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Gun and Accessories Market Sales Revenue 2022 | $ 7.53 Billion |
Global Gun and Accessories Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.1% |
Market Split by Type |
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Market Split by End Use |
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Market Split by Application |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Gun and Accessories industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Gun and Accessories Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A firearm is a portable barrelled weapon that is designed to expel a shot, projectile, or bullet by the action of an explosive. There are several types of firearms available in the market such as rifles, handguns, shotguns, machine guns, and submachine guns. These weapons are mainly used for defense, sports shooting, self-defense, hunting, law enforcement, and others. The firearm includes different accessories such as slides or cylinders, barrels, kits, parts, magazines, grips, and others. The major factors responsible for the gun and accessories industry’s growth are cross-border conflicts, geopolitical tensions, and rising demand for competitive shooting and sports shooting. In recent years, increased use of firearms has been observed for law enforcement, military, and commercial applications. Therefore, firearms manufacturers are engaged in developing and launching different types of firearms to attract more customers and expand their footprints across the globe.
The demand for sports guns is gaining traction due to the growing popularity of sports shooting. A sport gun is also known as a non-lethal weapon that comprises a rifle, pistol, and shotgun. It is mainly used for recreational activities and competitive shooting. These guns differ from one lethal counterpart according to their projectile, caliber, technology, and others. Sports guns are they are lighter and more comfortable to use than lethal guns such as Rheinmetall MG 3, Uzi, AK 47, M4 Carbine, and others. Furthermore, increasing participation in various shooting sports acts is a major factor driving the growth of the gun and gun accessories market. Sporting sports include high-power rifles, popinjay, cowboy action shooting, sporting clays, skeet shooting, target shooting, and others.
The participation of people in shooting sports activities such as target shooting, competitive shooting, and hunting is gaining popularity due to the increased accessibility of shooting sports to a wider range of individuals, and the inclusion of shooting sports in the Olympic Games. In addition to this, the increasing exposure of these sports through media inspired individuals to explore shooting sports. With the increasing popularity of shooting sports, the demand for guns and accessories is rising globally. Sports guns are specifically non-lethal weapon which includes handguns, rifles, shotguns, and others. In the United States, the sale of sports firearms has increased from 2017 to 2022 owing to concerns regarding personal security and self-defense, the increasing popularity of shooting sports, and recreational hunting.
Moreover, the proliferation of shooting competitions and events at various levels, ranging from local matches to national and international tournaments, has played a crucial role in popularizing shooting sports. These events attract both professional shooters and enthusiasts, creating a demand for high-quality firearms and specialized accessories that can enhance performance and accuracy. Shooters often seek accessories like specialized triggers, custom grips, muzzle brakes, and recoil pads to optimize their firearms for competitive shooting, this factor is fuelling the growth of the gun and accessories market.
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Sturm, Ruger & Co., Inc. is a U.S.-based company engaged in the manufacturing of rugged, reliable firearms for the commercial sporting market. Furthermore, the company manufactures and sells accessories and replacement parts for its firearms. The company operates its business into two operating segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding parts. The firearms segment operates its business into three segments which are
Rifles
Revolvers
Pistols
In addition, the Company manufactures lever-action rifles under the Marlin name and trademark.
Top Companies Market Share in Gun and Accessories Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Region and country analysis section of Gun and Accessories Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Gun and Accessories market.
The current report Scope analyzes Gun and Accessories Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Gun and Accessories Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Gun and Accessories Industry growth. Gun and Accessories market has been segmented with the help of its Type, End Use Application, and others. Gun and Accessories market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Gun and Accessories market.
Type of Gun and Accessories analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Gun and Accessories Industry. Request a Free Sample PDF!
In 2022, the law enforcement segment held the largest market share in terms of revenue due to the rise in military expenditure. According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure reached USD1,981 billion in 2020 with a 2.6% year-on-year increase. In order to tackle the growing threats of wars and other conflicts, several nations are continuously increasing their defense spending, thereby increasing the purchase and manufacture of guns, ammunition, and accessories.
On the other hand, competitive sports guns are gaining popularity due to increasing awareness regarding their health benefits of. These guns help to upsurge mental discipline and help improve eyesight. Further, large sporting events such as the Olympics, Asia Games, Common Wealth Games, and others including shooting activities are driving the segment growth.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Gun and Accessories market report 2024 Edition by contacting our team.
Research Associate at Cognitive Market Research
Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.
I am a results-driven research analyst with a passion for transforming complex information into strategic insights. Grounded in a solid expertise in research and analysis, I thrive on the challenges of data exploration and analysis. My goal is to provide organizations with the actionable intelligence they need to navigate an ever-evolving business landscape and succeed in their business goals.
I led pivotal research initiatives, delving into market trends, consumer behavior, and competitive landscapes. I possess a proven ability to decipher intricate datasets, employing statistical models and visualization tools to deliver strategic insights. Collaborating seamlessly with cross-functional teams, I played a key role in shaping successful business strategies grounded in robust research. I am dedicated to staying at the forefront of research methodologies and industry advancements. Regular participation in conferences, workshops, and continuous learning initiatives keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Gun and Accessories Market is witnessing significant growth in the near future.
In 2023, the Pistols segment accounted for noticeable share of global Gun and Accessories Market and is projected to experience significant growth in the near future.
The Law Enforcement segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Fabbrica d'Armi Pietro Beretta S.p.A. , General Dynamics Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Pistols, Rifles, Machine guns, Carbines, Others |
End Use | Law Enforcement, Competitive Sports |
Application | Hunting, Sport shooting, Self-defense, Law enforcement, Professional markets, Others |
Distribution Channel | Online, Offline |
List of Competitors | Fabbrica d'Armi Pietro Beretta S.p.A., Fn Herstal (Fabrique Nationale Herstal), General Dynamics Corporation, Heckler & Koch GmbH, Lockheed Martin Corporation, Northrop Grumman Corporation, Remington Outdoor Company, Savage Arms Inc, Sturm Ruger & Co. Inc., Taurus International Manufacturing Inc. |
This chapter will help you gain GLOBAL Market Analysis of Gun and Accessories. Further deep in this chapter, you will be able to review Global Gun and Accessories Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Gun and Accessories Market Trends North America Gun and Accessories Technological Road Map North America Gun and Accessories Market Drivers North America Gun and Accessories Market Restraints North America Gun and Accessories Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by End Use Analysis 2019 -2031
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Chapter 12 Market Split by Application Analysis 2019 -2031
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Chapter 13 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Gun and Accessories market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Pistols have a significant impact on Gun and Accessories market? |
What are the key factors affecting the Pistols and Rifles of Gun and Accessories Market? |
What is the CAGR/Growth Rate of Law Enforcement during the forecast period? |
By type, which segment accounted for largest share of the global Gun and Accessories Market? |
Which region is expected to dominate the global Gun and Accessories Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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