Global Shotgun and Rifles Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Range;

Short Range, Medium Range and Long Range.

By Loading Mechanism;

Manual and Semi-Automotic/Automatic.

By End Use;

Military and Civilian and Law Enforcement.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn706984178 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Shotgun and Rifles Market (USD Million), 2020 - 2030

In the year 2023, the Global Shotgun and Rifles Market was valued at USD 3,353.82 million. The size of this market is expected to increase to USD 5,826.55 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 8.2%.

The global shotgun and rifles market represents a significant segment within the firearms industry, catering to diverse consumer needs ranging from sporting activities to law enforcement and military applications. Shotguns and rifles are versatile firearms designed for various purposes, including hunting, competitive shooting, self-defense, and recreational shooting. With a rich history dating back centuries, these weapons have evolved significantly in terms of design, technology, and functionality to meet the demands of modern users.

In recent years, the global shotgun and rifles market has witnessed steady growth driven by several factors, including increasing participation in shooting sports, rising demand for personal and property protection, and expanding military and law enforcement budgets worldwide. Additionally, advancements in firearm manufacturing techniques, materials, and accessories have contributed to the market's expansion, offering consumers a wide array of options to choose from based on their specific requirements and preferences.

North America holds a prominent position in the global shotgun and rifles market, driven by a strong gun culture, high participation rates in shooting sports, and a robust firearms industry. The region boasts a diverse range of manufacturers, including renowned brands producing premium-quality shotguns and rifles for both civilian and professional use. Furthermore, stringent regulations governing firearms ownership and usage in many countries have spurred technological innovations aimed at enhancing safety features and compliance with legal requirements, thus shaping the market's landscape.

Looking ahead, the global shotgun and rifles market is poised for continued growth, fueled by factors such as increasing interest in outdoor recreational activities, expanding urbanization leading to greater demand for personal protection, and ongoing advancements in firearm technology. However, the market also faces challenges related to regulatory uncertainties, environmental concerns, and socio-political factors that may impact consumer behavior and industry dynamics. Nonetheless, manufacturers are likely to capitalize on emerging opportunities by introducing innovative products and forging strategic partnerships to maintain their competitive edge in this dynamic market landscape.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Range
    2. Market Snapshot, By Loading Mechanism
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Region
  4. Global Shotgun and Rifles Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Shooting Sports
        2. Escalating Need for Personal Protection
        3. Increased Military and Law Enforcement Spending
        4. Technological Advancements in Firearms
      2. Restraints
        1. Stringent Regulatory Environment
        2. Environmental Impact Concerns
        3. Influence of Socio-Political Factors
        4. Safety Issues and Public Perception
      3. Opportunities
        1. Expansion in Outdoor Recreation Market
        2. Advancements in Firearm Technology
        3. Untapped Markets in Developing Regions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Shotgun and Rifles Market, By Range, 2022 - 2032 (USD Million)
      1. Short Range
      2. Medium Range
      3. Long Range
    2. Global Shotgun and Rifles Market, By Loading Mechanism, 2022 - 2032 (USD Million)
      1. Manual
      2. Semi-Automotic/Automatic
    3. Global Shotgun and Rifles Market, By End Use, 2022 - 2032 (USD Million)
      1. Military
      2. Civilian
      3. Law Enforcement
    4. Global Shotgun and Rifles Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN(Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Remington Arms Company, LLC
      2. Sturm, Ruger & Co., Inc
      3. SigSauerGmbH
      4. Heckler and Koch GmbH
      5. OF Mossberg and Sons
      6. JSC Kalashnikov Concern
      7. Fabbricad'ArmiPietro Beretta
      8. CheyTacLLC
      9. FNHerstal S.A
      10. Barret Firearms
      11. Springfield Armory Inc
      12. Browning Arms Company
  7. Analyst Views
  8. Future Outlook of the Market

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