Shotgun and Rifles Market to Grow with a CAGR of 4.51% through 2030
The rising demand for recreational
shooting sports, increased adoption by law enforcement agencies, and
advancements in firearm technology are the factors driving the market in the
forecast period 2026-2030.
According to
TechSci Research report, “Shotgun and Rifles Market - Global Industry Size,
Share, Trends, Competition, Forecast & Opportunities, 2030F” the Global
Shotgun and Rifles Market was valued at USD 5.96 Billion in 2024 and is
expected to reach USD 7.76 Billion by 2030 with a CAGR of 4.51% during the
forecast period. The global
shotgun and rifle market is witnessing steady expansion, fueled by evolving
consumer needs and increasing demand in various sectors such as recreational
shooting, professional sports, security, and defense. A primary factor
contributing to the market’s growth is the rising global interest in outdoor
activities like hunting and shooting sports, which have become increasingly
popular in both developed and emerging markets. The firearms industry has
adapted to these trends by introducing advanced designs that offer higher
precision, enhanced safety features, and improved performance in a variety of
conditions. With innovations such as suppressors, recoil reduction systems, and
advanced barrel designs, modern shotguns and rifles cater to a broader range of
users, from amateur enthusiasts to seasoned professionals.
Additionally,
the growing use of firearms for self-defense and personal security has
increased their appeal among civilian users. Urbanization and rising crime
rates in certain regions have spurred demand for more accessible, easy-to-use
firearms for protection. The market is also benefitting from greater adoption
of firearms in the military and law enforcement sectors, where modernization of
weaponry is crucial for operational effectiveness in increasingly complex
environments. As security concerns evolve globally, government agencies and
defense contractors are seeking versatile and reliable firearms, further
driving the adoption of high-performance shotguns and rifles.
Another key
factor in the market's progression is the ongoing emphasis on customization and
personalization. Manufacturers are focusing on offering modular systems that
allow users to personalize their firearms, enhancing their appeal to collectors
and enthusiasts. Additionally, the growth of online retail channels and
direct-to-consumer sales models is facilitating greater accessibility to
firearms, creating new avenues for market expansion.
Technological
advancements in manufacturing techniques, such as 3D printing and automation,
have also played a role in reducing production costs and improving weapon
accuracy and reliability. However, challenges such as evolving regulations,
heightened scrutiny over firearm sales, and increasing calls for stricter gun
control laws in several countries could present obstacles for market growth. To
remain competitive, market players must adapt to regulatory changes while
continuing to innovate and meet the demands of a diverse, growing consumer
base.
Browse over xx market data Figures spread
through xx Pages and an in-depth TOC on "Global Shotgun and Rifles Market.”
The Shotgun and Rifles Market is segmented into range,
end-user, weapon loading mechanism, and region.
Based on range,
the medium-range segment of the global shotgun and rifle market is poised to be
the fastest growing in 2024. These firearms typically offer an effective
shooting distance that caters to a variety of uses, from hunting and sports
shooting to tactical and self-defense applications. Their versatility makes
them highly appealing to a wide range of users, particularly those seeking
firearms with a balance of power and precision for both short and long-range
use. The growing interest in medium-range rifles, especially in markets where
shooting sports are popular, has been fueled by improvements in firearm
accuracy and the increasing availability of specialized ammunition that
enhances performance at these ranges. This segment has also gained traction
among law enforcement and military agencies, where medium-range weapons offer
an optimal solution for diverse operational needs. The combination of
lightweight designs, portability, and ease of handling has further spurred the
demand for medium-range shotguns and rifles, making it a dominant segment in
2024.
Based on region,
the Asia-Pacific market is projected to be the fastest growing in 2024 for
shotguns and rifles. This region’s rapid economic development, coupled with
rising disposable incomes and a growing interest in outdoor sports, has
significantly contributed to the demand for firearms. In countries such as
India, Japan, and China, there has been an increasing interest in both
recreational shooting and self-defense, fueling market expansion. Additionally,
the rise in military spending across several Asia-Pacific countries, driven by
regional security concerns, has led to higher procurement of firearms for
defense and law enforcement use. The region's growing interest in modernizing
firearm technology, paired with a burgeoning middle class seeking personal
protection, is expected to sustain this growth trend. As firearm regulations
become more structured and enforcement agencies modernize their equipment, the
Asia-Pacific region is set to remain a key driver of the global shotgun and
rifle market.
Major companies operating in the global Shotgun and
Rifles Market are:
- Remington Ammunition (Vista
Outdoor Inc.)
- Sturm, Ruger & Co., Inc.
- Sig Sauer, Inc.
- Heckler & Koch GmbH
- O. F. Mossberg & Sons, Inc.
- Kalashnikov Concern JSC
- Fabbrica d’Armi Pietro Beretta S.p.A.
- CheyTac USA
- FN HERSTAL
- Springfield, Inc,
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“The global
shotgun and rifle market is witnessing substantial growth, fueled by the
increasing demand across recreational shooting, law enforcement, and defense
sectors. With rising participation in shooting sports, coupled with greater
concerns for personal security, the market for firearms is expanding rapidly.
Technological advancements in materials, design, and functionality are
enhancing the appeal of shotguns and rifles, making them more versatile and
user-friendly. Despite challenges like strict regulatory environments and
concerns over firearm safety, the market's future remains promising. As
innovation continues to drive product development, the demand for
high-performance shotguns and rifles is expected to remain strong, with
significant growth across both civilian and professional applications“, said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
"Shotgun and Rifles Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Range (Short-Range, Medium-Range, Long-Range), By End User (Military, Civilian, Law Enforcement), By Weapon Loading Mechanism (Manual, Semi-Automatic/ Automatic), By Region & Competition, 2020-2030F”, has evaluated
the future growth potential of global Shotgun and Rifles Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision-makers make sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global Shotgun and Rifles.
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