Sporting Guns Market

Sporting Guns Market - Demand for Competitive Shooting Guns Rises with Sporting
The two top players raked in a mammoth share of 77% in the global sporting guns
market in 2015. Smith & Wesson Holding Corporation and Strum, Rugner & Co. have
held a dominant position in the global market due to their international presence and
an unwavering brand value. Transparency Market Research states that the companies
design, manufacture, and sell products that will have innovative technologies.
“Strum, Rugner & Co. is focused on developing sporting guns with lean
methodologies for effective fulfillment of the demand,” states the lead author of this
research report.
According to the research report, the global sporting guns market is expected to be
worth US$2.3 bn by the end of 2024 as compared to US$1.6 bn in 2015. During the
forecast years of 2016 and 2024, the global market is anticipated to progress at a
CAGR of 3.9%.
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Demand for Competitive Shooting Guns Rises with Sporting Events
Geographically, North America is projected to lead the global market as the region is
estimated to account for a share of 49.3% by the end of 2024. The expansion of
North America sporting guns market will be attributable to the booming rise of
participation in a wide range of sporting events that use sporting guns. This trend is
also expected to impact the sales of competitive shooting guns, which are projected
to skyrocket in the coming years. The research report anticipates that the competitive
shooting guns segment will acquire a share of 43.9% by the end of 2024.
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Benefits of Shooting as a Sport Coax Many to Invest in Sporting Guns
The growing participation in competitive sports such as the Olympic Games has
augmented the demand for sporting guns in recent years. The rise of several games
that involving shooting are anticipated to play an integral part in the growth of the
global market. Games such as paintball shooting are also adopting sporting gun or
recreational guns. The rising awareness about benefits of participating in shooting
games such as improved concentration, enhanced eyesight, and sharpened focus and
precision is also coaxing several people to take up shooting as a sport.
The growing popularity of shooting games across Western Europe and North America
have provided an international platform for several participants. The sheer difficulty
of the sport has created a demand for technologically sound products that are
designed with unmatched logic and perfect mathematical calculations. Analysts
anticipate that the growing inclination toward shooting as a sport is likely to stir a
prolific demand for sporting guns during the forecast period. Furthermore, the
ongoing efforts to replace old shooting guns for sports with new and improved ones
is also projected to raise the demand for new sports guns. Presently, the U.S. holds a
significant share in the overall market and is projected to retain its dominance all
throughout 2024.