Shooting Sports Equipment Market To Reach $53.90 Billion By 2030

Shooting Sports Equipment Market Growth & Trends

The global shooting sports equipment market size is estimated to reach USD 53.90 billion in 2030 and is anticipated to expand at a CAGR of 5.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market demand for shooting sports equipment is experiencing significant growth due to increased participation in shooting sports, technological advancements, and changing societal attitudes toward shooting activities. As more individuals recognize the physical and mental benefits of shooting sports, such as enhanced discipline, focus, and concentration, interest continues to rise. Activities such as target shooting not only improve eyesight and mental understanding but also provide a fulfilling recreational outlet, driving demand for related equipment.

Additionally, there is a growing interest in recreational shooting, encompassing activities like hunting and paintball. This trend is further supported by events organized at schools and colleges, as well as interstate competitions that encourage participation. Notably, demographic shifts are also playing a crucial role in the market's expansion. Urban residents, particularly women, are increasingly engaging in both indoor and outdoor shooting sports, contributing to a more diverse participant base and bolstering overall market growth.

Technological advancements are another key factor influencing the demand for shooting sports equipment. The introduction of innovative technologies, such as virtual shooting simulators and advanced target systems, has made shooting sports more engaging and accessible. These advancements attract both recreational shooters and professionals, enhancing skill development and safety. The modernization of shooting experiences is appealing to a broader audience, further driving interest in the sport.

Economic factors also play a significant role in shaping the market. As disposable incomes rise, individuals are more likely to invest in leisure activities, including shooting sports. This financial flexibility allows for greater spending on equipment, memberships, and visits to shooting ranges, contributing to market growth. Furthermore, the expansion of shooting ranges equipped with modern technology caters to both novice and experienced shooters, promoting participation and enhancing the overall shooting experience.

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Shooting Sports Equipment Market Report Highlights

• Asia Pacific is expected to grow at a CAGR of 6.6% over the forecast period from 2024 to 2030. Rise of disposable incomes in many Asia Pacific countries led an increased ability to spend on leisure activities, including shooting sports. This economic factor has contributed to the growing market for shooting sports equipment.

• Based on category, shooting apparel are expected to growth with a CAGR of 7.9% from 2024 to 2030. Innovations in fabric technology, such as breathable, durable, and lightweight materials, have made shooting apparel more comfortable and effective. These advancements attract both novice and experienced shooters who seek high-performance gear.

• Based on equipment, ammunition are expected to grow at a CAGR of 7.3% from 2024 to 2030. As more people invest in firearms for personal defense and shooting, the demand for ammunition grows. This trend is driven by heightened awareness of self-defense needs and a resurgence in hunting activities, both of which require regular ammunition replenishment.

• Based on distribution channel, sales through online channels are expected to growth with a CAGR of 6.6% from 2024 to 2030. Online platforms offer a more extensive selection of shooting apparel and equipment compared to brick-and-mortar stores, which may have limited shelf space and stock. Consumers can choose from a wide range of brands, styles, and sizes, including niche products that might not be available in local stores. This variety ensures that customers can find exactly what they are looking for, boosting online sales.

Shooting Sports Equipment Market Segmentation

Grand View Research has segmented the global shooting sports equipment market based on  category, equipment, distribution channel, and region:

Shooting Sports Equipment Category Outlook (Revenue, USD Million, 2018 - 2030)

• Apparel

• Equipment

Shooting Sports Equipment Outlook (Revenue, USD Million, 2018 - 2030)

• Handguns

• Rifles

• Shotgun

• Muzzleloader

• Ammunition

• Protective Gear

Shooting Sports Equipment Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Online

• Sporting Goods Retailers

• Supermarkets & Hypermarkets

• Exclusive Brand Outlets

• Others

Shooting Sports Equipment Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • Australia & New Zealand

  • South Korea

• Central & South America

  • Brazil

• Middle East & Africa

  • UAE

List of Key Players in the Shooting Sports Equipment Market

• Smith & Wesson Brands, Inc.

• Sturm, Ruger & Co., Inc.

• GLOCK Ges.m.b.H.

• Beretta Holding S.p.A.

• Remington Outdoor Company, Inc.

• Savage Arms, Inc.

• Browning Arms Company

• Heckler & Koch GmbH

• Sig Sauer, Inc.

• Colt's Manufacturing Company LLC