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Hunting Equipment Market in the Americas 2019-2023 | Innovation in Ammunition Designs to Boost Growth | Technavio

December 3, 2019
Hunting Equipment Market in the Americas 2019-2023 | Innovation in Ammunition Designs to Boost Growth | Technavio
Hunting Equipment Market in the Americas 2019-2023 | Innovation in Ammunition Designs to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Dec 2, 2019--

The hunting equipment market in the Americas is expected to post a CAGR of over 1% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled hunting equipment market in the Americas 2019-2023. (Graphic: Business Wire)

The rising focus on healthy lifestyles has made recreational activities such as hunting and fishing popular in the Americas, especially in the US and Canada. Moreover, the sale of hunting licenses helps generate revenue for wildlife conservation and habitat management. These factors will contribute to outdoor hunting equipment market growth in the Americas over the forecast period.

To learn more about the global trends impacting the future of market research, download free sample:https://www.technavio.com/talk-to-us?report=IRTNTR30624

As per Technavio, the innovation in ammunition designs, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Hunting Equipment Market in the Americas: Innovation in Ammunition Designs

Vendors are increasingly creating new and innovative ammunition designs due to rising focus on environment conservation and habitat preservation. End-users prefer lead-free ammunition over traditional lead ammunition because of its harmful impact on wildlife and the contamination of water bodies. Market vendors are also offering subsonic ammunition that leaves the firearm muzzle at speeds below the speed of sound, thereby ensuring minimal sound generation during hunting. Such innovations in ammunition designs are expected to fuel the growth of the hunting equipment market in the Americas.

“The rise in popularity of online sales of hunting equipment and the increasing growth of tourism industry are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.

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Hunting Equipment Market in the Americas: Segmentation Analysis

This market research report segments the hunting equipment market in the Americas by product (firearms; ammunition and accessories; and archery equipment and knives) and geographical regions (US, Canada, and Rest of the Americas).

The US led the market share in 2018, followed by Canada and Rest of Americas respectively. During the forecast period, the US region is expected to maintain its dominance over the global market. This is due to the rising popularity of outdoor recreational activities and the increase in hunting equipment sales through online platforms.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191202005519/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: SPORTS HUNTING

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 12/02/2019 11:00 PM/DISC: 12/02/2019 11:01 PM

http://www.businesswire.com/news/home/20191202005519/en