Global Sports Gun Market Analysis and Forecast, 2018-2023: Focus on Pistol, Rifle, Revolver and Shotguns - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 7, 2019--The “Global Sports Gun Market: Focus on Gun Type (Pistol, Rifle, Revolver and Shotgun) - Analysis and Forecast, 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The global sports gun market generated $1.91 billion in 2017 and is estimated to grow at a CAGR of 3.22%, during 2018-2023.
The global sports gun market is expected to witness static growth during the forecast period 2018-2023 due to the rising demand from shooting sports activities. The growing number of participants for shooting sports, rise of hunting tourism, and increased fundings to setup new shooting ranges are some of the key drivers for the growth of the global sports gun market.
Awareness about health benefits of shooting sports and promotion of hunting and shooting sports by The U.S. Department of Interior are expected to create future opportunities for the market. The global sports gun market has been classified into four-gun types: pistol, rifle, revolver, and shotgun.
Revolver gun type market is expected to have the highest growth rate during the forecast period 2018-2023 due to the extensive demand from competitive shooting activities. Furthermore, the global sports gun market has been classified into caliber type of each gun type.
North America dominated the global sports gun market in 2017 with the U.S. acquiring the most significant market share, globally. However, Asia-Pacific is expected to have the highest growth rate during the forecast period, 2018-2023.
Key questions answered in the report:
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Related Topics:Angling and Hunting Equipment
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SOURCE: Research and Markets
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PUB: 01/07/2019 08:59 AM/DISC: 01/07/2019 08:59 AM