Press release
North America will Continue to be the Leading Market for Airsoft Guns | Tokyo Marui, ICS Airsoft, Inc., Crosman Corporation, A&K Airsoft Ltd, G&G Armament
The study opines that electric-powered airsoft guns continue to witness increased adoption over spring-powered and gas-powered variants, attributing to their selective fire capabilities. Moreover, electric-powered airsoft guns can be leveraged for both semi and fully automatic operations, unlike the rest two counterparts. Manufacturers are thus likely to maintain their focus on innovations in electric airsoft guns, banking on their successful track record on the basis of ‘customization’.
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Growing traction for fully automatic and highly upgraded guns that have adequate metal gearbox internals covered in strong polycarbonate, continue to uplift the revenue share of electric-powered airsoft guns in the market, which was ~40% in 2018. With end users seeking guns that can be readily upgraded to increase the rate of fire, electric-powered airsoft guns will continue to witness a spike in sales in the forthcoming years.
Over 70% Sales Upheld by Individual Buyers
The study opines that the shifting focus of individuals, specifically from millennial generation and Gen X, continues to significantly contribute to the growth of the airsoft guns market, owing to their growing enthusiasm for airsoft. In line with the increasing number of individual buyers who collectively accounted for sales of over a million units of airsoft guns in 2018, manufacturing companies are zooming in the focus on the needs of individual consumers, to reformulate their growth strategies. The demand for customized paint jobs on airsoft guns is likely to gather momentum as an aftersales service, hinting a new focal point for market players in the airsoft guns landscape.
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Gains Remain Concentrated in North America & Europe
The study opines that North America, trailed by Europe, holds substantial revenue share in the airsoft guns market. Growing popularity of team sports has been inducing the individual involvement in airsoft games, which in turn is invariably pointing towards an influx of opportunities for stakeholders in these regions. The lucrativeness of North America airsoft guns market is further estimated to remain intact, as the region holds maximum number of airsoft fields in the world. Moreover, increasing individual participation in recreational sports, in North America and Europe, has been augmenting the number of airsofters, uplifting the sales prospects of airsoft guns in these highly regulated regions.
Airsoft guns manufacturers in developing countries, such as China and South Korea, have shifted their focus to reputed online sales channels who are the key distributers in North America, which has been the prime market for airsoft sport. This falls in line with the regulations on sale and unlicensed use of airsoft guns in various regions. As per Fact.MR’s analysis, third party online sales have been driving significant gains in the airsoft guns market, which are likely to account for ~45% sales in 2019, followed by specialty stores.
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Key companies profiled in the airsoft guns market include, Tokyo Marui, ICS Airsoft, Inc., Crosman Corporation, A&K Airsoft Ltd, G&G Armament, Valken, Inc., Umarex, Armament, Classic Army, Kriss USA, APS Conception, KWA Airsoft, Lancer Tactical, Colt's Manufacturing Company, Ballistic Breakthru Gunsnery Corporation, Kriss USA, Cyberguns, and Systema Engineering.
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