Shooting And Gun Accessories Global Market Poised to Reach $10.14 Billion at a CAGR of 7.4% By 2028 | SIG SAUER Inc., Kimber Mfg. Inc., Umarex USA, Savage Arms lnc., ArmaLite Inc.

"The new report published by The Business Research Company, titled ""Shooting And Gun Accessories Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the shooting and gun accessories market size has grown strongly in recent years. It will grow from $7.13 billion in 2023 to $7.62 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The shooting and gun accessories market size is expected to see strong growth in the next few years. It will grow to $10.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.

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Surge In Territorial Activities Expected To Drive Growth In The Shooting And Gun Accessories Market
A rise in territorial activities throughout the world is expected to propel the growth of the shooting and gun accessories market going forward. Guns and accessories are used for a variety of purposes, such as self-defense, law enforcement, hunting, sports shooting, and others. The rise in territorial activities throughout the world will drive the demand for shooting and gun accessories that support the growing territorial activities. For instance, in June 2022, according to a report published by the United Nations High Commissioner for Refugees, a Switzerland-based agency of the UN tasked with assisting and defending refugees, globally, 89.3 million people were displaced from their homes by the end of 2021 because of war, violence, fear of persecution, and human rights violations. This is the highest number since World War II and more than double the 42.7 million individuals who were still forcibly displaced a decade ago. More than doubling from 10.5 million a decade ago, the number of refugees climbed during the year, to 21.3 million at the end of 2021. Therefore, the rise in territorial activities throughout the world will fuel the growth of the shooting and gun accessories market.

Emerging Trends In Product Development Drive The Shooting And Gun Accessories Market
Product innovation in gun accessories is a key trend gaining popularity in the shooting and gun accessories market. Major companies operating in the market are developing innovative products such as lightweight rifles, accessories with compact designs, guns, holographic sighting systems, tactical lasers, illuminators, thermal imaging equipment, and others to sustain their position in the market. For instance, in March 2021, Dark Storm Industries LLC, a US-based firearms manufacturer, launched the DS-25 Typhoon Sport Utility Rifle, which is small and light. The new.308 semi-auto rifle makes use of several AR-15 mil-spec-style parts. The Typhoon features a free-float M-LOK forearm, an ambidextrous charging handle, and safety selector in addition to a billet 7075 aluminum upper and lower receiver coupled with a nitride 4150 barrel. The weapon's non-NFA variant introduces the.308 cartridges to the subcompact truck gun market with its shortened 12.5"-barrel, front vertical handle, and SBA3 brace.

The shooting and gun accessories market covered in this report is segmented -
1) By Type: Air Rifle, Air Pistol, Other Types
2) By Distribution: Online, Offline
3) By End-Use: Law Enforcement, Competitive Sports

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Major companies operating in the shooting and gun accessories market report are Beretta Holding S.p.A., Remington Arms Company LLC, Smith & Wesson Brands Inc., SIG SAUER Inc., Sturm Ruger & Co Inc., Taurus International Manufacturing Inc., Fabrique Nationale Herstal, Fabbrica d'Armi Pietro Beretta SpA, Heckler & Koch GmbH, Colt's Manufacturing Company, AMERICAN OUTDOOR BRANDS INC., O.F. Mossberg & Sons lnc., Hatsan Arms Company, Browning Arms Company, Kimber Mfg. Inc., Umarex USA, Savage Arms lnc., Glock Ges.m.b.H., Barrett Firearms Manufacturing Inc., Daisy Outdoor Products lnc., Feinwerkbau GmbH, Daniel Defense Inc., Gamo Outdoor S.L.U, H-S Precision Inc., Benelli Armi SpA, ahg-Anschütz Handels GmbH, ArmaLite Inc., Weihrauch & Weihrauch Sport GmbH & Co KG, Webley & Scott, Les Baer Custom Inc., LWRC International LLC, Nighthawk Custom, Wilson Combat, Ed Brown Products Inc., STI International Inc., Magnum Research Inc.

Contents of the report:
1. Executive Summary
2. Shooting And Gun Accessories Market Report Structure
3. Shooting And Gun Accessories Market Trends And Strategies
4. Shooting And Gun Accessories Market - Macro Economic Scenario
5. Shooting And Gun Accessories Market Size And Growth
…..
27. Shooting And Gun Accessories Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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