The global Air Gun Market is anticipated to reach US$ 3,897.0 Mn in 2027, exhibiting a CAGR of 8.2% over the forecast period of 2020–2027, according to a recent research study from The Insight Partners titled "Air Gun Market — Global Analysis and Forecasts to 2027."
The global air gun market is expanding as people's interest in sports and leisure activities, such as shooting, which demands an air pistol with high precision, accuracy, and speed, grows. One of the key factors propelling the expansion of the air gun market is the increasing number of athletic events taking place around the world. The sporting event consists of various shooting sport categories, including shooting distances, gear, time constraints, targets, and levels of athleticism required. Target shooting is one of the most popular pastimes in colonial America, and compared to other nations, federal restrictions are also lax. Rifle and pistol shooting competitions are organised for various categories at a number of sporting events, including the Asian Games, Olympics, Montana 4-H Shooting Sports Events, World Shooting Para Sport World Cup, and Commonwealth Games. The range of the rifles and pistols used in this sport is predetermined and specific. As a result, athletic events only use air guns that match these criteria. The demand for air guns is increasing due to the worldwide increase in such shooting competitions. Numerous such events are being planned in North America and Europe, which is expected to give sir gun makers a significant boost.
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The region plans significant continental multisport competitions involving many nations, including China, South Korea, Australia, and India. These sporting activities provide a wealth of potential for air rifle and pistol makers to design cutting-edge air weapons that will satisfy players' needs and aid in their goal-achieving. The buyer is subject to a number of government laws and regulations in various nations. In Australia, the government announced a number of laws governing the purchase of air weapons, such as air rifles that are classified as Class A firearms and may be used for legal purposes. Air pistol shooters are also required to be members of an authorised pistol club for six months prior to purchasing an air pistol. Similar to this, China has what is thought to be the strictest air gun usage laws in the entire world. The Chinese government has been forced to make certain legislation changes in response to the growing popularity of hunting and shooting, and to provide young people with support as they further develop their enthusiasm.
The air gun market is expanding the quickest in North America. The US is currently in the lead, followed by Mexico and Canada. With the continued advancement of air guns for recreational hunting activities, the governments in the area have established numerous laws and restrictions for their adoption. Among the air gun producers in North America are Crosman, Beeman Precision Airguns, Umarex USA, Pyramyd Air, and Pyramyd Air. The existence of a disproportionately large number of players in the area is anticipated to spur market expansion.
Due to rising interest in hunting and target shooting competitions among people all over the world, the global air gun market is predicted to develop significantly during the projected period. On the other hand, the market for air weapons is being constrained by reasons like the strict controls that are imposed on their use and purchase. The pistols segment is anticipated to have the biggest market share from 2020 to 2027. Airgun pellets had the biggest market share in terms of ammunition type in 2018 and are anticipated to continue to hold this position throughout the assessment period.
Some of the top players in the air gun market include Velocity Outdoor, Gamo Outdoor, Airforce Airgun, and Smith & Wesson. Market leaders take part in a variety of market initiatives, such as mergers and acquisitions, the development of products employing cutting-edge technology, and financial investments to maintain brand recognition on a global scale. For instance, in 2019 Velocity Outdoor unveiled the Gen2 Benjamin Fortitude. The most recent model of.177 and.22 calibre PCP air rifles for hunters and shooters is this one. Smith & Wesson introduced Crimson-Trace Equipped Handguns in 2019 in a comparable vein.
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