Global Shooting Sports Guns Market Size is $3411.91 Million in 2023

Shooting Sports Guns Market Overview

According to global market monitor, 2023 global shooting sports gun industry market size is 3411.91 M USD, it is expected to grow to 4233.39 M USD by 2028, CAGR of 4.58% from 2023-2028.

Shooting originated from hunting and military activities. Shooting Sports is also popular as a sports culture. In various countries, interstate sports events and recreational or sports related activities in schools and universities will also support the growth of the Shooting Sports Guns market.

World Events and Leisure Activities Stimulate the Demand for Shooting Sports Guns

At the 2nd Asian Games in Manila in 1954, shooting was listed as an official event. The shooting competition of the 19th Asian Games in Hangzhou was held from September 24 to October 1, 2023, with 33 gold MEDALS awarded. With the expansion of shooting sports in various events and leisure activities, the demand for shooting sports guns has increased. By application, the Competitive Shooting segment occupied the biggest share. Europe and North America are the main consumer regions of Shooting Sports Guns, and the demand for Shooting Sports Guns is stable.

Laws Regulate the Operation of the Shooting Sports Gun Industry

The firearms management regulations for shooting competitive sports were reviewed and approved by the General Meeting of the Director General of the General Administration of Sports of China on June 11, 2010, and approved by the Ministry of Public Security, effective January 1, 2011. The Chinese Firearms Management Regulations for Shooting Competitive Sports stipulate the conditions for applying for units engaged in shooting competitive sports, stipulate the configuration and purchase of sports firearms, regulate the daily management of sports firearms, regulate the transportation of sports firearms, regulate the Entry and exit and related penalties.

The European Firearms Directive is a law of the European Union which sets minimum standards regarding civilian firearms acquisition and possession that EU member states must implement into their national legal systems. The member states are free to adopt more stringent rules, which leads to differences in the extent of citizens\' legal access to firearms within different EU countries.

S	Increased demand for shooting guns in competitive games, such as national, interstate sporting events, and school entertainment Products with innovative technologies continue to appear
W	The market is limited by increased manufacturing costs and the high cost of components used to shoot sports guns Strict hunting laws restrict the market, which leads to a decline in demand for shotguns.
O	People\'s awareness of shooting sports improves, and more people participate in shooting sports Governments in different countries are providing funds and programs to promote people’s participation in sports such as shooting
T	Tariffs in international trade affect market development Many areas prohibit the use of any type of gun for civilians