Sports Gun Market Research Report and Forecast up to 2024 Sports Gun Market - Global Industry Analysis, Size

Sports Gun Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016
- 2024
Global Sporting Guns Market: Snapshot
Sports guns are non-lethal weapons that use metal tubes to fire bullets, pellets,
artillery shells, darts or arrows with explosive force or compressed air. These guns
are predominantly used in sporting events such as rifle shooting, target shooting,
and handgun shooting. Besides competitive sports, sporting guns are also used for
recreational purposes for hunting and paintball. Unfortunately, hunting guns have
the capability of injuring or harming life, which has become the very reason for their
plummeting sales in recent years. The research report states that the global market
has a bright future. According to the research report, the opportunity in the global
sporting guns market is likely to be worth US$2.3 bn by the end of 2024 as
compared to US$1.6 bn in 2015. Between the forecast years of 2016 and 2024, the
global market is anticipated to progress at a CAGR of 3.9%.
View Report @ http://www.transparencymarketresearch.com/sports-gun-
market.html
Growing Participation in Sporting Events Augurs Well for Global Market
The growing awareness about shooting as a sport is expected to be the major
driving force for the global market. Target shooting is known to build and enhance
physical discipline amongst sportsmen. It improves motor skills, hand-eye
coordination, and stamina. The persistent usage of guns increases arm strength,
which, in turn, helps in improve the aim at targets. In the case of marksmen it
enhances the ability to focus, thus helping them aim at targets with precision.
Shooting also sharpens the eyesight, levels of concentration and is hence known as
a challenging mental sport. It also challenges the mind to use logic and
mathematics to calculate the wind velocity to make a winning aim. These benefits
of shooting as a sport are augmenting the demand for sporting guns across the
globe.
Sporting guns are used for competitive shooting, recreation, and hunting. As of
2015, the competitive shooting segment held the dominant share in the global
market, which was closely followed by hunting. Over the past few years, the
competitive shooting segment has witnessed a prolific surge due to increasing
participation in sporting activities such as The Olympic Games. However, the
demand for sports guns has witnessed a downfall in emerging economies due to
their high price of manufacturing and imports.