Global Sports Gun Market is likely to be worth US$2.3 bn by 2024, anticipated to progress at a CAGR of 3.9%

Global Sports Gun Market is likely to be worth US$2.3 bn by 2024, anticipated to progress at a CAGR of 3.9%

A sports gun is defined as a non-lethal or less-lethal rifle, pistol, handgun or shotgun intended for competitive and recreational shooting, recreation, and hunting purposes. These guns are increasing in popularity owing to the surge in participation of emerging and developing economies in global shooting events. The global market is projected to grow in the near future. Global Sports Gun Market: Drivers and Trends The strong growth in competitive shooting is driving the growth of the sports gun market. Sports guns are manufactured in large varieties, each differing from another on the basis of power source, barrel, propellant, projectile, ammunition, calibers, technology, cutting type, or legality in various countries across the world. A sports gun is relatively lighter and more compact than the other gun types; hence it is much easier to carry around. In addition, progress in end use industry applications is supporting the market currently. Due to the surging participation in global sporting events from the emerging economies, the sports gun market is expected to witness growth and development in the coming years. In spite of this, manufacturing of these guns is consolidated, and concentrated in a few regions all over the world. Hence, there is an ever-escalating competition among the key players in the global sports gun market. High incidence of mergers and acquisition among these market leaders has resulted into increase in sales thus driving the global sports gun market. Click to get Sample PDF: www.researchmoz.us/enquiry.php?type=S&repid=905686 Further strategies adopted by these organizations to improve their […]

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