Sports Rifle Market size is estimated to be USD 4.5 Billion in 2024 and is expected to reach USD 6.8 Billion by 2033 at a CAGR of 5.2% from 2026 to 2033.
The global sports rifle market demonstrated significant growth in 2022, with valuations ranging between approximately $1,358.7 million and $3.9 billion, depending on varying market analyses. The compound annual growth rate (CAGR) during the forecast period also varies across sources, with estimates ranging from 1.9% to 5.0%. This growth is primarily driven by the increasing popularity of recreational shooting and hunting activities, advancements in rifle technology, and a rise in competitive shooting events worldwide.
Regionally, North America dominates the sports rifle market, accounting for a substantial share of approximately 76%, attributed to a strong culture of hunting and well established shooting sports infrastructure. Europe follows with a market share of about 16%, while the Asia Pacific region holds around 3% of the market. The Asia Pacific region is anticipated to experience the highest growth rate in the coming years, fueled by increasing disposable incomes, a growing interest in adventure sports, and expanding shooting sports infrastructure. These regional dynamics present significant opportunities for market expansion and investment in the sports rifle industry.
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Sturm
Ruger
Howa Machinery
American Outdoor Brands
German Sport Guns
Creedmoor Sports
Dick€™s Sporting Goods
J G. Anschutz
Beretta Holding
Browning Arms
Miroku
Olympic Arms
Legacy Sports International
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Sports Rifle Market
Rimfire Rifles
Centerfire Rifles
Air Rifles
Precision Rifles
Hunting Rifles
Competitive Shooting Rifles
Recreational Shooting
Hunting
Competitive Shooting
Law Enforcement and Military
Training and Education
Online Retail
Specialty Stores
Sports Equipment Stores
Direct Sales
Wholesale Distributors
Professional Shooters
Amateur Shooters
Hunters
Collectors
Law Enforcement Agencies
Military Personnel
Entry-Level (< $500)
Mid-Range ($500 - $1,500)
High-End ($1,500 - $3,000)
Luxury (> $3,000)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Sports Rifle Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Sports Rifle Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Sports Rifle Market, By Type
6. Global Sports Rifle Market, By Application
7. Global Sports Rifle Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Sports Rifle Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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