VANCOUVER, BC, Oct. 29, 2020
- The increasing emphasis on law enforcement training and extensive demand for shooting games in sports events are the major factors influencing the market growth
- Market Size – USD 2.36 billion in 2019, Market Growth - CAGR of 4.8%, Market Trends – Higher demand for sports guns in the international multi-sport events
VANCOUVER, BC, Oct. 29, 2020 /PRNewswire/ -- The Global Sports Guns Market is forecast to be worth USD 3.46 billion by 2027, according to a current analysis by Emergen Research. Key factors influencing the market growth include the growing adoption of sports guns for training purposes, rising number of sports events that include shooting games, increasing interest in hunting, and applicability of sports guns in nonlethal usage, among others.
Besides, the rise in cross-border conflicts that restricts the usage of firearms and the growing adoption of sports guns for non-deadly self-defense are some of the additional reasons behind the remarkable growth of the market. Moreover, reduced manufacturing costs of the guns with the help of 3D printing mechanisms, growing demand for smart guns, and increasing usage of the polymer in the arms industry are some of the subordinate market propelling factors that create a huge breakthrough in the market growth.
The global landscape of the Sports Guns Market is expected to remain highly competitive and fragmented, consisting of a number of both small start-ups & medium enterprises and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure enormous growth potential for innovative players.
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For the purpose of this report, Emergen Research has segmented the Global Sports Guns Market on the basis of Type, Application, Distribution Channel, Materials Used, and Region:
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