Air Gun Market Overview and Regional Outlook Study

The Air Gun Market size is expected to grow from US$ 2,135.8 million in 2019 to US$ 3,897.0 million by 2027; it is estimated to witness healthy market growth of 8.2% CAGR from 2020 to 2027.

The target shooting with air gun is popular across the world. The air gun shooting is the US is actively promoted by the National Rifle Association. During the last decade, air gun shooting was one of the three competitive shooting events that has seen a positive growth in the US. Currently, the global air gun market continues to witness a significant proportion of product launches among the leading market players operating in the air gun market. Factors such as the presence of a high number of market players and high market competitiveness along with limited organic growth opportunities have attributed to significant product developments. Along with periodic modification into the existing industry standard practice with consistent advancement in technology is anticipated, which would continue to offer market growth opportunities for air gun market players.

Currently, the air gun market is heavily fragmented with the presence of a large number of companies with strong regional presence. However, the air gun market constitutes few prominent market players including Airforce Airguns, Velocity Outdoor Inc., Daisy Outdoor Products, Feinwerkbau GmbH, GAMO Outdoor, S.L.U, Morini Competition Arm SA, Smith Wesson with global presence and diverse customer base. The global air gun market continues to witness a significant proportion of product launches among the leading market players operating in the air gun market. Factors such as the presence of a high number of market players and high market competitiveness along with limited organic growth opportunities have attributed to significant product developments. Along with periodic modification into the existing industry standard practice with consistent advancement in technology is anticipated, which would continue to offer market growth opportunities for air gun market players.

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The air gun market is accelerating a decent pace, and over the past half-decade, the manufacturers are experiencing substantial demand for their products from direct customers as well as online distributors. The air gun are not considered as firearms, and owing to this, the establishing of newer manufacturing plants is easier. The global air gun market is fragmented with significant number of players operating across the globe, and over the years, the number of manufacturers is increasing. The increase in manufacturers is boosting the global air gun market by offering an increased number of products.

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