Hunting Equipment and Accessories Market Size, Trends and Insights By Product Type (Gun & Rifles, Archery, Ammunition, Auxiliary Equipment, Others), By Distribution Channel (Hunting Equipment & Accessories Specialty Stores, Online), By End User (Individual, Commercial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- American Outdoor Brands Corp.
- Beretta Holding SA
- BPS Direct LLC
- Buck Knives Inc.
- Dick’s Sporting Goods Inc.
- Others
Reports Description
Global Hunting Equipment and Accessories Market was valued at USD 23.9 Billion in 2024 and is expected to reach USD 43.6 Billion by 2033, at a CAGR of 7.8% during the forecast period 2024 – 2033.
Hunting equipment and accessories are a diverse set of tools and gear used by shooters to look for and harvest mammals. This includes rifles, bows, cartridges, arrows, camouflage apparel, hunting blinds, canopy stands, decoys, knives, backpacks, GPS systems, and other equipment intended to improve the hunting experience while also ensuring safety and success in the field.
Hunting Equipment and Accessories Market: Growth Factors
Rising consumer appeal toward outdoor recreational activities
The increased interest in outdoor leisure pursuits has a considerable impact on the hunting equipment and accessories industry. As more people aspire to participate in activities including hunting, camping, and hiking, there is a greater need for specialized equipment and accessories to improve their outdoor experiences.
Furthermore, the growth of online communities and outdoor lifestyle bloggers has promoted outdoor activities, resulting in higher rates of participation. Customers are progressively spending on high-quality hunting equipment, including weapons, camouflage gear, optics, and hunting attire, to ensure comfort, safety, and performance on their adventures.
Manufacturers are reacting to this desire by developing and expanding their product offerings to accommodate diverse skill levels, tastes, and budgets, resulting in increased growth in the hunting sporting goods market.
For instance, in 2022, 80% of outdoor activity categories saw increased participation, encompassing broad categories like trekking and fishing as well as smaller ones like sport climbing and skateboarding.
Growing tourism activities
Increased tourist activities can boost the hunting equipment and accessories sector through a variety of routes. Tourism supports outdoor pursuits such as hunting, thus there is a rising need for hunting gear among visitors looking for genuine experiences.
This spike in demand may boost the manufacture and sale of equipment for hunting and accessories. Tourism can open up chances for hunting outfitters and guides, who frequently provide equipment rentals or sales as part of their services.
Finally, areas with favourable hunting circumstances may draw hunters from all over the world, boosting local economies and the hunting industry. Tourist agencies’ marketing efforts to promote hunting-friendly areas can increase knowledge and interest in the activity, driving up demand for related equipment and accessories.
For instance, hunting a wild lion in Tanzania may cost about €60,000, while a canned hunt costs between €6,000 and €45,000.
According to the business, hunting tourism and sports hunting in general help to conserve species and habitats while also providing a significant source of money for residents. Though hunting tourism, particularly big game hunting, is a profitable industry, ecotourism makes 15 times more revenue.
Hunting Equipment and Accessories Market: Restraints
Limitations on the hunting in several countries
Hunting restrictions in various nations have a substantial impact on the hunting equipment and accessory markets. Regulations that restrict hunting activities have a direct influence on consumer appetite for associated items such as rifles, ammunition, as well as camouflage apparel, and hunting accessories like scopes, binoculars, and decoys.
These constraints not only reduce the total customer base but also restrict the frequency and scope of hunting excursions, lowering the demand for specialised equipment. Furthermore, severe laws may deter potential hunters from investing in pricey equipment, slowing market growth.
Furthermore, limits on hunting equipment, which include prohibitions on specific rifles or ammunition, can disrupt manufacturers’ product lines and distribution networks, resulting in lower sales and profitability in the hunting equipment business.
Hunting Equipment and Accessories Market: Opportunities
Rise in the advanced hunting equipment
The availability of sophisticated hunting equipment has a huge impact on the hunting equipment and accessories industry by boosting hunters’ hunting experiences and efficiency. Precision optics, high-performance guns, and cutting-edge camouflage gear are examples of advanced technology that hunters may use to improve accuracy, range, and stealth.
Furthermore, advancements such as GPS tracking systems and trail cameras allow hunters to scout and monitor wildlife more efficiently. These developments not only appeal to seasoned hunters looking to enhance their equipment, but they also draw newbies to the sport by making it more accessible and fun.
As demand for high-end equipment rises, manufacturers spend on research and development, accelerating market growth. Overall, the availability of modern hunting equipment fosters market expansion by addressing changing demands.
For instance, The Cyclops Series Thermal Imaging Monocular is a portable thermal vision device featuring a 12µm uncooled infrared detector, customisable lenses, and a 1024×768 OLED display. Through AI image recognition technology, users may receive clear views in a variety of lighting circumstances, including full darkness, delivering dependable and superior visual pictures for night activities.
Thermal imaging equipment is highly appealing to hunters because, unlike night vision monoculars, it can spot animals both during the day and at night by detecting the minute changes in heat emitted by different objects in a scene.
Hunting Equipment and Accessories Market: Segmentation Analysis
Global Hunting Equipment and Accessories market is segmented by product type, distribution channel, end user and region.
Based on product type, the market is classified into guns & rifles, archery, ammunition, auxiliary equipment and others. Ammunition dominated the market in 2023 with a market share of 40% and is expected to keep its dominance during the forecast period 2024-2033.
Ammunition is a critical component of hunting equipment, with a direct impact on the hunting equipment and accessories industry. The need for ammunition is inextricably linked to hunting activities since hunters require a consistent and adequate supply of ammo to operate their rifles.
Hunting continues to be a popular leisure activity across the world, therefore demand for ammunition remains high, boosting the market for hunting equipment and accessories. Furthermore, advances in ammunition technology, such as enhanced accuracy, range, and terminal performance, encourage hunters to purchase suitable rifles and accessories to enhance their hunting experience.
Finally, the need for ammunition serves as a driver for the expansion of the shooting equipment and accessories business, influencing consumer choices and industry trends.
Based on the distribution channel, the market is classified into hunting equipment & accessories specialty stores and online. The hunting equipment and accessory specialty retailers segment dominated the market in 2023 with a market share of 75% and is expected to keep its dominance during the forecast period 2024-2033.
Hunting equipment and accessory specialty retailers are important drivers of the hunting sector for a variety of reasons. These businesses provide a variety of specialised items designed specifically for hunters, including rifles, ammo, optics, apparel, and gear. They respond to hunters’ different interests and needs by offering a wide range under one roof, hence increasing convenience and consumer satisfaction.
Furthermore, these specialist retailers frequently hire skilled employees who can provide personalised advice, recommendations, and expertise on hunting equipment and strategies. This personalised service builds consumer trust and loyalty, as they rely on the stores for accurate information and aid in making smart purchase decisions.
Based on end user, the market is classified into individual and commercial. The commercial segment dominated the market in 2023 with a market share of 64% and is expected to keep its dominance during the forecast period 2024-2033. Commercial users, which include hunting outfitters, guides, and skilled hunters, are key drivers of the hunting accessory and equipment business.
These firms frequently demand high-quality, long-lasting equipment to run their operations and give excellent services to customers. Their desire for specialised equipment, including weapons, optics, camouflage gear, and accessories like game calls and decoys, promotes innovation and encourages producers to create innovative goods that are customised to the unique demands of commercial users.
Outfitters and guides also routinely upgrade their equipment to stay competitive and satisfy their clients’ changing needs.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 23.9 Billion |
| Projected Market Size in 2033 | USD 43.6 Billion |
| Market Size in 2023 | USD 22.5 Billion |
| CAGR Growth Rate | 7.8% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Distribution Channel, End User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Hunting Equipment and Accessories Market: Regional Insight
By region, Hunting Equipment and Accessories market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. North America dominated the global Hunting Equipment and Accessories market in 2023 with a market share of 45% and is expected to keep its dominance during the forecast period 2024-2033.
North America’s lead in the hunting equipment and accessories industry is attributable to hunting enthusiasts, who are backed by a long history of hunting as a recreational activity and sport. This substantial consumer base fuels demand for a diverse spectrum of hunting goods, which includes weapons, ammunition, apparel, optics, and accessories.
Furthermore, North America’s vast and diversified landscapes provide several hunting chances, ranging from deep woods to enormous plains, resulting in a constant demand for specialised equipment adapted to different hunting conditions and animal species.
Moreover, the region’s strong economy and high discretionary income levels allow hunters to spend on high-quality equipment and accessories, which drives market expansion even further. In addition, the existence of well-known hunting equipment manufacturers and shops, along with successful marketing methods, guarantees that items are accessible and visible.
Hunting Equipment and Accessories Market: Recent Developments
- In October 2022, Vista Outdoor acquired Ganka Inc., a prominent distributor of high-quality outdoor clothes and accessories, as a new licencing partner. Ganka represents a diverse range of prominent brands, and our collaboration aims to give hunters, hikers, and outdoor lovers with necessary clothes and footwear.
- In August 2022, Sturm, Ruger & Company, Inc. debuted the lightweight and compact Ruger® LC Carbine™ cartridge in 5.7x28mm.
- In July 2022, Beretta Holding S.A. accomplished the acquisition of RUAG Ammotec Group. Beretta Holding Group now has 16 firms in 12 countries and 2,700 employees as a result of the transaction.
List of the prominent players in the Hunting Equipment and Accessories Market:
- American Outdoor Brands Corp.
- Beretta Holding SA
- BPS Direct LLC
- Buck Knives Inc.
- Dick’s Sporting Goods Inc.
- SPYPOINT
- Under Armour Inc.
- Spyderco Inc.
- Sturm Ruger and Co. Inc.
- Vista Outdoor Inc.
- Savage Arms
- Browning Arms Company
- Benelli Armi SpA
- Glock Ges.m.b.H.
- Smith & Wesson Brands Inc.
- Winchester Repeating Arms
- Leupold & Stevens Inc.
- Weatherby Inc.
- Battenfeld Technologies,Inc.
- Hawke Optics
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Hunting Equipment and Accessories Market is segmented as follows:
By Product Type
- Gun & Rifles
- Archery
- Ammunition
- Auxiliary Equipment
- Others
By Distribution Channel
- Hunting Equipment & Accessories Specialty Stores
- Online
By End User
- Individual
- Commercial
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Hunting Equipment and Accessories Market, (2024 – 2033) (USD Billion)
- 2.2 Global Hunting Equipment and Accessories Market: snapshot
- Chapter 3. Global Hunting Equipment and Accessories Market – Industry Analysis
- 3.1 Hunting Equipment and Accessories Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising consumer appeal toward outdoor recreational activities
- 3.2.2 Growing Tourism Activities
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Distribution Channel
- 3.7.3 Market Attractiveness Analysis By End User
- Chapter 4. Global Hunting Equipment and Accessories Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Hunting Equipment and Accessories Market: Company Market Share, 2024
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Hunting Equipment and Accessories Market – Product Type Analysis
- 5.1 Global Hunting Equipment and Accessories Market Overview: By Product Type
- 5.1.1 Global Hunting Equipment and Accessories Market Share, By Product Type, 2024 and – 2033
- 5.2 Gun & Rifles
- 5.2.1 Global Hunting Equipment and Accessories Market by Gun & Rifles, 2024 – 2033 (USD Billion)
- 5.3 Archery
- 5.3.1 Global Hunting Equipment and Accessories Market by Archery, 2024 – 2033 (USD Billion)
- 5.4 Ammunition
- 5.4.1 Global Hunting Equipment and Accessories Market by Ammunition, 2024 – 2033 (USD Billion)
- 5.5 Auxiliary Equipment
- 5.5.1 Global Hunting Equipment and Accessories Market by Auxiliary Equipment, 2024 – 2033 (USD Billion)
- 5.6 Others
- 5.6.1 Global Hunting Equipment and Accessories Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Hunting Equipment and Accessories Market Overview: By Product Type
- Chapter 6. Global Hunting Equipment and Accessories Market – Distribution Channel Analysis
- 6.1 Global Hunting Equipment and Accessories Market Overview: By Distribution Channel
- 6.1.1 Global Hunting Equipment and Accessories Market Share, By Distribution Channel, 2024 and – 2033
- 6.2 Hunting Equipment & Accessories Specialty Stores
- 6.2.1 Global Hunting Equipment and Accessories Market by Hunting Equipment & Accessories Specialty Stores, 2024 – 2033 (USD Billion)
- 6.3 Online
- 6.3.1 Global Hunting Equipment and Accessories Market by Online, 2024 – 2033 (USD Billion)
- 6.1 Global Hunting Equipment and Accessories Market Overview: By Distribution Channel
- Chapter 7. Global Hunting Equipment and Accessories Market – End User Analysis
- 7.1 Global Hunting Equipment and Accessories Market Overview: By End User
- 7.1.1 Global Hunting Equipment and Accessories Market Share, By End User, 2024 and – 2033
- 7.2 Individual
- 7.2.1 Global Hunting Equipment and Accessories Market by Individual, 2024 – 2033 (USD Billion)
- 7.3 Commercial
- 7.3.1 Global Hunting Equipment and Accessories Market by Commercial, 2024 – 2033 (USD Billion)
- 7.1 Global Hunting Equipment and Accessories Market Overview: By End User
- Chapter 8. Hunting Equipment and Accessories Market – Regional Analysis
- 8.1 Global Hunting Equipment and Accessories Market Regional Overview
- 8.2 Global Hunting Equipment and Accessories Market Share, by Region, 2024 & – 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Hunting Equipment and Accessories Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Hunting Equipment and Accessories Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Hunting Equipment and Accessories Market, 2024 – 2033 (USD Billion)
- 8.4 North America Hunting Equipment and Accessories Market, by Product Type, 2024 – 2033
- 8.4.1 North America Hunting Equipment and Accessories Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.5 North America Hunting Equipment and Accessories Market, by Distribution Channel, 2024 – 2033
- 8.5.1 North America Hunting Equipment and Accessories Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.6 North America Hunting Equipment and Accessories Market, by End User, 2024 – 2033
- 8.6.1 North America Hunting Equipment and Accessories Market, by End User, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Hunting Equipment and Accessories Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Hunting Equipment and Accessories Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Hunting Equipment and Accessories Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Hunting Equipment and Accessories Market, by Product Type, 2024 – 2033
- 8.8.1 Europe Hunting Equipment and Accessories Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Hunting Equipment and Accessories Market, by Distribution Channel, 2024 – 2033
- 8.9.1 Europe Hunting Equipment and Accessories Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.10 Europe Hunting Equipment and Accessories Market, by End User, 2024 – 2033
- 8.10.1 Europe Hunting Equipment and Accessories Market, by End User, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Hunting Equipment and Accessories Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Hunting Equipment and Accessories Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Hunting Equipment and Accessories Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Hunting Equipment and Accessories Market, by Product Type, 2024 – 2033
- 8.12.1 Asia Pacific Hunting Equipment and Accessories Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Hunting Equipment and Accessories Market, by Distribution Channel, 2024 – 2033
- 8.13.1 Asia Pacific Hunting Equipment and Accessories Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Hunting Equipment and Accessories Market, by End User, 2024 – 2033
- 8.14.1 Asia Pacific Hunting Equipment and Accessories Market, by End User, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Hunting Equipment and Accessories Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Hunting Equipment and Accessories Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Hunting Equipment and Accessories Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Hunting Equipment and Accessories Market, by Product Type, 2024 – 2033
- 8.16.1 Latin America Hunting Equipment and Accessories Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Hunting Equipment and Accessories Market, by Distribution Channel, 2024 – 2033
- 8.17.1 Latin America Hunting Equipment and Accessories Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.18 Latin America Hunting Equipment and Accessories Market, by End User, 2024 – 2033
- 8.18.1 Latin America Hunting Equipment and Accessories Market, by End User, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Hunting Equipment and Accessories Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Hunting Equipment and Accessories Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Hunting Equipment and Accessories Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Hunting Equipment and Accessories Market, by Product Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Hunting Equipment and Accessories Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Hunting Equipment and Accessories Market, by Distribution Channel, 2024 – 2033
- 8.21.1 The Middle-East and Africa Hunting Equipment and Accessories Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Hunting Equipment and Accessories Market, by End User, 2024 – 2033
- 8.22.1 The Middle-East and Africa Hunting Equipment and Accessories Market, by End User, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 American Outdoor Brands Corp.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Beretta Holding SA
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 BPS Direct LLC
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Buck Knives Inc.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Dick’s Sporting Goods Inc.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 SPYPOINT
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Under Armour Inc.
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Spyderco Inc.
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Sturm Ruger and Co. Inc.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Vista Outdoor Inc.
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Savage Arms
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Browning Arms Company
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Benelli Armi SpA
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Glock Ges.m.b.H.
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Smith & Wesson Brands Inc.
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Winchester Repeating Arms
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Leupold & Stevens Inc.
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Weatherby Inc.
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Battenfeld Technologies Inc.
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 Hawke Optics
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Others.
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.1 American Outdoor Brands Corp.
List Of Figures
Figures No 1 to 25
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- American Outdoor Brands Corp.
- Beretta Holding SA
- BPS Direct LLC
- Buck Knives Inc.
- Dick’s Sporting Goods Inc.
- SPYPOINT
- Under Armour Inc.
- Spyderco Inc.
- Sturm Ruger and Co. Inc.
- Vista Outdoor Inc.
- Savage Arms
- Browning Arms Company
- Benelli Armi SpA
- Glock Ges.m.b.H.
- Smith & Wesson Brands Inc.
- Winchester Repeating Arms
- Leupold & Stevens Inc.
- Weatherby Inc.
- Battenfeld Technologies,Inc.
- Hawke Optics
- Others
FAQs
The restraints of the Hunting Equipment and Accessories market is limitations on the hunting in several countries.
The major driver for the Hunting Equipment and Accessories market is rising consumer appeal toward outdoor recreational activities and growing tourism activities.
The “Gun & Rifles” category dominated the market in 2023.
The key players in the market are American Outdoor Brands Corp., Beretta Holding SA, BPS Direct LLC, Buck Knives Inc., Dick’s Sporting Goods Inc., SPYPOINT, Under Armour Inc., Spyderco Inc., Sturm Ruger and Co. Inc., Vista Outdoor Inc., Savage Arms, Browning Arms Company, Benelli Armi SpA, Glock Ges.m.b.H., Smith & Wesson Brands Inc., Winchester Repeating Arms, Leupold & Stevens Inc., Weatherby Inc., Battenfeld Technologies,Inc., Hawke Optics, Others.
“North America” had the largest share in the Hunting Equipment and Accessories Market.
The global market is projected to grow at a CAGR of 7.8% during the forecast period, 2024-2033.
The Hunting Equipment and Accessories Market size was valued at USD 23.9 Billion in 2024.