Market Forecast By Product Type (Rifle, Pistol), By Ammunition Type (Airgun Pellets, Airgun Bbs, Big Bore Pellets, Hunting Pellets, Cleaning Pellets, Others), By Accessories (Scopes, Sights, Mounts, Binoculars, Compressors, Others) And Competitive Landscape
Product Code: ETC433288 | Publication Date: Nov 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Bangladesh Air Gun Market is projected to grow in the coming years. The market for air gun is growing rapidly due to the rising disposable incomes, availability of affordable air guns and increasing participation in sports among both existing and new consumers. Moreover, the growing popularity of air guns in the country can be attributed to several factors, such as the rising awareness among people about the benefits of using air guns for target practice and hunting, the availability of a wide range of products, the growing number of air gun clubs and competitions.
However, the high cost of air guns and the stringent regulations governing their use are some of the major factors restraining the Bangladesh Air Gun Market Growth.
According to 6Wresearch, Bangladesh Air Gun Market is expected to grow during 2022-2028. Bangladesh Air Gun Industry has seen a significant growth in recent years mainly due to the growing popularity of air guns among sports shooters and hunters. Additionally, the availability of affordable air guns has also made them popular among recreational shooters, the growing demand for air guns from the military and law enforcement agencies is also expected to fuel the market growth.
The Bangladesh Air Gun market is driven by several factors including the availability of air guns in the country, and the low cost of air guns. However, there are several restraints on the Bangladesh Air Gun Industry including lack of regulation around air guns, the high cost of ammunition, and the limited availability of qualified instructors.
During the pandemic, the use of non-essentials such as Bangladesh Air Gun Market has been negatively impacted due to the declined demand for guns. Everyone was focusing on fulfilling their basic needs to survive the pandemic as some people lose their jobs and various businesses were affected by the virus. Therefore, many industries suffered during the COVID-19 era.
There are several key players in the Bangladesh Air Gun Market including manufacturers, distributors, and retailers. The companies hold a significant Bangladesh Air Gun Market Share due to their strong brand presence and extensive product portfolios. Also, they have a wide network of dealers and retailers across the country that offer a wide range of products from different brands. The leading companies have a long history in the country and are well-established in terms of both their product offerings and their customer base with a strong distribution networks and wide reach, which gives them a significant advantage over smaller or more niche players.
Based on Product Type, market is segmented into Rifle and Pistol. Among these pistols are growing along with the largest market share during the forecast period owing to its compact size.
Based on Ammunition Type, market is classified into Airgun Pellets, Airgun Bbs, Big Bore Pellets, Hunting Pellets, Cleaning Pellets, and Others. All these sub segments of Bangladesh Air Gun Market which is a part of Asia Pacific Air Gun Market are growing during the forecast period.
Based on Accessories, market is bifurcated into Scopes, Sights, Mounts, Binoculars, Compressors, and Others.
The report offers a comprehensive study of the subsequent market segments: