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: ETC433282 | Publication Date: Dec 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Malaysia Air Gun Market is likely to grow at a tremendous rate in the near future. There is a rising popularity of air guns in the country for recreational purposes. Air guns in the nation are also used for hunting and pest control.
According to 6Wresearch, the Malaysia Air Gun Market size is projected to evolve during 2022-2028. The Air Gun Market in Malaysia is gradually becoming an essential sector of the country and there are several different factors contributing to the growth of the industry in the country. The major factor driving the sector growth is the rising popularity of air guns in the country for recreational purposes. These air guns are also used for hunting as well as pest control. There are two kinds of air guns available in the market which include BB guns as well as pellet guns. BB gun uses spherical steel pellets, whereas pellet gun uses cylindrical pellets. In the country, air riffles guns are very popular and they are used for target practices as well as small hunting games.
In the country, air pistols are also obtaining popularity owing to their easy and size of handling. Increasing tourism sector in the country is amongst the major factors driving the sector. People from around the world visit Malaysia in order to experience its natural beauty and diverse culture. Numerous tourists participate in in activities like shooting sports which is boosting the development of this sector. The government of the nation is promoting tourism via many initiatives which has been propelling the sector evolvement in the country. Other essential factors driving the sector include growing number of shooting ranges in nation and increasing airsoft games popularity. The high cost of these air guns is the major constraint for the industry which is restraining the sector evolvement. The Malaysia Air Gun Market is one of the major parts of Asia Pacific Air Gun Market and it is estimated to overcome these restrains over the forecast period.
The pandemic affected the growth of various sectors badly and Malaysia Air Gun Market was one of those markets. Before the pandemic, the Malaysia Air Gun Market share was boosting and reaching the new growth. Owing to the pandemic, the growth of the sector restricted which became the reason of its downfall. This sector is one of the essential sectors in the country, still it came across the challenges during the tough time. The impacts of pandemic were severe even on the most popular sectors in the nation which restricted the growth of various sectors. There were countless restrictions on manufacturing and supply chain which led to the market to the paths of failure and it happened owing to the lockdown situations.
On the basis of product type, the Malaysia Air Gun Industry is divided into Rifle, and Pistol. In this industry, the riffle air gun segment is getting more popularity. This segment will continue evolving in the nation.
On the basis of ammunition type, the Air Gun Market in Malaysia is divided into Airgun Pellets, Airgun Bbs, Big Bore Pellets, Hunting Pellets, Cleaning Pellets, and Others. In the sector, all these segments are growing immensely and they will continue evolving.
On the basis of accessories, the sector in the country is classified into Scopes, Sights, Mounts, Binoculars, Compressors, and Others. All these accessoriesโ segments are accounting for the great share.
The report offers a comprehensive study of the subsequent market segments: