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: ETC433295 | Publication Date: Nov 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Saudi Arabia air gun market is expected to grow during the forecast period. The market is primarily driven by the increasing demand for air guns from the law enforcement and military sector. Moreover, the growing popularity of airsoft sports is also one of the major factors driving the growth of the air gun market in Saudi Arabia.
According to 6Wresearch, the Saudi Arabia Air Gun Market size is expected to grow during 2022-2028. Air guns are firearms that use compressed air or other gases to propel pellets. These guns are used for various purposes such as target shooting, plinking, and small game hunting. Air guns are used for a variety of applications such as hunting, plinking, and target shooting. The growth of the air gun market in Saudi Arabia is primarily driven by the rising popularity of air guns for recreational purposes. In addition, the availability of a wide range of air gun products in the country is also fueling the Saudi Arabia Air Gun Market growth.
The Saudi Arabia air gun market revenue is being driven by the growing popularity of air guns for recreational purposes. Air guns are increasingly being used for plinking and target shooting. Additionally, the availability of air guns in different price range is also fueling the growth of the market. However, the high cost of some high-end models is restraining the growth of the market to some extent. The market is fairly consolidated and there is not much room for new entrants. The high entry barriers are due to the expensive manufacturing equipment needed to produce air guns and the need for a large distribution network.
Most of the air guns available in the market are designed for target practice and plinking. However, there are a few high-powered air guns that can be used for hunting small game animals. Air pistols are widely used for self-defense purposes as they offer a non-lethal option to deter an attacker. Air rifles are also gaining popularity among hunters due to their accuracy and relatively silent operation.
The GCC region is anticipated to witness the highest growth in the Saudi Arabia air gun market owing to the increasing demand for air guns from countries such as Kuwait, Qatar, and Bahrain. The demand for air guns in Saudi Arabia is also growing due to the rising popularity of air gun sports such as 10m Air Rifle Olympic Shooting.
On the basis of product type, the Saudi Arabia air gun market share has been divided into pistols/revolvers, rifles, and shotguns. The rifles segment is expected to hold a significant market share over the forecast period due to the growing popularity of rifle shooting as a recreation activity. In addition, the rising demand for air guns for hunting purposes is also driving the growth of this segment.
The pistols segment holds the largest share of the market due to their versatility and easy handling.
The main growth drivers will be the growing popularity of air guns for target shooting and plinking, as well as the increasing use of air guns for hunting.
In the Saudi Arabia air gun market, scopes and sights are the most popular accessories. These accessories make shooting more accurate and easier. Mounts and binoculars are also popular among shooters in Saudi Arabia. Compressors are also used to reduce recoil.
Scope- The scopes are the most important accessory for air guns as they help shooters aim accurately and hit their targets. There are various types of scopes available in the market, such as variable-power scopes, 3D scopes, and even night vision scopes. Some of the popular brands in this category include Bushnell, Leupold, Nikon, Sig Sauer, and Vortex.
Sight- A sight is an attachment that helps shooters line up their target and take an accurate shot. There are a variety of sights available in the market, including red dot sights and variable aperture sights.
The COVID-19 pandemic has had a significant impact on the Global air gun market. The incidents of COVID-19 have caused a decline in demand for air guns and hunting pellets, as well as an increase in prices. This has resulted in a decrease in the production of air guns and hunting pellets, which has impacted the availability of these products.
Furthermore, the postponement of some hunting events due to COVID-19 has also decreased revenue generated by the industry. Furthermore, there are concerns that companies that produce air guns and hunting pellets might go out of business if demand decreases significantly. This could lead to job losses among those who work in this industry.
The industry is characterized by low barriers to entry, as there are no significant regulatory hurdles or economies of scale required to produce air guns. This has resulted in a large number of small firms operating in the market. However, due to the lack of differentiation among products and intense price competition, most of these firms are struggling to survive.
There is also a growing trend towards online sales of air guns in Saudi Arabia, as customers increasingly turn to the internet for their shopping needs. This presents a challenge for traditional brick-and-mortar retailers who are not able to compete on price or convenience.
The report offers a comprehensive study of the subsequent market segments: