Sports And Luxury Shotgun Market

Competition sport shotguns are precision firearms with over-and-under designs popular for trap, skeet, and sporting clay events. The over-and-under layout offers easier target tracking and reduced recoil, both valuable in maintaining accuracy. 12-gauge shotguns are the preferred gauge for competitions, offering a balance of power, recoil control, and versatility across different events. Although 20-gauge, 28-gauge, and. 410-gauge shotguns are occasionally used for lighter recoil, especially in youth or women’s events, the 12-gauge remains the standard in most competitive environments. The combination of 12-gauge and over-and-under design makes these shotguns the standard in competitive shooting circles.

Luxury shotguns are high-end firearms crafted with precision and artistic detail for competitive and recreational shooting. Over-and-under models are preferred for their vertical barrel design, which improves target tracking and reduces recoil. The 12-gauge is commonly used for its power and versatility, while the 20-gauge and 28-gauge versions are popular for their lighter recoil, particularly in upland hunting.

Market Insights:

• The global sports and luxury shotgun market will be around USD 162.5 million in 2023. It is expected to grow at an average CAGR of 4.3% through 2029.
• Strong demand and high growth potential in the competitive market make it the most lucrative opportunity in the coming years.
• The Luxury Shotgun market for competition is fueled by increasing participation in shooting sports across countries, such as Skate, Trap, etc.
• The top 6-7 players contribute the largest competition and hunting applications market share.
• Beretta, Perazzi, Kristoff, Caesar Guerini, and Blaser to hold prominent positions in competition and hunting sports & luxury shotgun market

Competitive Insights:

• Companies have strong distribution networks worldwide, leading to a presence in the competition and hunting shotgun markets.
• Companies’ strong presence in retail stores, private shooting clubs, tradeshows, and events, fueling their growth in the competitive sports shotgun market.
• Companies focus primarily on custom-made shotguns to cater to different shooting styles, leading to an increased customer base.
• Companies focus on strong export potential, which offers them wide opportunities to serve customers across different geographies in the luxury and sports shotgun market.
• Companies have growth opportunities by targeting regions with growing interest in shooting sports and increasing disposable incomes, such as Asia-Pacific and Latin America.

Top Market Leaders

• Beretta
• Perazzi
• Krieghoff
• Caesar Guerini
• Blaser GmbH

Other Dominant Players

• FAMARS USA
• Zoli
• Connecticut Shotgun Manufacturing Company
• AYA
• Holland & Holland
• Fausti
• Rizzini USA
• James Purdey & Sons

Regional Insights:

North America is estimated to dominate the sports & luxury shotgun market, with the largest market share valued in 2023. The US, India, China, Brazil, Spain, and Australia are the most prominent markets with greater demand potential through 2029. Italy, the UK, South Africa, France, Japan, and Germany share the most prominent markets with greater demand potential through 2029.

North America

• Growing participation in sporting clays, trap, and skeet shooting.
• The hunting population in the US is on the rise, with more people using firearms for hunting.

Asia Pacific

• Increasing participation in Olympic and ISSF shotgun events.
• Growing interest among wealthy individuals, particularly in China and India.

Europe

• Government support for competitive shooting increases demand.
• European artisans specializing in handmade shotguns attract collectors.

Latin America, And Africa

• South Africa is a key market for safari and game bird hunting.
• High demand for premium shotguns among affluent game ranch owners.

Market Dynamics:

• Private shooting clubs and international shotgun competitions fuel market growth across regions.
• Countries with deep-rooted hunting cultures consistently demand luxury shotguns in sport and game hunting.
• Stringent gun laws in different regions often make it easier to own high-end, registered shotguns rather than mass-market firearms.
• Sport shooters have gained international recognition, increasing demand for competition-grade shotguns for professional training and tournaments.
• Rising participation in organized competitive shooting events like Olympic shooting teams drives interest in professional-grade shotguns, and shooting clubs are fostering a growing market for competition-grade shotguns.