Air Gun Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The air gun market size is projected to reach US$ 4.65 billion by 2031 from US$ 2.41 billion in 2023. The market is expected to register a CAGR of 8.5% during 2023–2031. Reduction in prices of air gun in developing countries is expected to drive the market is likely to remain a key trend in the market.

Air Gun Market Analysis

Air gun are used as instruments for hunting and firearms training, as well as toys in funfairs. An air gun is a device that releases a projectile pneumatically with the help of compressed air that is mechanically pressurized without any chemical reactions. Air gun is characterized in two types—rifles and pistols. These product types are also used in shooting events for 10 m air rifle and 10 m air pistol events. The increasing affordability of a high-power air gun has enabled large projectiles and longer target distance for the purpose of the competition. The demand for air rifles and air pistols is expected to rise with the increase in its adoption among individuals in the coming days as number of sporting events including shooting events are increasing. For instance, in Arizona, US, in the Extreme Benchrest competition, air gun with calibers up to 0.35 inches are used for targets placed at a distance of 75 and 100 yards, while the big-bore bench rest arm types of air gun in the same competition are used for targets placed at a distance ranging from 35 to 200 yards.

Air Gun Market Overview

The air gun manufacturers offer air rifle, air pistols, and accessories for hunting and shooting. The demand for air gun is majorly driven by new orders for air gun for various shooting events. In North America, the US is the market leader in the air gun market. In Europe, France, Germany, and the UK are the competitive countries catering to the major import markets such as Spain, the UK, and Ireland. In APAC, China, India, and Singapore are the notable countries with high growth rate in the air gun industry in terms of increasing shooting events and growing usage for pest control. Crosman Corporation, Air force Airguns, Feinwerkbau GmbH, GAMO Outdoor, S.L.U are among the major air gun providers operating globally.

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Air Gun Market Drivers and Opportunities

Increasing Number of Air Gun Manufacturers and Online Distributors Across the Globe

The air gun industry is accelerating a decent pace, and over the past half-decade, the manufacturers are experiencing substantial demand for their products from direct customers as well as online distributors. The air gun is not considered as firearms, and owing to this, the establishing of newer manufacturing plants is easier. The global air gun market is fragmented with significant number of players operating across the globe, and over the years, the number of manufacturers is increasing. The increase in manufacturers is boosting the global air gun market by offering an increased number of products. The US and Europe have maximum congestion in terms of air gun manufacturers; however, the APAC region is also observing growth in the number of manufacturers in the current scenario. Some of the prominent manufacturers of air gun worldwide include Air force Airguns, Velocity Outdoor (Crossman Corporation), Smith & Wesson, and GAMO Outdoor SLU, among others. On the other hand, online distributors are also facilitating the air gun market to escalate over the years. The online distributors facilitate several customers to obtain their air rifles or air pistols where the manufacturer base is less. In addition, online distributors also offer their listed products at a discounted price, which attracts the customers, thereby catalyzing the market size. Few of the leading online distributors of air gun include Airguns Europe, Pyramyd Air, and Airgun Depot, among others. The online distributorship trend is also intensifying in the developing countries which are helping the customers in these countries to purchase their guns, thereby, bolstering the growth of the air gun market.

Escalating Demand of Air Rifles in Asia Pacific and Middle East & Africa Regions

The demand for air rifles is growing at a faster pace in APAC due to the increasing number of sports events as well as the mounting interest of citizens in animal hunting. APAC is a paradise for the mountain predator for hunting a huge variety of wild goats and sheep. The region also offers immense scope for hunters to hunt stags, gazelles, bears, roe deer, etc. In Australia, China, Japan, and Southeast Asian countries, among others, hunting is legal. For instance, in Australia, the hunting is regulated independently by each territory and state government, which govern through different laws, license requirement, and fee and fine structures. In Japan, the hunter should be 18 years and more for getting a license for using air gun and projectiles (rifles and shotguns). Moreover, there are several upcoming sports event in pipeline in 2024 and 2025, which has shooting as one the sports in the region which is further likely to generate new opportunities for market vendors the respective regions. The growing demand for air rifles across these countries with the increasing interest in hunting games as well as for sports events is boosting the air gun market across APAC countries except India.

Air Gun Market Report Segmentation Analysis

Key segments that contributed to the derivation of the air gun market analysis are product type, ammunition, and accessories.

• Based on product type, the air gun market is segmented into rifle and pistol. The pistol segment held a larger market share in 2023.
• Based on ammunition, the air gun market is segmented into airgun pellets, airgun BBs, big bore pellets, hunting pellets, cleaning pellets, and others. The airgun pellets segment held a larger market share in 2023.
• Based on accessories, the air gun market is segmented into scopes, sights, mounts, binoculars, compressors, and others. The sights segment held a larger market share in 2023.

Air Gun Market Share Analysis by Geography

The geographic scope of the air gun market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America has dominated the market in 2023 followed by Europe and Asia Pacific regions. Further, Asia Pacific is likely to witness highest CAGR in the coming years. North America consists highly developed economies such as the US and Canada. As the awareness regarding various gun shooting sports is high among the citizens of North America, large number of people are participating in various airgun shooting sports, including bullseye shooting, field shooting, rapid fire, practical shooting, clay target, benchrest, muzzleloading, plinking, and others. The US accounted for the largest market share in North America air gun market in 2023. The laws concerning airguns in Canada states that it is legal to purchase air gun in the country after the age of 18 years. Also, if the velocity of the airgun’s projectile travels at the muzzle velocity of more than 500 feet per second or if it carries muzzle energy up to 5.7 joules, it is considered as a fire arm and is supposed to be registered under law. Additionally, the guns with muzzle velocity below 366 feet per second and designed same as the real firearm, they are prohibited in the country.

Air Gun Market Regional Insights

The regional trends and factors influencing the Air Gun Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Air Gun Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Air Gun Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Air Gun Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Air Gun Market are:

1. Airforce Airguns
2. Carl Walther GmbH
3. Daisy Outdoor Products Inc.
4. Feinwerkbau GmbH
5. GAMO OUTDOOR, S.L.U

Disclaimer: The companies listed above are not ranked in any particular order.

Air Gun Market News and Recent Developments

The air gun market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the air gun market are listed below:

• Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, is announcing the simultaneous entry into a definitive agreement (the “Agreement”) and completion of its sale of Crosman Corporation (“Crosman”), the air gun division of its Velocity Outdoor, Inc. subsidiary, to Daisy Manufacturing Company (“Daisy”). (Source: Compass Diversified, Press Release, Apr 2024)
• Air Venturi, the leading manufacturer and importer of airgun, airsoft, and ammunition brands, has just announced the Dragonfly Mk2 as an exciting addition to their lineup of sporting air rifles. (Source: Air Venturi, Press Release, Jan 2022)

Air Gun Market Report Coverage and Deliverables

The “Air Gun Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Air gun market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Air gun market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed porter’s five forces analysis
• Air gun market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the air gun market
• Detailed company profiles