Dublin, Aug. 14, 2023 (GLOBE NEWSWIRE) -- The "Airsoft Guns Market Size, Share & Trend Analysis Report By Product (Handgun, Rifle, Shotgun, Muzzle Loading), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global airsoft guns market is expected to witness substantial growth, projected to reach a size of USD 3.52 billion by 2030 with an impressive CAGR of 7.8% from 2023 to 2030
The increasing popularity of airsoft sports events is driving associations worldwide to organize airsoft leagues, attracting enthusiastic participants from over 105 countries. Organizations like the International Practical Shooting Confederation (IPSC) are conducting international competitions, fostering awareness and interest in airsoft shooting.
Additionally, the market is experiencing growth as adventurous high net-worth individuals invest in airsoft guns. However, concerns about the misuse of these gadgets are restraining market growth. The COVID-19 pandemic also had a negative impact on the market, with major events being postponed or cancelled, leading to a decline in sales.
The handguns segment dominated the market with a market share of over 40.0% in 2021.
This is owing to a rise in the demand among customers for them. These lightweight, user-friendly toys are easy-to-use and need no user manual, as such, they are a widely held option by children and adults. Therefore, it is mostly used all over the world and generated large revenue in 2021.
North America acquired the largest revenue share in the airsoft guns market in 2021.
This is due to rising consumer inclination for adventure activities and increases in disposable income in the region.
By considering the market demand, several companies are offering fields and airsoft guns for rent, where everyone can enjoy the adventure activity. For instance, U.S.-based company, AirsoftC3, LLC is one of the main hosts of indoor as well as outdoor airsoft games that offers field, bb guns, airsoft guns, and protective gear for rent. Thus, North America generated the largest revenue in 2021.
A growing number of rifle companies in advanced countries, such as the U.S., the UK, Germany, France, and Italy have played a significant role in boosting the use of airsoft guns. Companies are running multiple airsoft gun activities and events to bring people into the team.
Airsoft Guns Market Report Highlights
- The Middle East and Africa are expected to dominate the market over the forecast period from 2023 to 2030. Varying consumer behaviors toward adventure sports activity, along with rising disposable income, particularly among the youth working population, in countries such as Saudi Arabia and UAE, is likely to increase the market growth in the region
- The rifle segment is projected to grow with the fastest CAGR of 8.4% in the forecast period. This is owing to the majority of game experts advising players to use these rifles as they help in providing improved overall shooting accuracy
- The online segment is projected to register the fastest CAGR of 8.2% in the forecast period. A growing number of social media drives about the thrill of these sports events will surge the demand for airsoft guns over the online channel over the next few years
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 80 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1929.3 million |
| Forecasted Market Value (USD) by 2030 | $3522.2 million |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
Competitive Analysis
- Recent developments & impact analysis, by key market participants
- Company Categorization
- Participant's Overview
- Financial Performance
- Product Benchmarking
- Company Market Share Analysis, 2022 (%)
- Company Heat Map Analysis
- Strategy Mapping
Company Profiles
- VALKEN SPORTS
- Colt's Manufacturing Company, LLC
- ICS Airsoft, Inc.
- Crosman Corporation
- Lancer Tactical Inc.
- Kriss USA
- G&G ARMAMENT TAIWAN LTD.
- Ballistic Breakthru Gunnery Corporation
- A&K Airsoft
- Tokyo Marui
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Distribution Channel Outlook
2.4. Regional Outlook
2.5. Competition Outlook
Chapter 3. Airsoft Guns Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Outlook
3.2.2. Manufacturing and Technology Outlook
3.2.3. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis - Porter's Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographics Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Key Observations & Findings
Chapter 5. Airsoft Guns Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2022 & 2030
5.2. Handgun
5.3. Rifle
5.4. Shotgun
5.5. Muzzle Loading
Chapter 6. Airsoft Guns Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
6.2. Online
6.3. Offline
Chapter 7. Airsoft Guns Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2022 & 2030
For more information about this report visit https://www.researchandmarkets.com/r/bsiycr
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