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The hunting equipment & accessories market was estimated at around 19.1 billion in 2021, growing at a CAGR of nearly 7% during 2022-2030. The market is projected to reach approximately USD 38 billion by 2030.
The causes that propel the industry's growth include an increase in hunting interest, rising hunting licence sales revenue for wildlife conservation and forest management, and explosive growth of the safari tourist sector. These devices are very simple to wear, carry, and set up. The growth of the industry will also be aided by these advantages. Numerous opportunities would increase throughout the forecast period, resulting in an expansion of the market, including new ammunition designs and the growing need for environmental conservation.
However, it is anticipated that the expensive cost of accessories and regional prohibitions on the hunting of any animal will impede expansion. A significant socioeconomic activity, particularly in rural areas, is hunting. By creating thousands of jobs directly related to the manufacture and sale of goods and services that are expected to suit their needs, hunters support themselves financially. In 2016, 101.6 million Americans (or 40% of the country's population aged 16 and over) engaged in activities related to wildlife, such as hunting, fishing, and wildlife watching, according to a report by the U.S. Fish and Wildlife Service in 2017. The COVID-19 pandemic has been beneficial to the sector. Several industry-operating companies noticed an increase in internet distribution channels.
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COVID – 19 Impact Analysis
Following the COVID-19 virus outbreak in December 2019, the World Health Organization (WHO) declared the coronavirus illness 2019 (COVID-19) to be a pandemic. Since then, the epidemic has expanded to almost every country in the world. According to our research, outperformers look for growth across all dimensions, including regional expansion, value chain growth at all levels, and growth in neighboring markets.
The COVID-19 epidemic has improved this sector of the economy. During the COVID-19 pandemic, major firms like Dick's Sporting Goods, Inc., Vista Outdoor, and American Outdoor Brands Corp. witnessed a spike in online sales. However, because of supply chain interruptions and government-imposed travel restrictions, there is a modest decline in offline sales in 2020. The lifting of lockdown restrictions by numerous countries around the world and an increase in female hunters are the main drivers that are going to produce a number of growth prospects for the sector during the projected period.
Increasing Gifting and Consumers Interest
Hunting gear and accessories are becoming more popular with consumers, which encourages producers to create new goods. To meet consumer demand, businesses are releasing cutting-edge hunting gear and accessories. Smart hunting gear and accessories are being introduced by a number of significant businesses. Through its subsidiary Thompson Center Arms, American Outdoor Brands Inc. provides a wide selection of hunting tools and accessories, including the performance centre TC LRR, TC compass II, and TC venture II. Additionally, Beretta Holding SA provides a wide selection of hunting tools and accessories, including, among others, the 686 silver pigeons I, ultralight classic, and ultralight gold. Key firms are also concentrating on developing client relationships through a network of customer service providers.
However, the supply chain was significantly hindered as a result of the suspension of logistics and transportation services. For a few months in 2020, sales of hunting equipment and accessories suffered due to a decline in offline sales and the cessation of product production. Items that are typically utilised for hunting activities are called hunting equipment and accessories. To meet the needs of the hunters, they are constructed in various ways. Based on their needs and the nature of the animals, consumers choose these products. Due to their most current advancements to enhance the hunting process, ammo, binoculars, camping gear, bows, arrows, and many other goods are in high demand.
Over the projection period, the ammunition segment is anticipated to develop at the quickest CAGR of more than 8.00%. Over the projection period, more people are anticipated to utilise firearms for hunting in the commercial sector, driving up demand for ammunition. The production of specialised ammunition for hunting is the main focus of the major ammunition manufacturers. For instance, the Hornady manufacturing company introduced its new hunter line of ammunition in October 2018. This ammunition delivers great accuracy and operating efficiency for a variety of hunting purposes. The National Survey of Fishing, Hunting, and Wildlife-Associated Recreation finds that many hunters favour ammunition for their hunting endeavours and have increased their spending on related hunting equipment & accessories.
The global industry has been further divided into commercial and individual end consumers based on end users. In terms of revenue share, the commercial end-user segment led the global market in 2021. The market is anticipated to continue growing at a CAGR of more than 7.5%, maintaining its top spot during the forecast period. Commercial hunters that guide paying guests from abroad on their hunting expedition are qualified and licenced to do so. A professional hunter must always accompany a foreign hunter in the majority of African nations. Commercial hunters frequently buy hunting supplies & gear.
Report Scope
| Attribute | Description |
|---|---|
| Base Year | 2021 |
| Forecast period | 2022-2030 |
| Report Coverage | Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends |
| Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
| Market Size(unit) | USD Billion |
| CAGR (2022 to 2030) | 7% |
| Segments Covered |
By Type |
Regional Landscape
Over the forecast period, Europe is anticipated to experience the fastest CAGR of 15.8%. The global industry has been further divided into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America based on geographic regions. Over the forecast period, Europe is expected to develop at the quickest CAGR of 8.3%. In all of Europe, France has the greatest number of hunters. A sizable number of hunters are also found in Spain, the United Kingdom, and Italy. Nowadays, hunting in Europe is significantly still influenced by women. In the past, women often contributed to the pursuits that came after the hunt. Various nations in Europe host hunting and fishing trade exhibitions.
The global hunting equipment & accessories market is segmented as follows:
By Type
By Application
By Region/Geography
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Application
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing demand from consumers side
5.3. Restraints
5.3.1. Presence of alternatives may hamper the market growth
5.4. Opportunities
5.4.1. Growth in the market
6. Global Hunting Equipment & Accessories Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Gun & Rifles
6.3. Archery
6.4. Ammunition
6.5. Auxiliary Equipment
6.6. Other
7. Global Hunting Equipment & Accessories Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Individual
7.3. Commercial
8. Global Hunting Equipment & Accessories Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.4.4. Australia
8.4.5. South Korea
8.4.6. Rest of Asia-Pacific
8.5. South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
8.6.3. Egypt
8.6.4. Kuwait
8.6.5. Saudi Arabia
8.6.6. Rest of Middle East & Africa
9. Global Hunting Equipment & Accessories Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Hunting Equipment & Accessories market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Type Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Sarah & Sebastian Pty Ltd
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Application Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. American Outdoor Brands Corp.
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Application Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Beretta Holding SA
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Application Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. BPS Direct LLC
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Application Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Buck Knives, Inc.
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Application Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Dick’s Sporting Goods, Inc.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Application Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. SPYPOINT
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Application Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Under Armour, Inc.
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Application Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Spyderco, Inc.
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Application Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Vista Outdoor Inc.
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Application Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
List of Table
1. Global Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
2. Global Gun & Rifles Hunting Equipment & Accessories Market, By Region, 2022-2030(USD Billion)
3. Global Archery Hunting Equipment & Accessories Market, By Region, 2022-2030(USD Billion)
4. Global Others Hunting Equipment & Accessories Market, By Region, 2022-2030(USD Billion)
5. Global Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
6. Global Individual Hunting Equipment & Accessories Market, By Region, 2022-2030(USD Billion)
7. Global Commercial Hunting Equipment & Accessories Market, By Region, 2022-2030(USD Billion)
8. Global Hunting Equipment & Accessories Market, By Region, 2022-2030(USD Billion)
9. Global Hunting Equipment & Accessories Market, By North America, 2022-2030(USD Billion)
10. North America Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
11. North America Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
12. U.S. Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
13. U.S. Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
14. Canada Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
15. Canada Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
16. Mexico Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
17. Mexico Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
18. Europe Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
19. Europe Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
20. Germany Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
21. Germany Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
22. France Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
23. France Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
24. U.K. Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
25. U.K. Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
26. Italy Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
27. Italy Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
28. Spain Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
29. Spain Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
30. Rest of Europe Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
31. Rest of Europe Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
32. Asia Pacific Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
33. Asia Pacific Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
34. Japan Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
35. Japan Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
36. China Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
37. China Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
38. India Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
39. India Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
40. Australia Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
41. Australia Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
42. South Korea Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
43. South Korea Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
44. Rest of Asia-Pacific Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
45. Rest of Asia-Pacific Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
46. South America Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
47. South America Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
48. Brazil Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
49. Brazil Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
50. Argentina Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
51. Argentina Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
52. Rest of Latin America Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
53. Rest of Latin America Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
54. Middle East and Africa Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
55. Middle East and Africa Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
56. UAE Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
57. UAE Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
58. South Africa Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
59. South Africa Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
60. Egypt Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
61. Egypt Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
62. Kuwait Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
63. Kuwait Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
64. Saudi Arabia Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
65. Saudi Arabia Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
66. Rest of Middle East Hunting Equipment & Accessories Market, By Type, 2022-2030(USD Billion)
67. Rest of Middle East Hunting Equipment & Accessories Market, By Application, 2022-2030(USD Billion)
List of Figures
1. Global Hunting Equipment & Accessories Market Segmentation
2. Hunting Equipment & Accessories Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Hunting Equipment & Accessories Market Attractiveness Analysis By Type
9. Global Hunting Equipment & Accessories Market Attractiveness Analysis By Application
10. Global Hunting Equipment & Accessories Market Attractiveness Analysis By Region
11. Global Hunting Equipment & Accessories Market: Dynamics
12. Global Hunting Equipment & Accessories Market Share By Type(2022 & 2030)
13. Global Hunting Equipment & Accessories Market Share By Application(2022 & 2030)
14. Global Hunting Equipment & Accessories Market Share by Regions (2022 & 2030)
15. Global Hunting Equipment & Accessories Market Share by Company (2021)
By Type
By Application
By Region/Geography
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