Sniper Rifle Market Size, Share, Industry Trends and Forecast to 2033
This report analyzes the sniper rifle market, providing insights on market trends, size, CAGR, regional analysis, and forecasts up to the year 2033, along with an examination of major industry players and segments.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $2.10 Billion |
| CAGR (2023-2033) | 4.8% |
| 2033 Market Size | $3.39 Billion |
| Top Companies | Remington Arms, accuracy international, Barrett Firearms, FN Herstal |
| Last Modified Date | 15 Nov 2024 |
Sniper Rifle Market Report (2023 - 2033)
Sniper Rifle Market Overview
What is the Market Size & CAGR of Sniper Rifle market in 2023?
Sniper Rifle Industry Analysis
Sniper Rifle Market Segmentation and Scope
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Sniper Rifle Market Analysis Report by Region
Europe Sniper Rifle Market Report:
Europe's sniper rifle market is anticipated to grow from $0.60 billion in 2023 to $0.97 billion by 2033, with strong demand from NATO forces and law enforcement agencies. Countries like Germany and the UK lead the market due to extensive military and civilian usage, focusing on technology advancements.Asia Pacific Sniper Rifle Market Report:
The Asia Pacific region is projected to grow from $0.40 billion in 2023 to $0.64 billion by 2033, driven by increasing defense budgets and military modernization efforts in countries like India and China. The rise in civilian sporting activities also supports market expansion, creating a dual demand for sniper rifles.North America Sniper Rifle Market Report:
The North American market, valued at $0.70 billion in 2023, is projected to reach $1.13 billion by 2033. The U.S. remains the largest consumer of sniper rifles, driven by military contracts and civilian competitions like long-range shooting tournaments. Regulatory frameworks remain relatively supportive compared to other regions.South America Sniper Rifle Market Report:
In South America, the market is expected to grow from $0.19 billion in 2023 to $0.31 billion by 2033. Factors contributing to this growth include improved law enforcement capabilities and interest in hunting and shooting sports, alongside growth in local production capabilities.Middle East & Africa Sniper Rifle Market Report:
This region is expected to see market growth from $0.21 billion in 2023 to $0.33 billion by 2033 as countries seek to bolster their military capabilities amidst regional conflicts. Increasing military collaborations and local manufacturing are also notable trends.Request a custom research report for industry.
Sniper Rifle Market Analysis By Type
Global Sniper Rifle Market, By Type Market Analysis (2023 - 2033)
In 2023, bolt action rifles dominate the market, valued at $1.30 billion, growing to $2.10 billion by 2033, capturing a market share of 61.85%. Semi-automatic rifles also show significant growth, expected to expand from $0.57 billion to $0.93 billion, with a 27.36% market share. Lever action rifles are smaller, starting at $0.23 billion and reaching $0.37 billion in the forecast period with 10.79% market share.
Sniper Rifle Market Analysis By Caliber
Global Sniper Rifle Market, By Caliber Market Analysis (2023 - 2033)
Standard caliber rifles will constitute the bulk of the sniper rifle market with revenues anticipated to grow from $1.30 billion in 2023 to $2.10 billion in 2033. Magnum caliber rifles are also expected to rise from $0.57 billion to $0.93 billion, maintaining a market share of 27.36%. Wildcat calibers, while smaller, will see growth from $0.23 billion to $0.37 billion.
Sniper Rifle Market Analysis By Usage
Global Sniper Rifle Market, By Usage Market Analysis (2023 - 2033)
The military remains the largest segment of the sniper rifle market, valued at $1.30 billion in 2023 and expected to grow to $2.10 billion by 2033. Law enforcement and sport shooting follow, with markets starting at $0.57 billion and $0.23 billion respectively, and both forecasted to see significant upward trends.
Sniper Rifle Market Analysis By Accessories
Global Sniper Rifle Market, By Accessories Market Analysis (2023 - 2033)
Accessories such as scopes and bipods hold substantial market presence, with scopes currently at $1.30 billion and projected to reach $2.10 billion while bipods are anticipated to grow from $0.57 billion to $0.93 billion in the same period.
Sniper Rifle Market Analysis By Manufacturing
Global Sniper Rifle Market, By Manufacturing Market Analysis (2023 - 2033)
Manufacturing of sniper rifles is characterized by significant participation from large manufacturers, which dominated 88.18% of the market in 2023 with a size of $1.85 billion, poised to grow to $2.99 billion by 2033, while boutique manufacturers hold an emerging position with growth potential.
Sniper Rifle Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Sniper Rifle Industry
Remington Arms:
A prominent manufacturer known for its precision firearms, Remington offers a range of sniper rifles catering to military and civilian needs with a strong emphasis on accuracy and reliability.accuracy international:
Renowned for its high-end precision rifles, Accuracy International has built its reputation on quality craftsmanship and innovative designs, serving both military and competitive shooting markets.Barrett Firearms:
Specializes in long-range sniper rifles, Barrett has a leading position in the military and civilian sectors, known for their durable and high-performance firearms.FN Herstal:
FN Herstal produces a range of weapons, including sniper rifles renowned for their versatility and performance in various tactical applications.We're grateful to work with incredible clients.
