What is the estimated value of the global Hunting Equipment and Accessories Market?

The global market for Hunting Equipment & Accessories was estimated to be valued at US$ XX Mn in 2021.

What are the key industry segments covered in the report?

The market for hunting gear and accessories encompasses a wide range of products and accessories used by hunters for various hunting activities. Factors such as the increasing popularity of outdoor recreational activities, the rising interest in hunting as a sport, and the growing demand for high-quality hunting equipment are driving market growth.

On the basis of region, how is the global Hunting Equipment and Accessories Market segmented?

Based on region, the global Hunting Equipment and Accessories Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Who are the key players competing in the global Hunting Equipment and Accessories Market?

The key players operating in the global Hunting Equipment and Accessories Market are American Outdoor Brands Corp., Beretta Holding SA, BPS Direct LLC, Buck Knives, Inc., Dick’s Sporting Goods, Inc., SPYPOINT, Under Armour, Inc., Spyderco, Inc., Sturm Ruger and Co. Inc., Vista Outdoor Inc..

Hunting Equipment and Accessories Market Worldwide

Q: What is the expected growth rate of the global Hunting Equipment and Accessories Market during the forecast period?

The global Hunting Equipment and Accessories Market is estimated to grow at a CAGR of XX% by 2028.

Hunting Equipment and Accessories Market Regional Insights

North America dominated the hunting equipment and accessories market. A strong hunting culture, favorable government policies, and the availability of a wide range of hunting equipment and accessories drive the market growth. Canada also has a significant hunting equipment and accessories market, albeit smaller than the US.

On the other hand, the APAC region has been experiencing the fastest growth in the hunting equipment and accessories market, mainly due to an increase in hunting tourism and a growing interest in hunting among the population. The market in APAC is dominated by countries such as Australia, New Zealand, and China. Australia and New Zealand have well-established hunting cultures, with a wide range of hunting opportunities and a large market for hunting equipment and accessories. With its growing economy and increasing interest in hunting, China has emerged as a potential growth market for hunting equipment and accessories.

FAQs

Hunting Equipment & Accessories Market size was valued at USD 21.88 Billion in 2023 and is poised to grow from USD 23.59 Billion in 2024 to USD 43.02 Billion by 2032, growing at a CAGR of 7.80% during the forecast period (2025-2032).

The competitive landscape of the global hunting equipment and accessories market is highly fragmented, with numerous players operating in the market. These players focus on product innovation, expanding their product portfolios, and strategic partnerships and collaborations to strengthen their market position. Additionally, players in the market are also focused on expanding their geographical presence, particularly in emerging markets in the APAC region, to capitalize on the growing demand for hunting equipment and accessories. 'Vista Outdoor Inc.', 'American Outdoor Brands Corporation', 'Sturm, Ruger & Company Inc.', 'Smith & Wesson Brands, Inc.', 'Battenfeld Technologies Inc.', 'Garmin Ltd.', 'Bushnell Outdoor Products', 'Olin Corporation', 'Beretta Holding S.p.A.', 'Freedom Group, Inc.', 'Sig Sauer, Inc.', 'Accu-Tac Precision Bipods', 'Arcus Hunting LLC', 'Browning Arms Company', 'Colt's Manufacturing Company LLC', 'DICK'S Sporting Goods Inc.', 'Hunting and Outdoor Supplies Pty Ltd.', 'Leupold & Stevens Inc.', 'Remington Outdoor Company Inc.', 'Savage Arms Inc.', 'In March 2023, Mossberg, a leading firearms manufacturer, introduced a new line of semi-automatic hunting rifles featuring improved accuracy and reliability.', 'In January 2023, Sig Sauer, a popular firearms manufacturer, launched a new line of hunting rifles featuring advanced optics and precision-machined components.', 'In November 2022, Bass Pro Shops, a leading hunting and fishing retailer, announced plans to open a new flagship store in Atlanta, Georgia, featuring a wide range of hunting equipment and accessories.', 'In August 2022, Winchester Ammunition, a popular ammunition manufacturer, released a new line of long-range hunting ammunition with improved accuracy and terminal performance.', 'In June 2022, The National Shooting Sports Foundation (NSSF) announced a new initiative to increase participation in hunting and shooting sports among women and minorities.'

One of the key drivers of the global hunting equipment and accessories market is the increasing popularity of hunting as a recreational activity, especially in North America and the APAC region. The rise in hunting tourism and a growing interest in hunting among the population has led to a surge in demand for hunting equipment and accessories. Additionally, the availability of a wide range of hunting equipment and accessories at affordable prices has made it easier for individuals to engage in hunting activities, further driving the growth of the market.

One key market trend in the global hunting equipment and accessories market is the increasing demand for technologically advanced hunting equipment and accessories. This trend is driven by the growing interest in hunting among younger generations who are more accustomed to using technology daily. Manufacturers are developing new products incorporating advanced technologies such as GPS, digital range finders, and night vision scopes, to cater to this demand. Additionally, materials science and design advancements are leading to the development of more lightweight, durable, and ergonomic hunting equipment and accessories.