Shifting consumer interest towards spending more time on leisure activities is accelerating the growth of the airsoft guns market

 

airsoft guns market

Airsoft guns are small firearms that simulate military-style weapons like the ones used in war. Airsoft guns can be powered either by spring, gas or manually operated. The sport of airsoft includes three basic elements: the players, the equipment, and the scene/staging ground. Some of the equipment used in airsoft is not necessarily military-issue but can be similar in appearances, such as pistol scopes, red dot sights, and laser pointers. Airsoft guns are fired from airsoft guns can be shot from the shoulder, the hand, or the forehand (with a unique type of it). In addition, some airsoft guns are double-edged, meaning that they can have an orange tip that expands when the trigger is pulled. Each of these methods of firing produces different characteristics of the outcome, including range, trajectory, and velocity.

The increasing interest of people in leisure activities such as target shooting is driving the growth of the airsoft guns market. The growing participation of people in adventurous sports activities for reducing stress from hectic work is again fueling the growth of the market. According to the Bureau of Labor Statistics, around 19 percent of the U.S. population was engaged in sports and exercise each day in 2017. Male participation was higher (20.2 percent) than the participation rate of women (17.8 percent). Moreover, a growing number of shooting organizations across developed as well as developing countries coupled with the rising demand for airsoft sports activities is encouraging players to conduct airsoft leagues which are further anticipated to foster the growth of the airsoft guns market.

North America is projected to gain significant growth over the forecast period and this is attributed to the increasing people interest in adventurous sports activities such as shooting and hunting. The growing focus of manufacturers in arranging various sports activities in order to increase the consumer reach is also projected to augment the regional market growth. Furthermore, the increasing number of airsoft fields in the regions is again projected to propel the regional market growth

Key Developments:

1. 1. In August 2020, Cybergun signed a distribution agreement for the USA with EVIKE.COM to distribute Cybergun products in the USA

2. 2. In January 2021, ActionSportGames A/S (ASG), has announced a distribution partnership with Taiwanese manufacturer, ICS Airsoft which distributes ICS Airsoft products throughout Europe, with exclusivity in 6 countries; Denmark, France, Sweden, Norway, Finland, and Poland.

3.  3.  In May 2017, Firearms manufacturer Israel Weapon Industries and Punj Lloyd have entered into a partnership produce a variety of small arms from the Israeli company's product line, of which some are for use by Indian armed forces.


Location: India

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