Hunting Equipment Market in Americas Size to grow by USD 884.51 million between 2024-2028
According to a research report “ Hunting Equipment Market in Americas” by End-user (Commercial, Personal) Product (Firearms, Amunnition and accessories, Archery equipment and knives) Geography (Americas)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 884.51 million, at a CAGR of 1.73% during the forecast period. In the Americas, the proliferation of internet-connected smartphones and the subsequent expansion of e-commerce has significantly boosted the hunting equipment market. Companies like BPS Direct LLC (BPS Direct) based in the region offer a comprehensive selection of hunting equipment, including crossbows, arrows and shafts, firearms, ammunition, rifle scopes, and game calls, via their websites. This online expansion has extended to emerging markets in Argentina and Mexico, providing customers with the ability to make informed purchasing decisions by comparing product features and prices. The digital transformation of the hunting equipment industry in the Americas offers unparalleled convenience and accessibility to a broad customer base.
Browse market data tables, figures, and in-depth TOC on “Hunting Equipment Market in Americas” by End-user (Commercial, Personal) Product (Firearms, Amunnition and accessories, Archery equipment and knives) Geography (Americas) Global Forecast to 2028. Download Free Sample
By End-user, the Commercial segment is projected to dominate the market size in 2024
The hunting equipment market in the Americas is witnessing significant growth, particularly in the firearms segment. Firearms encompass a range of equipment, including rifles, shotguns, muzzleloaders, primitive firearms, pistols, and handguns. Regulations governing the use of these firearms vary. For instance, hunters utilizing rifles and shotguns for game and bird hunting are subject to carrying equipment licenses. In contrast, the use of muzzleloaders, primitive firearms, and handguns involves less stringent regulations. Countries like the US and Canada establish defined hunting seasons for specific game types, such as muzzleloader deer hunting in Alabama, US, typically occurring in November. Firearm permit holders are permitted to hunt with any legal equipment during the designated hunting seasons in both the US and Canada. These factors are anticipated to fuel the expansion of the firearms segment within the hunting equipment market in the Americas throughout the forecast period.
By Product, Firearms segment is expected to hold the largest market size for the year 2024
The commercial utilization of hunting equipment is projected to experience substantial expansion in the ensuing years. This growth can be attributed to the escalating interest in hunting and the burgeoning population of new participants. Moreover, the advent of sophisticated and technologically advanced hunting equipment is poised to fuel market expansion during the forecast period. Notably, rifles, shotguns, handguns, and bows and arrows are the most commonly used hunting instruments in the Americas. Among these, rifles represent the largest segment, capturing approximately 60% of total sales within the region.
Americas is forecasted to hold the largest market size by region in 2024
The Americas, specifically the United States, represent a significant market for hunting equipment due to the presence of prominent manufacturers such as Remington Arms Co. LLC and Sturm, Ruger and Co. Inc. The US, with its rich hunting traditions and popularity of trophy hunting among enthusiasts, accounts for a substantial market share in the Americas. Hunting pursuits in the US and neighboring countries, including Canada and Mexico, feature various species like deer, elk, bear, caribou, moose, and alligators. The enduring cultural significance of hunting in the US and the allure of trophy hunting are anticipated to drive the expansion of the hunting equipment market in the US throughout the forecast period.
The Hunting Equipment Market in Americas growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The hunting equipment market in the Americas is a significant segment of the Capital Goods industry, which includes Agricultural & Farm Machinery. Hunting is a popular sport in the region, with millions of people participating in the activity every year. The market for high-quality hunting equipment, including trail cameras, scent eliminators, blinds, optics, sharpeners, knives, bows, guns & rifles, presents a substantial market opportunity for manufacturers and retailers. The industry's growth is driven by various factors, including the expanding safari tourism industry, forest management, and wildlife conservation. Hunting license sales continue to be a significant revenue source for governments and provide an incentive for the production and sale of hunting equipment. Moreover, technological advancements in hunting equipment, such as ammunition designs, have led to innovative products that enhance the hunting experience while promoting environmental conservation. The demand for high-quality hunting equipment is expected to continue, as hunters seek to improve their skills and increase their chances of success in the field. Overall, the hunting equipment market in the Americas offers significant potential for expansion and growth.
Market Research Overview
The Hunting Equipment Market in the Americas is a dynamic and evolving industry, catering to the needs of commercial end-users, hunting outfitters, and individual hunters. Hunting specialty stores remain a significant distribution channel, while online marketplaces and e-commerce platforms have gained popularity due to convenience and speed. Ethical and sustainable hunting practices are key trends, with bag limits, hunting seasons, and habitat management playing crucial roles. Hunting interests extend beyond traditional gear like camouflage clothing, binoculars, hunting knives, and firearms to high-tech gadgets such as GPS devices, communication equipment, trail cameras, scent eliminators, and blinds. Optics, sharpeners, knives, bows, and guns & rifles are popular products and accessories. Firearm sales, hunting licenses, and outdoor recreational activities contribute significantly to the market's total revenue growth. Changing consumer preferences, seasonality, hunting regulations, and economic impact are essential factors influencing the market. Demographic changes, social & ethnic concerns, trade & economic policies, and legal scenarios also shape the industry. Key trends include the use of lead-free ammunition, hunting animals for wildlife-related activities, and the economic impact on rural areas. The market opportunity lies in market expansion, high-quality hunting equipment, and the growing interest in hunting among women. Industry growth is driven by the safari tourism industry, forest management, and wildlife conservation. Climate change, natural disasters, and regional restrictions pose challenges. The market includes capital goods, agricultural & farm machinery, and jobs in manufacturing and the supply chain. In summary, the Hunting Equipment Market in the Americas is a diverse and complex industry, with various segments, including the specialty store segment for individuals and the commercial segment for gun users and ammunition. The ammunition segment, binoculars & camping equipment, and hunting equipment & accessories are essential product categories. The industry's growth is influenced by various factors, including hunting regulations, consumer preferences, and economic factors.
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