The hunting equipment market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 1.0% in the above-mentioned forecast period.
The hunting equipment basically refers to any weapon, gun, implement, apparatus or material which may be used to hunt, kill or even capture wildlife. The different types of equipment can be classified as firearms, ammunition and accessories, knives, archery equipment and others.
Increasing preferences of hunting and fishing and prevalence of lead free ammunition to prevent the impact on wildlife and contamination of water are the major factor fostering the growth of the market. Additionally, surging growth of tourism industry and rising revenue by sales of hunting licenses for wildlife conservation and forest management also further carve the way for the growth of market. The high cost of the equipment and regional restrictions regarding hunting of any animal is expected to hamper the market’s growth.
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Some of the major players operating in the hunting equipment market report are American Outdoor Brands Corporation, VISTA OUTDOOR OPERATIONS LLC., Buck Knives, Inc. USA, browning, Sturm, mathewsinc, Ruger & Co., Inc., Garrett Metal Detectors, New Moosejaw, LLC, remarms, Beretta Holding S.p.A. company, Hunting PLC, Otis Technology., American Outdoor Brands, Remington Arm, Nielsen-Kellerman Co, and QSR Outdoor Products, Inc., among others.
Global Hunting Equipment Market Scope and Market Size
The hunting equipment market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, hunting equipment market is segmented into firearms, ammunition and accessories, knives, archery equipment and others.
- On the basis of application, the hunting equipment market is segmented into individual and commercial.
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Hunting Equipment Market Country Level Analysis
The hunting equipment market is analyzes and market size insights and trends are provided by type and application as referenced above.
The countries covered in the hunting equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the hunting equipment market owing to the large share of U.S. along with increasing preferences of outdoor recreational activities and rising sales of hunting equipment. Asia-Pacific region is expected to score the highest CAGR owing to the increasing outdoor recreational activities within this region.
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