The global Hunting Equipment Market is expected to grow at a significant rate of around 7% during the forecast period.Hunting equipment refers to any gun, weapon apparatus or material which may be used to hunt, kill or even capture wildlife. Moreover, the increasing preference for fishing, and hunting and the growing adoption of lead-free ammunition prevent the impact on wildlife and contamination of natural resources. Moreover, the growing adoption of outdoor recreational activities, hunting games, and the growing prominence of hunters as conservationists are some of the factors driving the growth of the market. For instance, muzzleloader deer hunting season in Alabama, US, is generally the third week of November every year and firearm permit holders can hunt with any legal equipment during hunting season in the US and Canada.

Based on type, the market is segmented into firearms, ammunition and accessories, knives, archery equipment and others. The firearms segment is to hold a lucrative share in the forecast period as it is considered as the modern way of hunting and can be used with a specific licence for weapons like muzzleloaders, primitive firearms, and handguns. Moreover, the growing outdoor sports and games activities, the growing trend of hunting your own meat for sustainable and healthy living.

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Based on application, the market is categorized into individual and commercial. Among these, the commercial to hold a significant share of the market in the forecast period. This is mainly due to the increase in fishing around the world and the growing preference for the import and export of meat on the industrial level is majorly driving the growth of the market.

North America to witness extensive growth

North America is anticipated to grow at a substantial CAGR during the forecast period. Outdoor recreational activities have become more and more well-liked throughout the Americas because of the rising emphasis on healthy lives among the populace, particularly in the US and Canada. Particularly in the US and Canada, hunting is regarded as an essential component of North American culture. Additionally, hunting is a crucial tool for managing wildlife in the US and Canada since a sizable portion of the money collected from hunting permits and excise taxes on hunting gear is utilized for habitat management and animal conservation in these nations. The expansion of the hunting equipment market in the Americas is anticipated to be fueled by the rising popularity of outdoor leisure activities there. For instance, according to U.S. Fish Wildlife Service, Hunting is available at almost 400 national wildlife refuges, more than 35 wetland management districts and almost 20 national fish hatcheries.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Hunting equipment market are American Outdoor Brands Inc., Beretta Holding S.p.A, BPS Direct LLC, Buck Knives Inc., Easton Technical Products Inc, FeraDyne Outdoors, Pure Fishing Inc, Spyderco Inc, Sturm Ruger and Co. Inc, Vista Outdoor Inc.

“Global Hunting Equipment Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.       

Market Segmentation:

1. By Type (Firearms, Ammunition and Accessories, Knives, Archery Equipment and Others)
2. By Application (Individual and Commercial)
3. By Region (North America, Europe, Asia-Pacific, Rest of the World)
4. By Company (American Outdoor Brands Inc., Beretta Holding S.p.A, BPS Direct LLC, Buck Knives Inc., Easton Technical Products Inc, FeraDyne Outdoors, Pure Fishing Inc, Spyderco Inc, Sturm Ruger and Co. Inc, Vista Outdoor Inc.)

Key questions answered in the study:

1. What are the current and future trends of the global hunting equipment industry?
2. How the industry has been evolving in terms of type and application?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global hunting equipment industry?
5. What is the customer orientation, purchase behavior, and expectations from the global hunting equipment suppliers across various region and countries?