Enjoy complimentary customisation on priority with our Enterprise License!
The Americas Hunting Equipment Market size is estimated to grow by USD 884.51 million at a compound annual growth rate of 1.73% between 2023 and 2028. The surge in online sales drives market growth and forecasting, analyzed through market research. Internet-enabled smartphones facilitate e-commerce growth across the Americas, offering a market opportunity for innovative hunting gear providers like BPS Direct LLC. Their online platforms showcase ammunition designs, optics, blinds, and trail cameras.
However, stringent regulations on hunting practices pose challenges despite the market forecast for hunting equipment. Hunters' conservation role underscores their demand for sustainable products like scent eliminators and sharpeners. Seasonal variations in hunting seasons affect market growth analysis, particularly in agricultural and farm machinery sectors. Adapting to these dynamics is crucial for sustained market growth.
To learn more about this report, View Sample PDF
The commercial segment is estimated to witness significant growth during the forecast period. Commercial use of this is expected to increase significantly in the next few years. This is primarily due to the increasing popularity of hunting and the growing number of people who are taking up the sport.
To gain further insights on the market contribution of various segments Request a PDF Sample
The commercial segment was the largest and was valued at USD 6.19 billion in 2018. Some of the most popular hunting equipment in the Americas include rifles, shotguns, handguns, and bows and arrows. Rifles are by far the most popular type of hunting-weapon, accounting for nearly 60% of all sales in the region. Shotguns are the second most popular type of hunting-weapon, accounting for around 20% of sales. In addition, many businesses are now offering hunts as corporate retreats or team-building exercises. As a result, there is a growing USA hunting-equipment and accessories market demand for high-quality hunting-equipment that can be used for these purposes. Hence, such factors are expected to drive the commercial use segment in the market during the forecast period.
Based on product, the market has been segmented into firearms, ammunition and accessories, and archery equipment and knives. The firearms segment will account for the largest share of this segment.? Firearms include rifles, shotguns, muzzleloaders, primitive firearms, pistols, and handguns. While hunters who use rifles and shotguns for game and bird-hunting must carry equipment licenses, the use of muzzleloaders, primitive firearms, and handguns involves less stringent regulations in the Americas. Firearm permit holders can hunt with any legal equipment during hunting-season in the US and Canada, which can result in USA's market expansion. Hence, such factors are expected to drive the firearms segment in the market during the forecast period.
The surge in online sales drives market growth, analyzed through market research and growth. Rapid penetration of internet-enabled smartphones fuels e-commerce growth in the Americas, offering a forecast for market forecasting. Hunting equipment providers like BPS Direct LLC offer innovative gear and accessories online, catering to agricultural & farm machinery needs. Hunters play a vital role in wildlife conservation, particularly in North America, where hunting animals is intertwined with socio-economic activity in rural areas, providing jobs for Americans.
However, challenges like supply chain disruptions and reliance on offline sales persist. Adapting manufacturing and supply chains is essential for sustained growth in the market.
The surge in online sales significantly fuels market expansion, offering an opportunity for innovative hunting gear and accessories. Across the Americas, internet-enabled smartphones drive the rapid growth of e-commerce. Companies like BPS Direct LLC (BPS Direct) showcase high-quality hunting equipment online, including guns & rifles, bows, knives, and optics. Yet, stringent regulations on hunting practices and concerns for wildlife conservation persist. Despite challenges, the industry's growth is propelled by advancements in technology. Market expansion hinges on addressing production and consumption patterns, as well as capitalizing on the market opportunity presented by the safari tourism industry. This underscores the importance of balancing revenue generation with environmental conservation efforts.
Moreover, the advent of online sales and e-commerce in the market enables customers to make better purchase decisions by comparing product features and prices. The growth in logistics infrastructure in developing economies such as Mexico and Argentina will encourage companies to offer products through online platforms. The growing popularity of online sales is expected to boost the market growth during the forecast period.
The growing prominence of hunters as conservationists is an emerging trend shaping the market growth. Hunters are the key driving force for wildlife conservation activity, especially in North American countries such as the US and Canada. Through several federal and state-level programs in these countries, hunters contribute to funding that supports wildlife conservation and habitat restoration. For instance, the Duck Stamp, formerly known as the Federal Migratory Bird Hunting and Conservation Stamp, is mandatory as a license for waterfowl hunting in the US.
Moreover, roughly 98% of the proceeds generated from Duck Stamp sales are directed towards wildlife conservation and habitat management, by the National Wildlife Refuge System. The increasing prominence of hunters as conservationists is anticipated to positively impact the growth of the market. These factors are projected to propel market expansion throughout the forecast period. Additionally, the pivotal role of hunters in conservation underscores their significance, further enhancing the market's potential. Furthermore, the allocation of funds towards wildlife preservation emphasizes the importance of capital goods in sustaining environmental initiatives.
The seasonal nature of hunting activities is a significant challenge hindering market growth. The revenue generated from hunting equipment in the Americas is highly dependent on seasonal sales in the region. Every year, the US, Canada, and Argentina announce open seasons to hunt certain wildlife species in adherence to wildlife conservation laws. Hunting is prohibited during the closed season, and wildlife species require protection from hunting activities for mating or breeding. Open season for hunting varies within countries in the Americas and is dependent on the mating and breeding period.
For instance, in New Hampshire in the US, the open season for wild Turkey generally falls in May, while deer can be hunted from October to December every year. The seasonal fluctuations in hunting activities are expected to hurt the market growth. Such factors are expected to impede the market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. Some of the major companies in the market include:
Academy Sports and Outdoors Inc. - The company offers hunting equipment under brands such as Vortex, Leupold, and Magellan Outdoors.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including Academy Sports and Outdoors Inc., American Outdoor Brands Inc., Barnett Outdoors, BERETTA HOLDING SA, BPS Direct LLC, Buck Knives Inc., Camping World Holdings Inc., Easton Technical Products Inc., FeraDyne Outdoors LLC, Forloh, Lowes Co. Inc., Nielsen Kellerman Co., Scheels, Sportsmans Warehouse Holdings Inc., Spyderco Inc., Sturm Ruger and Co. Inc., TenPoint Crossbow Technologies, Under Armour Inc., Vista Outdoor Inc., and W. L. Gore and Associates Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a vast array of products catering to the needs of hunters and outdoor enthusiasts. With hunting license sales fueling the industry's growth, considerations for wildlife conservation and forest management are paramount.
In addition to serving individual hunters, the market also caters to the safari tourism industry and the commercial sector, offering high-quality hunting equipment such as guns & rifles, bows, and knives. However, challenges like the high cost of accessories and stringent regulations pose hurdles.
Advancements in technology have led to the development of smart hunting equipment and innovative gear, meeting customers' interest in high-tech gadgets while addressing concerns regarding wildlife conservation. Moreover, initiatives for environmental conservation and sustainable hunting practices are gaining traction, shaping production and consumption patterns.
With the rise of online distribution channels and the influence of organizations like the National Shooting Sports Foundation (NSSF), the market is witnessing a shift towards e-commerce platforms, providing convenience and speed for consumers.
As the industry evolves to meet changing consumer preferences and adapt to regulatory frameworks, collaboration with organizations such as the Fish and Wildlife Service and the Game Commission becomes vital in ensuring the longevity of hunting as a sport while preserving natural habitats.
Get a detailed analysis of drivers, trends, and challenges Request a Free PDF Sample!
Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2023 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 1.73% |
Market Growth 2024-2028 |
USD 884.51 million |
Market structure |
Fragmented |
YoY growth (%) |
1.47 |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Academy Sports and Outdoors Inc., American Outdoor Brands Inc., Barnett Outdoors, BERETTA HOLDING SA, BPS Direct LLC, Buck Knives Inc., Camping World Holdings Inc., Easton Technical Products Inc., FeraDyne Outdoors LLC, Forloh, Lowes Co. Inc., Nielsen Kellerman Co., Scheels, Sportsmans Warehouse Holdings Inc., Spyderco Inc., Sturm Ruger and Co. Inc., TenPoint Crossbow Technologies, Under Armour Inc., Vista Outdoor Inc., and W. L. Gore and Associates Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.