The projected import volume of rifles for sporting, hunting, or target-shooting into India is anticipated to increase steadily from 17.74 thousand kilograms in 2024 to 20.83 thousand kilograms in 2028. The data suggests a consistent year-on-year growth, building upon historical data where the volume stood at 17.01 thousand kilograms in 2023. Year-on-year percentage variations indicate a stable upward trend of approximately 4.51% from 2024 to 2025, 4.20% from 2025 to 2026, 3.94% from 2026 to 2027, and 3.73% from 2027 to 2028. Over the last five years, the Compound Annual Growth Rate (CAGR) is approximately 4.09%.
Future trends to watch for include potential regulatory changes impacting the import of sporting rifles, shifts in consumer interest towards local alternatives due to government incentives, and technological advancements in firearm manufacturing. Additionally, geopolitical factors and international trade agreements could play significant roles in shaping the import dynamics in the coming years.
