The import of shotguns and shotgun-rifles for sport, hunting, or target use in India has been showing a consistent decline from 2024 to 2028, with each year witnessing a marginal reduction in import value. Compared to 2023, where the value of imports stood at a point higher than 2024's forecast, this declining trend suggests a decreasing demand or shift in sourcing strategy over the foreseeable future.
Year-on-year percentage variations indicate a gradual yet steady decline annually. Over the five-year forecast period, the compound annual growth rate (CAGR) elucidates this shrinking import trend.
Future trends to watch for include potential changes in local regulations affecting imports, the rise of domestic manufacturing capabilities, or shifting consumer preferences toward locally sourced sporting firearms. These factors could influence the market dynamics and alter the current declining trend.
