Watch Demo

Sniper Rifle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Sniper Rifle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

  • Publish Date:February 2023

  • Number of Pages:143

  • Report ID:6372662

  • Format:PDF

  • Publisher:IMARC Group

$ 2499

Summary

The global sniper rifle market size reached US$ 2.8 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 3.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.38% during 2023-2028.

A sniper rifle is a portable, long-range, high precision shoulder ammunition equipped with night-vision and telescopic sight devices, which help in visual aiming by magnifying targets. It also comprises a lightweight bolt carrier, spiked feet, back view extended monopod, rear grip, detachable muzzle brake, adjustable scope rings, bipod, socket, and spiked feet as standard components. Unlike conventional guns or pistols, sniper rifles can possess bullets for a longer duration in barrels and shoot with much higher velocity and accuracy while absorbing the recoil produced through firing. Apart from this, it is stable, quick, flexible, and capable of destroying light armored vehicles and aircraft. Consequently, the sniper rifle is used to provide detailed surveillance from concealed positions and neutralize high-value targets to mitigate combat. Currently, it is mainly available in long-range precision and bolt-action rifle types with different ranges.

Sniper Rifle Market Trends:
The increasing terrorist attacks and geopolitical tensions across borders have prompted the military and defense sector to widely adopt advanced ammunitions, such as sniper rifles, over exiting obsolete warfare equipment to protect civilians, which is primarily driving the market growth. In line with this, the growing military expenditure, the escalating need to strengthen military bases, and various government initiatives toward modernizing armed forces are also supplementing the demand for sniper rifles in the market. This is further influenced by the fueling number of arms imports and export activities across the globe to maintain a sufficient amount of weapons and ammunition. Additionally, the advent of technologically advanced sniper rifles with efficient bullet loading capacities, automatic steering facilities, and increased range and accuracy to demolish rival targets is contributing to the market growth. Apart from this, the extensive uptake of the sniper rifle in sports shooting and the ongoing procurement of the product in terms of engagement profile, topography on battlefields, and the number of sniper squadrons are positively augmenting the market growth.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global sniper rifle market report, along with forecasts at the global, regional and country level from 2023-2028 Our report has categorized the market based on type, range and application.

Breakup by Type:
Bolt-Action
Semi-Automatic Action

Breakup by Range:
Up to 1,000 meters
Beyond 1,000 meters

Breakup by Application:
Civilian
Law Enforcement
Military

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accuracy International, B&T AG, FN Herstal, H&K AG (Compagnie De Developpement De L’Eau S.A.), Knights Armament Co, PGM Precision, PGW Defence Technology Inc., Savage Arms Inc., SNT Motiv Co. Ltd., Strategic Armory Corps and Zastava Arms USA.



Key Questions Answered in This Report:
How has the global sniper rifle market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global sniper rifle market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the range?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global sniper rifle market and who are the key players?
What is the degree of competition in the industry?

Table of contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Sniper Rifle Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Type
6.1 Bolt-Action
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Semi-Automatic Action
6.2.1 Market Trends
6.2.2 Market Forecast

7 Market Breakup by Range
7.1 Up to 1,000 meters
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Beyond 1,000 meters
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Application
8.1 Civilian
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Law Enforcement
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Military
8.3.1 Market Trends
8.3.2 Market Forecast

9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Accuracy International
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 B&T AG
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 FN Herstal
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 H&K AG (Compagnie De Developpement De L'Eau S.A.)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Knights Armament Co
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 PGM Precision
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 PGW Defence Technology Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Savage Arms Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 SNT Motiv Co. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Strategic Armory Corps
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Zastava Arms USA
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio

List of Figures
Figure 1: Global: Sniper Rifle Market: Major Drivers and Challenges
Figure 2: Global: Sniper Rifle Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Sniper Rifle Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Sniper Rifle Market: Breakup by Type (in %), 2022
Figure 5: Global: Sniper Rifle Market: Breakup by Range (in %), 2022
Figure 6: Global: Sniper Rifle Market: Breakup by Application (in %), 2022
Figure 7: Global: Sniper Rifle Market: Breakup by Region (in %), 2022
Figure 8: Global: Sniper Rifle (Bolt-Action) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Sniper Rifle (Bolt-Action) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Sniper Rifle (Semi-Automatic Action) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Sniper Rifle (Semi-Automatic Action) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Sniper Rifle (Up to 1,000 meters) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Sniper Rifle (Up to 1,000 meters) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Sniper Rifle (Beyond 1,000 meters) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Sniper Rifle (Beyond 1,000 meters) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Sniper Rifle (Civilian) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Sniper Rifle (Civilian) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Sniper Rifle (Law Enforcement) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Sniper Rifle (Law Enforcement) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Sniper Rifle (Military) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Sniper Rifle (Military) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: North America: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: North America: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: United States: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: United States: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Canada: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Canada: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Asia-Pacific: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Asia-Pacific: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: China: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: China: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Japan: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Japan: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: India: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: India: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: South Korea: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: South Korea: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Australia: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Australia: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Indonesia: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Indonesia: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Others: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Others: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Europe: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Europe: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Germany: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Germany: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: France: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: France: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: United Kingdom: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: United Kingdom: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Italy: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Italy: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Spain: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Spain: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Russia: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Russia: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Others: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Others: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Latin America: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Latin America: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Brazil: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Brazil: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Mexico: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Mexico: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Middle East and Africa: Sniper Rifle Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Middle East and Africa: Sniper Rifle Market: Breakup by Country (in %), 2022
Figure 70: Middle East and Africa: Sniper Rifle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Global: Sniper Rifle Industry: SWOT Analysis
Figure 72: Global: Sniper Rifle Industry: Value Chain Analysis
Figure 73: Global: Sniper Rifle Industry: Porter's Five Forces Analysis

List of Tables
Table 1: Global: Sniper Rifle Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Sniper Rifle Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Sniper Rifle Market Forecast: Breakup by Range (in Million US$), 2023-2028
Table 4: Global: Sniper Rifle Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Sniper Rifle Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Sniper Rifle Market: Competitive Structure
Table 7: Global: Sniper Rifle Market: Key Players

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.