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LSH 23.05.24
Global Sniper Rifle Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Sniper rifles are long-range, high-precision rifles used in both military and law enforcement applications. The modern sniper rifle is a shoulder-fired weapon system that can be either bolt action or semi-automatic. It has a telescopic sight for pinpoint accuracy. The Sniper Rifle market is expanding because of factors such as the rising defense budget and military modernization programs is driving the market growth.
According to Statista in 2022, the spending towards the military across the globe is rising. the United States has spent around USD 801 billion contributing 38 % of the total military spending globally. Also, public expenditure on defense accounted for around USD 76.6 billion in 2021. Whereas rising procurement of sniper rifles and technological advancement and innovations create lucrative opportunities for the market. However, stringent government regulations hamper the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Sniper Rifle Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing military modernization programs and initiatives by market players across the region. Whereas North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as growing technological advancement and innovations across the region in the forecast period.
Major market players included in this report are:
- S&T Motiv Co. Ltd
- Savage Arms
- FN HERSTAL
- Remington Arms Company LLC
- Knights Armament Co.
- Accuracy International
- STRATEGIC ARMORY CORPS.
- Zastava arms
- B&T AG
- Denel SOC Ltd
Recent Developments in the Market:
- In 2019, the company introduced the MRAD (Multi-Role Adaptive Design) sniper rifle, which features a quick-change barrel system and can be configured for various calibers.
- In 2019, the company launched the AXSR (Advanced Sniper Rifle), which features a modular design and can be customized for specific mission requirements.
Global Sniper Rifle Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Range, Application, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Range:
- Up to 1,000 Meters
- Beyond 1,000 Meters
By Application:
- Civilian
- Law Enforcement
- Military
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Sniper Rifle Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Sniper Rifle Market, by Range, 2019-2029 (USD Billion)
- 1.2.3. Sniper Rifle Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Sniper Rifle Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Sniper Rifle Market Dynamics
- 3.1. Sniper Rifle Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising defence budget
- 3.1.1.2. Military modernization programs
- 3.1.2. Market Challenges
- 3.1.2.1. Stringent government regulations
- 3.1.3. Market Opportunities
- 3.1.3.1. Procurement of sniper rifles
- 3.1.3.2. Technological advancement and innovations
Chapter 4. Global Sniper Rifle Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Sniper Rifle Market, by Range
- 6.1. Market Snapshot
- 6.2. Global Sniper Rifle Market by Range, Performance - Potential Analysis
- 6.3. Global Sniper Rifle Market Estimates & Forecasts by Range 2019-2029 (USD Billion)
- 6.4. Sniper Rifle Market, Sub Segment Analysis
- 6.4.1. Up to 1,000 Meters
- 6.4.2. Beyond 1,000 Meters
Chapter 7. Global Sniper Rifle Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Sniper Rifle Market by Application, Performance - Potential Analysis
- 7.3. Global Sniper Rifle Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 7.4. Sniper Rifle Market, Sub Segment Analysis
- 7.4.1. Civilian
- 7.4.2. Law Enforcement
- 7.4.3. Military
Chapter 8. Global Sniper Rifle Market, Regional Analysis
- 8.1. Sniper Rifle Market, Regional Market Snapshot
- 8.2. North America Sniper Rifle Market
- 8.2.1. U.S. Sniper Rifle Market
- 8.2.1.1. Range breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Sniper Rifle Market
- 8.3. Europe Sniper Rifle Market Snapshot
- 8.3.1. U.K. Sniper Rifle Market
- 8.3.2. Germany Sniper Rifle Market
- 8.3.3. France Sniper Rifle Market
- 8.3.4. Spain Sniper Rifle Market
- 8.3.5. Italy Sniper Rifle Market
- 8.3.6. Rest of Europe Sniper Rifle Market
- 8.4. Asia-Pacific Sniper Rifle Market Snapshot
- 8.4.1. China Sniper Rifle Market
- 8.4.2. India Sniper Rifle Market
- 8.4.3. Japan Sniper Rifle Market
- 8.4.4. Australia Sniper Rifle Market
- 8.4.5. South Korea Sniper Rifle Market
- 8.4.6. Rest of Asia Pacific Sniper Rifle Market
- 8.5. Latin America Sniper Rifle Market Snapshot
- 8.5.1. Brazil Sniper Rifle Market
- 8.5.2. Mexico Sniper Rifle Market
- 8.6. Rest of The World Sniper Rifle Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. S&T Motiv Co. Ltd
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. Savage Arms
- 9.2.3. FN HERSTAL
- 9.2.4. Remington Arms Company LLC
- 9.2.5. Knights Armament Co.
- 9.2.6. Accuracy International
- 9.2.7. STRATEGIC ARMORY CORPS.
- 9.2.8. Zastava arms
- 9.2.9. B&T AG
- 9.2.10. Denel SOC Ltd
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption