Global Hunting Equipment & Accessories Market is valued at approximately USD 19.9 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.5% over the forecast period 2022-2029. Hunting equipment & accessories are specially designed items for hunting any animal. These equipment & accessories are created in a variety of ways to meet the needs of the hunters. Gun & rifles, archery, ammunition, auxiliary equipment, and many other products are highly adopted by hunters. The surging growth of the safari tourism industry, the growing popularity of hunting as an outdoor recreational activity, and the increasing prominence of hunters as conservationists are some major factors for the growth of the market.

The rising inclination towards hunting is directly associated with the demand for hunting equipment and accessories in the global market. According to Statista analysis, in 2019, the market size of the hunting and trapping sector in the United States was estimated to be valued at USD 827.9 million, which is projected to reach USD 878.3 million. Therefore, the growth of the hunting and trapping sector is augmenting the growth of the hunting equipment & accessories market. Moreover, rising investment in new ammunition designs, as well as the growing need for environmental conservation, are presenting various lucrative opportunities over the forecasting years. However, the easy availability of substitute products and the high cost of accessories are challenging the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Hunting Equipment & Accessories 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 growing popularity of outdoor recreational activities, along with the presence of well-established market players. Whereas, Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as the growing trend of hunting and fishing trade shows, as well as rising inclination towards hunting in the market space.

Major market players included in this report are:

American Outdoor Brands Corp.

Beretta Holding SA

BPS Direct LLC

Buck Knives, Inc.

Dick's Sporting Goods, Inc.

SPYPOINT

Under Armour, Inc.

Spyderco, Inc.

Sturm Ruger and Co. Inc.

Vista Outdoor Inc.

Recent Developments in the Market:

In July 2022, Beretta Holding S.A. announced that the company acquired RUAG Ammotec Group that added 16 companies in 12 different countries and 2,700 people to Beretta Holding Group. The objective of this acquisition is to offer premium products including small arms, ammunition, optics, clothing, accessories, and electro-optics.
In December 2021, Vista Outdoor Inc. acquired Stone Glacier- the backcountry hunting gear company, giving Vista a foothold in the packs, camping equipment, and technical apparel categories
In July 2020, FORLOH unveiled the launch of premium technical apparel with superior technology. Also, with this launch FORLOH.com, the brand's flagship retail store opened in Whitefish, Montana, the same city as its headquarters
Global Hunting Equipment & Accessories 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: Product, Distribution Channel, 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 Product

Gun & Rifles

Archery

Ammunition

Auxiliary Equipment

Other

By Distribution Channel

Supermarkets/Hypermarkets

Specialty Stores

Online

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

RoLA

Rest of the World