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Report ID: UCMIG25J2049
Report ID:
UCMIG25J2049 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for airsoft guns, with a value of $1,929.3 million in 2022, is anticipated to experience a steady growth at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. This growth can be attributed to the increasing interest of millennials in adventurous sports as a means to alleviate stress caused by demanding work routines. Furthermore, the rising significance of recreational activities such as target shooting and shooting sports, especially with their expanding presence in various venues like family entertainment centers, is expected to drive the market's expansion in the coming years. Nevertheless, a growing awareness of the potential harm associated with the misuse of these devices is acting as a restraint on market growth.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Leisure Products by segment aggregation, the contribution of the Leisure Products in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25J2049