Sniper Rifle Market Size

Sniper Rifle Market size was valued at USD 151.94 million in 2024 and is likely to cross USD 297.33 million by 2037, expanding at more than 5.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of sniper rifle is estimated at USD 158.78 million.

The growth of the market can be attributed to the increase in purchase of military sniper rifles by government agencies and their growing use for sports shooting. The escalating number of sniper rifle procurements in the defense sector can be ascribed to the increasing military expenditure and surge in initiatives for the modernization of equipment by various armed forces across the world. Moreover, with the ability of modern rifles to shoot larger distances with high precision, the sniper rifle market is projected to progress tremendously in the coming years. The rising demand for maintaining a sufficient stock of weapons and ammunition, which is further leading to an increase in the number of arms imports is also anticipated to drive the market growth.