Sniper Rifle Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Military Expenditure
- Geopolitical Strain Leading to the Rising Need Amongst Nations to Maintain Ammunition Stock
Challenges
- Strict Regulatory Norms to Control the Proliferation of Weapons
Sniper Rifle Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
5.3% |
|
Base Year Market Size (2024) |
USD 151.94 million |
|
Forecast Year Market Size (2037) |
USD 297.33 million |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of sniper rifle is estimated at USD 158.78 million.
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.
North America industry is expected to dominate majority revenue share by 2037, backed by rising need amongst the defense forces for advanced ammunitions.
The major players in the market are Barrett Firearms Manufacturing Inc., Heckler & Koch Group, Vista Outdoor Inc. (Remington Arms), Accuracy International Ltd., SNT Motiv Co., Ltd., FN Herstal, S.A., Knights Armament Co., Savage Arms, Inc., Zastava Arms, PGW Defence Technologies Inc., among others.
