April 12, 2024
Airsoft Guns Market

Airsoft Guns Market Estimated to Witness High Growth Owing to Rising Popularity of Outdoor Sports Activities

The airsoft guns market has witnessed significant growth in recent years owing to the rising popularity of outdoor sports activities such as target practice and simulated combat. Airsoft guns provide realistic simulation of firearms and project 6mm plastic BB pellets at subsonic velocities for recreational target practice and games. They are cost-effective and safer alternatives to real guns with precision designs and ergonomic grips for target acquisition and self-defense practices.

The global airsoft guns market is estimated to be valued at US$ 2.31 Bn in 2024 and is expected to exhibit a CAGR of 13 % over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the airsoft guns are MTI America, VPT (Virtual Physical Therapists), Conversa Health, MindStreet, Inc., MEDRISK, Global Outreach TeleRehabilitation Services, Inc., Empatha, GestureTek Inc., Neuro Rehab Vr, American Well, LiteGait, Doctor On Demand, Inc., Hinge Health, Inc., Care Innovations LLC., and Jintronix. Key opportunities in the market include innovative product designs, simulated combat games and increasing popularity among sports enthusiasts and military personnel for training purposes. Growing participation in adventure sports and outdoor recreational activities has also fuelled the adoption of airsoft guns across key regions globally over the past few years.

Market Drivers

The Global Airsoft Guns Market Demand is primarily driven by the rising popularity of outdoor sports such as target practice, simulated combat and military war games simulations among enthusiasts. Increasing investments by manufacturers in innovative product designs and affordable pricing has further boosted the sales of airsoft guns. Growing participation of both amateur and professional players in simulated combat games and tournaments held globally has accelerated the demand over the recent past.

PEST Analysis

Political: The global airsoft gun market is regulated to some extent to ensure safe usage and avoid misuse for illegal activities. Regulations regarding the import and sale of airsoft guns vary across countries and regions.

Economic: Rising disposable incomes and growing participation in recreational activities have supported the sale of airsoft guns. However, an economic downturn could negatively impact the market as it is discretionary in nature.

Social: Airsoft sports have gained popularity among youth as a recreational activity. Social media influences have also contributed to greater awareness and interest in airsoft guns among new age customers.

Technological: Advancements in materials and internal mechanisms have enhanced the realism offered by airsoft guns. Some guns now feature advanced hop-up systems and precise firing mechanisms for accurate shooting over longer distances resembling real steel firearms. New smart technologies are also being explored for integrating into airsoft guns.

The North American market accounts for the largest share of the global airsoft gun market value due to rising interest in recreational shooting sports. countries like the US and Canada have seen growth in organized airsoft leagues and fields supporting regular gameplay.

The Asia Pacific region is projected to be the fastest growing market for airsoft guns during the forecast period. Countries like Japan, China, South Korea and some Southeast Asian countries have a large player base for airsoft sports. Rising incomes and expanding retail infrastructure in emerging nations will support market growth.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it