A growing number of enthusiasts are embracing airsoft guns for recreational and sport shooting purposes and activities. Airsoft guns allow players to simulate various battle scenarios and combat situations in an engaging yet safe environment.
The global Airsoft Guns Market is estimated to be valued at US$ 2 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing popularity of outdoor adventure sports and activities among millennials and generation Z consumers is primarily driving the airsoft guns market. Airsoft sports involve simulated battle games played by two opposing teams using airsoft gun replicas that fire plastic projectiles. They provide an exciting experience of battlefield scenarios and tactical combat without the risk of actual injuries. Furthermore, airsoft fields and arenas are witnessing increased footfall as they offer entertaining team-based sporting events and championships regularly. Rising interest of consumers in adrenaline-pumping options for adventure, recreation and skill development is fueling the demand for airsoft guns worldwide. Growing youth participation in adventure sports and live action role-playing games (LARPs) is further expected to boost the market growth over the forecast period.
SWOT Analysis
Strength: Airsoft guns offer a cheaper alternative to military simulation training as compared to using real firearms. They help develop skills like teamwork, tactics, and strategy in a safe manner.
Weakness: Airsoft guns resemble real firearms which can cause legal issues and safety concerns if not properly labeled. Regulations vary across countries which poses challenge.
Opportunity: Growing popularity of airsoft sports and recreational activities provide scope for increasing participation. Emergence of organized leagues and tournaments also boost the market.
Threats: Stricter gun control laws and regulations in some regions act as a barrier. Substitution threat from laser tag and virtual reality based military simulation training.
Key Takeaways
The Global Airsoft Guns Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global Airsoft Guns Market is estimated to be valued at US$ 2 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030.
Regional analysis Asia Pacific dominates the market currently owing to high participation in airsoft sports in countries like Japan and China. The number of airsoft fields and players have increased manifold in the last few years in the region.
Key players operating in the airsoft guns market are GrainPro Inc., PackFreshUSA, ShieldPro Flexible Packaging, SorbentSystems, IMPAK Corporation, Green Storage Ltd., LPS Industries LLC, Seal King Europe B.V., TPB Plastech Limited, Integra Packaging. These companies are focusing on product innovation and customization as per the changing preferences of players. For instance, GrainPro Inc. offers durable, triple layered hermetic postharvest storage bags for dry commodities that help extend shelf life without refrigeration.
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