Global Hunting Accessories Market by Type (Hunting Rifles & Guns, Bow & Arrow, Binoculars, Weapon Ammunition, and Others), Game Species (Big Game, Small Game, Migratory Bird, and Others), Sales Channel (Online and Offline), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032

Hunting Accessories Overview

Hunting accessories refer to the various tools, equipment, and gears used by hunters to enhance their hunting experience and improve their chances of success. These accessories are designed to assist hunters in different aspects of their pursuit, including tracking, targeting, shooting, camouflage, safety, and overall convenience. Binoculars are one of the popular optical devices used to magnify distant objects, allowing hunters to observe game animals from a distance and assess their size, behavior, and other relevant details.

A rifle scope is an optical sighting device mounted on a hunting rifle to provide magnification and enhance accuracy for precise shot placement. A specialized knife designed for hunting purposes, used for field dressing game animals, skinning, and other general outdoor tasks. Specialized clothing designed for hunting, including camouflage patterns that help hunters merge into their surroundings and remain undetected by game animals. Other accessories include gloves, hats, and face masks for concealment and protection.

Global Hunting Accessories Market Analysis

The global hunting accessories market size was $20,294.4 million in 2022 and is predicted to grow with a CAGR of 7.9%, by generating a revenue of $43,084.3 million by 2032.

Source: Research Dive Analysis

COVID-19 Impact on Global Hunting Accessories Market

The COVID-19 outbreak and subsequent lockdowns had a significant impact on the global economy, including various industries. Non-essential businesses, including hunting gear and accessories stores, faced temporary closures or restrictions on their operations, leading to a decline in sales. Moreover, during the pandemic, priorities and spending habits of the public changed. With social distancing norms and limited recreational activities, some individuals turned to outdoor activities such as hunting as a way to stay active and engaged. This shift in consumer behavior potentially led to increase in demand for hunting accessories. Furthermore, the global supply chain was severely disrupted due to lockdown measures, transportation restrictions, and factory closures. Therefore, manufacturers and retailers of hunting accessories faced challenges in sourcing raw materials, production delays, and distribution issues, which impacted the availability of certain products and led to price fluctuations.

The pandemic accelerated the growth of e-commerce and online shopping. Many hunting accessory retailers, including both large and small businesses, turned to online sales channels to reach customers during lockdowns. This shift to online retail provided new opportunities for businesses to cater to customers' needs and potentially mitigate the impact of physical store closures.

Increasing Popularity of Hunting to Drive the Market Growth

Hunting is often considered a recreational activity or sport by many individuals. As more human beings are seeking outdoor activities for entertainment and adventure, hunting provides an opportunity to connect with nature and experience the thrill of the chase. This developing interest in leisure hunting leads to a higher demand for hunting accessories such as firearms, ammunition, camouflage clothing, hunting blinds, tree stands, and various gears. Moreover, hunting plays a vital role in wildlife management and conservation efforts. It helps maintain healthy populations of game species and controls the populations of certain animals to prevent overpopulation and ecological imbalance.

As conservation awareness increases and more individuals are getting involved in hunting as a means to actively participate in wildlife management. This trend contributes to the increase in demand for hunting accessories that aid in hunting effectively and responsibly. In areas where hunting is an integral part of the local culture and traditions, the interest and participation in hunting activities remain strong across generations. The passing down of hunting traditions and the desire to preserve cultural heritage drive the demand for hunting accessories. This includes specialized gear and equipment that align with traditional hunting practices, such as traditional bows, arrows, and other culturally relevant accessories. These factors are anticipated to boost the hunting accessories market demand in the coming years.

To know more about global hunting accessories market opportunities, get in touch with our analysts here.

Stringent Regulations to Restrain the Market Growth  

Stringent regulations are projected to limit the availability of certain hunting accessories that are deemed harmful or pose risks to wildlife, ecosystems, or human safety. For example, certain types of traps, snares, or electronic calling devices may be restricted or prohibited in some regions. This restriction can limit the range of products that manufacturers and retailers can offer to hunters. Moreover, regulations can define specific requirements for hunting equipment, such as caliber restrictions for firearms or minimum draw weights for bows. These limitations can impact the design, manufacturing, and sale of hunting accessories, as they must comply with the legal specifications set by regulatory authorities.

Manufacturers may need to invest in R&D to create compliant products, leading to additional costs and potential market constraints. Furthermore, stringent regulations can also impact the international trade of hunting accessories. Certain countries may impose import or export restrictions on specific hunting products, such as ivory, certain animal hides, or endangered species parts. These trade restrictions can affect the availability and market dynamics of hunting accessories globally, which is anticipated to hamper the hunting accessories market growth in the upcoming years.

Technological Advancements to Drive Excellent Opportunities

Technological advancements have led to the creation of advanced scopes with features like night vision, thermal imaging, and range finding capabilities. Companies can focus on developing scopes with improved image quality, longer battery life, and integration with digital devices such as smartphones or tablets. Moreover, trail cameras play a vital role in scouting game and gathering valuable data. Companies can capitalize on the demand for trail cameras that offer higher resolution images, longer battery life, wireless connectivity for real-time data transfer, and advanced motion sensors for improved detection accuracy. Furthermore, rangefinders are essential tools for hunters to accurately determine the distance between themselves and their targets.

Developing rangefinders with features like angle compensation, target tracking, and Bluetooth connectivity for data sharing can attract the attention of hunting enthusiasts. Moreover, GPS devices have become indispensable for hunters, aiding in navigation, tracking, and marking hunting spots. Companies can explore opportunities to develop GPS devices specifically tailored to the needs of hunters, including rugged designs, long battery life, offline maps, and integration with other hunting accessories.

To know more about global hunting accessories market opportunities, get in touch with our analysts here.

Global Hunting Accessories Market Share, by Type, 2022

Source: Research Dive Analysis

The hunting rifles & guns sub-segment accounted for the highest market share in 2022. Hunting remains a popular recreational activity and sport in many regions leading to a rising demand for hunting accessories including rifles and guns. As more people engage in hunting, the demand for hunting rifles and guns increases. Moreover, the regulatory environment around hunting plays a significant role in driving the demand for hunting rifles and guns. Regulations regarding hunting seasons, bag limits, and permitted firearms influence the purchasing decisions of hunters. Changes in regulations such as relaxation of firearm restrictions, can boost the demand for hunting rifles and guns. Furthermore, advancements in rifle and gun technology have led to improved accuracy, range, and ease of use.

Global Hunting Accessories Market Share, by Game Species, 2022

Source: Research Dive Analysis

The big game sub-segment accounted for the highest market share in 2022. Big game hunting is often seen as a thrilling and challenging pursuit. Hunting large game animals requires skill, strategy, and patience, making it an attractive activity for experienced hunters looking for a greater challenge. The excitement and sense of accomplishment associated with successfully hunting big game contribute to the demand for specific accessories tailored for this segment. Moreover, hunting big game is regulated by wildlife management programs aimed at maintaining healthy population levels and preserving ecological balance. These programs often implement hunting quotas and specific regulations. Hunters who participate in these programs require specialized accessories to comply with regulations and ensure ethical and sustainable hunting practices.

Global Hunting Accessories Market Share, by Sales Channel, 2022

Source: Research Dive Analysis

The offline sub-segment accounted for the highest market share in 2022. Offline stores provide customers with a personalized shopping experience, allowing them to physically examine and test products before making a purchase. This hands-on experience is particularly important for hunting accessories, as customers often prefer to check the quality, fit, and functionality of products such as firearms, optics, clothing, and footwear. Moreover, offline stores allow customers to have immediate access to hunting accessories, eliminating the need to wait for shipping or delivery. This factor is especially crucial for hunting gear, as hunters often have specific requirements based on seasonality, weather conditions, or upcoming hunting trips, necessitating immediate availability. Furthermore, offline stores create opportunities for hunters to interact with like-minded individuals, exchange experiences, and build a sense of community. These stores often host events, seminars, and workshops related to hunting, where enthusiasts can gather, learn, and connect with others who share their passion.

Global Hunting Accessories Market Size & Forecast, by Region, 2022-2032 ($Million)

Source: Research Dive Analysis

The North America hunting accessories market generated the highest revenue in 2022. North America has a strong hunting culture with a significant number of hunters and outdoor enthusiasts. The popularity of hunting as a recreational activity and a means of procuring food drives the demand for hunting accessories. Moreover, hunting plays a crucial role in wildlife management and conservation efforts in North America. State and federal regulations often require hunters to use specific hunting accessories, such as hunting blinds, tree stands, game calls, decoys, and trail cameras, to ensure ethical and sustainable hunting practices. Furthermore, continuous product innovation in the hunting accessories market has been a major growth driver for the North America hunting accessories market. Manufacturers in the region are constantly introducing new and improved hunting gear, including high-quality firearms, ammunition, optics, and accessories, which attract hunters seeking enhanced performance and functionality.

Competitive Scenario in the Global Hunting Accessories Market

Source: Research Dive Analysis

Investment and agreement are common strategies followed by major market players. In July 2022, Beretta Holding S.A. completed the acquisition of RUAG Ammotec Group. The acquisition added 16 companies in 12 different countries and 2,700 people to Beretta Holding Group. As a result of the acquisition, Beretta Holding will have the most complete offering of premium products, which includes small arms, ammunition, optics, clothing, accessories, and electro-optics.

Some of the leading hunting accessories market players are American Outdoor Brands Corp., Sturm Ruger and Co. Inc., Beretta Holding SA, Dick’s Sporting Goods, Inc., BPS Direct LLC, SPYPOINT, Buck Knives, Inc., Vista Outdoor Inc., Under Armour, Inc., and Spyderco, Inc.  

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.5.Market size estimation

1.5.1.Top-down approach
1.5.2.Bottom-up approach

2.Report Scope

2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on Global hunting accessories market

3.Executive Summary

4.Market Overview

4.1.Introduction
4.2.Growth impact forces

4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities

4.3.Market value chain analysis

4.3.1.List of raw material suppliers
4.3.2.List of manufacturers 
4.3.3.List of distributors

4.4.Innovation & sustainability matrices

4.4.1.Technology matrix
4.4.2.Regulatory matrix

4.5.Porter’s five forces analysis

4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity

4.6.PESTLE analysis

4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.Technological
4.6.5.Environmental

4.7.Impact of COVID-19 on hunting accessories market

4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario

5.Hunting Accessories Market Analysis, by Type

5.1.Overview
5.2.Hunting Rifles & Guns

5.2.1.Definition, key trends, growth factors, and opportunities
5.2.2.Market size analysis, by region, 2022-2032
5.2.3.Market share analysis, by country, 2022-2032

5.3.Bow & Arrow

5.3.1.Definition, key trends, growth factors, and opportunities
5.3.2.Market size analysis, by region, 2022-2032
5.3.3.Market share analysis, by country, 2022-2032

5.4.Binoculars

5.4.1.Definition, key trends, growth factors, and opportunities
5.4.2.Market size analysis, by region, 2022-2032
5.4.3.Market share analysis, by country, 2022-2032

5.5.Weapon Ammunition

5.5.1.Definition, key trends, growth factors, and opportunities
5.5.2.Market size analysis, by region, 2022-2032
5.5.3.Market share analysis, by country, 2022-2032

5.6.Others

5.6.1.Definition, key trends, growth factors, and opportunities
5.6.2.Market size analysis, by region, 2022-2032
5.6.3.Market share analysis, by country, 2022-2032

5.7.Research Dive Exclusive Insights

5.7.1.Market attractiveness
5.7.2.Competition heatmap

6.Hunting Accessories Market Analysis, by Game Species  

6.1.Big Game

6.1.1.Definition, key trends, growth factors, and opportunities
6.1.2.Market size analysis, by region, 2022-2032
6.1.3.Market share analysis, by country, 2022-2032

6.2.Small Game

6.2.1.Definition, key trends, growth factors, and opportunities
6.2.2.Market size analysis, by region, 2022-2032
6.2.3.Market share analysis, by country, 2022-2032

6.3.Migratory Bird

6.3.1.Definition, key trends, growth factors, and opportunities
6.3.2.Market size analysis, by region, 2022-2032
6.3.3.Market share analysis, by country, 2022-2032

6.4.Others

6.4.1.Definition, key trends, growth factors, and opportunities
6.4.2.Market size analysis, by region, 2022-2032
6.4.3.Market share analysis, by country, 2022-2032

6.5.Research Dive Exclusive Insights

6.5.1.Market attractiveness
6.5.2.Competition heatmap

7.Hunting Accessories Market Analysis, by Sales Channel

7.1.Online

7.1.1.Definition, key trends, growth factors, and opportunities
7.1.2.Market size analysis, by region, 2022-2032
7.1.3.Market share analysis, by country, 2022-2032

7.2.Offline

7.2.1.Definition, key trends, growth factors, and opportunities
7.2.2.Market size analysis, by region, 2022-2032
7.2.3.Market share analysis, by country, 2022-2032

7.3.Research Dive Exclusive Insights

7.3.1.Market attractiveness
7.3.2.Competition heatmap

8.Hunting Accessories Market, by Region

8.1.North America

8.1.1.U.S.

8.1.1.1.Market size analysis, by Type, 2022-2032
8.1.1.2.Market size analysis, by Game Species, 2022-2032
8.1.1.3.Market size analysis, by Sales Channel, 2022-2032

8.1.2.Canada

8.1.2.1.Market size analysis, by Type, 2022-2032
8.1.2.2.Market size analysis, by Game Species, 2022-2032
8.1.2.3.Market size analysis, by Sales Channel, 2022-2032

8.1.3.Mexico

8.1.3.1.Market size analysis, by Type, 2022-2032
8.1.3.2.Market size analysis, by Game Species, 2022-2032
8.1.3.3.Market size analysis, by Sales Channel, 2022-2032

8.1.4.Research Dive Exclusive Insights

8.1.4.1.Market attractiveness
8.1.4.2.Competition heatmap

8.2.Europe

8.2.1.Norway

8.2.1.1.Market size analysis, by Type, 2022-2032
8.2.1.2.Market size analysis, by Game Species, 2022-2032
8.2.1.3.Market size analysis, by Sales Channel, 2022-2032

8.2.2.Finland

8.2.2.1.Market size analysis, by Type, 2022-2032
8.2.2.2.Market size analysis, by Game Species, 2022-2032
8.2.2.3.Market size analysis, by Sales Channel, 2022-2032

8.2.3.Russia

8.2.3.1.Market size analysis, by Type, 2022-2032
8.2.3.2.Market size analysis, by Game Species, 2022-2032
8.2.3.3.Market size analysis, by Sales Channel, 2022-2032

8.2.4.Germany

8.2.4.1.Market size analysis, by Type, 2022-2032
8.2.4.2.Market size analysis, by Game Species, 2022-2032
8.2.4.3.Market size analysis, by Sales Channel, 2022-2032

8.2.5.UK

8.2.5.1.Market size analysis, by Type, 2022-2032
8.2.5.2.Market size analysis, by Game Species, 2022-2032
8.2.5.3.Market size analysis, by Sales Channel, 2022-2032

8.2.6.Rest of Europe

8.2.6.1.Market size analysis, by Type, 2022-2032
8.2.6.2.Market size analysis, by Game Species, 2022-2032
8.2.6.3.Market size analysis, by Sales Channel, 2022-2032

8.2.7.Research Dive Exclusive Insights

8.2.7.1.Market attractiveness
8.2.7.2.Competition heatmap

8.3.Asia-Pacific

8.3.1.China

8.3.1.1.Market size analysis, by Type, 2022-2032
8.3.1.2.Market size analysis, by Game Species, 2022-2032
8.3.1.3.Market size analysis, by Sales Channel, 2022-2032

8.3.2.Japan 

8.3.2.1.Market size analysis, by Type, 2022-2032
8.3.2.2.Market size analysis, by Game Species, 2022-2032
8.3.2.3.Market size analysis, by Sales Channel, 2022-2032

8.3.3.India

8.3.3.1.Market size analysis, by Type, 2022-2032
8.3.3.2.Market size analysis, by Game Species, 2022-2032
8.3.3.3.Market size analysis, by Sales Channel, 2022-2032

8.3.4.Australia

8.3.4.1.Market size analysis, by Type, 2022-2032
8.3.4.2.Market size analysis, by Game Species, 2022-2032
8.3.4.3.Market size analysis, by Sales Channel, 2022-2032

8.3.5.South Korea

8.3.5.1.Market size analysis, by Type, 2022-2032
8.3.5.2.Market size analysis, by Game Species, 2022-2032
8.3.5.3.Market size analysis, by Sales Channel, 2022-2032

8.3.6.Rest of Asia-Pacific

8.3.6.1.Market size analysis, by Type, 2022-2032
8.3.6.2.Market size analysis, by Game Species, 2022-2032
8.3.6.3.Market size analysis, by Sales Channel, 2022-2032

8.3.7.Research Dive Exclusive Insights

8.3.7.1.Market attractiveness
8.3.7.2.Competition heatmap

8.4.LAMEA

8.4.1.Brazil

8.4.1.1.Market size analysis, by Type, 2022-2032
8.4.1.2.Market size analysis, by Game Species, 2022-2032
8.4.1.3.Market size analysis, by Sales Channel, 2022-2032

8.4.2.Saudi Arabia

8.4.2.1.Market size analysis, by Type, 2022-2032
8.4.2.2.Market size analysis, by Game Species, 2022-2032
8.4.2.3.Market size analysis, by Sales Channel, 2022-2032

8.4.3.Chile

8.4.3.1.Market size analysis, by Type, 2022-2032
8.4.3.2.Market size analysis, by Game Species, 2022-2032
8.4.3.3.Market size analysis, by Sales Channel, 2022-2032

8.4.4.South Africa

8.4.4.1.Market size analysis, by Type, 2022-2032
8.4.4.2.Market size analysis, by Game Species, 2022-2032
8.4.4.3.Market size analysis, by Sales Channel, 2022-2032

8.4.5.Rest of LAMEA

8.4.5.1.Market size analysis, by Type, 2022-2032
8.4.5.2.Market size analysis, by Game Species, 2022-2032
8.4.5.3.Market size analysis, by Sales Channel, 2022-2032

8.4.6.Research Dive Exclusive Insights

8.4.6.1.Market attractiveness
8.4.6.2.Competition heatmap

9.Competitive Landscape

9.1.Top winning strategies, 2022

9.1.1.By strategy
9.1.2.By year

9.2.Strategic overview
9.3.Market share analysis, 2022

10.Company Profiles

10.1.American Outdoor Brands Corp.

10.1.1.Overview
10.1.2.Business segments
10.1.3.Product portfolio
10.1.4.Financial performance
10.1.5.Recent developments
10.1.6.SWOT analysis

10.2.Sturm Ruger and Co. Inc.

10.2.1.Overview
10.2.2.Business segments
10.2.3.Product portfolio
10.2.4.Financial performance
10.2.5.Recent developments
10.2.6.SWOT analysis

10.3.Beretta Holding SA

10.3.1.Overview
10.3.2.Business segments
10.3.3.Product portfolio
10.3.4.Financial performance
10.3.5.Recent developments
10.3.6.SWOT analysis

10.4.Dick’s Sporting Goods, Inc.

10.4.1.Overview
10.4.2.Business segments
10.4.3.Product portfolio
10.4.4.Financial performance
10.4.5.Recent developments
10.4.6.SWOT analysis

10.5.BPS Direct LLC

10.5.1.Overview
10.5.2.Business segments
10.5.3.Product portfolio
10.5.4.Financial performance
10.5.5.Recent developments
10.5.6.SWOT analysis

10.6.SPYPOINT

10.6.1.Overview
10.6.2.Business segments
10.6.3.Product portfolio
10.6.4.Financial performance
10.6.5.Recent developments
10.6.6.SWOT analysis

10.7.Buck Knives, Inc.

10.7.1.Overview
10.7.2.Business segments
10.7.3.Product portfolio
10.7.4.Financial performance
10.7.5.Recent developments
10.7.6.SWOT analysis

10.8.Vista Outdoor Inc.

10.8.1.Overview
10.8.2.Business segments
10.8.3.Product portfolio
10.8.4.Financial performance
10.8.5.Recent developments
10.8.6.SWOT analysis

10.9.Under Armour, Inc.

10.9.1.Overview
10.9.2.Business segments
10.9.3.Product portfolio
10.9.4.Financial performance
10.9.5.Recent developments
10.9.6.SWOT analysis

10.10.Spyderco, Inc.

10.10.1.Overview
10.10.2.Business segments
10.10.3.Product portfolio
10.10.4.Financial performance
10.10.5.Recent developments
10.10.6.SWOT analysis

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