Taking aim: Rising incomes and progun sentiments are expected to stabilize revenue growth

Over the past five years, general improvements in the economy such as rising disposable incomes and consumer sentiment have fueled industry growth. However, regulatory and political outcomes have led to industry declines. Over the five years to 2023, imports are forecast to become a lesser substitute for industry products, consistently declining as a share of domestic demand. In addition, the historical pressure to move operations abroad will continue to subside as the manufacturing sector trends toward domestic manufacturing. In all, rising incomes and progun sentiments are expected to lead to stabilized revenue growth...purchase to read more.

Industry Statistics & Market Size
Revenue
$313m
Annual Growth 13-18
0.1%
Forecast Growth 18-23
Profit
Employment
849
Businesses
19
Market Share of Companies

Industry Threats & Opportunities

  • The industry’s link to the traditional gun industry has played a role in revenue volatility
  • Imports underperformed domestic production, despite a clear price advantage
  • The industry is expected to benefit from positive trends over the next five years
  • Industry Report - Industry SWOT Analysis Chapter

    IBISWorld analysis suggests that the Air Gun and Airsoft Gun Manufacturing industry is in a mature phase of its life cycle. The industry’s contribution to the overall economy, as measured by industry value added (IVA), is forecast to decrease at an annualized rate of 1.4% over the 10 years to 2023, while GDP is expected to grow an annualized 2.2%. While IVA performance that far below typically indicates a declining industry, there are a number of factors that prevent this from being the case when it comes to this industry. The industry’s decline in IVA is actually linked to an earlier surge in growth that was driven by pent up demand. Consequently, the decline that followed was actually, in part, caused by demand normalizing. Mor...purchase to read more.

    Additional Insights for the Air Gun & Airsoft Gun Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Air Gun & Airsoft Gun Manufacturing Industry are

  • Control of distribution arrangements
  • Establishment of brand names
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Time spent on leisure and sports in the Air Gun & Airsoft Gun Manufacturing industry impact industry performance..

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    What's in this report

    What is the Air Gun & Airsoft Gun Manufacturing Industry?

    This industry primarily manufactures air guns and airsoft guns, which are distinct from firearms. Air guns and airsoft guns use air or gas, while firearms burn a propellant. Air guns and airsoft guns are used for hunting, pest control, recreational shooting and competitive sports. Spring-loaded, pneumatic, gas-powered and electric guns are included, but guns designed specifically for paintball are excluded.

    Industry Products
  • Air guns
  • Airsoft guns
  • Other products and services
  • Industry Activities
  • Manufacturing air guns
  • Manufacturing airsoft guns
  • Repairs and service for air and airsoft guns
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Time spent on leisure and sports
  • Number of adults aged 20 to 64
  • Price of plastic materials and resin
  • Trade-weighted index

  • Current Performance
  • Demand dynamics
  • The importance of trade
  • Other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady demand
  • Other trends
  • Table: Air Gun & Airsoft Gun Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Air Gun & Airsoft Gun Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Lawn & Outdoor Equipment Stores
  • Warehouse Clubs & Supercenters
  • E-Commerce & Online Auctions
  • Consumers

  • Key Selling Industries
  • Guns & Ammunition Manufacturing
  • Iron & Steel Manufacturing
  • Machine Shop Services
  • Millwork
  • Plastic & Resin Manufacturing
  • Wire & Spring Manufacturing

  • Products & Services
  • Air guns
  • Airsoft guns
  • Other products and services
  • Chart: Air Gun & Airsoft Gun Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Export and import demand
  • Leisure time
  • Disposable income

  • Major Markets
  • Mass Merchants
  • Other retail
  • Exports
  • Dealers
  • Chart: Major Market Segmentation for the Air Gun & Airsoft Gun Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther costs, marketing, rent and utilities
  • Chart: Cost Structure Benchmarking – Sector vs Air Gun & Airsoft Gun Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Air Gun & Airsoft Gun Manufacturing Industry

  • Industry Globalization
    Crosman,
  • Table: Crosman - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Air Gun & Airsoft Gun Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Air Gun & Airsoft Gun Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Air Gun
  • Any of a type of spring-loaded, pneumatic or CO2-powered pistol, gun or rifle designed for recreation, hunting or competition.
  • Airsoft Gun
  • A type of air-powered gun designed to look like real firearms that fires plastic pellets or discs.
  • Forestock
  • The part of a gun, usually made of wood, running from the front of the trigger guard along the bottom of the barrel to a point about three-fourths of the length of the barrel.
  • Offshore
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Air Gun & Airsoft Gun Manufacturing contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Air Gun & Airsoft Gun Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Air Gun & Airsoft Gun Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Air Gun & Airsoft Gun Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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