by Airsoft guns, also known as pellet guns, ball blasters or replica guns are replica toys that are meant for shooting 6mm plastic BBs with a muzzle velocity that ranges from 80 – 450 feet per second depending upon the strength of spring, battery or CO2 cartridge used. The global airsoft gun market comprises guns that resemble real firearms including pistols, revolvers, sub-machine guns, assault rifles, sniper rifles and more. Besides sporting and recreational purposes, airsoft guns also find usage in military and law enforcement training simulations. Popular brands offering airsoft guns for sports, leisure and tactical training include ICS, G&G, Classic Army, King Arms, Tokyo Marui and APS among others.
The global airsoft guns market is estimated to be valued at US$ 2.00 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key drivers for the growth of airsoft guns market is rising participation in amateur sports activities and events using airsoft guns for recreation. Growing interest of people in LARPing (live action role-playing) and milsim (military simulation) games has been fueling the demand for airsoft guns in the recent past. Moreover, organized airsoft tournaments and leagues at national as well as international level further promote usage of airsoft guns among enthusiasts. Additionally, law enforcement and military organizations across the world increasingly utilize airsoft guns as a safer alternative to live ammunition for training purposes. This is expected to support market growth over the forecast period.
Segment Analysis
The Airsoft Guns Market Size is dominated by the electric sub-segment. Electric airsoft guns are preferred by beginners and professionals alike due to their ease of use and lower maintenance needs compared to spring-powered or gas-powered guns. Electric airsoft guns provide consistent shot power and rate of fire without the need to manually cock back the spring or replace gas canisters. This has resulted in electric airsoft guns capturing around 60% of the overall market share.
PEST Analysis
Political: Airsoft gun regulations vary greatly in different countries and states. In some areas they are treated like real firearms and banned, while others have no restrictions at all. This creates political and regulatory uncertainty.
Economic: The growing popularity of airsoft sports and rising disposable incomes in developing nations is fueling market growth. However, economic slowdowns could negatively impact discretionary consumer spending.
Social: Airsoft guns are socially accepted as a recreational sports equipment in most regions. The development of dedicated airsoft fields and leagues has increased popularity, especially among younger audiences.
Technological: Advancements like upgraded electric motors, efficient battery systems and realistic design aesthetics are driving innovation. 3D printing technology may disrupt the supply chain by enabling individuals to produce custom airsoft gun components.
Key Takeaways
The global airsoft guns market is expected to witness high growth over the forecast period of 2023 to 2030.
Key regional analysis: North America accounts for around 40% of the global market led by U.S. with a large organized player base and fields.
Asia Pacific market is growing at over 15% annually driven by double digit growth in China, Japan and South Korea.
Key players operating in the airsoft guns market 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 players are focusing on product innovations as well as partnerships with airsoft communities to expand presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
