USA Hunting Equipment and Accessories Market

USA Hunting Equipment and Accessories Market Outlook (2023 to 2033)

The USA hunting equipment and accessories market was valued at US$ 15,088.5 million in 2022 and is estimated to be worth at US$ 23,040.2 million by 2033-end. Sales revenue is projected to increase at a CAGR of 4.0% during the forecast period 2023 to 2033.

The demand for hunting equipment is driven by a variety of factors, including hunting regulations, seasonality, and changing consumer preferences. Additionally, the pandemic has had a significant impact on the hunting equipment market. It has been characterized by a noticeable increase in demand for outdoor activities and a surge in firearm sales.

Hunting equipment and accessories are items that are commonly used for hunting animals, usually for sport. Various tools are increasingly being designed to accommodate the specific needs of hunters.

Popular tools for hunting include guns & rifles, bows, knives and ammunition. Supporting accessories include sharpeners, optics, blinds, scent eliminators, trail cameras, communication, and GPS devices, among others.

Rising fishing and hunting interests and increased hunting license sales for wildlife conservation and forest management are crucial contributors to market demand. The proliferation of lead-free ammunition to prevent any negative influence on wildlife and water quality is anticipated to drive the target market during the forecast period 2023 to 2033.

The ability to offer a diverse selection of items that cater to the demands of various types of hunters is critical to the success of hunting equipment producers. Some hunters, for example, may favor classic hunting gear, but others may choose sophisticated, high-tech gadgets.

Manufacturers that can provide variety in their product offerings to appeal to different market segments are more likely to succeed.

Suppliers seeking to succeed in the hunting equipment and accessories industry in the United States should prioritize quality, innovation and matching the evolving tastes of customers. As mentioned earlier, offering a varied selection of products, and developing strong partnerships with their distribution channels would be crucial factors to ensure success in this market.

2018 to 2022 USA Hunting Equipment and Accessories Market Outlook Compared to Demand Forecast from 2023 to 2033

The market has grown moderately during the historical period 2018 to 2022, at a CAGR of 2.7%. This growth has primarily been due to the rising popularity of hunting and the increasing availability of specialized hunting equipment and accessories. The market has been augmented by the demand for firearms, ammunition, and other hunting accessories. Some of these adjacent accessories include hunting knives, binoculars, and camouflage clothing.

The market has likewise been influenced by changing regulatory frameworks related to hunting. Restrictions have been imposed on certain types of hunting equipment, establishment of hunting seasons and bag limits.

The market continues to surge, driven by several key trends. One trend is the increasing popularity of hunting as a sport, particularly among younger generations. Another trend is the growing interest in sustainable and ethical hunting practices, which is driving the demand for high-quality hunting equipment that is designed to minimize harm to animals.

At the same time, the market is likely to face challenges related to changing regulations and restrictions on hunting over the forecast period. Particularly, these regulations involve the use of firearms and ammunition.

There is also increased competition from alternative recreational activities, such as outdoor sports and adventure tourism, which affect sales in the USA hunting equipment and accessories industry.

Key Trends Influencing Growth in the USA Hunting Equipment and Accessories Market

Rising Popularity of Game Hunting in the Post-Pandemic Era

The number of hunters in the USA had been slowly declining for a decade. Officials of states, however, indicated a moderate to significant increase in hunting activities since 2020.

For instance, Michigan saw a 67% rise in new hunters in 2020, when compared to 2019. This involved a 15% increase in female hunters, and moderate growth in younger age groups.

Over the same period, the state also sold 46% apprentice licenses. This is a reduced alternative that enables novice hunters to sample the sport under the guidance of a mentor.

Increased Deer Population Leading to Rise in Demand for Shooting Accessories

The deer population has caused problems for people living in suburban areas. An overgrown deer population can lead to excessive grazing of native flora and natural habitats. This can completely disrupt food chains and ecosystem dynamics in the region. It often jeopardizes survival of other species.

Concentration of the same species in a confined region also increases the danger of disease transmission in the ecosystem.

Compared to other alternatives such as the reintroduction of predators and immuno-contraception, hunting is often considered the best option to regulate the deer population.

Sudip Saha

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What Could Restrict Growth in the USA Hunting Equipment and Accessories Market?

High Prices of Tactical Gear for Hunting Could Hamper Market Expansion

Hunting is a recreational activity, which requires special equipment and gear. Almost all hunters desire to have premium hunting equipment and accessories to ensure a great hunting experience.

As a result, the tactical gear used for hunting is a leading segment in the market. This segment includes equipment like guns and rifles, but also specialized accessories like camouflage clothing. This segment particularly also has a high number of competitors operating in it.

Premium hunting equipment incorporates innovative technology and is made using high-cost manufacturing processes, accounting for a significant portion of this segment. These hunting equipment and accessories are highly priced, which limits their adoption by hunters with low incomes.

Region-wise Outlook

How is the Demand for Hunting Equipment in Texas Shaping?

Diversity of Game Species Providing Opportunities for Hunting Gear Manufacturers

Texas has a large and active hunting community, with over 1 million licensed hunters in the state. This creates significant demand for hunting equipment and accessories, ranging from firearms and ammunition to hunting clothing and boots.

Texas has a diverse range of game species, including deer, wild turkey, quail, and waterfowl, which attracts hunters from all over the country.

This diversity of game creates a need for specialized hunting equipment, such as different types of firearms, bows, arrows, and other hunting accessories.

Texas also has a favorable regulatory environment for hunting, which encourages hunters to invest in high-quality equipment to enhance their hunting experience. This brings a surge in the growth of the hunting equipment market.

Which Region Leading the Hunting Equipment and Accessories Market in the USA?

Personalized Services by Independent Hunting Equipment Retailers Boosting Market Growth in Pennsylvania

Pennsylvania has a history of hunting, with over 900,000 licensed hunters in the state. This creates a significant demand for hunting equipment and accessories in the market.

Following a strong tradition of conservation, the state's Game Commission plays a key role in managing wildlife populations. It also provides regulatory frameworks to ensure sustainable hunting practices.

The Game Commission has effectively helped to foster a culture of responsible hunting and a demand for high-quality hunting equipment that is designed to minimize pain to animals.

Pennsylvania also has number of small and independent hunting equipment retailers, which have been able to compete with larger national chains by offering personalized services and expert advice to hunters.

The growth of e-commerce and online marketplaces has also contributed to the growth of the hunting equipment market in Pennsylvania. Online retailers can now reach a broad audience and offer a wide selection of products. This is enhancing the revenue of the hunting equipment market.

Category-wise Insights

Which Product Type Has High Demand in the USA Market?

Hunting Ammunition to Lead Equipment Sales by Product Type

Ammunition is the preferred hunting equipment accessory in the USA. It is considered an essential component of hunting firearms, which is a primary tool used by hunters in their activities. Without ammunition, firearms are ineffective for hunting purposes.

Hunting ammunition is specifically designed with a focus on accuracy, lethality, and safety. This makes it unique from other types of ammunition that are used for target shooting or self-defense.

Hunting ammunition is designed to quickly and ethically take down game animals with minimal suffering, which is a priority for hunters. This has led to this product’s accelerated demand in the market.

Which is the Significant End-user Segment Contributing to Market Growth?

Individual End-Use Segment to Top Market Revenue Opportunities

In the USA, individual users purchase hunting equipment more frequently than commercial end-users. This is because hunting is a recreational activity, and most hunters purchase hunting equipment for their personal use.

According to a report by the National Shooting Sports Foundation (NSSF) in 2021, over 80% of hunting equipment sales is made to individual end-users.

Commercial users, such as hunting outfitters and professional guides, also purchase hunting equipment in large quantities. However, their needs are typically different from those of individual hunters.

Commercial end-users often require specialized and durable equipment that can withstand heavy use and harsh conditions, and they may require larger quantities of equipment to outfit their clients.

Which Sales Channel is Augmenting Demand for Hunting Equipment in the USA?

Hunting Specialty Stores Preferred by Consumers Across the USA

Hunting is a popular outdoor activity in the USA, and several hunters prefer to shop in stores to get a real-feel of products before making a purchase.

Hunting specialty stores offer a hands-on shopping experience that cannot be replicated online. Proximity to the sales channel is important for customers who want to ensure they are getting the right equipment for their needs.

Hunting specialty stores have developed a loyal customer base over the years by offering personalized services, and hosting events and seminars. This has also helped foster a sense of community among their customers.

The factors listed above have been paramount in driving sales and maintaining the popularity of hunting specialty stores as a sales channel in the market across the USA.

Competitive Landscape

The market for hunting equipment and accessories in the USA is highly fragmented, with several players operating in the market. The market is competitive, with players competing on price, product selection, and customer service.

Several manufacturers in the market differentiate themselves by offering expert advice and specialized services, such as gunsmithing and archery tuning. There has been a trend toward consolidation in the market, as top players acquire smaller companies to expand their product offerings and customer base.

For instance,

• In 2019, Bass Pro Shops acquired Cabela's, creating a key player in the market with a large retail presence and extensive product offerings.
• In July 2022, Beretta Holding S.A. acquired RUAG Ammotec Group. The acquisition brings 16 firms in 12 countries and 2,700 workers to the Beretta Holding Group.
• In December 2021, Vista Outdoor Inc. acquired Stone Glacier, offering Vista a foothold in backpacks, camping gear, and technical apparel.

Scope of the Report

USA Hunting Equipment and Accessories Market Outlook by Category

By Product Type:

• Hunting Equipment
  • Gun and Rifles
  • Bows
  • Knives
  • Ammunition
• Hunting Accessories
  • Sharpeners
  • Hostlers
  • Optics
  • Blinds
  • Scent Eliminators
  • Trail Cameras
  • Communication and GPS Devices
  • Other Accessories

By End-User:

• Individual
• Commercial

By Sales Channel:

• Direct Sales
  • Offline Retail Sales
  • Modern Trade Stores
  • Hunting Specialty Stores
  • Guns Bows and Knife Stores
  • Other Retail Stores
• Online Platforms
  • Company Websites
  • E-Commerce Platforms