Upcoming Trade Shows in for Hunting

The hunting industry is witnessing a dynamic shift as customers' interest in hunting equipment & accessories continues to grow. Encouraged, manufacturers are now heavily investing in product development, manufacturing and innovation in order to meet evolving consumer demands through the introduction of new products. This trend is driving several major players to launch advanced and smart hunting equipment & accessories to cater to the needs of modern hunters. One notable example is American Outdoor Brands Inc., which has become a household name via its diverse range of hunting equipment and accessories. Similarly, Beretta Holding SA has jumped into product diversification and offers its customers products like the 686 silver pigeons I, ultralight classic, and ultralight gold. Among the various segments, ammunition is projected to witness the fastest growth, with a compound annual growth rate (CAGR) of over 8.00% over the forecast period. This growth is fueled by the increasing number of gun users in the commercial sector for hunting purposes. Major ammunition companies are focusing on manufacturing specialized ammunition tailored for hunting. Hornady manufacturing company introduced its new hunter line of ammo in October 2018, which caters to various hunting needs with high precision and effectiveness. The gun & rifles segment remains as the most profitable market segment and is expected to remain on an upward trajectory in the coming years. In 2021, American hunters spent approximately $2.3 billion on hunting equipment (the bulk of it being guns & rifles), according to data from the National Survey of Fishing, Hunting and Wildlife-Associated Recreation, like in 2021. These firearms are utilized for a wide range of hunting activities from varmint to big game hunting worldwide. Manufacturers are anticipated to capitalize on these trends by introducing innovative and technologically advanced products to cater to the diverse needs of hunters, driving further growth and evolution within the industry.