Airsoft guns are the replica of real guns utilized in airsoft sports. These are the low power airguns that are particularly designed to shoot airsoft pallets, a non-metallic spherical projectiles manufactured from plastic or biodegradable resin.

Market Dynamics:

Increasing number of airsoft sports event across the globe is a key factor driving growth of the airsoft guns market. For instance, in 2018, it was the 12th anniversary of Fulda Gap Airsoft Scenario Game. There were 800 players and a dozen vendors in support of this game. The 13th anniversary airsoft game is expected to be held during 11th -13th October, 2019 in North Carolina and the expected participants are over 1,000.

Increasing number of mergers within the companies is another factor driving growth of the market. For instance, in 2017, Air Venturi, a manufacturer and importer of airsoft gun, announced its merger with Airsoft SD, airsoft gun and accessory importer. The merger aims to expand Air Venturi's line of pistols, airsoft rifles, and other accessories.

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Market Outlook:

Among product type, handgun segment is expected to gain significant market share in terms of revenue in the global airsoft gun market during the forecast period. This is owing to increasing conversion of airsoft handgun into real. According to the report published on ‘From Replica to Real’ in 2015 by Small Arms Survey (SAS), blank-firing handguns are commonly converted replicas to real, which are made up of harder material.
Furthermore, demand is effected by price, therefore low prices of converted handguns is a key factor for the handguns growth in demand. The converted airsoft handguns are cheaper than the real handguns, which increases the demand for airsoft handguns than other airsoft firearms. As per SAS, in 2014, Libyan black market price for normal handgun was US$ 1,600 - 4,100. However, the price of converted handgun was US$ 125. Therefore, rising demand for airsoft handguns is expected to propel the airsoft guns market growth during the forecast period.

Europe is expected to generate significant revenue in the global airsoft guns market over the forecast period, owing to increasing conversion of replica guns to real guns in the region. According to the report published on ‘From Replica to Real’ in 2015 by Small Arms Survey, in Germany, around 68.5% and 69.9% of firearms seized were converted airsoft guns that were used during the crimes in 2012 and 2013, respectively. Additionally, in 2014, around 40% of seized firearms in the Netherlands were converted guns.

Key Players:

Some of the major players operating in the global airsoft guns market include Colt's Manufacturing Company, LLC, Tokyo Marui Co. Ltd, Lancer Tactical, Umarex, ICS Airsoft, Nova Security Group, Kriss USA, Inc., Systema Professional Training Weapons, Tanaka Works, KWA Airsoft, and Unicorn Hobby Corporation among others.

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