The global hunting equipment and accessories market size was valued at USD 19.90 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030.
The growing inclination towards hunting, increasing revenue from hunting license sales for wildlife conservation and forest management, and the booming safari tourism sector are the factors driving the growth of the industry. Moreover, these products are easy to carry, install, and wear. These advantages will also support the growth of the industry. New designs of ammunition and the growing need for environmental conservation would raise numerous possibilities, leading to an expansion of the market over the forecast period.