Shotgun Shell Market

Shotgun is a firearm that is intended to fire through a smooth bore using the energy of the explosive in a fixed shotgun shell. Shotgun shells, also known as shotshells, are rimmed, cylindrical cartridges loaded with various small, pellet-like spherical sub-projectiles known as shot and fired through a smoothbore barrel with a tapered constriction at the muzzle to control scattering. Moreover, a shell can sometimes also contain only a single large solid projectile known as a slug, fired usually through a rifled slug barrel. Furthermore, the shell casing usually consists of a paper or plastic tube attached on a brass base that holds a primer, and the shots are normally held in place by a wadding/sabot inside the case. The projectiles are traditionally made of lead, but other metals such as steel, tungsten, and bismuth are also used due to restrictions on lead, and other unusual projectiles such as sabot flechette, rubber balls, rock salt, and magnesium shards also exist. Furthermore, slug shells may be produced using non-lethal projectiles such as rubber and bean bag rounds. The propellant in a shotgun shell burns to create a charge that sends the shots down the barrel and instead of a single bullet, a shotgun shell usually fires multiple pellets that scatter as they exit the muzzle.

COVID-19 Impact Analysis: 
Government across major nations have announced a lockdown due to COVID-19 pandemic resulting in the halt of business. Moreover, due to lockdown manufacturing of both guns and accessories have been halted. The demand for shotguns has declined due to budget cuts in defense sector. Furthermore, due to lockdown the reduced demand for shotguns has directly affected the shotgun shell market. Furthermore, due to social distancing norms, and travel restrictions there was unavailability of labor required for manufacturing of shotgun shell. Shotguns are of high demand in defense sector which is an evolving sector but has been affected due to the pandemic which is expected to recover and drive growth of shotgun shell market post pandemic.  

Top Impacting Factors 

•  Rise in terrorist attacks have increased for better firearms, increase in demand for smart gun technology, and surge in recreation activities drive the growth of the market.
•  High cost of shot guns and government rules & regulation regarding commercial owning of gun hinder the market growth.
•  Rise in participations in shooting sports, increase in use of shotgun in military & defense, and surge in sale of shotguns for personal protection act as an opportunity for market growth. 

Market Trends

Rise in Demand for Smart Gun Technology

Technological advancements such as the Internet of Things (IoT) and the penetration of digitalization is being driven by the growth of smart gun technology. Moreover, smart guns can only be operated by their legal owner preventing unauthorized access and decreasing gun-related injuries and killings. For instance, SAAR, a Switzerland-based company intends to offer smart assault rifles equipped with user identification technology to law enforcement agencies. The company aims to start selling the gun in the second half of 2020. Furthermore, the rise in the use of fingerprint recognition technology is fueling the market growth for smart guns. Thus, the rise in smart gun technology for shotguns is expected to drive the growth of the shotgun shell market.

Key Benefits of the Report:

•  This study presents the analytical depiction of the shotgun shell market along with the current trends and future estimations to determine the imminent investment pockets.
•  The report presents information related to key drivers, restraints, and opportunities along with challenges of the shotgun shell market.
•  The current market is quantitatively analyzed to highlight the growth scenario of the shotgun shell market.
•  The report provides detailed shotgun shell market analysis based on competitive intensity and the competition that will take shape in coming years.

Questions Answered in the Shotgun Shell Market Research Report:

•  Who are the leading market players active in the shotgun shell market?
•  What would be the detailed impact of COVID-19 on the market?
•  What are the current trends that would influence the market in the next few years?
•  What are the driving factors, restraints, and opportunities in the shotgun shell market?
•  What are the future projections that would help in taking further strategic steps? 

 Shotgun Shell Market Report Highlights