Paintball can be played in outdoor as well as indoor settings and this is also a major factor that is driving up the popularity of this sport.Increasing spending on leisure activity and growing per capita disposable income of people around the world are also anticipated to uplift the sales of paintball equipment across the forecast period.
Paintball is a popular team shooting sport where players are eliminated by shooting them with spherical dye-filled capsules popularly known as 'paintballs'. The sport is gaining popularity in developing countries, which is projected to primarily boost shipments of paintball equipment over the next ten years.
Paintball matches are the first aspects that are projected to constrain paintball equipment demand in the future -
- On 26th October 2022, police in Rindge, New Hampshire, United States, reported that a group of people used paintball guns to fire at policemen and firefighters when they arrived at the scene after getting reports of multiple fires being set in the town.
Growing awareness about the benefits of physical activity, a rising number of people opting for leisure activities to reduce mental stress, and increasing demand for teambuilding exercises are also expected to benefit sales of paintball products such as paintball armor, paintball hoppers, paintball shin guards, etc.
New paintball equipment suppliers are focusing on improving the safety of sports through the integration of advanced technologies.The absence of government backing and subsidies for paintball is also expected to restrict paintball gear sales in the long run.
Increasing cases of injury due to paintball weapons among children and growing distrust among people for the sport are other challenges that paintball equipment suppliers will have to face over the coming years. Furthermore, rising popularity and consumer preference for alternate sports such as laser tag and airsoft are also anticipated to hurt paintball equipment sales in the long run through 2034.
These advanced technologies are also expected to make the game more fun and intuitive to play by replicating some aspects of first-person shooter (FPS) video games. The amateur nature of paintball is also a factor that is hurting its popularity and restricting the number of players getting involved.
Expendable Income to Boost Paintball Equipment Sales -
- Increasing spending on leisure and recreational activities, rapid urbanization, the presence of cheap labor, the high availability of low-cost raw materials, and the growing establishment of new centers that provide paintball equipment are other factors that could alter sales of paintball gear going forward. Paintball has recently been gaining popularity in Asian countries and this can primarily be ascribed to the increasing per capita disposable income of people in the globle.
- The increasing interest of people in adventure sports in the aforementioned countries is also expected to benefit market development over the coming years. India and China are estimated to be prime markets in this region across the forecast period.
In December 2022, SMAASH, an acclaimed gaming and entertainment provider based in India, announced the launch of its gaming hub called Smaaash Game On in Jodhpur, Rajasthan.
The gaming hub was also expected to feature paintball and other sports in the future.