This section of the paintball equipment market report provides a comprehensive analysis of the key market players operating in the global landscape. Few of the profiled market player in the paintball equipment market include G.I.Sportz, Dye Precision Inc., Planet Eclipse Ltd., Valken Inc., Virtue Paintball LLC, Arrow Precision Ltd., Gelkaps Sports Pvt. Ltd., GOG Paintball SA, and HK Army.
Market strategies such as mergers and acquisition adopted by the market players in theÂ paintball equipment marketÂ are offered in this section. For instance, G.I.Sportz carried out three major acquisitions in the past â€" Procaps (2010), Tipmann (2012) and KEE (2015) and have established its recognition as a top player in the paintball equipment brand.
Along with the acquisition, manufacturers are engaged in signing sponsorship agreements to increase their brand visibility. Recent sponsorship agreement between DYE Precision and divisional team Dimension out of Youngstown, Ohio is likely to expose the all-new paintball equipment of DYE Precision.
Tier 2 and Tier 3 Players Focus on Consolidation in Emerging Markets
Tier 2 and Tier 3 paintball equipment manufacturers are focusing on consolidating their presence in the emerging markets, amid challenges such as limited presence in the global paintball equipment marketplace, intense competition from tier 1 companies and poor distribution network, . â€˜Targeted offeringsâ€™ is one of the prime strategies adopted by Tier 2 players, who are actively engaged in introducing new and economic alternatives of different paintball equipment, particularly in the Asia Pacific paintball equipment market. As the market remains fragmented in Asia Pacific and Latin America, tier 2 and tier 3 players in the paintball equipment market are focusing on strengthening their domestic presence. By offering unique products through innovative marketing strategies, small-scale players in the paintball equipment market are seeking broader recognition in the industry.
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Top 2 Companies Hold Two-Third Share of the Paintball Equipment Market
The paintball equipment market continues to remain consolidated among Tier 1 players, wherein top two companies, G.I. Sportz, Inc. and Dye Precision Inc., collectively account for over two-third revenue share. Strategic partnerships and R&D investments are key business expansion strategies adopted by Tier 1 players, who are meanwhile engaged in the vertical integration wherein major investments are focused toward in-house development of reliable & premium paintball equipment. Active engagement of G.I. Sportz with paintball tournament associations and organizations, and Dye Precisionâ€™s efforts toward strengthening its relationship with local distributors, are primary examples of Tier 1 playersâ€™ expansion strategies. Tier 1 paintball equipment manufacturers are also concentrating on providing sponsorships to leagues and championships for enhancing their brand image.
Safety Concerns Continue to Deter Participation and New Equipment Sales
Paintball has witnessed a significant evolution over the past few years, with the introduction of novel equipment developed for enhancing safety of the sport. While manufacturers have introduced advanced and reliable paintball equipment, the sport is facing controversies. Incidences of â€˜paintball warsâ€™ where paintball equipment are being used in place of guns during the acts of vandalism have significantly impacted the overall popularity of the sport. In addition, injuries caused during the sport, particularly among children has negatively influenced the participation rate. Although the injury rate of paintball remains lower as compared to other sports, growing distrust towards the sport can hamper the already smaller consumer base, in turn, influencing the growth of the paintball equipment market.Â
Electro Pneumatic Markers Gain Centerstage as Players Seek Speed & Accuracy in the Sport
Consumer demand for speed and accuracy in shots have led manufacturers in the paintball equipment market to introduce electro pneumatic markers that are more accurate and fire faster. With their superior features, electro pneumatic markers are gradually replacing their traditional counterparts - mechanical markers. Also, electro pneumatic markers allow firing with compressed air, exempting the use of CO2. With design innovations focused on developing safer paintball equipment, manufacturers have introduced a variety of electro pneumatic markers with different internal setups that attract modern paintball lovers. A lightweight design and faster shots of electro pneumatic marker have become popular among all age groups, thereby driving sales of these markers in the paintball equipment market
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