The shooting ranges market is anticipated to expand between 2021 and 2028 at a compound annual growth rate of 8.00%. Data Bridge Market Research conducts an analysis of the driving forces behind the market expansion for shooting ranges. The market value will therefore increase dramatically to USD 2,776.39 million by 2028 from USD 1500 million in 2020.
The primary drivers of the market’s expansion include rising consumer choice for sports and fitness activities, particularly in developing nations, and rising personal disposable income. Other indirect market growth drivers include ongoing equipment development, a rise in young people’s demand for qualified experts or trainers, and growing costs for live training systems.
Shooting ranges are a demarcated area set aside for practising with weapons. They are often referred to as gun ranges or firing ranges. Shooting ranges, which were typically created for use by members of the armed forces and police enforcement, are increasingly becoming more and more common as a kind of entertainment. These are safe, environmentally friendly sites that may be used to test guns as well.
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Global Shooting Ranges Market Scope and Market Size
The shooting ranges market is segmented on the basis of activity type, product type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
On the basis of activity type, the shooting ranges market has been segmented into firearms and archery.
On the basis of product type, the shooting ranges market is segmented into indoor shooting range and outdoor shooting range. Indoor shooting range segment is sub-segmented into virtual simulators and targets.
Targets segment is further bifurcated into moving targets and fixed targets. Moving targets segment is sub-bifurcated into dual moving targets, pop-up targets, turning targets. Fixed targets segment is sub-bifurcated into electronic targets and knock-down targets.
Shooting Ranges Market Country Level Analysis
The shooting ranges market is analysed and market size insights and trends are provided by country, activity type, product type and application as referenced above.
North America dominates the shooting ranges market and will continue to flourish its trend of dominance during the forecast period as well owing to the rising use of shooting ranges for training purposes by military. Asia-Pacific will however, register the highest CAGR for the forecast period.
Rising personal disposable income, rapid globalization, westernization, modernization, rise in demand for recreational activities and surge in the investment for the development of ell equipped shooting ranges especially in countries such as India and China are some major market growth determinants for this region.
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Competitive Landscape and Shooting Ranges Market Share Analysis
The major players covered in the shooting ranges market report are:
Saab, Meggitt PLC., InVeris Training Solutions, Theissen Training Systems GmbH., Range Systems, Inc., Polytronic International AG, Shooting Range Industries LLC., ACTION TARGET, Advanced Training Systems LLCs, Cubic Corporation, ELI MILITARY SIMULATIONS, Laser Shot, Inc., Savage., among other domestic and global players.
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