The global shooting ranges market size reached US$ 1.2 billion in 2023. The market is projected to reach US$ 2.3 billion by 2032, exhibiting a growth rate (CAGR) of 7.29% during 2023-2032. The growing interest in shooting sports, the rising expenditure capacities of consumers, and the increasing defense and law enforcement budgets, are some of the key factors driving the market.
Shooting ranges are controlled environmental facilities designed to practice and develop shooting skills. They are either indoor, outdoor, or virtual, located generally on the outskirts of a city or nearby forested areas. They include various components, such as firing points, targets, backstops, wind flags, and lights, and offer a variety of shooting options, including handguns, rifles, shotguns, and archery. Shooting ranges are used for fun and engaging shooting activities, improving skills in shooting sports or self-defense, testing firearms for accuracy, reliability, and performance, and developing skills. In addition, shooting helps to build self-esteem, and confidence, improve physical and mental health, relieve stress, and increase strength, stamina, and hand-and-eye coordination. As a result, shooting ranges are used by defense, military, and law enforcement personnel, for training purposes.
2. What is the expected growth rate of the global shooting ranges market during 2024-2032?
3. What are the key factors driving the global shooting ranges market?
4. What has been the impact of COVID-19 on the global shooting ranges market?
5. What is the breakup of the global shooting ranges market based on the type?
6. What is the breakup of the global shooting ranges market based on the product type?
7. What is the breakup of the global shooting ranges market based on the application?
8. What are the key regions in the global shooting ranges market?
9. Who are the key players/companies in the global shooting ranges market?
Shooting ranges are controlled environmental facilities designed to practice and develop shooting skills. They are either indoor, outdoor, or virtual, located generally on the outskirts of a city or nearby forested areas. They include various components, such as firing points, targets, backstops, wind flags, and lights, and offer a variety of shooting options, including handguns, rifles, shotguns, and archery. Shooting ranges are used for fun and engaging shooting activities, improving skills in shooting sports or self-defense, testing firearms for accuracy, reliability, and performance, and developing skills. In addition, shooting helps to build self-esteem, and confidence, improve physical and mental health, relieve stress, and increase strength, stamina, and hand-and-eye coordination. As a result, shooting ranges are used by defense, military, and law enforcement personnel, for training purposes.
Shooting Ranges Market Trends
The growing interest in shooting sports across the globe is one of the key factors driving the market growth. Shooting sports are becoming popular as a recreational and competitive sport as it is a physically demanding activity that helps promote health and wellness and improve hand-eye coordination and concentration. In line with this, the increasing demand for safe and controlled environments to practice and develop shooting skills is acting as another growth-inducing factor. Moreover, the rising inclination toward shooting among millennials owing to the easy availability of affordable and high-quality firearms, ammunition, and accessories is favoring the market growth. Apart from this, the introduction of virtual shooting ranges that helps individuals to practice shooting in a simulated environment and provides a safe and controlled facility, which in turn is providing an impetus to the market growth. Additionally, the widespread utilization of shooting ranges by military and law enforcement personnel to train and maintain their shooting skills is propelling the market growth. Furthermore, the development of modular shooting ranges that use prefabricated panels and components to create customizable shooting environments and offer mobility, flexibility, and cost-effectiveness is creating a positive outlook for the market. Other factors, including increasing defense and law enforcement budgets, rising shooting sports competitions, integration of smart technologies, increasing territorial conflicts, rising expenditure capacities of consumers, and the implementation of various government initiatives to build safe shooting ranges, are anticipated to drive the market growth.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global shooting ranges market, along with forecasts at the global, regional, and country levels from 2023-2032. The report has categorized the market based on type, product type, and application.Type Insights:
- Indoor Shooting Range
- Outdoor Shooting Range
Product Type Insights:
- Fixed Targets
- Moving Targets
- Virtual Simulators
Application Insights:
- Military
- Civil
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global shooting ranges market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Action Target Inc., ATS Targets, Cubic Corporation, ELI Military Stimulations, InVeris Training Solutions, Laser Shot Inc., Polytronic International AG, Range Systems Inc., T.T.S. Theissen Training Systems GmbH, Zen Technologies Limited, etc.Key Questions Answered in This Report
1. How big is the global shooting ranges market?2. What is the expected growth rate of the global shooting ranges market during 2024-2032?
3. What are the key factors driving the global shooting ranges market?
4. What has been the impact of COVID-19 on the global shooting ranges market?
5. What is the breakup of the global shooting ranges market based on the type?
6. What is the breakup of the global shooting ranges market based on the product type?
7. What is the breakup of the global shooting ranges market based on the application?
8. What are the key regions in the global shooting ranges market?
9. Who are the key players/companies in the global shooting ranges market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Shooting Ranges Market
6 Market Breakup by Type
7 Market Breakup by Product Type
8 Market Breakup by Application
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Action Target Inc.
- ATS Targets
- Cubic Corporation
- ELI Military Stimulations
- InVeris Training Solutions
- Laser Shot Inc.
- Polytronic International AG
- Range Systems Inc.
- T.T.S. Theissen Training Systems GmbH
- Zen Technologies Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 1.2 Billion |
| Forecasted Market Value ( USD | $ 2.3 Billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
