The growing need for live fire drills and the production of the latest sophisticated firearms is driving the growth of the shooting ranges market. However, the availability of space to set up a shooting range and the high initial cost may hamper the growth of the market. In addition, the combination of the old shooting range restructuring with other skills is expected to create market opportunities for the market during the forecast period.
In addition, an increase in the number of shooting ranges is being developed across the globe. This growth is largely being driven by the growing popularity of shooting sports and the need for safe and controlled environments for target shooting and firearms training. Overall, the shooting ranges market is expected to continue to grow as more people become interested in shooting sports and the demand for firearms training and personal protection continues to increase. This growth is likely to create opportunities for businesses operating in the shooting range industry, including shooting range developers, equipment manufacturers, and shooting sports retailers.
The market is segmented into type, product type, end-user, and region. The type segment is divided into indoor shooting ranges and outdoor shooting ranges. In terms of product type, the market is segmented into virtual simulators, fixed targets, and moving targets. The end-user segment is further divided into military and civil. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Competitive analysis and profiles of the major shooting ranges market players include Action Target, Inc., Cubic Corporation, Laser Shot, Inc., InVeris Training Solutions, Zen Technologies Ltd., Polytronic International AG, Range Systems, Inc., SAAB AB, Theissen Training Systems Gmbh, Virtra Training Systems, Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the shooting ranges market analysis from 2021 to 2031 to identify the prevailing shooting ranges market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the shooting ranges market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global shooting ranges market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Indoor Shooting Range
- Outdoor Shooting Range
By Product Type
- Fixed Targets
- Moving Targets
- Virtual Simulators
By End-User
- Military
- Civil
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- InVeris Training Solutions
- Action Target, Inc.
- Range Systems, Inc.
- Laser Shot, Inc.
- Virtra Training Systems, Inc.
- Saab AB
- Zen Technologies Ltd
- Polytronic International AG
- Theissen Training Systems GmbH
- Cubic Corporation
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Table of Contents
Executive Summary
The Shooting Range Market is expected to experience a significant growth rate of 8.3% from 2022 to 2031 owing to a rise in investments made by law enforcement and military agencies in shooting training.Shooting ranges are regulated, environmental facilities are designed for weapons training and research, and often archery. It can be indoors or outdoors, in the suburbs or in the woodlands. Shooting is a basic skill that every soldier needs and is improved through rigorous and long-term training. A shooting range is a facility that provides specialized facilities in a safe location for training and practicing shooting sports such as board games, archery, and shooting. A shooting range designed to provide a safe atmosphere for firearms training fits this requirement.
The major drivers for the market growth are a growing preference for shooting as a form of entertainment, an increasing number of countries allowing their citizens to use weapons for self-defense, and a growing demand for technologically advanced weapons to train soldiers. However, the high initial cost of setting up a shooting range and the availability of space may hamper the growth of the market. Moreover, the combination of restructuring the old shooting range with other skills is expected to create market opportunities for the shooting ranges market during the forecast period.
In addition, rise of gun ownership in the U.S., more individuals are seeking out training to learn how to use firearms safely and effectively. Additionally, some individuals may seek out shooting range training for personal defense purposes, such as to protect themselves and their families. Moreover, technological advancements, such as the development of virtual shooting ranges and training simulators. These technologies can provide a more cost-effective and flexible alternative to traditional shooting range training, particularly for individuals or organizations with limited resources or access to physical shooting ranges creating lucrative growth opportunities for the shooting ranges market.
Furthermore, guns are the most basic weapon a soldier has on the battlefield. The presence of geographically complex regions and the limited range of heavy weapons systems have increased reliance on small arms among soldiers. This led to a focus on training each soldier to become proficient in gunnery through Wehrmacht training. The availability of easy-to-install, inexpensive assemblies and the need for all soldiers to be trained in weapons have increased the demand for firing ranges in the global defense sector further providing market opportunities for the shooting range market.
Moreover, consumer preferences for certain types of firearms, such as handguns, rifles, and snipers, because of the advanced training required which may also impact the market. In addition, geopolitical events can also impact the shooting ranges market. For instance, conflicts or political instability in certain regions may increase demand for firearms and ammunition training, particularly in regions with weak law enforcement or where citizens may feel a need to protect themselves.
The market also offers growth opportunities to the key players in the market. Numerous national, national, and international competitions are held around the world, offering attractive prizes and recognition to participants. With an increasing number of young people turning to sports and favoring low-key shooting as a career option, shooting ranges are in high demand around the world.
The shooting ranges market is segmented into type, product type, end-user, and region. The type segment is divided into indoor shooting ranges and outdoor shooting ranges. In terms of product type, the market is segmented into virtual simulators, fixed targets, and moving targets. The end-user segment is further divided into military and civil. By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and the Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and the Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Key players operating in the global shooting ranges market include Action Target, Inc., Cubic Corporation, Laser Shot, Inc., InVeris Training Solutions, Zen Technologies Ltd., Polytronic International AG, Range Systems, Inc., Saab AB, Theissen Training Systems GmbH, Virtra Training Systems, Inc. The players in the market have been actively engaged in the adoption of various strategies such as agreements, contracts, and product launches, to remain competitive and gain an advantage over the competitors in the market. For instance, in August 2022, Virtra Training Systems, Inc. received an order worth $0.9 million from a Canadian law enforcement agency. Virtra provides multiple V-100 and V-180 simulators and associated tools and accessories designed for simulator training, including drop-in recoil kits and V-Author scenario authoring software.
Key Market Insights
- By type, the outdoor shooting range segment is expected to register significant growth during the forecast period.
- By product type, the virtual simulators segment is anticipated to exhibit significant growth in the near future.
- By end-user, the military segment is projected to lead the global shooting ranges market owing to a higher CAGR.
- By region, LAMEA is anticipated to register the highest CAGR during the forecast period.
Companies Mentioned
- InVeris Training Solutions
- Action Target, Inc.
- Range Systems, Inc.
- Laser Shot, Inc.
- Virtra Training Systems, Inc.
- Saab AB
- Zen Technologies Ltd
- Polytronic International AG
- Theissen Training Systems GmbH
- Cubic Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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