The Shooting Ranges Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Shooting Ranges Global Market Report 2024, The shooting ranges market size has grown strongly in recent years. It will grow from $1.13 billion in 2023 to $1.22 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to rising self-defense training, growing indoor and outdoor sports, a rise in law enforcement training, rising demand for well-equipped shooting facilities, and a and a rising preference for guns.
The shooting ranges market size is expected to see strong growth in the next few years. It will grow to $1.70 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to an increase in recreational shooting activities, increasing contemporary shooting equipment, increasing civilian firearms, increasing defense budgets, and increasing adoption of smart range technologies. Major trends in the forecast period include the development of virtual stimulators, innovation in shooting range technologies, developing soundproofing technologies, integrating wireless target setup systems, and the and the installation of advanced defense training platforms.
The rising recreational activities are expected to propel the growth of the shooting ranges market going forward. Recreational activities refer to leisure pursuits that individuals engage in during their free time for enjoyment, relaxation, and entertainment. The rise in recreational activities can be attributed to increasing disposable income, growing awareness of health benefits, and enhanced access to recreational facilities and infrastructure. Shooting ranges contribute to rising recreational activities by offering a unique and engaging experience for enthusiasts and beginners and providing a safe environment for individuals to practice shooting skills, participate in competitions, and enjoy social activities. For instance, in 2023, according to the Outdoor Industry Association, a US-based trade organization, the number of outdoor recreation participants grew by 2.3%, reaching 168.1 million people in 2023. Therefore, the rising recreational activities are driving the growth of the shooting ranges market.
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The shooting ranges market covered in this report is segmented –
1) By Type: Indoor Shooting Range, Outdoor Shooting Range
2) By Product: Fixed Targets, Moving Targets, Virtual Simulators
3) By Application: Military Training, Self-Defense, Training Recreation, Other Applications
Major companies operating in the shooting ranges market are focusing on developing innovative solutions, such as shooting stalls, to provide users with a more dynamic and engaging experience. A shooting stall is an individual shooting lane or booth within a shooting range designed to give shooters a controlled and safe environment. Each stall typically accommodates one shooter at a time and is equipped with necessary safety features and amenities to ensure a secure and efficient shooting experience. For instance, in January 2022, Action Target Inc., a US-based shooting range equipment manufacturer, introduced Citadel Shooting Stall to its industry-leading shooting stall lineup. The Citadel features stunning floor-to-ceiling LED lighting that highlights its modern design, emphasizing strong lines and customizable bold materials to elevate any range’s aesthetics to a high level of sophistication. The stall also includes a customizable holographic lane number projection system to match your business and range facility’s branding needs. Shooters will appreciate its deeper footprint for enhanced privacy, while sizable ballistic glass panels ensure high visibility and promote safety on the range.
The shooting ranges market report table of contents includes:
1. Executive Summary
2. Shooting Ranges Market Characteristics
3. Shooting Ranges Market Trends And Strategies
4. Shooting Ranges Market – Macro Economic Scenario
5. Global Shooting Ranges Market Size and Growth
….
32. Global Shooting Ranges Market Competitive Benchmarking
33. Global Shooting Ranges Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Shooting Ranges Market
35. Shooting Ranges Market Future Outlook and Potential Analysis
36. Appendix
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