Shooting Ranges Market will Shoot Up to USDm

Shooting Ranges Market will Shoot Up to USD 2,776.39 million with CAGR of 8.00% by 2028

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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