Maximize Market Research, a leading Aerospace and defense business consultancy and research firm has published a report on the “Global Shooting Ranges Market ”. The total market opportunity for Global Shooting Ranges Market was USD 1.30 Bn in 2023 and is expected to grow at a CAGR of 7.85 percent through the forecast period, reaching USD 2.21 Bn by 2030.
Global Shooting Ranges Market Report Scope and Research Methodology
Market Size in 2023: USD 1.30 Billion
Market Size in 2030: USD 2.21 Billion
CAGR: 7.85 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 223
No. of Tables: 151
No. of Charts and Figures: 186
Segment Covered: By product, by Sub-product, by Application, by End-user.
Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
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Global Shooting Ranges Market Scope and Research Methodology
The Global Shooting Ranges market uses a bottom-up approach to calculate the industry’s size and growth, thoroughly examining the competitive landscape and market structure. Important conclusions include factors influencing regional and worldwide market growth, obstacles to further growth, and prospective advantages brought about by advances in technology. Insights regarding market leaders, penetration, and demographic influences on the industry are obtained through regional analysis. A deeper understanding of target markets, producers, and the creation of customized advertising campaigns are made possible by the market’s segmentation into product and age groups. To examine the rivalry among market leaders and recent entrants in the global Shooting Ranges market, a competitive matrix is developed. With regard to revenue, financial standing, technological advancements, recent developments, mergers, partnerships, collaborations, and marketing strategies, the report gives a synopsis of each company.
Global Shooting Ranges Market Overview
The global market for shooting ranges is currently stable and marked by technology improvements combined with increasing involvements in shooting sports, as well as concerns about safety and training. The marketplace is divided into indoor and outdoor facilities and serves a variety of customers, specifically army as well as law enforcers and civilians among others. Specific trends are noted that involve combining virtual reality (VR) with augmented reality (AR) in the market, focusing on safety measures with much concern and tourism for those seeking adventure in shooting. Challenges are posed by stringent regulations and high initial investments despite major players including Range systems, Action Target Inc., and Meggitt Training Systems leading the market.
Global Shooting Ranges Market Dynamics
The dynamics of the global shooting ranges market are described by escalating interest propelled by rapid involvement in shooting sports and rising worries on safety and instruction. The top players in the market keep on innovating to maintain their competitive edge even as they face strict regulations and high start-up costs. Nevertheless, it is projected that the market will continue to grow with the rising demand for specialized training facilities in different sectors and expanding niche markets such as shooting tourism.
Global Shooting Ranges Market Regional Insights
Regionally, the North American market is the greatest market for Gun Ranges. The 4.1 percent increase in demand for Gun Ranges in North America has resulted from a lighter gun policy and a preference for shooting as a sport. For example, there has been a 3.3% increase in the requirements for virtual simulations from the year 2018 to 2023 among all defense forces having bases all over the world due to the increasing need to train more advanced soldiers in state-of-the-art facilities.
Global Shooting Ranges Market Segmentation
By product type:
- Indoor
- Outdoor
By product, We have divided the shooting ranges market into the indoor shooting range and the outdoor shooting range. The segment of indoor shooting range was later subdivided into virtual simulators and targets. Further dividing them, the target of interest is divided into two parts that are fixed targets and moving targets. Moving targets consist of two parts, dual and pop-up located inside targets, on the other hand, there are turning targets. Another part of the fixed targets includes electronic and knock-down ones. An outdoor shooting range is a place that houses fixed targets as well as moving targets.
By Sub-Product:
- Virtual Simulators
- Fixed Target
- Moving Targets
- Pop-ups
- Others
By Application:
- Military Training
- Self-defense Training
- Recreation
- Others
By End-User:
- Defense Services
- Recreational Mediums
- Athletes
- Others
Global Shooting Ranges Market Key Competitors include:
North America
- InVeris Training Solutions
- Laser Shot, Inc.
- VirTra
- MILO Range
- Bohemia Interactive Solutions
- Range Systems
- Shooting Range Industries LLC
- Meggitt Training Systems Inc.
- Sevage Range Systems (U.S)
- Action Target, Inc.
- Cubic Corporation (U.S)
Europe
- Marksman Training Systems
- GDI Simulation
- Theissen Training Systems GmbH
- SAAB Training & Simulation
- Fireline Shooting Club
- Estonian Shooting Sport Federation
Asia-Pacific
- Zen Technologies Ltd.
- Meggitt Training Systems Inc.
- National Shooting Centre – Chennai
MEA
- Al Forsan International Sports Resort
- Asian Shooting Confederation
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Key questions answered in the Global Shooting Ranges Market are:
- What segments are covered in the Global Shooting Ranges Market report?
- Which region is expected to hold the highest Global Shooting Ranges Market share?
- What is the market size of the Global Shooting Ranges Market by 2030?
- What is the current growth rate of the Global Shooting Ranges Market ?
- Who are the key players in the Global Shooting Ranges Market ?
- What are the growth prospects in developing countries for the Global Shooting Ranges Market ?
- Which segment is expected to witness the fastest growth and why in the Global Shooting Ranges Market ?
- What are the factors affecting growth in the Global Shooting Ranges Market ?
- Who held the largest market share in the Global Shooting Ranges Market ?
- What are the opportunities for the Global Shooting Ranges Market ?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by Different Segments | 2023−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Product, Sales Channel, Feature, and Age Group and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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