What Has Been the Growth of the Shooting Ranges Market So Far?
The shooting ranges market has seen considerable growth due to a variety of factors.
• The shooting ranges market is projected to grow from $1.22 billion in 2024 to $1.33 billion in 2025, at a CAGR of 8.8%.
The growth in the historic period can be attributed to an increase in self-defense training, a rise in both indoor and outdoor sports, growth in law enforcement training, a demand for well-equipped shooting facilities, and a growing interest in firearms.
What Are the Future Growth Projections for the Shooting Ranges Market?
The shooting ranges market is expected to maintain its strong growth trajectory in upcoming years.
• The shooting ranges market is expected to reach $1.84 billion by 2029, with a CAGR of 8.4%.
This growth is due to the rise in recreational shooting activities, increased adoption of contemporary shooting equipment, more civilian firearms, higher defense budgets, and greater adoption of smart range technologies. Trends include the development of virtual simulators, innovation in shooting range technologies, soundproofing developments, integration of wireless target systems, and the installation of advanced defense training platforms.
What Are The Core Factors Supporting Growth In The Shooting Ranges Market?
The boom in leisure-time pursuits is anticipated to drive the growth of the shooting ranges market. These activities, undertaken by individuals in their idle time for fun, relaxation, and amusement, have seen a surge due to increases in disposable income, heightened recognition of the health benefits they offer, and easy availability of recreational infrastructure and services. Shooting ranges play a part in this rise by offering a unique and immersive experience for both beginners and experts, and a secure space to develop shooting abilities, participate in contests, and engage in social pursuits. As per the Outdoor Industry Association, a trade organization rooted in the United States, the count of outdoor recreational participants rose by 2.3%, hitting 168.1 million individuals in 2023. Hence, the surging recreational pursuits are fuelling the expansion of the shooting ranges market.
What Are The Major Segments Within The Global Shooting Ranges Market?
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
Subsegments:
1) By Indoor Shooting Range: Handgun Shooting Range, Rifle Shooting Range, Archery Shooting Range, Tactical Shooting Range
2) By Outdoor Shooting Range: Rifle And Shotgun Ranges, Pistol Ranges, Clay Pigeon And Skeet Shooting, Tactical And Hunting Ranges
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What New Trends Are Influencing The Shooting Ranges Market?
Major firms involved in the shooting ranges market are striving to introduce cutting-edge solutions like shooting stalls that aim to offer a more engaging and interactive user experience. A shooting stall refers to separate shooting lanes or booths that are part of a larger shooting range, created to provide a controlled and secure setting for shooters. Each stall is designed to accommodate a single shooter at a time and includes all the necessary safety features and conveniences for a secure and effective shooting session. For example, Action Target Inc., a renowned shooting range equipment producer from the US, added the Citadel Shooting Stall to its unrivalled shooting stall collection in January 2022. The Citadel is distinguished by its eye-catching floor-to-ceiling LED illumination that enhances its contemporary style, focusing on robust lines and customisable bold materials to raise any range's look to a greater level of elegance. Additionally, it includes a flexible holographic lane number projection system designed to correlate with your business and range facility's branding requirements. Its larger footprint for improved privacy will be highly valued by shooters, while the substantial ballistic glass panels ensure optimum visibility and encourage safety in the range.
Who Are the Key Players In The Shooting Ranges Market?
Major companies operating in the shooting ranges market are:
• Saab AB
• ATS Targets
• Meggitt PLC
• Cubic Corporation
• Beretta Holdings
• Remington Arms Company LLC
• Smith & Wesson Brands Inc.
• Fabrique Nationale Herstal S.A.
• Heckler & Koch GmbH
• Colt's Manufacturing Company LLC
• Savage Arms Inc.
• InVeris Training Solutions Inc.
• Glock Ges.m.b.H.
• Browning Arms Company
• Action Target Inc.
• Sig Sauer Inc.
• VirTra Inc.
• Zen Technologies Limited
• O.F. Mossberg & Sons Inc.
• Laser Shot Inc.
• Theissen Training Systems GmbH
• Range Systems Inc.
• Polytronic International AG
What Is The Most Dominant Region In The Shooting Ranges Market?
North America was the largest region in the shooting ranges market in 2023. The regions covered in the shooting ranges market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
