Global Shooting Ranges Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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May 2023
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This report was compiled by Research Team Research team of over 50 passionate professionals leverages advanced research methodologies and analytical expertise to deliver insightful, data-driven market intelligence that empowers businesses across diverse industries to make strategic, well-informed Correspondence Research Team Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Global Shooting Ranges Market: Overview
“The global Shooting Ranges Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Shooting ranges are also known as gun ranges and firing ranges, are used for training and practicing firearms. Majority of shooting ranges are used by defense and law enforcement personals. Some types of shooting ranges are designed for recreational purposes.
Global Shooting Ranges Market: Dynamics
A major factor driving growth of the global shooting ranges market is increasing demand for advanced training to military and law enforcement personals. In addition, the use of technological advancement to improve shooting ranges and adding features such as live training systems that can offer real-time fire situations and various other scenarios is another factor supporting growth of the global market. Availability of cost-effective virtual stimulation system is a factor fueling growth of the target market. Furthermore, integration of shooting rage with other systems is a factor expected to boost growth of the global shooting ranges market in the near future.
However, the high cost of live training systems and less investment for a stimulation system that is used in shooting range are factors that may hamper growth of the global shooting ranges market. Nevertheless, the addition of new technology and features to old shooting ranges can create high revenue opportunities for players in the target market.
Global Shooting Ranges Market: Segment Analysis
Among the product segments, the outdoor segment is accounted for major share in terms of revenue and is expected to maintain its position in the near future. Use of outdoor shooting ranges for the training of law enforcement and military personals with advanced weapons is a factor supporting growth of this segment in the target market.
Among the application segments, the military segment is expected to register high growth in terms of revenue in the near future. Increasing adoption of technologically advanced shooting ranges for training in the defense sector is a factor fueling growth of the military segment in the target market. However, low investment for virtual stimulation in shooting range could affect growth of this segment to a certain extent.
Global Shooting Ranges Market: Regional Analysis
Currently, market in North America dominates the global market in terms of revenue and is expected to register high growth over the forecast period. Use of shooting ranges for training activities of defense personnel is a key factor propelling growth of the target market in countries in this region. In addition, the presence of prominent players is also a factor driving growth of the target market in North America.
Market in Asia Pacific is anticipated to register lucrative growth in terms of revenue in the near future. Increasing defense budget and high investment for the development of ell equipped shooting ranges for law enforcement and defense are factors supporting growth of the shooting ranges market in countries in the Asia Pacific.
Global Shooting Ranges Market Segmentation:
Segmentation by Product:
- Indoor
- Outdoor
Segmentation by type:
- Targets
- Fixed Targets
- Knock-down Targets
- Electronic Targets
- Moving Targets
- Turning Targets
- Pop-up Targets
- Dual Moving Targets
- Virtual Simulators
- Fixed Targets
Segmentation by Application:
- Military
- Civil
Segmentation by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Meggitt Training Systems, Inc.
- Saab AB (Training & Simulation)
- Range Systems Inc.
- T.S. Theissen Training Systems GmbH
- Cubic Corporation
- Polytronic International AG
- Action Target, Inc.
- Virtra Training Systems, Inc.
- Laser Shot, Inc.
- ELI MILITARY SIMULATIONS
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