Press release
Shooting Ranges Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Shooting Ranges Market Segments
In recent times, the shooting ranges market has witnessed robust growth. It is set to increase from a $1.22 billion value in 2024 to reach $1.33 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.8%. The impressive growth during the historic period is mainly due to factors such as increased self-defense training, the popularity of indoor and outdoor sports, the advent of law enforcement training, high demand for state-of-the-art shooting facilities, and a increased preference for firearms.
The market size of shooting ranges is predicted to experience significant growth in the coming years, reaching $1.84 billion in 2029 with a compound annual growth rate (CAGR) of 8.4%. Factors contributing to this growth during the projected period include the rise in recreational shooting activities, the proliferation of modern shooting equipment, expansion of civilian firearms, growing defense budgets, and the widespread use of smart range technologies. Development of virtual stimulators, advancements in shooting range technologies, progress in soundproofing technologies, the incorporation of wireless target setup systems and the setup of sophisticated defense training platforms are expected to be the key trends during the forecast period.
What Factors Are Propelling the Expansion of the Shooting Ranges Market?
The growth of the shooting ranges market is set to be propelled by the surge in recreational activities. These activities, which people engage in for enjoyment, relaxation, and entertainment during their spare time, have been increasing due to higher disposable income, heightened awareness of health benefits, and better access to recreational facilities and infrastructure. Shooting ranges are playing a significant role in this surge, providing a unique and engaging activity for both enthusiasts and beginners alike, not to mention a safe environment where individuals can sharpen their shooting skills, compete, and engage in social events. For example, in 2023, the Outdoor Industry Association, a US-based trade organization, reported a 2.3% growth in the number of outdoor recreation participants, hitting 168.1 million in 2023. Thus, the surge in recreational activities is stimulating the growth of the shooting ranges market.
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Which Businesses Are at the Forefront of Shooting Ranges Market Development?
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 Are the Latest Innovations in the Shooting Ranges Market?
Principal entities in the shooting ranges market like Action Target Inc. are gravitating towards the creation of advanced solutions including shooting stalls, in a bid to elevate customer experience levels. A shooting stall, essentially a separate shooting lane or compartment in a shooting range, is created with the goal to offer shooters a regulated and risk-free environment. Each of these stalls typically houses one shooter at a time and is outfitted with requisite safety functionalities and comforts to pledge an effective shooting session. For instance, in January 2022, Action Target Inc., an organization from the US that manufactures shooting range equipment, unveiled Citadel Shooting Stall to its top-tier list of shooting stalls. The Citadel takes advantage of striking floor-to-ceiling LED lighting that underscores its modern design, highlighting powerful lines and adaptable vivid materials to boost the aesthetic appeal of any range to a higher degree of class. This particular stall also features an adaptable holographic lane number projection framework designed to align with your business and range facility's branding requirements. Its broader footprint is certain to enhance privacy for shooters, while substantial ballistic glass panels foster improved visibility and underscore security on the range.
How Is the Shooting Ranges Market Segmented?
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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Where Is the Shooting Ranges Market Growth Most Prominent?
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.
What Is Covered In The Shooting Ranges Global Market Report?
- Market Size Analysis: Analyze the Shooting Ranges Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Shooting Ranges Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Shooting Ranges Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Shooting Ranges Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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