Press release
Global Shooting Ranges Market Projected to Surpass $1.84 Billion by 2029 with 8.44% Annual Growth
Shooting Ranges Market
The growing popularity of recreational activities is expected to contribute to the growth of the shooting ranges market. As disposable income rises and more people recognize the health benefits of outdoor activities, recreational pursuits like shooting are becoming more popular. Shooting ranges provide a safe environment for practicing shooting skills and competing. In 2023, the Outdoor Industry Association reported that outdoor recreation participation increased by 2.3%, reaching 168.1 million participants. Therefore, the rise in recreational activities will support the growth of the shooting ranges market.
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How will the growth rate of the shooting ranges market shape industry trends by 2034?
The shooting ranges market has grown strongly in recent years. It is expected to increase from $1.22 billion in 2024 to $1.33 billion in 2025, reflecting a CAGR of 8.8%. Growth drivers include the rising interest in self-defense training, increased participation in both indoor and outdoor sports, demand for law enforcement training, a growing need for well-equipped shooting facilities, and a rising preference for guns.
The shooting ranges market is expected to reach $1.84 billion by 2029, growing at a CAGR of 8.4%. Growth is attributed to increased recreational shooting activities, advanced shooting equipment, the rise in civilian firearms, higher defense budgets, and the growing adoption of smart range technologies. Trends include the development of virtual simulators, innovation in shooting range technologies, soundproofing advancements, wireless target setups, and defense training platform installations.
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What trends are poised to drive the future success of the shooting ranges market?
Companies in the shooting ranges market are improving the shooting experience with innovative solutions such as shooting stalls. For instance, in January 2022, Action Target Inc. launched the Citadel Shooting Stall, which features floor-to-ceiling LED lighting, customizable materials, and a holographic lane number projection system. The stall also provides enhanced privacy and safety for shooters.
Which primary segments of the shooting ranges market are driving growth and industry transformations?
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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Which regions are key players in the growth of 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.
Who are the influential players reshaping the shooting ranges market landscape?
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
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What Is Covered In The Shooting Ranges Global Market Report?
•Market Size Forecast: Examine the shooting ranges market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the shooting ranges market for a structured understanding.
•Key Players Overview: Analyze major players in the shooting ranges market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the shooting ranges market.
•Segment Contributions: Evaluate how different segments drive overall growth in the shooting ranges market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the shooting ranges market.
•Industry Challenges: Identify potential risks and obstacles affecting the shooting ranges market.
•Competitive Landscape: Review strategic developments in the shooting ranges market, including expansions, agreements, and new product launches.
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