Press release
Shooting Ranges Market Projected Expansion to $2.5+ Billion Market Value by 2031 with a 8.3% CAGR
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The global shooting ranges market is analyzed across type, product type, end-user, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By type, the indoor shooting range segment held the highest share in 2021, garnering more than half of the global shooting ranges market revenue. The outdoor shooting range segment, on the other hand, would showcase the fastest CAGR of 9.3% throughout the forecast period.
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By product type, the fixed targets segment contributed to nearly two-fifths of the global shooting ranges market share in 2021, and is projected to rule the roost by 2031. The virtual simulators segment would also display the fastest CAGR of 9.4% throughout the forecast period. The moving targets segment is also discussed in the report.
By end user, the military segment accounted for the highest share in 2021, generating nearly three-fourths of the global shooting ranges market revenue. The same segment would also portray the fastest CAGR of 8.6% during the forecast period. The civil segment is also analyzed through the study.
By region, North America held the major share in 2021, garnering more than three-fifths of the global shooting ranges market revenue. LAMEA, simultaneously, would showcase the fastest CAGR of 11.0% from 2022 to 2031. The other provinces studied through the report include Europe and Asia-Pacific.
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The key market players analyzed in the global shooting ranges market report include InVeris Training Solutions
Action Target, Inc.
Range Systems, Inc.
Cubic Corporation
VirTra Training Systems, Inc.
Saab AB
Know More- https://www.globenewswire.com/news-release/2023/02/27/2616084/0/en/Shooting-Range-Market-to-Reach-2-4-Billion-by-2031-Says-Allied-Market-Research.html
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