Press release
Shooting Ranges Market Plan, Supply and Revenue to 2025
The increasing demand for live fire training is increasing the need for shooting ranges across the defense forces and law enforcement agencies worldwide. The demand for live fire training anticipates to real time fire situations which in turn helps the soldiers to have better understanding of situations. Owing to this fact, the defense forces and law enforcement agencies are demanding for more live fire training stations. Hence, the market for shooting ranges is heavily driven by the increasing need for live fire training stations. In addition, major defense forces across the globe are investing huge amounts in order to enhance technologically indoor and outdoor live fire training stations or shooting ranges with an objective to increase the shooting efficiency of the soldiers. This factor is also bolstering the growth of market for shooting range.
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The growth of market for shooting range is affected by the cost involved in installation of shooting ranges. Due to the fact that, the shooting ranges are located at the outskirts of cities or in the forests, the area to install shooting ranges is massive. This in turn also causes environmental issues, which is also a major concern for the government as well as the defense forces to set up a shooting range or live fire training station. This factor is impacting negatively on the growth of shooting ranges market.
The government and the defense forces are retrofitting the older shooting ranges with the modern facilities in order to engage the soldiers and law enforcement officers with the real time fire environment. This factor is expected to a huge opportunity for the growth of shooting ranges market in the coming years.
The market for shooting ranges is segmented on basis of modes, application and geography. The various modes of shooting ranges includes outdoor shooting ranges and indoor shooting ranges. The outdoor shooting ranges is sub segmented as outdoor moving targets and outdoor fixed targets. The outdoor moving targets includes such as turning targets, pop-up targets, multi-purpose targets, smart targets. The indoor shooting ranges is further segmented as indoor virtual simulators, indoor moving targets and indoor fixed targets. The outdoor shooting ranges segment held larger market share across the globe in 2016 and the indoor shooting ranges segment is gaining interest among the defense forces and law enforcement agencies worldwide due to the advancement in the simulation technologies. The defense forces and law enforcement agencies constitute the application segment in the shooting ranges market. The defense forces contributed the maximum market share in 2016, while the shooting rages market is anticipated to expand at a faster rate among the law enforcement agencies across the globe. Geographically, the market for shooting ranges is classified based on strategic regions across the globe. The strategic regions includes North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Due to the presence of large number of manufacturers in the region and subsequent investments from the U.S. defense force, North America led the market for shooting ranges in 2016. Countries in Asia Pacific region are investing huge amounts in procuring the shooting ranges equipment in order to strengthen their military forces as well as law enforcement agencies. Owing to this, the region is anticipated to surge in the coming years.
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The major players in the field of shooting ranges market across the globe are Saab Ab (Sweden), Range Systems, Inc. (U.S), Shooting Ranges Industries, LLC (U.S), Cubic Corporation (U.S), Laser Shot Inc. (U.S), Polytronic International AG (Switzerland), Meggitt Training Systems, Inc. (U.S), Action Target, Inc. (U.S), ELI Military Simulations Ltd. (Estonia), and Savage Range Systems (U.S) among others.
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