Shooting Ranges Market Size Worth $2.50 Billion By 2032 | CAGR: 7.6%

Shooting Ranges Market Size Worth $2.50 Billion By 2032 | CAGR: 7.6%


The global shooting ranges market size is expected to reach USD 2.50 billion by 2032, according to a new study by Polaris Market Research. The report “Shooting Ranges Market Share, Size, Trends, Industry Analysis Report, By Type (Indoor Shooting Range and Outdoor Shooting Range); By Product Type; By Application (Military, Civil); By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market is also influenced by various factors such as technological advancements, increasing popularity of shooting sports and the rise in demand for firearms for self-defense and hunting purposes. The increasing technological developments in shooting range accessories and equipment is expected to drive the growth of the Shooting Ranges market. Additionally, increasing popularity of virtual shooting ranges for training and entertainment purposes are expected to create new opportunities for shooting ranges service providers.

Due to the spread of military stations worldwide and the growing demand for modern training facilities for its troops, demand has increased. According to the Bureau of Alcohol, Tobacco, weapons, and Explosives (ATF), there were over 465 million weapons in civilian hands in the United States as of 2021, which is more than the country's total population.

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Indoor shooting ranges have the greatest market share in the global shooting ranges market due to a variety of factors. Such as Indoor shooting ranges may be used all year round since, unlike outdoor shooting ranges, they are not affected by the weather. This makes them a more dependable and practical choice for anyone who wishes to consistently practice their shooting abilities. It offers a regulated setting that is intended to be secure and safe. In order to lessen the hazards connected with shooting, they include a variety of safety elements such as bullet traps, ventilation systems, and soundproofing. For both beginner and experienced shooters, several indoor shooting ranges provide training and teaching programs.

Shooting Ranges Market Report Highlights

  • Indoor Shooting Range segment is expected to hold the significant market share over the forecast period because it is in urban areas and offer a controlled environment for shooting. These ranges typically have a maximum shooting distance of 25 yards or less, making them ideal for pistol and short-range rifle practice.
  • Virtual Simulators segment is anticipated to grow at a high CAGR over the forecast period owing to these systems that use realistic graphics and sound effects to simulate shooting scenarios, such as a home invasion or a hostage situation.
  • Military segment is predicted to have the largest share during the projection period owing to its involvement in the use of shooting ranges solutions to offer a variety of training scenarios, including marksmanship, combat tactics, and urban warfare.
  • North America is expected to grow rapidly over the projected period owing to the presence of a large number of shooting ranges and the high popularity of shooting sports in the region over the forecast period.
  • The global players include ELI Military Stimulations, InVeris Training Solutions, Laser Shot, Polytronic T.T.S. Theissen Training Systems, Range Systems, Zen Technologies, Action Target, ATS Targets, and Cubic Corporation.

Polaris Market Research has segmented the shooting ranges market report based on type, product type, application, and region:

Shooting Ranges, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Indoor Shooting Range
  • Outdoor Shooting Range

Shooting Ranges, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Fixed Targets
  • Moving Targets
  • Virtual Simulators

Shooting Ranges, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Military
  • Civil

Shooting Ranges, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa

Shooting Ranges Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 1.29 billion

Revenue forecast in 2032

USD 2.50 billion

CAGR

7.6% from 2023 - 2032

Base year

2022

Historical data

2021 - 2021

Forecast period

2023 - 2032

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2032

Segments covered

By Type, By Product Type, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

ELI Military Stimulations, InVeris Training Solutions, Laser Shot Inc., Polytronic T.T.S. Theissen Training Systems GmbH, International AG, Range Systems Inc., Zen Technologies Limited, Action Target Inc., ATS Targets, and Cubic Corporation.

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  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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