Shooting Ranges Market is Expected to be Growing at a Growth rate of 8.00% | Demand, Trends and Scope by 2028

The Shooting Ranges Market is expected to be growing at a growth rate of 8.00% in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of shooting ranges market.  This rise in shooting ranges market value can be attributed to the various factors such as increased participation of youngsters in indoor and outdoor sports, increase in awareness about the benefits of leading a healthy lifestyle, rise in demand for technologically advanced shooting ranges equipment especially in the developing economies and increasing personal disposable income. Therefore, the market value, which was USD 1500 million in 2020, will shoot up to USD 2,776.39 million by 2028.

Rising consumer preference for fitness and sports activities especially in the developing economies and increasing personal disposable income are the major factors fostering the growth of the market. Continuous advancement in equipment, surge in the preference for trained professionals or trainers by young generation, rising expenditure on live training systems are some other indirect market growth determinants.

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The major players covered in the shooting ranges market report are:

Saab, Meggitt PLC., InVeris Training Solutions, Theissen Training Systems GmbH., Range Systems, Inc., Polytronic International AG, Shooting Range Industries LLC., ACTION TARGET, Advanced Training Systems LLCs, Cubic Corporation, ELI MILITARY SIMULATIONS, Laser Shot, Inc., Savage., among other domestic and global players.

Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Global Shooting Ranges Market Scope and Market Size

On the basis of activity type, the shooting ranges market has been segmented into firearms and archery.

On the basis of product type, the shooting ranges market is segmented into indoor shooting range and outdoor shooting range. Indoor shooting range segment is sub-segmented into virtual simulators and targets. Targets segment is further bifurcated into moving targets and fixed targets. Moving targets segment is sub-bifurcated into dual moving targets, pop-up targets, turning targets.

Fixed targets segment is sub-bifurcated into electronic targets and knock-down targets. Outdoor shooting range segment is sub-segmented into moving targets and fixed targets. Moving targets segment is sub-segmented into turning targets, multi-purpose targets, pop-up targets and smart targets.

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Shooting Ranges Market Country Level Analysis

North America dominates the shooting ranges market and will continue to flourish its trend of dominance during the forecast period as well owing to the rising use of shooting ranges for training purposes by military.

Asia-Pacific will however, register the highest CAGR for the forecast period. Rising personal disposable income, rapid globalization, westernization, modernization, rise in demand for recreational activities and surge in the investment for the development of ell equipped shooting ranges especially in countries such as India and China are some major market growth determinants for this region.

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