According to a new report published by Introspective Market Research, titled, “Shooting Ranges Market by Type, Product Type, and End-Users: Opportunity Analysis and Industry Forecast, 2024–2032,”
The Shooting Ranges market was worth USD 1326.09 Million in 2023. As such, the forecast is that the market is expected to reach USD 2903.99 Million by 2032 with a CAGR of 9.1 % over the period from 2024 to 2032.
Shooting ranges are specialized facilities designed for the safe practice and training of firearms use. They provide controlled environments where individuals can shoot firearms, improving their marksmanship skills, and ensuring they understand proper safety procedures.
Ranges come in various forms, including indoor and outdoor setups. Indoor ranges are typically located within buildings and are suitable for handguns and certain types of rifles. They offer controlled lighting, ventilation, and noise levels. Outdoor ranges are situated in open areas and can accommodate a wider variety of firearms, including high-powered rifles and shotguns. They often have longer distances for shooting practice.
Safety is paramount in shooting ranges. They implement strict rules and protocols to prevent accidents, such as the enforcement of designated shooting lanes, ensuring proper ear and eye protection, and monitoring for compliance with firearm handling and storage rules. Ranges may also offer a range of targets, from paper targets to three-dimensional models, allowing shooters to practice different scenarios and distances. Some advanced ranges incorporate technology for interactive or moving targets, simulating real-world shooting situations.
Shooting ranges play a crucial role in firearm education and training, enabling individuals to become responsible and proficient gun owners while promoting a culture of safety and respect for firearms. They are essential for law enforcement, military training, competitive shooting sports, and recreational enthusiasts alike.
The shooting ranges market refers to the industry involved in providing facilities for firearms training, practice, and recreational shooting. It encompasses indoor and outdoor ranges, equipment rental, safety measures, and related services. The market has seen growth due to increasing interest in shooting sports, self-defence training, and military law enforcement training needs.
The surge in demand for Upgrade training can be linked to a rise in the popularity of competitive shooting sports. This includes disciplines like practical shooting, IPSC, and 3-Gun, which require a high degree of skill, precision, and tactical knowledge. Participants in these sports recognize the necessity for rigorous training to excel in their chosen discipline, driving them to seek out specialized facilities that can cater to their specific needs.
Retrofitting is the potential to breathe new life into older, potentially underutilized ranges. Instead of constructing new facilities from the ground up, which can be cost-prohibitive and pose challenges in terms of location, retrofitting allows for the revitalization of existing spaces, often in more central or accessible areas.
Moreover, retrofitting aligns with sustainability initiatives, as it repurposes existing structures rather than contributing to the environmental impact associated with new construction. This can be an appealing factor for environmentally conscious investors and communities.
Shooting Ranges Market, Segmentation
The Shooting Ranges market is segmented based on Type, Product Type, and End-Users.
Type:
The Type segment is further classified into Indoor Shooting Range and outdoor Shooting Range. Among these, the Indoor Shooting Range, sub-segment accounted for the highest market share Indoor shooting ranges offer a controlled and safe environment for firearms training and practice. This controlled setting is particularly appealing to novice shooters, law enforcement agencies, and military personnel require a secure space to hone their skills. Additionally, indoor ranges provide a level of convenience that outdoor ranges may not always afford, as they are unaffected by weather conditions, allowing for year-round operation.
Product Type:
The Product Type segment is further classified into Fixed Targets, Moving Targets, Virtual Simulators. The Virtual Simulators sub segment sub-segment accounted for the highest market share. The virtual simulators contribute to reducing the costs associated with live-fire training, including expenses for ammunition, range facilities, and maintenance. This cost-effectiveness makes them an attractive option for organizations seeking efficient training solutions. Additionally, virtual simulators enhance safety by eliminating potential risks associated with live ammunition training.
Region:
North America is poised to maintain its dominance in the Shooting Ranges market, driven by several factors. Shooting sports have gained immense popularity in the Asia Pacific region, driven by factors such as increased disposable income, urbanization, and a growing middle class. Countries like China, India, and Japan have witnessed a surge in interest among individuals wanting to participate in shooting sports as a recreational activity. This burgeoning interest has led to a rise in demand for well-equipped shooting ranges.
Some of The Leading/Active Market Players Are-
- ELI Military Simulations Ltd. (Tallinn, Estonia.)
- SaaB (Sweden)
- Advanced Training Systems (Florida)
- Polytronic International (Switzerland)
- Meggitt Training Systems, Inc. (Georgia)
- Theissen Training Systems Gmbh (Germany)
- Quietstone (U.K)
- Theissen Training Systems (TTS) (Germany)
- Zen Technologies Ltd, (India), and Other Active Players
Key Industry Developments
- In September 2023, Saab launched Giraffe 1X Deployment Set. The new configuration is designed to be easily transported, swiftly re-located and quickly operational: all features highly desirable on a modern battlefield or where air threats from any direction pose a real risk to a fixed installation. Giraffe 1X Deployment Set is an easily deployable, compact and robust, software-based, lightweight 3D AESA radar. Its small footprint and large search volume (75 km) make it excellent for urgent operations with limited possibilities. Giraffe 1X Deployment Set is a versatile solution for both mobile and fixed installations.
Key Findings of the Study
- Indoor shooting ranges dominate the market due to their controlled and safe environments, making them ideal for novice shooters, law enforcement, and military personnel. Their ability to operate year-round regardless of weather conditions adds to their appeal and convenience.
- Virtual simulators hold the highest market share in the product type segment. They offer a cost-effective training solution by reducing expenses related to live-fire training, such as ammunition and maintenance costs. Additionally, they enhance safety by eliminating the risks associated with live ammunition, making them a preferred choice for various training organizations.
