Shooting Ranges Market Expected to Reach $2.5 Billion by 2031—Allied Market Research

The global shooting ranges market size was valued at $1,124.0 million in 2021, and is projected to reach $2,456.1 million by 2031, registering a CAGR of 8.3% from 2022 to 2031.

North America dominates the market in terms of revenue, followed by Asia-Pacific, Europe, and LAMEA. U.S. dominated the global shooting ranges market share in 2021 and is expected to grow at a significant rate during the forecast period, due to the implementation of modern technologies in the military, and civil defense training activities by the U.S. government.

Shooting ranges are regulated environments created for the instruction and testing of weapons, as well as occasionally for archery. It might be virtual, indoor, or both, and it might be on the outskirts of a city or close to a forest. Shooting ranges also feature extras like the firing point, targets, backstop, wind flags, and lights. Shooting ranges are increasingly used as a form of recreation despite typically being built for use by the military and law enforcement. These are secure, eco-friendly locations that can also be utilized to test guns.

Shooting ranges can be indoor or outdoor, may only permit the use of specific firearms, such as pistols or long guns, or they may focus on specific Olympic sports, such as trap/skeet shooting or 10 m air pistol/rifle. Most indoor ranges forbid the use of rifles, fully automatic weapons, or high-powered calibers.

By type, the global shooting ranges market is categorized into indoor shooting range and outdoor shooting range. The indoor shooting range accounted for the highest revenue in 2021, indoor firing ranges are popular among law enforcement and recreational shooters because they offer protection from inclement weather conditions and can be operated around the clock under controlled environmental conditions. However, the segment of the outdoor shooting range is anticipated to witness the highest CAGR of xxx% during the forecast period, due to its increased firing mobility for more tactical freedom, distance, and terrain-based exercises.

On the basis of product type, the global shooting ranges market is segmented into virtual simulators, fixed targets, and moving targets. The fixed target segment accounted for over 38% market share in 2021, owing to gaining popularity as a part of recreational activity in developing countries such as India and Brazil.

The demand for technologically advanced shooting range equipment, particularly in developing economies, and an increase in investments made by law enforcement and military organizations in firearms training across departments, as well as rising youth participation in indoor and outdoor sports, are all projected to have an impact on the growth of the global shooting ranges market during the forecast period. The cost of installing a shooting range and the lack of suitable land, however, are anticipated to restrain the expansion of the global market over the forecast period.

In addition, around the world, there are several local, national, and international competitions that offer participants enticing monetary awards and recognition. A rise in the number of young people choosing sports over a safe activity like shooting as a career option is expected to offer potential opportunities for the global shooting ranges market during the forecast period.

In addition, Europe is the second largest market due to the rise in participation in shooting competitions across the region. Various countries in the region allow the usage of rifles and pistons for sports and recreational activities which requires shooting practices and thus, acts as a driver for the growth of the shooting ranges market in the region during the forecast period.

In the UK, Raytheon Technologies Corporation has long-lasting relationships with the armed forces, equipping the British Army with Javelin portable anti-tank guided weapon system, Royal Navy with Phalanx close-in missile defense system, and the Royal Air Force with next-generation weapons such as Paveway IV precision-guided weapon. Such advanced systems require advanced simulation and training platforms for operational effectiveness. Such factors are expected to propel the growth of the shooting ranges market in the country during the forecast timeframe.

The key players analyzed in this shooting ranges market report are Action Target, Inc., Cubic Corporation, Laser Shot, Inc., InVeris Training Solutions, Zen Technologies Ltd., Polytronic International AG, Range Systems, Inc., Saab AB, Theissen Training Systems GmbH, Virtra Training Systems, Inc.

Key Findings Of The Study

• By type, the outdoor shooting range segment is expected to register significant growth during the forecast period.
• By product type, the virtual simulators segment is anticipated to exhibit significant growth in the near future.
• By end-user, the military segment is projected to lead the global shooting ranges market owing to a higher CAGR.
• By region, LAMEA is anticipated to register the highest CAGR during the forecast period.