PUBLISHER: Grand View Research | PRODUCT CODE: 1575249
PUBLISHER: Grand View Research | PRODUCT CODE: 1575249
The global shooting ranges market size was estimated at USD 1.84 billion in 2023 and is projected to grow at a CAGR of 7.8% from 2024 to 2030. This growth is attributed to a growing interest in recreational shooting activities and increased participation in shooting sports. This surge is fueled by heightened awareness of competitive shooting events and hunting, leading to a demand for accessible and well-equipped facilities. Additionally, the need for advanced training solutions for law enforcement and military personnel is propelling the market, as these entities require specialized environments for effective training.
The global shooting ranges market is significantly driven by the increasing popularity of shooting sports and recreational activities. Events such as target shooting, clay shooting, and practical disciplines like IPSC (International Practical Shooting Confederation) have gained traction, leading to a higher demand for range facilities. In regions like North America, particularly the United States, a robust culture of gun ownership and recreational shooting has established a strong market presence. Additionally, virtual ranges have transformed the landscape, allowing individuals to practice in a safe, controlled environment while enhancing their skills.
A significant challenge for the market is the regulatory environment surrounding firearms and shooting activities, which varies widely across different regions. Stricter gun control laws and regulations can limit the establishment and operation of ranges, particularly in countries with stringent firearm policies. Furthermore, the COVID-19 pandemic had a notable negative impact on the market, as many ranges were forced to close temporarily due to government-imposed lockdowns. This led to a decline in customer demand and participation, creating a lingering effect on the market's recovery.
The global shooting ranges market presents numerous opportunities for growth and innovation. One of the most promising avenues is the increasing military expenditure worldwide, which has led to a greater emphasis on simulation and training techniques. As military organizations seek advanced training solutions, ranges can capitalize on this demand by offering specialized facilities and programs tailored to military needs.
Global Shooting Ranges Market Report Segmentation
This report forecasts revenue growth at regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the shooting ranges market based on the basis of type, application, and region: