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(Chicago.CityRegions.Com, March 17, 2017 ) The global shooting ranges market has been broadly classified into indoor and outdoor segments.
The outdoor segment is projected to account for the larger share of the global market during the forecast period.
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However, the indoor shooting range market is projected to grow at a higher CAGR in the next five years, owing to advanced technologies in target simulations. Also, with further advancement in range designs, the indoor shooting range segment is projected to achieve substantial growth in the future.
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The shooting ranges market has great potential to grow, at a projected CAGR of 8.35% from 2015 to 2020.
This report provides qualitative and quantitative information about the shooting range market. IT identifies the market application gaps, emerging technologies, the need for new product launches, and high potential geographic regions and countries. It also provides a segmentation of the market, tracking the market size, market share, revenue projections, and financial portfolio, covering a broad spectrum of the indoor and outdoor shooting range market.
Increase in demand for advanced training and technological advancement in shooting ranges are some of the key factors that are fueling the growth of this market. Low investment by the Ministry of Defense on shooting range simulation and training and increase in the cost of live training systems are some of the factors hampering the growth of the shooting range market. The purpose of the market report is to identify various types and technologies involved, and the major drivers & restraints of the market. The key players of the market are covered in the report.
Retrofitting old ranges and integrating ranges with other training systems provide opportunities for the players in this market. Installation of shooting houses and environmental constraints pose a challenge for the market.
Emerging markets include nations such as China and India which have become attractive for companies in the development of shooting ranges. In 2014, SAAB Training and Simulation held the dominant position in the global market. It has maintained this position by adopting strategies such as acquisitions and strategic contracts over the period of the last three years. Other key players include Meggitt Training Systems, Inc., Theissen Training Systems GmbH, and Range Systems, Inc. which held a noticeable market share.
Apart from the general overview of the companies, this report also provides financial analysis, products, services, and the key developments of the major players in the industry. The industry value chain, market revenue, and volumes are determined through primary and secondary research. All percentage shares, splits, and breakdowns are determined using secondary sources and verified through primary sources.
In a nutshell, this research report is consolidated business intelligence on the shooting range market. It will also help the indoor and outdoor shooting range industry, and its stakeholders to identify hot revenue pockets in this market.