According to IMARC Group's latest research report, titled "Shooting Ranges Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the shooting ranges market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global shooting ranges market size reached US$ 1.14 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.84 Billion by 2028, exhibiting a growth rate (CAGR) of 8.10% during 2023-2028.
Shooting Ranges Market Outlook:
Shooting ranges are designated areas for firearms practice, training, and competition. They provide a safe and controlled environment for individuals to practice and improve their shooting skills. They can be indoor or outdoor and offer various shooting activities, such as target shooting, skeet shooting, and trap shooting. They provide a variety of firearms for rent or allow individuals to bring their firearms and ammunition for purchase. In addition to providing shooting facilities, many shooting ranges offer training courses and certification programs for beginners and experienced shooters. They are heavily regulated to ensure the safety of patrons and employees. They are found in many countries worldwide and are popular among hobbyists, law enforcement personnel, and military personnel for training and practice purposes.
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Shooting Ranges Market Trends:
The global market is primarily driven by the increasing popularity of shooting sports. In line with this, the rising hunting activities and military and law enforcement training are significantly contributing to the market growth. Furthermore, the growing popularity of shooting as a recreational activity is positively influencing the market. Apart from this, the escalating demand for firearms training and safety courses is catalyzing the market. Moreover, the significant growth of the military and law enforcement sectors worldwide is propelling the market. Besides, the increasing concerns regarding public security and safety and the rising number of shooting clubs and ranges are strengthening the market. In addition, the growing popularity of sports, such as airsoft and target shooting, is offering numerous opportunities for market expansion.
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