Growth Prospects of Shooting Ranges Market in the Next Five Years

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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. 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. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id138688111 This report studies
the global market over the forecast period from
2015 to 2020. The market is projected to reach
1,080 Million by the end of 2020, at CAGR of
8.35 from 2015 onwards. A number of factors
including increasing demand for enhanced
training, technological advancement in shooting
range designs, and integration of shooting
ranges with other training methods are expected
to drive the market for shooting ranges. On the
basis of region, this market is classified into
five, namely, North America, Europe,
Asia-Pacific, the Middle East, and Rest of the
World. In 2015, the global indoor shooting range
market is estimated to be dominated by Europe and
the global outdoor shooting range market is
estimated to be dominated by North America. A
number of factors such as high defense spending
have led to growth in the shooting ranges market
in North American countries. The virtual
simulators segment held the largest market share
in the indoor shooting range market, in 2014. It
is also projected to grow at the highest CAGR of
12.49 by 2020. The military application segment
is projected to account for a large market share
of 59.81 during the forecast period. New
contracts are the key strategy adopted by the
major players to develop their position in the
global shooting ranges market. Strategies such as
partnerships, agreements, collaborations, joint
ventures, and acquisitions were also adopted by a
significant number of market players to
strengthen their product portfolios and to
expand their geographic presence. Key Market
Players Key players in this market include SAAB
Training and Simulation (Sweden), Meggitt
Training Systems Inc. (U.S.), Theissen Training
Systems GmbH (Germany), Range
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Systems (U.S.), Polytronic International AG
(Switzerland), and Shooting Range Industries LLC
(U.S.), among others. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/speaktoanalyst
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