Global Shooting Ranges Market to grow at a CAGR of 8.44% during the period 2016 - 2020; Finds New Report

Report forecast the global shooting ranges market to grow at a CAGR of 8.44% during the period 2016-2020.

Shooting ranges are specialized facilities designed for the training of military personnel, and for firearms practice. They can be indoor or outdoor and are restricted to only a few types of firearms, such as handguns and rifles. Training and simulation at these facilities improve the agility and shooting skills of soldiers and defense personnel, preparing them for battle.

As a result, the defense authorities invest highly to attain cost-effective and efficient shooting range solutions. As live training programs are expensive and logistically difficult, defense authorities and governments around the globe are focusing on simulators and shooting ranges, which are affordable than other forms of training.

The report covers the present scenario and the growth prospects of the global shooting ranges market for 2016-2020. It provides a comprehensive overview of the market along with its segmentation by military and civil application, and growth prospects by region:

• The Americas
• Asia-Pacific (APAC)
• Europe, the Middle East, and Africa (EMEA)

According to the report, major military spending countries such as the US, China, Russia, Saudi Arabia, and India will be replacing their military equipment over the next couple of years. These countries plan to modernize shooting ranges and artillery systems, and fund military simulators training programs.

Further, the report states that although, North America had the highest share of the market in 2014, military budget cuts in the US are likely to affect the market by 2019.

Global Shooting Ranges Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Shooting Ranges Market: Meggitt Training Systems, Polytronic International, Range Systems, Saab and Shooting Range Industries.

Other Prominent Vendors in the market are: ACTION TARGET, Cubic, ELI MILITARY SIMULATIONS, Savage Range Systems and Theissen Training Systems

Market driver

• Increasing demand for enhanced training
• For a full, detailed list, view our report

Market challenge

• Defense budget cuts
• For a full, detailed list, view our report

Market trend

• Emergence of mobile tablet and smartphone training
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 60 pages and 35 Exhibit “Global Shooting Ranges Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Global aerospace and defense value chain system, Market segmentation  by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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