Shooting Ranges Market is Projected to Grow at A CAGR of 8.35%

Date: 2015-09-03

“The shooting ranges market is projected to grow at a CAGR of 8.35% during the forecast period (2015-2020).This report includes the financial analysis of key players in the market, historical market analysis, technology trends, market environment analysis, industry overview, which includes supply chain analysis, value chain analysis, and demand model for the market. The report also includes the key drivers and restraints which affect the growth of the market, along with their impact.  

Technological advancements in shooting ranges and increase in demand for advanced training systems are some of the key factors that are fueling the growth of the shooting ranges market. Less investment by the Ministry of Defense in shooting range simulation and training and increase in the cost of live training systems are some of the factors that are hampering the growth of the market. 

Installation of shooting houses and environmental constraints pose a challenge for the. Retrofitting old ranges and integrating ranges with other training systems provide opportunities for the shooting ranges market. 

The emerging markets such as BRIC nations will provide huge opportunities for indoor and outdoor shooting range manufacturers due to rise in defense spending by these countries.The key players in the shooting ranges market include SAAB AB (Training and Simulation) (Sweden), Meggitt Training Systems, Inc. (U.S.), Theissen Training Systems GmbH (Germany), Range Systems, Inc. (U.S.),and Polytronic International AG (Switzerland), among others.

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