Over the past five years, shooting ranges have experienced an increase in popularity throughout the United States. Industry players operate ranges for firing weapons, including handguns, shotguns, rifles and other arms. Shooting ranges may also sell guns and ammunition, rent equipment and provide training classes. Growth was supported over the past five years by an increase in gun enthusiasm spurred by fears over stricter gun control laws. Economic growth during most of the period also contributed to the increase in demand for shooting ranges. However, increasing regulations surrounding the industry are expected to have negative effects on the industry. Nonetheless, the overall rise in demand is expected to support industry growth. Over the five years to 2023, industry revenue is expected to grow at a CAGR of 2.2% to $4.3 billion, including an increase of 1.1% in 2023 alone. This industry provides indoor and outdoor targets for firing weapons, which may include handguns, shotguns, rifles and other arms. Handgun ranges typically have their own indoor stations, while rifles can be shot at disks and a variety of other targets. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.Off Target: Industry Growth is Expected to Slow as Fears of Stricter Gun Regulations Subside
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