Industry Analysis & Industry Trends
Revenue for the Shooting Ranges industry has fallen due to poor economic conditions over the past five years. Rising competition and waning demand have also caused industry profitability to drop. Also, due to a number of recent tragedies involving firearms, the government may enforce stricter gun control laws, hurting demand.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Shooting Ranges industry is in a state of decline. This is most strongly indicated by the industry's declining contribution to the US economy, measured through its industry value added (IVA). Over the 10 years to 2018, IBISWorld projects that IVA will decline at an average annual rate of 1.0%. Meanwhile, US GDP is forecast to grow at an annualized rate of 2.1%, highlighting the industry's shrinking share of the economy.
The industry's size is also indicative of its declining life cycle stage. The number of establishments has trended down at an average annual rate of 0.8% over the five years to 2013. Operators began exiting the industry in 2008 as consumer demand started to wane... purchase to read more