Industry Analysis & Industry Trends
Over the past five years, the Shooting Ranges industry has rapidly recovered from the recession due to heightened enthusiasm for firearms fueled by fears of stricter gun control in the wake of several high-profile shootings. For example, gun and ammunition sales surged following tragedies in Aurora, CA, and Newton, CT, driving demand for shooting ranges from consumers who purchased firearms ahead of anticipated gun control measures. Such legislation never materialized at the federal level, however, and demand for industry services has begun to normalize, declining from its 2012 surge but nonetheless remaining high. Consequently, industry revenue will grow at a slower pace in the next five years.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Shooting Ranges industry is in the mature phase of its industry live cycle. In the 10 years to 2020, industry value added (IVA), a measure of the industry's contribution to the economy, is forecast to climb at an annualized rate of 3.1%, while GDP grows an annualized 2.5%.Typically, IVA growth greater than that of GDP indicates a growing industry. However, the industry has been able to surpass GDP performance because of the surge in gun enthusiasm following fears of stronger gun control laws.
While the number of industry establishments has increased over the past five years, most have remained focused on local markets. Moreover, the industry has seen little technological change... purchase to read more