Global Riflescope Market Growth 2019-2024

Riflescope, also known as optical sight, is has unique features which provide a positive and repeatable return to your zero from any elevation adjustment. It is widely used for hunting, shooting sports, armed forces, etc.
In 2016, the world sales volume of riflescope reached to 9099 K Units. Globally, riflescope producers are concentrated in USA, Japan and Germany. Leading players in riflescope industry are Bushnell, Leupold, Burris, Nikon and Schmidt-Bender.

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Riflescope is a fragmented industry with a variety of manufacturers ranging from large multinational corporations to small privately owned companies. The top three producers account for 18.36% of the market in terms of revenue. Most companies involved in this industry are professional manufacturers of riflescope and binocular with no other major products, while some players are well known lens producers that supply high-quality products, such as Nikon and Zeiss.

The riflescope is driven by several factors, among which the most crucial ones are hunting, shooting sports and armed forces. Hunting is the major application of riflescope, which accounted for 24.4%. of world riflescope consumption in 2016 in terms of volume. Shooting sports and hunting have emerging to be a fast-growing market of riflescope in developed countries.

According to this study, over the next five years the Riflescope market will register a 6.3% CAGR in terms of revenue, the global market size will reach US$ 5490 million by 2024, from US$ 3800 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Riflescope business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Riflescope market by product type, application, key manufacturers and key regions and countries.

This study considers the Riflescope value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Telescopic Sight
Collimating Optical Sight
Reflex Sight
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Hunting
Shooting Sports
Armed Forces

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This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Bushnell
Leupold
Burris
Nikon
Schmidt-Bender
WALTHER
Hawke Optics
Nightforce
BSA
Hensoldt
Vortex Optics
Barska
Aimpoint
LEAPERS
Tasco
Swarovski
Weaveroptics
Meopta
Gamo
Millett
Zeiss
Sightron
Simmons
Sightmark
Norinco Group
SAM ELECTRICAL EQUIPMENTS
Nantong Universal Optical Instrument
Ntans
Holosun
SIG

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Research objectives
To study and analyze the global Riflescope consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Riflescope market by identifying its various subsegments.
Focuses on the key global Riflescope manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Riflescope with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Riflescope submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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