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Sports Optic Global Market Worth $2.41 Billion at a CAGR of 3.8% By 2027 | Key Players: Carl Zeiss AG, Nikon Corporation, Vista Outdoor Inc., Beretta Holding S.A., Safilo Group S.p.A
Sports Optic Market
The Business Research Company's Sports Optic Global Market Report 2023 identifies the Increasing participation in camping activities is expected to propel the growth of the sports optic market going forward. Camping is a leisurely outdoor activity away from cities and towns, in the middle of nature, with fresh air and (rarely) wildlife to keep company.
The global sports optic market is expected to grow from $1.98 billion in 2022 to $2.08 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global sports optic is expected to reach $2.41 billion in 2027 at a CAGR of 3.8%.
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Major players in the sports optic market are L3Harris Technologies Inc., The Vanguard Group Inc., Carl Zeiss AG, Nikon Corporation, Vista Outdoor Inc., Beretta Holding S.A., Safilo Group S.p.A, Swarovski Optik KG, Leica Camera AG, Burris Company Inc., Trijicon Inc., Vortex Optics, Bushnell Corporation, Meopta - Optika S.R.O, EOTech Inc., Celestron LLC, American Technologies Network Corporation, Nightforce Optics Inc., Nightforce Optics Inc., Barska, U.S. Optics Inc., Schmidt u. Bender GmbH & Co. KG, GPO GmbH, U.S. Optics, and FLIR Systems Inc.
Product innovation is a key trend gaining popularity in the sports optics market. Major companies operating in the sports optics market are developing innovative products to sustain their position in the market.
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The Sports Optic market is segmented -
1) By Product Type: Telescopes, Binoculars, Riflescopes, Rangefinders
2) By Distribution Channel: Online, Offline
3) By Applications: Golf, Wheel Sport, Snow Sport, Water Sport, Shooting Sports, Horse Racing, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Sports Optic market.
The Business Research Company's "Global Sports Optic Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Sports Optic Market Include:
1. Executive Summary
2. Sports Optic Market Characteristics
3. Sports Optic Market Trends And Strategies
4. Sports Optic Market - Macro Economic Scenario
5. Sports Optic Market Size And Growth
……
27. Sports Optic Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sports Optic Market
29. Sports Optic Market Future Outlook and Potential Analysis
30. Appendix
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