Global Riflescope Market Demand Size, Trend Analysis & Competition Tracking With Forecast till 2022
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The scope of Fact.MR’s report is to analyze the global riflescope market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Riflescope manufacturers, stakeholders, and suppliers in the global sporting goods & accessories industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals.
The report commences with a brief information of the global riflescope market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global riflescope market.
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Forecast Highlights on Global Riflescope Market
1- North America is expected to remain dominant in the global riflescope market. North America riflescope market is projected to surpass US$ 2,200 million revenue by the end of 2022. Rising interest towards shooting as a sport and increasing adoption of riflescope in defense are some of the factors fueling the growth of riflescope market in North America.
2- Europe is also anticipated to witness growth during the forecast period. Owing to the increase in animal hunting activities, introduction of modernization program for soldiers, the demand for riflescope with advanced features is increasing, resulting in the growth of Europe riflescope market.
3- Telescopic sights is expected to be one of the highly preferred riflescope product. By the end of 2022, telescopic sights is projected to surpass US$ 3,700 million revenue. It is also anticipated to account for nearly three-fourth of the revenue share by the end of 2017.
4- Electro optic technology in riflescope is expected to account for highest revenue share. Electro optic technology is projected to create an incremental opportunity of over US$ 600 million between 2017 and 2022. Meanwhile, thermal/infrared riflescope technology is also expected to witness moderate growth during the forecast period.
5- Riflescope is expected to be widely used in hunting. Hunting is projected to reach nearly US$ 2,500 million revenue by the end of 2022. Although riflescope will also find its application in armed forces. Armed forces are expected to account for nearly two-fifth of the revenue share by the end of 2017.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global riflescope market, the report provides updates about market opportunities, which can benefit leading manufacturers of riflescope. With continuous evolution of the sporting goods & accessories industry, keeping a record of latest developments and trends is fundamental for riflescope manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
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