Global Riflescope Market is expected to rise from its initial estimated value of USD 5.83 billion in 2018 to an estimated value of USD 8.19 billion by 2026, registering a CAGR of 4.35% in the forecast period of 2019-2026.
Market Definition: Riflescope Market
Riflescope is usually equipped on the top of the rifle and is used to improve the aim or target by magnifying it. They are usually used in hunting and shooting activities. They are used in all types of activities that require exact aiming. They also increase safety as one can see the clear view of the object from long distance. Increasing hunting and shooting activity is the major factor fuelling the market.
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Major Market Drivers & Restraints are as follows:
- Increasing demand of riflescope by hunters is driving the growth of this market.
- Availability of new and advanced types of riflescope is driving the market.
- Prohibition on hunting is the major factor restraining the growth of this market.
- High prices of the riflescope is the another factor restraining the market growth.
Key Market Competitors: Riflescope Market
Few of the major competitors are Bushnell, LEUPOLD & STEVENS, INC., Burris Company, Nikon Corporation, Schmidt & Bender GmbH & Co. KG, Walther Arms, INC, Hawke, Nightforce Optics, Inc., HENSOLDT, Vortex Optics, Barska, Aimpoint, Leapers, Inc., VISTA OUTDOOR OPERATIONS LLC, SWAROVSKI OPTIK, Weaver, Meopta – optika, s.r.o. and Meopta U.S.A., Inc, Krauss-Maffei Wegmann, Safran, Oshkosh Corporation, Navistar, Inc., Rafael Advanced Defense Systems Ltd.
This Market report is based on unique research done by our team which delivers analytical scrutiny of the market across several segments. The report additionally consists of current size and Summary of the market and industry combined with outlook prospects. In addition, key market makers are examined on numerous factors such as company overview, product portfolio, and revenue details during the forecast year. Also, the total potential of the market is briefed in the full report. The report highlights CAGR value fluctuations during the forecast period of 2019-2026 for the market. The base year for calculation in the report is considered as 2017 while the historic year is 2016 which will inform you how the Market is going to act upon in the forecast years by giving information about the several market insights.
Major Topics Covered in this Report:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Manufacturers
Chapter 4 Production by Regions
Chapter 5 Consumption by Regions
Chapter 6 Market Size by Type
Chapter 7 Market Size by Application
Chapter 8 Manufacturers Profiles
Chapter 9 Production Forecasts
Chapter 10 Consumption Forecast
Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12 Opportunities & Challenges, Threat and Affecting Factors
Chapter 13 Key Findings
Chapter 14 Appendix
Market Segmentation: Riflescope Market
- By Sight Type
- By Technology
- Electro Optic
- Thermal Imaging/Infrared
- By Application
- Armed Forces
- Shooting Sports
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- North America
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Global riflescope market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of riflescope market for global, Europe, North America, Asia Pacific and South America.
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