Market Definition: Riflescope Market
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.
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.
The market report focuses on current market status, regional, national and international level market and in-depth study report that offers granular analysis of the market share, manufacturers, product type, applications, technological advancement, and geographic regions. Market basic factors covered in this report includes: Market overview, definitions, and classifications, and industry chain overview. The report predicts future market orientation for the forecast period from 2019 to 2026 with the help of past and current market values.
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Finally, the report features business strategy of industry key players along with their strengths and weaknesses. Various regulatory organizations were used as a data sources during the report development. The report was prepared using exclusive research on built up and developing market players. The report helps the consumer and other firms by providing a comprehensive examination using which they can organize a full-fledged plan for the upcoming period.
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.
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.
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
In this market report the market potential has been estimated and careful examination of fundamental sections and provincial markets has been given. The survey likewise sorts the market utilization volume and market share. Analysts have broken down the members alongside their information as well as principals separated from geographical regions and item type. Moreover, the report offers efficient review, product diagrams, and tables to deliver a conclusion.
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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